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[+] San Francisco Court workers on strike - Dan Zook/NY (2 replies)
7/18/2012 8:55:21 AM (4385 views)

[+] Info on Title Source / Quicken Loans ? - george Hubka/MI (11 replies)
7/18/2012 5:16:40 AM (4209 views)

Maryland foreclosures and Homestead Credits - CHARLENE  PERRY/MD
7/17/2012 3:16:57 PM (2548 views)

[+] Odyssey Search - Scott Aduddell/MO (2 replies)
7/17/2012 1:10:53 PM (3371 views)

[+] Marcellus brine migration likely natural, not man-made: study - Scott Perry/PA (3 replies)
7/16/2012 10:47:12 AM (4709 views)




[+] CoreLogic - James Smith/TN (24 replies)
7/14/2012 10:50:44 PM (4413 views)

[+] Debt Letters Delivery - Al Dickerson/AL (2 replies)
7/13/2012 8:55:01 AM (3076 views)

BALTIMORE CITY- Public taking of private lands - CHARLENE  PERRY/MD
7/10/2012 2:34:59 PM (2488 views)

[+] SLK America Ever heard of them? - Alix Ott/MI (2 replies)
7/10/2012 11:58:48 AM (3592 views)

[+] Knowledge splice services LLC - Tempie Elder/GA (21 replies)
7/9/2012 8:06:06 PM (8977 views)

[+] Comment on "ALTA, Others Raise Objections over Plans to Seize Mortgages Through Eminent Domain" - Source of Title/OH (2 replies)
7/9/2012 11:38:23 AM (2918 views)

[+] Titles - mike genta/PA (11 replies)
7/7/2012 4:10:23 PM (3720 views)

Child Support Lien releases - Constance Foye/VA
7/4/2012 12:10:52 PM (2887 views)

Gen. Washington vs. Occupy 1784 - Scott Perry/PA
7/1/2012 5:08:09 PM (4333 views)

[-] Signs of a Turn in the Market - Leigh Attridge/MA (6 replies)
6/28/2012 7:17:48 AM (5180 views)
Re: Signs of a Turn in the Market - Scott Perry/PA
6/28/2012 10:21:54 AM (6662 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 3:19:12 PM (3862 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 10:56:22 AM (6499 views)
Re: Signs of a Turn in the Market - Leigh Attridge/MA
6/28/2012 11:36:16 AM (3646 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 12:38:48 PM (3687 views)

There is a wide gulf between rising prices and a speculative bubble.  Prices didn't just go up during the bubble; pricess lost all relation to the underlying value of houses in terms of historical measures such as price to income and price to rent ratios.  Those metrics have returned to within historically normal ranges.  And we are not talking about 20% per year price increases; we are talking merely about modest gains in prices, perhaps slower than the overall rate of inflation.

Individual areas where prices are high, such as yours, are areas which prices have been high historically, due to their desirability.  It is not a particular problem in the aggregate if prices and taxes are still high in Boston or New York or San Francisco, so long as the high prices are stable and sustainable.  If they are, then there is no bubble; the prices are merely due to high demand and limited supply.  With apoliogies to your plight, it is normal for some homeowners in high demand areas to look at disgust at their tax bills, isn't it?

There's little reason to be concerned about the low interest rates now.  We are in absolutely no danger of a second bubble in housing at this point in time.  Low interest rates should have been raised in the 2000s to cool an overheating housing market.  But just because low interest rates were one contributing factor to the bubble then does not mean that they are bad now.  There's not an overheated market now, nor an overheated economy-- quite the opposite. 

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Re: Signs of a Turn in the Market - Leigh Attridge/MA
6/28/2012 4:04:45 PM (3779 views)


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