tag:blogger.com,1999:blog-15223784.post112741276106581862..comments2023-10-08T06:24:07.089-07:00Comments on Seattle Bubble: Seattle Times Asks: Who Will Lead On Housing?The Timhttp://www.blogger.com/profile/14832570891451659976noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-15223784.post-1127746256354769252005-09-26T07:50:00.000-07:002005-09-26T07:50:00.000-07:00How many of you folks who are convinced we are at ...<I>How many of you folks who are convinced we are at the peak, and are sitting atop a fragile bubble, own your own house? </I><BR/><BR/>Does that <I>really</I> matter? Does renting somehow nullifies their concerns--or those who "own" (or rent money) somehow have a truer take on reality? <BR/>Yes, we own--so what?marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1127698151657983102005-09-25T18:29:00.000-07:002005-09-25T18:29:00.000-07:00How many of you folks who are convinced we are at ...How many of you folks who are convinced we are at the peak, and are sitting atop a fragile bubble, own your own house?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1127445887393050232005-09-22T20:24:00.000-07:002005-09-22T20:24:00.000-07:00Not sure how this is the governments responsibilit...Not sure how this is the governments responsibility, other than the Fed keeping the credit tap open too long. As reskeptic notes, the correction is coming, but patience is needed. <BR/><BR/>If you talk with folks, many still don't seem to get it. I have a co-worker that wants to move back to the southwest, but keeps delaying putting his house in Seattle on the market. Now he wants to wait to next spring, I keep telling him that prices have peaked and now is the time to sell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-15223784.post-1127419636027748342005-09-22T13:07:00.000-07:002005-09-22T13:07:00.000-07:00In the past five years, real hourly wages have gro...<I>In the past five years, real hourly wages have grown by only 2 percent while the median home price has increased by 52 percent.</I><BR/><BR/>As painful as it may be now, this is a good sign--that a price correction is in order; it's still sad that people bought high. That said, more homebuyers should've done serious homework.<BR/>Housing prices do not support themselves (eh, unless propped by credit-driven speculation). <B>Wages</B> drive housing prices--big correction coming!<BR/><BR/>Something to support my point:<BR/>http://tinyurl.com/a7g3zmarine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.com