Comments on: Yale Professor … House Price Decline Could Be Worse than Great Depression

By: San Diego real estate blog » San Diego Condo Sales Price Appreciation

San Diego real estate blog » San Diego Condo Sales Price Appreciation — Fri, 07 Nov 2008 22:32:38 +0000

[...] Yale Professor … House Price Decline Could Be Worse than Great Depression [...]

By: www.buzzflash.net

www.buzzflash.net — Tue, 09 Sep 2008 17:37:28 +0000

House Price Decline Could Be Worse than Great Depression…

In a Yahoo Finance interview with Yale professor and MacroMarkets chief economist Robert Shiller he made some grim housing forecast while promoting his book The Subprime Solution. Three points Shiller made are: * Home price declines are already app…

By: Downtown San Diego hotels

Downtown San Diego hotels — Mon, 08 Sep 2008 19:35:27 +0000

We're only seeing the last of the 1 and first of the 3 year ARMs getting their bumps now. Remember that even though housing was slowing refinancings were very strong. Not only that but most people that played that game pulled equity out too which means they essentially lump themselves in with the last of the buyers. Even if you say the top was at the end of '06, and it wasn't, we still need to get through all of '09 just to clear out the last of the 3 year ARMs. And the only way those people don't get hit hard is if property values not just stabilize but actually rise a bit as lending standards are tighter and they will have to come up with some equity. San Diego Tourism

By: acne medicine

acne medicine — Mon, 08 Sep 2008 19:34:31 +0000

Home prices do not double in price on average every ten years. There is no evidence to support sucha statement. S&P case shiller home index which goes back to 1890 found that SFR price's went up at the rate of inflation over time. If they do double in any short period its called a asset bubble and values return to medium as the bubble implodes. OFHEO also shows long term prices run with inflation and return to normal price levels rather then continuing to rise. In order for RE to double every 10 years average income would also need to rise with it, which if you hav't noticed doesn't happen and when it does as during the 70's yield on bonds jump into the teen's and the FED pushes up interest rates causing home prices to decline. Acne Treatments

By: bail bonds services

bail bonds services — Mon, 08 Sep 2008 19:33:29 +0000

The housing market peaked around 2005-2006. A lot of 5-year fixed interest-only loans will reset in 2010-2011. That means more foreclosures in the future. SD Bail Bonds