Comments on: Op-Ed Friday: Son of Subprime http://housingdoom.com/2009/06/19/op-ed-friday-son-of-subprime/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: manfre http://housingdoom.com/2009/06/19/op-ed-friday-son-of-subprime/#comment-16820 manfre Sun, 21 Jun 2009 07:04:12 +0000 http://housingdoom.com/?p=2937#comment-16820 I see the option arm default wave coming too. Though, I am guilty of buying this month in San Antonio. The numbers worked out and family life has pushed me into buying after 5 years. I see the option arm default wave coming too. Though, I am guilty of buying this month in San Antonio. The numbers worked out and family life has pushed me into buying after 5 years.

]]> By: toysarefun http://housingdoom.com/2009/06/19/op-ed-friday-son-of-subprime/#comment-16819 toysarefun Sat, 20 Jun 2009 20:02:53 +0000 http://housingdoom.com/?p=2937#comment-16819 Defaults will continue with the kinds of unemployment we are seeing. Home prices are still fizzling down in Wisconsin, I'm seeing more and more places priced below 100k. It's getting to be a fairly decent time for first time buyers again, and prices that give equity builders some light at the end of the tunnel. Defaults are a good thing, it free's up disposable income that would otherwise be going to fatcat bankers. Defaults will continue with the kinds of unemployment we are seeing. Home prices are still fizzling down in Wisconsin, I’m seeing more and more places priced below 100k. It’s getting to be a fairly decent time for first time buyers again, and prices that give equity builders some light at the end of the tunnel. Defaults are a good thing, it free’s up disposable income that would otherwise be going to fatcat bankers.

]]> By: Doug http://housingdoom.com/2009/06/19/op-ed-friday-son-of-subprime/#comment-16818 Doug Fri, 19 Jun 2009 18:28:57 +0000 http://housingdoom.com/?p=2937#comment-16818 Hello, Doomers. While many locations seem to be exploding and imploding, here's another glimpse at a place that seems to be way behind the curve: Billings, MT. Talk of being "recession-proof" runs rampant here, and perhaps with good reason: We still have <5% unemployment and no major housing bust. But the housing market does seem to be budging a little. Some houses that sold 2-3 years ago are now going for 10-15% off. Not a major bust, but we'll see what happens from here. Housing starts are off 50-70% from peak, but they are still building and they are still asking crazy (in my opinion) prices. Here's a short video I did this past weekend, biking around to the 18 most active subdivisions to look at new construction going up. It's not nearly as extensive as my previous videos, but you might enjoy it: http://www.topoimagery.com/billings/2009/06/spring-construction-video.html If you're in CA or FL, it probably gives you a sense of nostalgia from 2-3 years ago! Hello, Doomers. While many locations seem to be exploding and imploding, here’s another glimpse at a place that seems to be way behind the curve: Billings, MT. Talk of being “recession-proof” runs rampant here, and perhaps with good reason: We still have <5% unemployment and no major housing bust.

But the housing market does seem to be budging a little. Some houses that sold 2-3 years ago are now going for 10-15% off. Not a major bust, but we’ll see what happens from here.

Housing starts are off 50-70% from peak, but they are still building and they are still asking crazy (in my opinion) prices.

Here’s a short video I did this past weekend, biking around to the 18 most active subdivisions to look at new construction going up. It’s not nearly as extensive as my previous videos, but you might enjoy it:

http://www.topoimagery.com/billings/2009/06/spring-construction-video.html

If you’re in CA or FL, it probably gives you a sense of nostalgia from 2-3 years ago!

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