Thursday, November 09, 2006

Housing thoughts

Housing is vastly overpriced. A house is fairly priced when you can buy a home, then rent it out and the rent will cover all costs including upkeep, damage, insurance and taxes. You can't do that today -- you can't even get close.

The housing boom topped around August 2005. Historically, it take about two years after a housing top before the big trouble hits. This suggest that we'll see the housing agony hit around mid-2007. The market should start discounting the housing situation fairly soon.


Blogger vfsv said...

Silicon Valley's reported median prices appear to be holding up but we increasingly see evidence of manipulation of the data.

We see it in our own neighborhood:

and also in reported county-wide stats:

Keep checking for all the latest numbers and news.


7:12 PM  

Post a Comment

<< Home