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Seattle Bubble Forum Archive • View topic - SEattle Times explanation for market defying economics

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SEattle Times explanation for market defying economics

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SEattle Times explanation for market defying economics

Postby GetMeTheHellOutOfCA » Thu Jun 07, 2007 8:20 am

Why do prices prices continue to rise when supply rises? Times claims buyers can trade up and buy more home.

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Postby Jazen » Thu Jun 07, 2007 9:14 am

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Postby deejayoh » Thu Jun 07, 2007 10:42 am

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Postby femto » Thu Jun 07, 2007 11:10 am

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Postby biliruben » Thu Jun 07, 2007 11:15 am

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Postby S-Crow » Thu Jun 07, 2007 11:31 am

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Postby Jazen » Thu Jun 07, 2007 3:56 pm

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This article is actually better than most

Postby george » Thu Jun 07, 2007 7:04 pm

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Postby phinneygirl » Thu Jun 07, 2007 7:41 pm

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Postby S-Crow » Fri Jun 08, 2007 7:57 am

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Postby mike2 » Fri Jun 08, 2007 8:53 am

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Postby phinneygirl » Fri Jun 08, 2007 10:54 am

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Postby S-Crow » Fri Jun 08, 2007 12:48 pm

Phinneygirl,

Patience can pay handsome dividends.
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Postby uptown » Fri Jun 08, 2007 12:48 pm

phinneygirl -

I know plenty of people who bought at the top of the last California boom. All managed to come out of it with large profits. The trick is none were heavily leveraged (20% down was the norm), and all bought in very good areas, but not the most expensive.

The funny thing about bubbles is that all boats rise together, even a POS will be priced like it's best neighbor; which in a normal RE market would not be true.

Enjoy your new home.
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