Why there's a bubble in housing - pretty clear - GoFuckYourself.com

Big E · 07-06-2005, 06:23 PM

This is an article from one of my favorite writers on macro and micro-economics. He always finds really interesting viewpoints about subjects:

http://www.investorsinsight.com/otb_...?EditionID=149

Very interesting article with lots of great graphs.

For me, it's the deviation of the price of rent vs mortgages. Here in San Diego, housing is rediculously overpriced compared to rents. It makes much, much more sense to rent here (as it does in many other cities)..

Sly · 07-06-2005, 06:24 PM

Yep, my rent is $1800. A mortgage would probably be around $2300-2800.

Love Sex · 07-06-2005, 06:26 PM

people need places to live, premium land is going to run out

Pete-KT · 07-06-2005, 06:27 PM

nice article

Veterans Day · 07-06-2005, 06:29 PM

why anyone would live in cali is beyond me. Come to the midwest and live like a king, and none of this ridiculous bubble nonsense

juve20 · 07-06-2005, 06:30 PM

there is no bubble in property. don't beleive the hipe! things might not always go up but they'll never go down!

tony

james_hunk · 07-06-2005, 08:15 PM

the article is making me think now..

GTS Mark · 07-06-2005, 08:29 PM

Quote:

Originally Posted by Sly

Yep, my rent is $1800. A mortgage would probably be around $2300-2800.

That is fucked, you pay $1800 a month for rent?? Man where do you live Tokyo?

But think if you only paid $500 more a month to a mortgage at least that $1800 would'nt be going into your landlord's pocket but into your own home's equity...

Something to make you go Hmmmmmm.... ;)

DH

nick1980 · 07-07-2005, 02:44 AM

maybe I have one too

Xenophage · 07-18-2005, 02:34 PM

Quote:

Originally Posted by DrinkingLight

That is fucked, you pay $1800 a month for rent?? Man where do you live Tokyo?

But think if you only paid $500 more a month to a mortgage at least that $1800 would'nt be going into your landlord's pocket but into your own home's equity...

Something to make you go Hmmmmmm.... ;)

DH

umm 1800 is cheap DH o DL

chadglni · 07-18-2005, 02:36 PM

Quote:

Originally Posted by LegendaryLars

umm 1800 is cheap DH o DL

For Tokyo.

Morgan · 07-18-2005, 02:47 PM

Quote:

Originally Posted by Veterans Day

why anyone would live in cali is beyond me. Come to the midwest and live like a king, and none of this ridiculous bubble nonsense

or just make more money and live like a king here in Newport Beach, CA.

Matt 26z · 07-18-2005, 02:51 PM

The reason for the increases is that it's easier to get a home loan today than it was 15 years ago. So this has created a whole new group of people entering the market, and supply could not meet demand. So prices went up.

gopsycho · 07-18-2005, 02:52 PM

Quote:

Originally Posted by Veterans Day

why anyone would live in cali is beyond me. Come to the midwest and live like a king, and none of this ridiculous bubble nonsense

Why live in Cali? the weather, the weather, the weather...oh yeah, the girls and the beach are pretty damn nice too.

The surfing sucks in the midwest

High Plains Drifter · 07-18-2005, 02:55 PM

Another factor that I haven't seen mentioned is that the population of the middle states has been migrating to the coasts over the last 20-30 years. Like my grammy used to say, "god aint making no more land".

Xenophage · 07-18-2005, 03:05 PM

check it

http://biz.yahoo.com/brn/050716/14750.html

Shap · 07-18-2005, 03:23 PM

Quote:

Originally Posted by DrinkingLight

That is fucked, you pay $1800 a month for rent?? Man where do you live Tokyo?

But think if you only paid $500 more a month to a mortgage at least that $1800 would'nt be going into your landlord's pocket but into your own home's equity...

Something to make you go Hmmmmmm.... ;)

DH

LOL you know how much I'm paying.

You saying i'm CCCCCRRRRRAZZZZZZY?

07-06-2005, 06:23 PM	#1
Big E Registered User Industry Role: Join Date: Mar 2002 Location: San Diego, CA Posts: 935	Why there's a bubble in housing - pretty clear This is an article from one of my favorite writers on macro and micro-economics. He always finds really interesting viewpoints about subjects: http://www.investorsinsight.com/otb_...?EditionID=149 Very interesting article with lots of great graphs. For me, it's the deviation of the price of rent vs mortgages. Here in San Diego, housing is rediculously overpriced compared to rents. It makes much, much more sense to rent here (as it does in many other cities)..

07-06-2005, 06:24 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,329	Yep, my rent is $1800. A mortgage would probably be around $2300-2800. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

07-06-2005, 06:29 PM	#5
Veterans Day Confirmed User Join Date: Jul 2003 Location: The Windy City Posts: 8,403	why anyone would live in cali is beyond me. Come to the midwest and live like a king, and none of this ridiculous bubble nonsense __________________ Build a Massive Traffic Network, Hands FREE, Totally Automated

07-06-2005, 06:30 PM	#6
juve20 Confirmed User Join Date: Feb 2005 Location: uk Posts: 2,542	there is no bubble in property. don't beleive the hipe! things might not always go up but they'll never go down! tony __________________ Monetize your site with AdBrite! Monetize your site with AdBrite!

07-06-2005, 08:15 PM	#7
james_hunk Confirmed User Join Date: Jul 2005 Posts: 408	the article is making me think now.. __________________ Make money on any traffic. Join KlikRevenue.com today!

07-06-2005, 06:26 PM	#3
Love Sex Confirmed User Join Date: Nov 2004 Posts: 1,905	people need places to live, premium land is going to run out

07-06-2005, 06:27 PM	#4
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	nice article

07-07-2005, 02:44 AM	#9
nick1980 Confirmed User Join Date: Jul 2005 Posts: 1,435	maybe I have one too __________________ Increase your sales. Up to $4 per click.

07-18-2005, 02:51 PM	#13
Matt 26z So Fucking Banned Industry Role: Join Date: Apr 2002 Location: ¤ª"˜¨๑۩۞۩๑¨˜"ª¤ Posts: 18,481	The reason for the increases is that it's easier to get a home loan today than it was 15 years ago. So this has created a whole new group of people entering the market, and supply could not meet demand. So prices went up.

07-18-2005, 02:55 PM	#15
High Plains Drifter Confirmed User Join Date: Jun 2005 Location: ♠ ♣ ♥ Posts: 2,341	Another factor that I haven't seen mentioned is that the population of the middle states has been migrating to the coasts over the last 20-30 years. Like my grammy used to say, "god aint making no more land". __________________

07-18-2005, 03:05 PM	#16
Xenophage Registered User Industry Role: Join Date: Oct 2001 Posts: 12,122	check it http://biz.yahoo.com/brn/050716/14750.html