The coming financial crisis

[PoopyfaceMcGee]

That actually isn't completely crazy.  I don't really buy it either, but it doesn't offend me as much as I would think it would.

[Phanatic]

The whole "crises" is reactionary.

[PhillyGirl]

Pontiac is done

[Father Demon]

That sucks.  My last two cars have been Grand Prixs.

[Diomedes]

A Sammy Hagar fan driving a Grand Prix?  No way!

[Tomahawk]

That does suck. Pontiac was the only division still trying to make cool cars like the G8. I wonder if that made the value of my dream car, 1969 GTO Judge, skyrocket

[Sgt PSN]

for no reason other than pure boredom, i wanted to see what the first page of this thread looked like and i found this. 

with all due respect this sounds like some y2k ish to me

igy gets +1 for pimping rajon rondo.  but gets -5 for his fiscal forecasting skillz. 

[PoopyfaceMcGee]

when the market hits rock bottom and if you have top notch credit would that be the ultimate time to buy a house (like romey said in like six months)

But he hit on this one.  +2?

[Sgt PSN]

no, because he was asking a question.  E

[Butchers Bill]

when the market hits rock bottom and if you have top notch credit would that be the ultimate time to buy a house (like romey said in like six months)

But he hit on this one.  +2?

Bottom would have been Feb 2008 in that "prediction".  Still a wee bit off.

[Sgt PSN]

since we're reminiscing. 

when the market hits rock bottom and if you have top notch credit would that be the ultimate time to buy a house (like romey said in like six months)

Assuming you know when rock bottom is, yes.  Many a person have lost fortunes guessing the wrong rock bottom.

I think the bottom in real estate won't come for another 24-36 months though.  This whole thing has to play itself out first.  I personally feel there will have to be a homeowner bail-out at some point (similar to the S&L's of the 1980's).  Bush actually mentioned the word bail-out today for the first time, saying he wouldn't support one, but he'll be gone when one becomes necessary.

out here, the market is pretty much at rock bottom right now.....about 4 months earlier than your prediction.  not too shabby.  of course, the market in the california desert is probably a lot different than in the northeast which is different than the gulf coast, etc, etc, etc.  but i've got friends and family all over and i hear mostly the same thing from everyone, that their real estate market has gone about as low as it's going to. 

i do think that it will be a while though until we see any significant increases in the real estate market though.  so if you're looking to buy a house and get in on it while prices are low, there's no need to rush.  that 200k house you're looking at today isn't going to sell for 275k six months from now.  people are starting to buy again but it's going to be a few years for those homes to start accumulating any real value. 

[Butchers Bill]

Gonna stand by my prediction...we have not seen the bottom yet, and will not until unemployment stabilizes and wages recover.  Even though there are some people finding jobs, there is incredible downward pressure on wages right now, further exacerbating the housing mess. 

This winter will be the time to buy, unless something unforeseen happens (another financial "surprise", international incident, war, etc.).

[Seabiscuit36]

Dec 2010 is the end

[Butchers Bill]

I thought it was 2012?

[Tomahawk]

when the market hits rock bottom and if you have top notch credit would that be the ultimate time to buy a house (like romey said in like six months)

But he hit on this one.  +2?

Bottom would have been Feb 2008 in that "prediction".  Still a wee bit off.

But still not a bad time to buy. If you keep waiting for the bottom, you'll miss it