- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Anyone seen her house in Telluride? Pix anyone or will you get shot?if Oprah can't sell the home????
Anyone seen her house in Telluride? Pix anyone or will you get shot?if Oprah can't sell the home????
I don’t rely too much on Greenspan’s uttering on housing market. He was 3 years too early when he uttered his famed irrational exuberance on stock market. He said it in 1996 and the market bottomed in 2001. According to Greenspan's 3 years premature market timing, the housing market should get to the bottom in 2009.Brad Ellis said:Still, only 3.5% overall? Looks like a classic- and minor, if Greenspan and others are correct about us being at the bottom of the curve- correction.
Brad
Why does that not surprise me? And they predict 'double digit' defaults if housing prices FALL 5%??? Run for the exits...falling behind on their loan payments at an unexpectedly rapid pace.
Terrel L. Shields said:Why does that not surprise me? And they predict 'double digit' defaults if housing prices FALL 5%??? Run for the exits...
Dee Dee said:If all of the carefully hidden concessions and incentives were disclosed publicly, then I think everyone would know that we've already had that 5% fall in prices.
rogerwatland said:You mean, the 5% industry wide decline in entrepreneurial profit and coincidental increase in marketing expenses?
He ought to know. He cause more rural sprawl than any man in the area. Spent a few weeks trying to drum up biz in Calif. I sent a couple sales out of one of his greenfield subdivisions to Pam. The banks took the keys to his helicopter and he was trying to sell his yacht he got from Don Tyson. He is personally responsible for raping about 4 sections of land NE of Fayetteville and NW of Springdale that was 'rural' a few short years ago...now it is just a clutter of housing.Tom Terminella is a little more circumspect.
“In the last 24 months it’s been rather entertaining to watch this unfold,” he says. “It’s a very challenging market. I watched a lot of development that didn’t make sense at the time it was happening. Now, with the correction in the market, it makes absolutely no sense.”