30% gain predicted for SoCal home prices by 2012
- Thread starter Strom_IHB
- Start date
bltserv_IHB
New member
Sure. Lets listen to Mark Schniepp. He is about as wrong as wrong can get.
<a href="http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html">http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html</a>
January 2007.
The Ventura County Star. ?Ventura and San Diego counties saw another slide in year-over-year home prices?Ventura County?s median of $593,000 was down 5.9 percent from $630,000 the previous year.?
?Mark Schniepp, executive director for the California Economic Forecast, said there?s usually no worry when a housing market that has seen increases at breakneck speed starts to slow. In fact, it could help the economy.??
?Though a slowdown in housing that leads to lower home prices affects real estate agents, lenders and others involved in the residential market, it wouldn?t necessarily affect other sectors of the economy and could actually be healthy for the market, Schniepp said.?
??A housing sector which cools off and somehow makes housing more affordable is a benefit to the work force,? he said. ?It would actually be a welcomed event, providing it would occur without chaos.??
<a href="http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html">http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html</a>
January 2007.
The Ventura County Star. ?Ventura and San Diego counties saw another slide in year-over-year home prices?Ventura County?s median of $593,000 was down 5.9 percent from $630,000 the previous year.?
?Mark Schniepp, executive director for the California Economic Forecast, said there?s usually no worry when a housing market that has seen increases at breakneck speed starts to slow. In fact, it could help the economy.??
?Though a slowdown in housing that leads to lower home prices affects real estate agents, lenders and others involved in the residential market, it wouldn?t necessarily affect other sectors of the economy and could actually be healthy for the market, Schniepp said.?
??A housing sector which cools off and somehow makes housing more affordable is a benefit to the work force,? he said. ?It would actually be a welcomed event, providing it would occur without chaos.??
graphrix_IHB
New member
Mark Schniepp isn't even worthy of my rants anymore. Ask him who helps pay his bills. Then it is clear that he has a vested interest in a healthy RE market. Too bad one of those builders who paid his bills is now BK. Oops.
Geotpf_IHB
New member
[quote author="bltserv" date=1255478695]Sure. Lets listen to Mark Schniepp. He is about as wrong as wrong can get.
<a href="http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html">http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html</a>
January 2007.
The Ventura County Star. ?Ventura and San Diego counties saw another slide in year-over-year home prices?Ventura County?s median of $593,000 was down 5.9 percent from $630,000 the previous year.?
?Mark Schniepp, executive director for the California Economic Forecast, said there?s usually no worry when a housing market that has seen increases at breakneck speed starts to slow. In fact, it could help the economy.??
?Though a slowdown in housing that leads to lower home prices affects real estate agents, lenders and others involved in the residential market, it wouldn?t necessarily affect other sectors of the economy and could actually be healthy for the market, Schniepp said.?
??A housing sector which cools off and somehow makes housing more affordable is a benefit to the work force,? he said. ?It would actually be a welcomed event, providing it would occur without chaos.??</blockquote>
There's nothing too wrong there. A slowing housing market that makes housing more affordable is, in fact, a benefit to the work force. It would have been a welcome event, provided it occurred without chaos. Of course, there was chaos aplenty.
<a href="http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html">http://realestaterecord.blogspot.com/2008/10/mark-schniepp.html</a>
January 2007.
The Ventura County Star. ?Ventura and San Diego counties saw another slide in year-over-year home prices?Ventura County?s median of $593,000 was down 5.9 percent from $630,000 the previous year.?
?Mark Schniepp, executive director for the California Economic Forecast, said there?s usually no worry when a housing market that has seen increases at breakneck speed starts to slow. In fact, it could help the economy.??
?Though a slowdown in housing that leads to lower home prices affects real estate agents, lenders and others involved in the residential market, it wouldn?t necessarily affect other sectors of the economy and could actually be healthy for the market, Schniepp said.?
??A housing sector which cools off and somehow makes housing more affordable is a benefit to the work force,? he said. ?It would actually be a welcomed event, providing it would occur without chaos.??</blockquote>
There's nothing too wrong there. A slowing housing market that makes housing more affordable is, in fact, a benefit to the work force. It would have been a welcome event, provided it occurred without chaos. Of course, there was chaos aplenty.
no_vaseline_IHB
New member
Wow. Pass the bong yo.
Soylent Green Is People_IHB
New member
The Kool-Aid is strong with this one...
Anyone who believes that lending is getting less stringent is certainly not reading the guideline change memos I'm getting.
My .02c
Remember, Tuesday is Soylent Green day!
Anyone who believes that lending is getting less stringent is certainly not reading the guideline change memos I'm getting.
My .02c
Remember, Tuesday is Soylent Green day!
wheresthebeef_IHB
New member
?Though a slowdown in housing that leads to lower home prices affects real estate agents, lenders and others involved in the residential market, it wouldn?t necessarily affect other sectors of the economy and could actually be healthy for the market, Schniepp said.?
Anything this clown says should be taken with a big grain of salt. The entire global financial markets almost collapsed last year largely due to the housing bubble...but that's completely off topic to California real estate. Up, up and away we go!
So if I buy today for 500K...I can flip my property for 650K in 3 years. Sweet, sign me up for as many houses as possible. Hahahaahaha!
Anything this clown says should be taken with a big grain of salt. The entire global financial markets almost collapsed last year largely due to the housing bubble...but that's completely off topic to California real estate. Up, up and away we go!
So if I buy today for 500K...I can flip my property for 650K in 3 years. Sweet, sign me up for as many houses as possible. Hahahaahaha!
awgee_IHB
New member
[quote author="Soylent Green Is People" date=1255488338]The Kool-Aid is strong with this one...
Anyone who believes that lending is getting less stringent is certainly not reading the guideline change memos I'm getting.
My .02c
Remember, Tuesday is Soylent Green day!</blockquote>
Please do not confuse the issue with facts.
Anyone who believes that lending is getting less stringent is certainly not reading the guideline change memos I'm getting.
My .02c
Remember, Tuesday is Soylent Green day!</blockquote>
Please do not confuse the issue with facts.