Inventory Below 9000-Downward Trend Continuing Despite Doomsday Predictions

"No sorry, I didn't buy a Manhattan coop in 1987. I was in eighth grade in 1987 and you sound like a broker. No one owes their security to a poorly timed home purchase. Your statement is particularly stupid in the current context. "

lol

> I would have to agree kw, it is difficult to take nyc10022 seriously these days.

Wow, did Juiceman just try to call someone out on credibility?

ROTFL.

"while the vast majority can attribute their financial security to a long term commitment to home ownership."

spin, did you really write that? after the carnage that has occurred and is occurring nationwide because of home ownership, some unwise, and some untimely in that it occurred during a huge bubble and the subsequent recession and period of high un and underemployment? millions of people are losing their homes, and others found themselves using home equity for purposes both ludicrous (trip to jamaica and brand new SUV) and not so (health care, basic living expenses that went through the roof over the last decade while income didn't), so now they may also lose their homes or may be among the unlucky boomers who have seen their largest asset hugely underperform the second half of this decade, leaving them with far less equity than they imagined. you did buy recently, no?

"so now they may also lose their homes or may be among the unlucky boomers who have seen their largest asset hugely underperform the second half of this decade, leaving them with far less equity than they imagined."

just more evidence of the ignorance that goes along with many folks view of owner-occupied RE as an "investment".

aboutready, to be fair, I would guess that the "vast majority" of home owners in the history of this country did not buy during this particular bubble, but your point is otherwise strong I think. I don't know how many times one can say something so simple and trite, but buying a home is a major, major expense, and one that should be approached prudently. If done right, it can really be a boon to security, financial and otherwise. But it can obviously be done horribly wrong as well.

"Wow, did Juiceman just try to call someone out on credibility?"

Right back at you.