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Gen. Washington vs. Occupy 1784 - Scott Perry/PA
7/1/2012 5:08:09 PM (4115 views)

[-] Signs of a Turn in the Market - Leigh Attridge/MA (6 replies)
6/28/2012 7:17:48 AM (4821 views)
Re: Signs of a Turn in the Market - Scott Perry/PA
6/28/2012 10:21:54 AM (5947 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 3:19:12 PM (3043 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 10:56:22 AM (5701 views)
Re: Signs of a Turn in the Market - Leigh Attridge/MA
6/28/2012 11:36:16 AM (2968 views)
Re: Signs of a Turn in the Market - Slade Smith/OH
6/28/2012 12:38:48 PM (2975 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 (3071 views)

[+] whats the real skinny? - bob purcell/CT (1 reply)
6/27/2012 6:24:53 PM (3070 views)

[+] Be careful what you ask for - CHARLENE  PERRY/MD (2 replies)
6/27/2012 2:53:50 PM (3173 views)

[+] Horror stories - Dan Zook/NY (1 reply)
6/27/2012 11:57:02 AM (3527 views)


Real Title Services


[+] Beware of Southeastern Title Solutions - Ann Mullins/SC (6 replies)
6/26/2012 5:00:59 PM (4421 views)

[+] Is a Court Clerk or Court Liable? - Nils Nelson/ME (2 replies)
6/26/2012 4:43:19 PM (2956 views)

[+] Abstractor Watchdog - Rick Huguenin/SC (6 replies)
6/25/2012 10:43:37 PM (4743 views)

[+] Georgia Witness-Only Closings - Donna McCullough/SC (1 reply)
6/25/2012 9:04:20 PM (5135 views)

[+] Need my peers advise... - Jacqueline Purcell/CT (4 replies)
6/25/2012 11:37:01 AM (3011 views)

[+] Queen of Versailles - building the 90,000 sf house - Leigh Attridge/MA (1 reply)
6/24/2012 9:47:46 PM (4613 views)

[+] Docs RN - Jason Knowles/AL (6 replies)
6/21/2012 2:26:40 PM (3351 views)

[+] National Real Estate Information Services - no pay - Patricia Perry/WV (14 replies)
6/21/2012 12:55:34 PM (4714 views)

Dusky gopher frog habitat designated in St. Tammany Parish - Scott Perry/PA
6/19/2012 11:44:18 AM (4046 views)

[+] Problems with Middlesex North ROD - Leigh Attridge/MA (4 replies)
6/18/2012 3:37:36 PM (2791 views)


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