Article in Barrons

[Matt J]

Something like this?

Q. Why is it a good time to buy in city/region name?

• Mortgage rates are near historic lows
• Home prices are the lowest in several years
• More homes to choose from then ever before
• city/region name is a great place to live and invest in real estate

All these factors, and more, indicate now is a good time to buy in city/region name.

Q. Will the recent "boom" cycle cause any lingering concerns among potential buyers hoping to "time" the market turn and wait for the low point to be reached?

A. The 2003-2005 real estate cycle was so short and intense, many buyers have taken a "wait and see" attitude in 2006. But now, in 2007, with the return to normalcy, buyers should recognize there could be a missed opportunity if they don't act now. Trying to "time" a real estate market is a difficult task of prognostication, and one at which few people succeed. But becoming educated on the long term realities of the overall market, and the city/region name market in particular, should alleviate most concerns.

city/region name is a popular location for both retirees and younger families, for many reasons. We offer an unsurpassed coastal environment, rich cultural heritage and amenities, numerous recreational offerings (golf, boating, biking, fishing, etc.), great shopping, a strong business community, a tremendous educational system, and much, much more. The local real estate community is sold on city/region name. We have invested our dollars in local real estate. We believe in our community, and want to share it with others. The incredible variety of quality homes and condominiums available in the current market gives potential buyers the perfect opportunity to grab their dream home now.

 

[SHELLY]

Go back and read what some of the so-called experts have predicted. When you find the one who hit the nail on the head, please let us know, so we know who to give credence to next time around.

....Here's 5 who hit the nail on the head:

1. Yale University Economist, Robert Shiller

2. Senior Economist at UCLA's Anderson School of Management, Chris Thornberg

3. Professor of Economics at the Stern School of Business at NYU, Nouriel Roubini

4. President of EuroPacific Capital, Peter Schiff

5. 'The Housing Bubble' Blogmeister, Ben Jones

.

 

[robertsondavies]

....Here's 5 who hit the nail on the head:

1. Yale University Economist, Robert Shiller

2. Senior Economist at UCLA's Anderson School of Management, Chris Thornberg

3. Professor of Economics at the Stern School of Business at NYU, Nouriel Roubini

4. President of EuroPacific Capital, Peter Schiff

5. 'The Housing Bubble' Blogmeister, Ben Jones

.

6. Oppenheimer & Co's, Meredith Whitney

 

[SHELLY]

Here's a timely confection about the Michigan Jobs/Housing/Economy from none other than NAR's Chief Economist Larry "Buy Now" Yun...prepare to be amazed

YouTube - Lawrence Yun speaks on Michigan job and housing markets


.

 

[Miss Critter]

....Here's 5 who hit the nail on the head:

1. Yale University Economist, Robert Shiller

2. Senior Economist at UCLA's Anderson School of Management, Chris Thornberg

3. Professor of Economics at the Stern School of Business at NYU, Nouriel Roubini

4. President of EuroPacific Capital, Peter Schiff

5. 'The Housing Bubble' Blogmeister, Ben Jones

6. Oppenheimer & Co's, Meredith Whitney

Thank you. Now I know who to subscribe to.

Here's a timely confection about the Michigan Jobs/Housing/Economy from none other than NAR's Chief Economist Larry "Buy Now" Yun...prepare to be amazed

Um, is there room on your blankie for a fourth "talking head?"

 

[SHELLY]

Um, is there room on your blankie for a fourth "talking head?"

When it comes to this NAR hack, he's more than just a "talking head," although you are about 50% right.

Here is an excerpt from that speech about Michigan:

YUN: "With the falling inventory currently, if you have some perspective buyers...I think, you feel it in your gut...you feel it in your gut....that they are buying at a low point; so that within 2 years time, they will be gaining this huge housing equity and you will have been part of that process of helping people accumulate wealth."

----------------------------
He went on to quote Warren Buffet's famous axiom, which in part states, "When everyone is greedy--be scared." Judging from this dolt's comment, folks should still be scared--very scared.


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[30A Skunkape]

Along those same lines, I came across this article from January 2006 while googling the other day.

http://www.legendaryinc.com/Outlook%2006%20Release%201.24.06.pdf

I especially like the quote from real estate "expert" Barbara Corcoran, who is a regular "consultant" on the Today Show.



Go back and read what some of the so-called experts have predicted. When you find the one who hit the nail on the head, please let us know, so we know who to give credence to next time around.

SHELLY!!!