patrick.net

Well yeah, Look at the number of days on redfin on the listings....

WOW. If those are the best reasons anyone can dream up, housing prices must be on the cusp of exploding.

Roberto Aribas is there claiming:

"ZERO chance the housing market "pops" in 2014... ( I have made 2 million dollars out of the housing crash, I know what I'm talking about) "

Call it Crazy says

Just moved on to another forum where he can fight with people and amaze them with his investing stories...

Come on now....as if his wild goose chase isn't difficult enough already!

Strategist says

WOW. If those are the best reasons anyone can dream up, housing prices must be on the cusp of exploding.

Just more reasons why the sword of Damocles hangs over your head ....

Bubbabear says

wild goose chase

Regardless of what I read in the media or on this site, I think it's a good idea to be aware of what is going on around you.

Here, in the affluent San Fernando Valley, I come back from vacation, walk into the Ralph's supermarket, and realize they are closing the store at Reseda and Vanowen. Huh?
I admit. I was shocked.

Yeah, Yeah, Yeah, plenty of sock puppet responses, 'oh, you silly goose, they are just reorganizing', etc.

No. When the store closes, I don't think the nail salon will last too long. Unless another retailer comes in. It will be more urban blight.

It's not going to pop, but it's going to slow down. Still, they are building apartments gangbusters in the city. On the west side they over build years ago .. and rents are cheaper than the east side.

The overhang of debt (not just housing) is so huge that a housing crash remains in the cards.

No one knows how this will play out. If the rents Roberto gets are adequate, he will do OK. But as for the big Wall Street money, they cannot turn on a dime and cause a big drop.

These are reasons to treat your house as a place to live and not an investment.

Only the direction of rents (up or down) matters.