Friday, October 26, 2007

Bookmarks

This new chart of coming mortgage resets has been covered well at Calculated Risk, Dr. Housing Bubble, and The Great Loan Blog, but I wanted to bookmark it here too.

Second is this YouTube video of Fox News with Peter Schiff vs. guys who predicted 10% gains last year, from Housing Panic yesterday. Quotes:
"Will homes be worth more or less in 2007?"

"Today's home prices are completely unsustainable. They were bid up to these artificial heights by a combination of temporarily-low adjustable-rate mortgage payments, a complete absence of lending standards and by speculative buying."

"These sky-high real estate prices are going to come crashing back to earth. There's no way to stop it other than the Federal Reserve creating so much inflation...."

3 comments:

Anonymous said...

Westside,
Did you see this week's report by Goldman Sachs that estimates CA homes prices are 35% to 40% overvalued? After the ARM resets in 2008-09, the wave of Option recasts will remove another large source of buyers from the market. This could continue well into 2001-12.

Anonymous said...

wait a second -- so i'm not going to be able to buy a house till 2011 or 2012?

Anonymous said...

delirious http://gotuc.net/members/Kitchen-Cabinets/default.aspx scaffold http://gotuc.net/members/Slipcovers/default.aspx islander http://gotuc.net/members/Polar-Heart-Rate-Monitors/default.aspx pearce http://gotuc.net/members/Popcorn-Machines/default.aspx nickels http://gotuc.net/members/Garage-Door-Openers/default.aspx erotica http://gotuc.net/members/Area-Rugs/default.aspx deviation http://gotuc.net/members/Omeprazole/default.aspx wheeling http://gotuc.net/members/Vacuum-Cleaners/default.aspx rescheduled http://gotuc.net/members/Annuity-Calculator/default.aspx trench