Real Estate

College Majors Business Majors
1

<p>This is a business major forum obsessed with the obvious (consulting and ib)</p>

<p>Possibly we can actually discuss current topics related to business instead of constantly bickering</p>

<p>So here we go.</p>

<p>Discussion: Real Estate</p>

<p>What do you guys predict. What will happen when the 1.5 trillion in loans reset this year? How about the 1.5 predicted for next year? Can we make further predictions about consumer spending in relation to what was announced this morning (15% drop from analysts expectations concerning new home sales). And how do you feel and what will happen when more of the population realizes new home sales stay artificially high due to free upgrades rather than what should happen, price drops). How about when the population further realizes what is trully happening…Recession? </p>

<p>Hopefully this works</p>

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<p>The vast majority of homes sold are existing so the new sales really only impacts developers and their workers. The most overbuilt areas are concentrated in a few markets. RE is a LOCAL business so what happend in Vegas has nothing to do with Seattle prices. that’s what analysts used to looking at stocks miss. Some areas can suck while others boom. No recession unless they scare people into it.</p>

3

<p>I don’t know as much about other areas, but the Dallas real estate market is in great shape, and will continue to grow.</p>

4

<p>Well I have thought for a while that housing particularly in many urban areas has reached bubble level. I feel the overall effect in the economy will be decided by Wall Street, not Main Street. If Wall Street analysts and speculators choose to make housing a big deal, it will become a big deal. If they look the other way, I think we can proceed with a slow rate of growth. </p>

<p>I think many times Wall Street misses the big picture because it is too busy focusing on a few details. Only the future can tell how housing will effect the big picture.</p>

5

<p>You would think only certain mecca markets are affected, but i think otherwise.</p>

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<p>And in response to dallas. They can still spread outwards. There is no real limitation for that, the limitation lies within how far people are willing to travel for work. And with "satellite downtowns and corporate headquarters spread throughout, such as cities 20 + miles from downtown dalls like Plano, Richardson, etc, cities will continue to expand, especially North.</p>

6

<p>for those that read the news online or in papers, you should look closely at the words they are using. Semantics at its best</p>

7

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<p>Yep, unfortunately. However, the core urban area of Dallas is also growing since, on average, people are less compelled to live an hour away from Dallas as they once were.</p>

8

<p>I’m hoping for a real estate crash because it would open up to me the opportunity to do some real estate investing in NYC area. As of right now I couldn’t afford to purchase someone’s garage as a side investment.</p>

9

<p>A 1.46% default rate is well within the 2% range condiered normal. And the heavy use in Milwaukee County is probably due to the high minority population there. Many would not qualify for prime rates.</p>

10

<p>in two to three years, market will have a mini crash. Then it will rebound.</p>

11

<p>but why do you think that?</p>

12

<p>I was just browsing through old topics related to real estate, and found this. kind of interesting seeing what has actually happened.</p>

13

<p>Wow, he called it.</p>

<p>funnyman said in 03-29-2007, 05:08 PM

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14

<p>Basically there are 5 states that have way more housing market stability problems than any of the others. Those 5 are Florida, Michigan, California, Arizona and Nevada. There are areas (as VectorWega mentioned, Texas for example) where there is not a lot of defaulting and the biggest impact is a slowing of new construction, which is actually still going on in some places.</p>