Pamela Crowley (Florida)
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- Jan 13, 2002
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- Retired Appraiser
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- Florida
IMO, for a Realtor to make those statements is a big admission.
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Housing Bubble Bursting?
- Thread starter Austin
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Terrel L. Shields
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- May 2, 2002
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- Arkansas
how about stag-deflation
Randolph Kinney
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- Apr 7, 2005
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- North Carolina
Japan - what could happen here
Although some will pooh-pooh the very thought of something like what has happened in the last 15 years in Japan could ever happen to the U.S., the following link gives a recapitulation of the Japanese history for the great slump - even deflation with zero percent interest rates for what ultimately was a banking crisis and real estate market over valuation followed by a government bailout.
http://www.economist.com/finance/displaystory.cfm?story_id=7189583
Although some will pooh-pooh the very thought of something like what has happened in the last 15 years in Japan could ever happen to the U.S., the following link gives a recapitulation of the Japanese history for the great slump - even deflation with zero percent interest rates for what ultimately was a banking crisis and real estate market over valuation followed by a government bailout.
http://www.economist.com/finance/displaystory.cfm?story_id=7189583
Big ole Boy
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- Dec 6, 2003
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- Tennessee
Peak Oil + a Japan style bloat loan portfolio
Its Japan style lending + Peak oil ........ = new territory with meany China ...... to boot ..... ouch
Its Japan style lending + Peak oil ........ = new territory with meany China ...... to boot ..... ouch
Steve Owen
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- Jan 16, 2002
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- Missouri
And yet,
Unemployment in the Joplin MSA dropped to 3.7 percent in the most recent month's stats.
Places that have had rapid expansion, such as NW Arkansas, places that have had rapid price increases, such as S California, and places that have had rampant fraud, such as KC, might have problems in their markets or segments of their markets. I see some evidence that there is cooling in the housing industry, particularly in regards to new construction. I see some reason for concern with fuel price increases, stock market volatility, and some possible cooling of the economy paired with inflation.
But, for those areas of the nation where homeowners live in their homes (as opposed to places where much property is owned by speculators) I don't see much chance of a bubble bust so long as employment remains strong.
Unemployment in the Joplin MSA dropped to 3.7 percent in the most recent month's stats.
Places that have had rapid expansion, such as NW Arkansas, places that have had rapid price increases, such as S California, and places that have had rampant fraud, such as KC, might have problems in their markets or segments of their markets. I see some evidence that there is cooling in the housing industry, particularly in regards to new construction. I see some reason for concern with fuel price increases, stock market volatility, and some possible cooling of the economy paired with inflation.
But, for those areas of the nation where homeowners live in their homes (as opposed to places where much property is owned by speculators) I don't see much chance of a bubble bust so long as employment remains strong.
Randolph Kinney
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Pictorial of Housing Inventory Increases
Employment trends are among the most important factors in determining demand for housing.
Metro areas showing large increases of homes for sale and relatively weak employment growth include Boston, Los Angeles, Philadelphia and New York. Among the strongest markets overall are Houston, Dallas-Fort Worth and Seattle. All three areas are benefiting from robust job markets, and modest home prices are drawing investors and new residents to Texas.
Employment trends are among the most important factors in determining demand for housing.
Metro areas showing large increases of homes for sale and relatively weak employment growth include Boston, Los Angeles, Philadelphia and New York. Among the strongest markets overall are Houston, Dallas-Fort Worth and Seattle. All three areas are benefiting from robust job markets, and modest home prices are drawing investors and new residents to Texas.
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Big ole Boy
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Salty water
Well that does not look too bad ....... never mind .... everything is going to be fine ......
middle america .... are middle earth people ..... people with some idea about how to live ...... its the rest of us who live on the margins ...
..... Florida was always cheap ..... guess it just caught up ......
...... excuse me while I go look for some clean water to drink ......
Well that does not look too bad ....... never mind .... everything is going to be fine ......
middle america .... are middle earth people ..... people with some idea about how to live ...... its the rest of us who live on the margins ...
..... Florida was always cheap ..... guess it just caught up ......
...... excuse me while I go look for some clean water to drink ......
Randolph Kinney
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- Apr 7, 2005
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- North Carolina
Why are wealthy Californians moving to Nevada?
Move to Nevada Proves To Be Very Taxing for Tech Billionaire
By George Anders
From The Wall Street Journal Online
Scores of wealthy Californians "go Nevadan" each year, relocating to a neighboring state famous for its low taxes.
Nevada transplants account for more than 20% of all tax disputes made public earlier this year by California tax authorities. Complex cases can take a decade or longer to sort out.
Officials of California's Franchise Tax Board say they don't begrudge anyone the right to move to low-tax states. But they want to ensure that exiting Californians pay any taxes due on income or capital gains earned while in the state.
For the whole article, see the link:
http://www.realestatejournal.com/buysell/taxesandinsurance/20060718-anders.html?refresh=on
Move to Nevada Proves To Be Very Taxing for Tech Billionaire
By George Anders
From The Wall Street Journal Online
Scores of wealthy Californians "go Nevadan" each year, relocating to a neighboring state famous for its low taxes.
Nevada transplants account for more than 20% of all tax disputes made public earlier this year by California tax authorities. Complex cases can take a decade or longer to sort out.
Officials of California's Franchise Tax Board say they don't begrudge anyone the right to move to low-tax states. But they want to ensure that exiting Californians pay any taxes due on income or capital gains earned while in the state.
For the whole article, see the link:
http://www.realestatejournal.com/buysell/taxesandinsurance/20060718-anders.html?refresh=on
George Hatch
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Ms. Appleton-Young practically had to be hit over the head with a statistical brick before she would finally acknowledge the elephant in the room. It's about time.
As expected, the phrase "New Paradigm" is out, "Soft Landing" has just arrived DOA, and now they're casting about for another variation of "it won't happen this time because things are different".
I heard the next buzz phrase they were test driving is "the new normal". Time will tell how that one works out but I'm not enthusiastic for that one, either.
As expected, the phrase "New Paradigm" is out, "Soft Landing" has just arrived DOA, and now they're casting about for another variation of "it won't happen this time because things are different".
I heard the next buzz phrase they were test driving is "the new normal". Time will tell how that one works out but I'm not enthusiastic for that one, either.
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