Comments on: The Real Estate Bubble http://www.phoenixrealestateguy.com/the-real-estate-bubble/22 Phoenix Real Estate -- Anything and everything about it. Plus random musings... Now with Phoenix area MLS Listings Search! Thu, 04 Dec 2008 21:19:20 +0000 http://wordpress.org/?v=2.6.2 By: GASP! Median Values are Down! at The Phoenix Real Estate Guy http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-10918 GASP! Median Values are Down! at The Phoenix Real Estate Guy Wed, 11 Oct 2006 22:41:17 +0000 http://www.buygilberthomes.com/?p=22#comment-10918 [...] It never fails. The Arizona Real Estate Center at ASU just released median home value data. The values are down, so of course the Chicken Little media is crying “the sky is falling!” (again…) [...] [...] It never fails. The Arizona Real Estate Center at ASU just released median home value data. The values are down, so of course the Chicken Little media is crying “the sky is falling!” (again…) [...]

]]> By: More Media Bubble Hype…. at The Phoenix Real Estate Guy http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-6745 More Media Bubble Hype…. at The Phoenix Real Estate Guy Wed, 13 Sep 2006 06:03:31 +0000 http://www.buygilberthomes.com/?p=22#comment-6745 [...] Note to self and readers: LAST YEAR’S RECORD RUN-UP. Comparing today’s market to the insanity of last year simply isn’t fair. As we said here long ago, last years sales and appreciation rates COULD NOT be sustained. [...] [...] Note to self and readers: LAST YEAR’S RECORD RUN-UP. Comparing today’s market to the insanity of last year simply isn’t fair. As we said here long ago, last years sales and appreciation rates COULD NOT be sustained. [...]

]]> By: The Phoenix Real Estate Guy » Blog Archive » http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-2325 The Phoenix Real Estate Guy » Blog Archive » Thu, 13 Jul 2006 12:47:39 +0000 http://www.buygilberthomes.com/?p=22#comment-2325 [...] ieveif prices continue to rise (generally speaking). Yes, the RATE of rise has slowed, but as blogged here a long time ago, the appreciation rates we experienced in the past CAN’T continue . J [...] [...] ieveif prices continue to rise (generally speaking). Yes, the RATE of rise has slowed, but as blogged here a long time ago, the appreciation rates we experienced in the past CAN’T continue . J [...]

]]> By: Real Estate Loans http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-1524 Real Estate Loans Wed, 28 Jun 2006 12:28:42 +0000 http://www.buygilberthomes.com/?p=22#comment-1524 Liking this blog. You've done a good job. For those of you that like to give credit for a good job, check out The Home Mortgage Guide. If you own your home and need mortgage refinance help, they can get you their according to your individual, custom fit needs. Mortgage and Divorce is a no pressure place to get on the right path if you need credit card and bill debt consolidation. Liking this blog. You’ve done a good job. For those of you that like to give credit for a good job, check out The Home Mortgage Guide. If you own your home and need mortgage refinance help, they can get you their according to your individual, custom fit needs. Mortgage and Divorce is a no pressure place to get on the right path if you need credit card and bill debt consolidation.

]]> By: payroll taxes http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-345 payroll taxes Wed, 15 Feb 2006 14:18:03 +0000 http://www.buygilberthomes.com/?p=22#comment-345 Can I subscribe to this blogs feed? Ron. Texas Can I subscribe to this blogs feed? Ron. Texas

]]> By: Laser Cutting Service http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-343 Laser Cutting Service Tue, 14 Feb 2006 19:44:07 +0000 http://www.buygilberthomes.com/?p=22#comment-343 My name is Susan and I live in Orlando. Is there a way to get this blog feed in my email? My name is Susan and I live in Orlando. Is there a way to get this blog feed in my email?

]]> By: The AZ Real Estate Guy http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-290 The AZ Real Estate Guy Sun, 29 Jan 2006 13:49:32 +0000 http://www.buygilberthomes.com/?p=22#comment-290 Dave - Thanks for visiting and commenting! You're correct and make a great point. If I sold my home for $400K and bought another for $400K, I'd still have a $180K mortgage, *if* I put ALL the proceeds into the new home (Which isn't easy to do when they hand you a big fat check at closing. I can't tell you how many people tell us, "We'll put all the proceeds into the new home" and wind up spending 20, 50, 100K and more on new cars, college education, trips, etc. It takes a lot of discipline to roll those funds into a new home. And just 10, 20K can make a big difference). The drawback to selling and rolling proceeds into a new home in my particular situation is that I'd have a *NEW* $180K mortgage, as opposed to the one I have now that I've been paying on for 7 years. Since I have a 15 year mortgage, right now I've only got 8 years left. It's to the point now where I'm finally starting to pay more toward the principle rather than interest. With a new loan, I'd be back to several years of basically interest only payments. (I'd have a bigger tax deduction with a new mortgage, but I kinda like having my current mortgage with only 8 years left to payoff... If I had a 30 year mortgage, the time I've spent paying the existing one wouldn't be as significant.) It's tough to NOT project out that home value, but it's *really* important not to do it. It provides a false impression of your home's value, and if nothing else, sets one up to be disappointed. It won't be long until we hear people COMPLAINING because their house value "only" went up 10 or 15%... Now as for your Steelers.... I'm a life-long Bronco fan. And those Steelers made my Broncs look like a high school team. They are on an incredible roll, and if the same team shows up that beat Indy and Denver, then the Seahawks don't stand a chance. Good luck in the Super Bowl! Jay Dave -

Thanks for visiting and commenting! You’re correct and make a great point. If I sold my home for $400K and bought another for $400K, I’d still have a $180K mortgage, *if* I put ALL the proceeds into the new home (Which isn’t easy to do when they hand you a big fat check at closing. I can’t tell you how many people tell us, “We’ll put all the proceeds into the new home” and wind up spending 20, 50, 100K and more on new cars, college education, trips, etc. It takes a lot of discipline to roll those funds into a new home. And just 10, 20K can make a big difference).

The drawback to selling and rolling proceeds into a new home in my particular situation is that I’d have a *NEW* $180K mortgage, as opposed to the one I have now that I’ve been paying on for 7 years. Since I have a 15 year mortgage, right now I’ve only got 8 years left. It’s to the point now where I’m finally starting to pay more toward the principle rather than interest. With a new loan, I’d be back to several years of basically interest only payments. (I’d have a bigger tax deduction with a new mortgage, but I kinda like having my current mortgage with only 8 years left to payoff… If I had a 30 year mortgage, the time I’ve spent paying the existing one wouldn’t be as significant.)

It’s tough to NOT project out that home value, but it’s *really* important not to do it. It provides a false impression of your home’s value, and if nothing else, sets one up to be disappointed. It won’t be long until we hear people COMPLAINING because their house value “only” went up 10 or 15%…

Now as for your Steelers…. I’m a life-long Bronco fan. And those Steelers made my Broncs look like a high school team. They are on an incredible roll, and if the same team shows up that beat Indy and Denver, then the Seahawks don’t stand a chance. Good luck in the Super Bowl!

Jay

]]> By: Go Steelers!!! http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-289 Go Steelers!!! Sun, 29 Jan 2006 06:17:14 +0000 http://www.buygilberthomes.com/?p=22#comment-289 Regarding the sustainability of such high appreciation rates, I agree. I've told my wife that repeatedly every time she tried to project the value of our home out for more that a year or so. I have a question about your "closing math example," though. If you sold your home for $400K and bought another $400K home, wouldn't that more or less be a "push," assuming you take the proceeds of the sale and apply it towards your new home? (I'm not counting things like closing costs, etc.) Just curious. Dave Regarding the sustainability of such high appreciation rates, I agree. I’ve told my wife that repeatedly every time she tried to project the value of our home out for more that a year or so.

I have a question about your “closing math example,” though. If you sold your home for $400K and bought another $400K home, wouldn’t that more or less be a “push,” assuming you take the proceeds of the sale and apply it towards your new home? (I’m not counting things like closing costs, etc.) Just curious.

Dave

]]> By: Arizona Real Estate Blog » Blog Archive » Bubble Mania http://www.phoenixrealestateguy.com/the-real-estate-bubble/22#comment-256 Arizona Real Estate Blog » Blog Archive » Bubble Mania Sat, 21 Jan 2006 14:35:31 +0000 http://www.buygilberthomes.com/?p=22#comment-256 [...] ates continue at the staggering rate of last year?  Again I’ve already provided my opinion on that. (They can’t..)   Greenspan coined the term “irrational exuberance&#82 [...] [...] ates continue at the staggering rate of last year?  Again I’ve already provided my opinion on that. (They can’t..)   Greenspan coined the term “irrational exuberance&#82 [...]

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