Came across a new blog this morning that I haven’t seen before. I noticed some traffic coming in so I decided to take a peek. Seems like real estate blogging is becoming popular!
The Walk-Through – A Real Estate Blog From The New York Times
I always appreciate links from other blogs and sites. It helps to get the word out by bringing new faces to the blog. In return for the favor I’m going to ask the usual readers to stop by the NY Times blog and take a look.
Caveat Emptor!
Grim
Sold my Clinton Township House last summer and moved into a cheaper house in the same town.
Can’t cash out completely just yet, so I figured I’d by down to put less equity at risk.
I’m planning on retiring to the NC coast in 3 to 4 years, but still need to live in this town until my son finishes HS this spring.
I remember 1988 and how long the RE market took to recover from that down turn. I don’t have the time to wait out another hit like that. I only hope I bought down enough and that the NJ market only flattens. At least so I can keep most of what I still have tied up in this current house.
I still wonder about the southeast as a continuing potential RE hot market. That market seems driven more by Baby Boomer’s, from all over the US, buying into areas they want to live in during their retirement. I currently have quite a bit of my NJ equity $ invested in this theory.
So far it has been working.
What’s your opinion?
You are one of the few people who remember there was a crash in the eighties..
In either case, consider your house a place to live rather then relying on it for a source of income.
No one can predict what will happen in any market, you can only make an educated guess. Let’s put it this way, you have all these experts saying there will be a soft landing, or a period of mild gains, or no appreciation, etc, etc. Take these for what they are, a prediction.
There are experts who “predict” the weather on a daily basis. Do you beleive everything they say 100%?
Sure, if the sun is out right now you can say it’s sunny. But you sure as hell won’t know what the weather will be like a month away.
the Walk-Through blog sucks. you have to give them your e-mail address to post (so they can spam you!) and the content is generic. the guy who runs it is also skeptical of the bubble, which seems laughable at this point
Came across this article.. written back in 1999 when people were saying there was a stock bubble; but everyone was just saying that the fundamentals have changed and it was part of a new economy. Little did they know that in April of 2001 (4/14/2001) there would be a change of tides.
So is the real estate market today a “New Economy”? I pity the fools who would even dare to compare. Mr. T would have to agree.
New Economy? Or Inflationary Bubble?
-Richie
Ahh.. A new era! Things are different this time!
It might be helpful for readers to open up the following link and note the behavior of the index prior to and after this article was written.
Nasdaq
grim
To anonymous who is wondering about the HOT SE market. Inventory in the Tampa Bay area is up about 30% in the last 3 months. Prices seemed to have leveled off with builders now offering incentives. Translating…….prices are going to come down..soon. As far as Baby Boomers retiring here, only the area that have seen large appreciations will be able to afford it. Areas of the US left out of the boom won’t be able to make the move. House insurance is skyrocketing because of the hurricanes, as well as taxes tied to the cost of housing. Many unspecting out of state buyers are shocked at closing to find out that the taxes for the year 2004 as listed by the Realtor and the County records might double at closing due to the “Taxometer” resetting at the new selling price.
Good luck!
anyone ever see the Loman (sp?) auto commercial where they say we can get you in a car if you have $99 and a job! gimme a break.
New York Times blog seems like an oxymoron. I agree with skep-tic: The content is generic.