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Reply #21: Gee, that's funny, in California new housing sales in 2/06 are UP 9.5% [View All]

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Capn Sunshine Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-25-06 09:13 PM
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21. Gee, that's funny, in California new housing sales in 2/06 are UP 9.5%
Edited on Sat Mar-25-06 09:16 PM by Capn Sunshine
It's all in this story in today's business section. But that's the difference between a "bubble" and legitimate supply and demand. When supply catches up with demand, things slow down. Note that the strory didn't say "NO ONE bought a house inthe Northeast last month", just that it's down from last years red-hot pace.

Things aren't as desperate as some make out, but when Wall Street will do anything to get that "hot money" back into the market, you see all kinds of stuff in the news.
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  -Housing Market Declining Rapidly unlawflcombatnt  Mar-25-06 04:15 PM   #0 
  - You cannot burn the candle at both ends forever.  benburch   Mar-25-06 04:18 PM   #1 
  - To show how crazy it has been  chaumont58   Mar-25-06 04:38 PM   #2 
  - The one I bought in a bad neighborhood  Warpy   Mar-25-06 06:15 PM   #10 
  - What, primarily, do the markjority of people tend to invest  cornermouse   Mar-25-06 04:38 PM   #3 
  - the did you know that a house you live in is NOT an asset? nt  msongs   Mar-25-06 04:54 PM   #5 
  - The house you live in is a long term investment.  cornermouse   Mar-25-06 06:12 PM   #8 
     - If you can buy for what you pay in rent, then buy  Warpy   Mar-25-06 06:19 PM   #11 
     - Rent vs. Mortgage  unlawflcombatnt   Mar-25-06 06:32 PM   #12 
     - Okay.  cornermouse   Mar-25-06 07:12 PM   #14 
     - No thanks to home-ownership, I'll continue to rent.  Jamison   Mar-26-06 01:26 PM   #39 
     - It's true in the Bay Area too.  Bush_Eats_Beef   Mar-25-06 07:20 PM   #16 
        - Yes, it's always worth checking those calculators in high cost markets  Gormy Cuss   Mar-25-06 08:06 PM   #20 
     - Don't forget to factor in property taxes. Those have been rising a lot  Roland99   Mar-25-06 07:20 PM   #17 
        - I should have specified the type of mortgage payment  Warpy   Mar-25-06 11:25 PM   #25 
     - Buying a home..  sendero   Mar-26-06 01:56 PM   #41 
  - Gold  unlawflcombatnt   Mar-25-06 06:13 PM   #9 
     - A really naive question about gold --  IndyOp   Mar-26-06 09:04 AM   #31 
  - It drives me crazy when there is focus on only the most recent month  Gormy Cuss   Mar-25-06 04:47 PM   #4 
  - Long Term  unlawflcombatnt   Mar-25-06 06:45 PM   #13 
  - Northern NJ is really sucking wind!  BlueStateBlue   Mar-25-06 05:48 PM   #6 
  - Oh there is a market - many of us would like to own our own  jwirr   Mar-25-06 06:09 PM   #7 
  - Median home price in Silicon Valley CA is still $750K...  Bush_Eats_Beef   Mar-25-06 07:17 PM   #15 
  - My hometown is fucking apocalyptic  bedpanartist   Mar-25-06 08:06 PM   #19 
  - As always, I agree with almost everything you write.  Neil Lisst   Mar-25-06 08:05 PM   #18 
  - Gee, that's funny, in California new housing sales in 2/06 are UP 9.5%  Capn Sunshine   Mar-25-06 09:13 PM   #21 
  - Southern California  unlawflcombatnt   Mar-25-06 11:12 PM   #24 
  - Median Price $230k ??? JEBUS !!  hippiechick   Mar-25-06 09:46 PM   #22 
  - Flame away, if you will, but  xkenx   Mar-25-06 10:31 PM   #23 
  - Housing REPLACED the stock market as a sink for excess capitol  Porcupine   Mar-26-06 12:19 AM   #26 
  - Empty Housing Stock  unlawflcombatnt   Mar-26-06 02:32 AM   #27 
     - I'm aware of a house just purchased in west Houston  Neil Lisst   Mar-26-06 07:48 AM   #30 
  - Sorry, but the fluctuations in real estate are as wild as the stock market  Neil Lisst   Mar-26-06 07:40 AM   #29 
  - There are some things going on that point to the big bust  joeprogressive   Mar-26-06 07:28 AM   #28 
  - "people averaging 10x their salary in housing costs"... this is misleading  unblock   Mar-26-06 09:26 AM   #32 
  - don't forget about large down payment effects  spooky3   Mar-26-06 10:06 AM   #36 
  - except that that's not a risk factor  unblock   Mar-26-06 10:11 AM   #37 
     - that was not my argument  spooky3   Mar-26-06 12:24 PM   #38 
  - Maybe but there are other indicators that prove my point.  joeprogressive   Mar-26-06 10:55 PM   #43 
  - "the median house price in palo alto is 10x the median income in palo alto  joeprogressive   Mar-26-06 11:00 PM   #44 
     - my point is not so much median vs. mean as relevant population  unblock   Mar-26-06 11:42 PM   #46 
  - General Rules  unlawflcombatnt   Mar-29-06 03:35 PM   #47 
  - America's "Roman Holiday" is about to end  AndyA   Mar-26-06 09:30 AM   #33 
  - You don't have to tell me.  gizmo1979   Mar-26-06 09:33 AM   #34 
  - Reading this, and all the prior comments...  ms liberty   Mar-26-06 09:37 AM   #35 
  - North Carolina  unlawflcombatnt   Mar-26-06 03:58 PM   #42 
  - K & R! nt  TheGoldenRule   Mar-26-06 01:31 PM   #40 
  - The house for sale across the street from us:  redacted   Mar-26-06 11:10 PM   #45 

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