Comments on: Thursday Numbers

By: robchipman

robchipman — Wed, 28 Nov 2007 22:15:09 +0000

I’m not sure what a pumper is, or what the inevitable is (20% correction? 30%? 40%? 50%?) but here are a few facts to confuse things.

October 2005 benchmark for detached was $546,061; October 2007 $730,022. That’s a difference of $183,961, or 34%.

If you were leveraged at 25% down, of course, your return is 4 times that, percentage wise.

And, of course, with 25% down and a 34% increase in value it’s possible that you could remove all of your down payment from the purchase after a year, and have the cash and the income producing property.

By: Tony Danza

Tony Danza — Wed, 28 Nov 2007 20:38:01 +0000

“the “inevitable” was known 2-3 years ago…”

I think you’re extending too much intellectual credit to the RE pumpers with your statement.

By: blueskies

blueskies — Tue, 27 Nov 2007 04:31:47 +0000

if people were rubbing the inevitable in my face every day.

the “inevitable” was known 2-3 years ago..

ample time to CYA

By: Tony Danza

Tony Danza — Mon, 26 Nov 2007 23:54:57 +0000

Come on guys don’t be so hard on the RE pumpers. Imagine if the industry you worked/pumped in was going to hell just 20 minutes south of you. I know I’d be pissed if people were rubbing the inevitable in my face every day.

By: Disbelief

Disbelief — Mon, 26 Nov 2007 22:59:05 +0000

And when all you have is a condo that you overpaid for all you have is hope that one day you will come out from under it….. And then another Bull is born… You never know you might be one of the lucky ones…. Time will tell… Good luck

By: Disbelief

Disbelief — Mon, 26 Nov 2007 04:08:11 +0000

Or the key is not to try to time it at all…as you many others should have learned over the past few years.

That may apply to some but I have been in the market a long time. Have my home which I live in and have sold 2 investment properties one in 2004 and the other in 2005. The money is invested mostly in GICs just waiting for the next cycle. And if not thats ok too I will just buy my retirement property sooner than expected and get out of this wet soggy climate. When you have cash you have lots of options….

By: Anonymous

Anonymous — Sun, 25 Nov 2007 22:09:37 +0000

newflash “as you many others should have learned over the past few years.”

quite a long time horizon you have there newsflash.

you’ve probably heard it before, but sounds like you could use some reminding: “never confuse a bull market with brains”.

By: News Flash

News Flash — Sun, 25 Nov 2007 21:21:37 +0000

“your meager housing unit ownership will wither in the face of this perfect sh!t storm we are facing.”

I would have expected a US link for you Blueskies. Instead more of the same you have been posting for how many years now?

By: News Flash

News Flash — Sun, 25 Nov 2007 21:14:06 +0000

“The key to any market is timing. Time it right and you will be wealthy and time it wrong and you can lose your shirt…. Just talk to some of our American friends.”

Or the key is not to try to time it at all…as you many others should have learned over the past few years.

By: DeeDub

DeeDub — Sun, 25 Nov 2007 20:24:53 +0000

Schiff, who heads brokerage Euro Pacific Capital in Darien, Conn., sees the dollar and stock market collapsing…

Schiff has been making these kinds of predictions for years. The question, if you believe he is correct, is – why do YOU believe “this time is different”?