Is a jobless recovery really a recovery? I have to agree with the first post, which I'm assuming suggests economists see a real recovery. The sooner job losses stabilize the sooner we can get into a jobless recovery, but I don't see those two factors happening for another 18 months or so. These are big, persistent headwinds as indicated by the fact that there's close to $2T worth of adjustable loans that have to reset of the next two years. Through some means that's not a bailout, the government has to force mortgage companies to write down the value of peoples' home that are significantly flipped in terms of lan to value. Until this happens, there will be no recovery and even then it's a crap shoot. There's so much housing inventory on the market and will be coming onto the market that it's anyone's guess when the it will stabilize. For all we know in two years, we might start hearing about a second wave of homes that were bought at foreclosure and are going back into foreclosure.
Jay
of GA
@
Dec 19, 2008 19:39:55 PM
Good stuff here! But I got news for ya? We will not see a recovery until maybe 2015. So hang on to your paints boys or you'll loose um!
of
@
Dec 12, 2008 08:00:48 AM
The housing market will rebound when we suddenly decide to forget what we just learned about inflated loans and loose lending. In other words---quite a ways down the road.
of
@
Dec 11, 2008 15:35:52 PM
headwinds
Pretty good analysis of what we have ahead of ourselves. Those that see it as gloom and doom perhaps should see it as a reality check and get ready for tv e other shoe to drop, specifically commercial real estate. We have been here before, we will move forward again ,but it time to hunker down and ride this one out as no one is immune at this point.
Mtnrdr
of CA
@
Dec 05, 2008 01:09:13 AM
Rock bottom prices?
GDR thinks that housing prices have hit "rock bottom". HA HA HA HA HA!
Dream on, buddy.
Mark
of CA
@
Dec 04, 2008 16:18:45 PM
Opinion Is Sometimes Just That, GDR
Not to disparage your opinion, GDR, but we would like to know which way the wind is blowing, and not just blowing smoke up our "A's." True, the media often influences trends, but the facts will eventually out. Just because one bozo or even several make a negative prediction, it's just that---prediction. The media has been wrong before about trends. Of course, just because they sell it doesn't mean everyone will buy it. I remember when the media extolled the virtues of Betamax.
Shardax
of TX
@
Dec 04, 2008 14:13:12 PM
more doom and gloom eh?
Why do A-holes like you get off on constantly spreading this doom and gloom crap. Obviously you get off on fueling the fire that is already out there. Why do you think that writing this garbage, deliberately trying to scare potential home buyers from buying a home is going to help the economy or revive the housing market. Home prices have dropped to rock bottom, but the only way to drive them back up again is for the foreclosures and bank owned homes to be sold, even if at a rock bottom price, so that the market can start flowing again and prices can come back up on homes, then honest homeowners can eventually regain the equity in their homes. But this kind of crap like you are spreading is only going to delay the process of recovering the housing market. Or is that your intention for some sick little self serving reason?
Jay of GA @ Dec 19, 2008 19:39:55 PM
of @ Dec 12, 2008 08:00:48 AM
of @ Dec 11, 2008 15:35:52 PM
Mtnrdr of CA @ Dec 05, 2008 01:09:13 AM
Mark of CA @ Dec 04, 2008 16:18:45 PM
Shardax of TX @ Dec 04, 2008 14:13:12 PM
GDR of AZ @ Dec 04, 2008 13:47:32 PM
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