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View Full Version : Impending housing market crash

Rick
03-29-2007, 09:14 AM
Who thinks there will be a housing market crash within the next 5 years?
Vic
03-29-2007, 10:25 AM
IMO, I think the worst is happening now. Subprime lenders imploded, houses are sitting on the market for extended periods of time yet prices haven't really dropped. If anything appreciation is low, but not completely stalled.

Who knows...so hard to predict the way markets move.
Rick
03-29-2007, 05:00 PM
http://www.chicagobusiness.com/images/random/og032607l.gif

http://www.chicagobusiness.com/cgi-bin/news.pl?id=24361
Vic
03-29-2007, 06:54 PM
:eek7: Hope house prices keep going up and real estate market gets better. Up here, in Northern Lake County, there's a large supply of homes sitting on the market. So far it looks like higher priced homes have been doing well and the lower priced homes are the ones sitting on the market for 160 days+.

"They thought you could just get a license and stop by the Mercedes dealer, but that's not how it works."

:bricks: <-- Realtors
Rick
03-30-2007, 12:48 AM
How does one short housing?
j oyen
03-30-2007, 03:03 PM
I think housing prices will stay flat or decline a bit over the next 3 years or so. There could very well be a pool of would be buyers that are waiting on the side lines for the "bottom" to hit. The current fear and hype about the housing crash could further erode the confidence of the would be buyers. A few years ago there was an urgency to purchase because prices were escalating quickly. Now the opposite is true and the urgency to buy is not there. Now is probably not a good time to be highly leveraged in real estate.

I sure wish I had a crystal ball though.

John
Rick
03-30-2007, 04:11 PM
There could very well be a pool of would be buyers that are waiting on the side lines for the "bottom" to hit.

:iagree: :wave:

This has also been in the media for quite sometime now. I think the meme may have spread enough that it might even be a self fulfilling prediction eventually.
Vic
03-30-2007, 05:51 PM
:iagree: :wave:

This has also been in the media for quite sometime now. I think the meme may have spread enough that it might even be a self fulfilling prediction eventually.


If you wait for prices to fall, how long before price drop > appreciation you could have had by owning the home instead of waiting for prices to bottom.

Now it may make sense to wait, but 1 yr ago, 2 yrs ago, 3 yrs ago?


I sure wish I had a crystal ball though.

John

:add15million:
Hornswoggler
04-11-2007, 12:21 AM
If there is going to be a crash, it will happen within the next two years.

I don't think we'll get hit very hard compared to some of those overinflated areas like cali or maybe even east coast. Well, I dont know about chicago, but central IL (I am near peoria) didn't jump all too much with the boom.

THe market will take a dip, I don't doubt. How much of a dip will depend partially on interest rates. If it starts getting too ugly, i bet the feds drop it a bit.