Comments on: Greenspan Gives Guidance on Housing Market http://www.biggerpockets.com/renewsblog/2008/08/16/greenspan-gives-guidance-on-housing-market/ Learn, Network, Invest Mon, 23 Nov 2009 07:23:11 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jeffrey http://www.biggerpockets.com/renewsblog/2008/08/16/greenspan-gives-guidance-on-housing-market/comment-page-1/#comment-59580 Jeffrey Tue, 26 Aug 2008 15:37:11 +0000 http://www.biggerpockets.com/renewsblog/?p=1167#comment-59580 It seems here in Denver that they're building houses faster than people can buy them up. Whole subdivisions going up without people to fill them. It really is driving market price for housing into the ground. It seems here in Denver that they’re building houses faster than people can buy them up. Whole subdivisions going up without people to fill them. It really is driving market price for housing into the ground.

]]> By: Rob K. Blake http://www.biggerpockets.com/renewsblog/2008/08/16/greenspan-gives-guidance-on-housing-market/comment-page-1/#comment-59425 Rob K. Blake Mon, 18 Aug 2008 20:22:56 +0000 http://www.biggerpockets.com/renewsblog/?p=1167#comment-59425 Eric: The faster we hit bottom the more jobs we'll create....lenders and realtor employment will go back up along with a slew of other supported industries. Ken: Chicago is very similar to Denver in this respect. Rents having been increasing in many areas for the last 2 years...combine that with a speculative bubble leak over the same time period bring prices down...we hit equilibrium this Summer...rather than next. Summer 2009 will be business as usual for Chicago and Denver...declining days of the market, price stability, loose lending requirements....the whole shebang. J. Bentz: Yes it there was no bubble to burst...that market according to Greenspan would have held the norm of renting costing the consumer more than owning...nothing to correct if that is the case. Cedar City: Thanks......I do try. RKB Eric: The faster we hit bottom the more jobs we’ll create….lenders and realtor employment will go back up along with a slew of other supported industries.

Ken: Chicago is very similar to Denver in this respect. Rents having been increasing in many areas for the last 2 years…combine that with a speculative bubble leak over the same time period bring prices down…we hit equilibrium this Summer…rather than next. Summer 2009 will be business as usual for Chicago and Denver…declining days of the market, price stability, loose lending requirements….the whole shebang.

J. Bentz: Yes it there was no bubble to burst…that market according to Greenspan would have held the norm of renting costing the consumer more than owning…nothing to correct if that is the case.

Cedar City: Thanks……I do try.

RKB

]]> By: cedar city real estate http://www.biggerpockets.com/renewsblog/2008/08/16/greenspan-gives-guidance-on-housing-market/comment-page-1/#comment-59423 cedar city real estate Mon, 18 Aug 2008 17:29:22 +0000 http://www.biggerpockets.com/renewsblog/?p=1167#comment-59423 This is one of the most informative posts I have read in a while. Good statistics and data. Thank you for sharing some insight into the housing market. This is one of the most informative posts I have read in a while. Good statistics and data. Thank you for sharing some insight into the housing market.

]]> By: J. Bentz http://www.biggerpockets.com/renewsblog/2008/08/16/greenspan-gives-guidance-on-housing-market/comment-page-1/#comment-59413 J. Bentz Mon, 18 Aug 2008 13:20:57 +0000 http://www.biggerpockets.com/renewsblog/?p=1167#comment-59413 Some areas, like Central PA and Central VA, don't seem to have been as poorly affected by the "burst bubble," and might not have anything to recover from. Anyone else agree? Texas is another area that doesn't seem to have been as negatively affected by the bubble burst. Some areas, like Central PA and Central VA, don’t seem to have been as poorly affected by the “burst bubble,” and might not have anything to recover from. Anyone else agree? Texas is another area that doesn’t seem to have been as negatively affected by the bubble burst.

]]> By: Ken in Chicago http://www.biggerpockets.com/renewsblog/2008/08/16/greenspan-gives-guidance-on-housing-market/comment-page-1/#comment-59389 Ken in Chicago Sun, 17 Aug 2008 19:40:48 +0000 http://www.biggerpockets.com/renewsblog/?p=1167#comment-59389 Based on the number of buyers we are seeing coming into the market and the HUGE rental rate increases we are seeing I think we are getting really close to the bottom in Chicago. When renters get hit with large increases they look at their options and buying starts to become much more attractive. So prices coming down helps, but so do rental increases. Based on the number of buyers we are seeing coming into the market and the HUGE rental rate increases we are seeing I think we are getting really close to the bottom in Chicago. When renters get hit with large increases they look at their options and buying starts to become much more attractive. So prices coming down helps, but so do rental increases.

]]> By: Eric- New Orleans Condos and Lofts http://www.biggerpockets.com/renewsblog/2008/08/16/greenspan-gives-guidance-on-housing-market/comment-page-1/#comment-59377 Eric- New Orleans Condos and Lofts Sat, 16 Aug 2008 22:36:32 +0000 http://www.biggerpockets.com/renewsblog/?p=1167#comment-59377 Congress needs to move out of the way? Just give the money back to homeowners and the result is much better. But then someone does not get our money to use as they fit. A few more specials for the groups that are in favor. its all borrowed money at that. You are right, lets get to the bottom. Do not ofrget about creating jobs? Congress needs to move out of the way? Just give the money back to homeowners and the result is much better. But then someone does not get our money to use as they fit. A few more specials for the groups that are in favor. its all borrowed money at that. You are right, lets get to the bottom. Do not ofrget about creating jobs?

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