Register to leave a comment, or log in if you already have an account
MM, if gov is to provide roofs over people’s head, rather it be subsidized housing than this massive housing bailout. that at least is a more targeted solution to folks in real need. let’s not kid ourselves, the protecting of homeowners is really protecting the mortgages note holders
You stand on thin ice, DIBS. And your bottom has wheels, “end of the year, first few months of 2010” (when is the 3rd edition due?)
The numbers and activity support a “double dip”.
“Other bottoms come and go with greater frequency”
Brilliant ‘out’, DIBS. But there’s only one bottom per cycle. You’re going to piss off a lot of recent, first-time buying brownstoners. Is that what you’ll explain to them?
I’m not sure I buy that, BHO. Especially when you consider WHO is losing their jobs. People who can afford to buy in prime areas have the lowest unemployment rate (isn’t is something like 5%?) and I just don’t see anything pointing in the direction of a huge number of these people losing their jobs.
ishhtar – The hood is last hired and first fired so the trend plays out that way. But when the layoffs, downsizes and office shutdowns trickle their way to so-called prime households, you can be rest assured that short sales will be relevant to our beloved Brownstone Brooklyn TM. Look at Shahn Anderson over on Cambridge (the Mezzanine Victorian for rent and the gutted brownstone across the street). That’s shadow like a mofo. And that’s the shadow we KNOW about.
I stand by my prediction that the market bottomed around the end of the year, first few months of 2010. All th numbers and recent activity seem to support this.
Other bottoms come and go with greater frequency. 🙂
While home ownership is not a “right”, outside of large cities, it’s a norm. The town I grew up in had no apartments for rent, and very few houses. You could rent a trailer in a trailer park, that was about it. People bought homes. I’m sure it is the same in much of the country. In fact, when I used to participate in the Old House blog, before B’stoner, renting was a dirty word, as most of the people who participated on the threads came from places across the country where renters didn’t mean upscale apartments in the “good” side of town, but lower end rattraps on the wrong side of the tracks. So rescuing homeowners in most of America is not the same as here.
And why can’t we do both at the same time? Job programs, even if they all worked as planned, which they don’t, are not going to save everyone, or in every place. Someone could still lose their home while waiting for a job program to start up. This is a complicated, long term rescue of the economy. It’s absurd to expect it to work in 6 months. Granted, there is much that needs to work better, but anyone else got a better idea?
MM, if gov is to provide roofs over people’s head, rather it be subsidized housing than this massive housing bailout. that at least is a more targeted solution to folks in real need. let’s not kid ourselves, the protecting of homeowners is really protecting the mortgages note holders
You stand on thin ice, DIBS. And your bottom has wheels, “end of the year, first few months of 2010” (when is the 3rd edition due?)
The numbers and activity support a “double dip”.
“Other bottoms come and go with greater frequency”
Brilliant ‘out’, DIBS. But there’s only one bottom per cycle. You’re going to piss off a lot of recent, first-time buying brownstoners. Is that what you’ll explain to them?
***Bid half off peak comps***
I’m not sure I buy that, BHO. Especially when you consider WHO is losing their jobs. People who can afford to buy in prime areas have the lowest unemployment rate (isn’t is something like 5%?) and I just don’t see anything pointing in the direction of a huge number of these people losing their jobs.
jackal’s here. He’s just not very punny.
Biff, you’re very writty but you lack the courage of your convictions. The rest of you, behabeaselves.
P.S. (Can’t believe I’m saying this) BHO, I think dibs has been talking about bottoms for a lot more than two years.
ishhtar – The hood is last hired and first fired so the trend plays out that way. But when the layoffs, downsizes and office shutdowns trickle their way to so-called prime households, you can be rest assured that short sales will be relevant to our beloved Brownstone Brooklyn TM. Look at Shahn Anderson over on Cambridge (the Mezzanine Victorian for rent and the gutted brownstone across the street). That’s shadow like a mofo. And that’s the shadow we KNOW about.
***Bid half off peak comps***
I stand by my prediction that the market bottomed around the end of the year, first few months of 2010. All th numbers and recent activity seem to support this.
Other bottoms come and go with greater frequency. 🙂
While home ownership is not a “right”, outside of large cities, it’s a norm. The town I grew up in had no apartments for rent, and very few houses. You could rent a trailer in a trailer park, that was about it. People bought homes. I’m sure it is the same in much of the country. In fact, when I used to participate in the Old House blog, before B’stoner, renting was a dirty word, as most of the people who participated on the threads came from places across the country where renters didn’t mean upscale apartments in the “good” side of town, but lower end rattraps on the wrong side of the tracks. So rescuing homeowners in most of America is not the same as here.
And why can’t we do both at the same time? Job programs, even if they all worked as planned, which they don’t, are not going to save everyone, or in every place. Someone could still lose their home while waiting for a job program to start up. This is a complicated, long term rescue of the economy. It’s absurd to expect it to work in 6 months. Granted, there is much that needs to work better, but anyone else got a better idea?
“+117% from a very low number is still A VERY LOW NUMBER”
This is your brain on drugs.
***Bid half off peak comps***
“DIBS has been talking about a bottom for 2 years now.”
Different kind of bottom.