tag:blogger.com,1999:blog-4113767199444444516.post1607823069640389443..comments2023-10-03T04:34:39.407-07:00Comments on Portland Real Estate Outsider: Investors are Idiots - Monday's Stock Market GainsPDX Outsiderhttp://www.blogger.com/profile/01596115115859601410noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4113767199444444516.post-33311716501583924572009-03-31T12:29:00.000-07:002009-03-31T12:29:00.000-07:00Thanks for the comment Stephanie, and thanks for n...Thanks for the comment Stephanie, and thanks for not being yet another anonymous commenter. <BR/><BR/>Please subscribe to get the latest updates and that way you won't miss some of the best comments that come in a bit later.<BR/><BR/>Please send me material as well!PDX Outsiderhttps://www.blogger.com/profile/01596115115859601410noreply@blogger.comtag:blogger.com,1999:blog-4113767199444444516.post-41826851170252294822009-03-30T15:20:00.000-07:002009-03-30T15:20:00.000-07:00Hey, I like your site, and your attitude. Give us...Hey, I like your site, and your attitude. Give us some more, please.<BR/><BR/>P.S. I think the only people doing well in real estate right now are the folks who make those wood posts for the "For Sale" signs. Inventories for their posts must be depleted. They are probably scrambling to keep up with the demand.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4113767199444444516.post-91863381633002246222009-03-30T14:35:00.000-07:002009-03-30T14:35:00.000-07:00I have never understood the attraction to Lake mos...I have never understood the attraction to Lake mosquitOswego. That so called lake is gross but buyers are willing. There are two kinds of buyers those that have cash and those that don't. Those who do not possess cash have not fully realized that cheap money means high caliber credit. Those with cash (a substantially small sector of potential buyers)will be bargain shopping. My guess is the later will wait things out because we have not hit bottom. Oregon's unemployment rate will only make the pool of potential buyers smaller thereby making a bottom farther out. There are serious unsolved structural problems with the financial system and this will make recovery unseen for quite sometime. Prices will continue to decline with inventory increasing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4113767199444444516.post-50827336502941749242009-03-29T22:24:00.000-07:002009-03-29T22:24:00.000-07:00We're far from the bottom. Sales and prices are d...We're far from the bottom. Sales and prices are down from last year, and inventory is sky high. <BR/><BR/>The market isn't going to just bounce back like the stock market either, real estate is far from liquid. We will not only be able to acurrately call the bottom, but we might stay at the "bottom" for years.<BR/><BR/>The next time an agents says that we're at the bottom ask them how they know this, and see if they can quote any real data, or if they just spout the NAR BS that "sales are up from January."PDX Outsiderhttps://www.blogger.com/profile/01596115115859601410noreply@blogger.comtag:blogger.com,1999:blog-4113767199444444516.post-44365526567305240942009-03-29T18:34:00.000-07:002009-03-29T18:34:00.000-07:00I am sure a lot of folks are wondering about the l...I am sure a lot of folks are wondering about the location of the bottom. What I like to ask myself (and realtors) is why rush in to buy now? What would cause prices to go up now and what caused the bubble?<BR/><BR/>Do we have easy and cheap financing?<BR/><BR/>What's the inventory looking like?<BR/><BR/>Doubt if we have a lot of Californians moving up with their wads of cash given the state of their market.<BR/><BR/>The theory that RE only goes up has been busted.<BR/><BR/>How will our growing unemployment effect prices?<BR/><BR/>What's shadow inventory?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4113767199444444516.post-16231276077859522782009-03-29T18:09:00.000-07:002009-03-29T18:09:00.000-07:00I was looking at homes in west linn/lake oswego. T...I was looking at homes in west linn/lake oswego. The realtor said that we have hit the bottom. We were at an open house a couple weekends ago and it was full of people. My question is...are people looking and waiting for the market to drop further OR is it now the time to buy? I was hoping that we are far from the bottom and the activity we are seeing is seasonal. What do you think?Anonymousnoreply@blogger.com