Comments on Fund My Mutual Fund: The Housing Bear Who Finally Got it Right

That'd be really nice!

2008-03-04T14:50:30.657-05:00

That'd be really nice!

Raphael, with your currency and where CA prices wi...

2008-03-04T14:04:57.448-05:00

Raphael, with your currency and where CA prices will be in 2 years, you can probably buy a vacation home quite cheaply circa 2010.

Sheng, thanks for the viewpoint on the ground. It is all relative - we had no boom in MI either in home prices but we've had a huge bust so count yourself blessed ;) I also think farmland values will only continue to rise. Mostly, as the rural workers and owners gain more wealth I expect the service economies (anything from car dealerships to dog grooming to antique shops) to thriva relative to what will be happening in other areas tied to the domestic US economy. So it might slow down but rich farmers help the whole community I think. (relatively speaking again)

I live in the heartland. About 10 minutes from War...

2008-03-04T13:25:53.342-05:00

I live in the heartland. About 10 minutes from Warren Buffet. It's starting to come down a bit here. More inventory, more foreclosures, and less people looking to buy. The price has come down just a tad. Of course, there was no huge housing boom like the rest of the U.S. In Orlando, I've seen about a 20% drop in condos in the past year. It's hurting bad out there. I would sell but I don't think there's a buyer even at a very low price. I will hold on to it and wait the 8 years ;)

Oh my gosh! This is great. I am from Switzerland b...

2008-03-04T12:25:29.494-05:00

Oh my gosh! This is great. I am from Switzerland but worked at the Sonoma County Economic Development Board, California in 05/06 and we had this huge event were we invited Chris Thornberg as a speaker. The topic was "Real Estate and the California Economy". It was one of the best speeches I ever heard and was the first time I heard about the US Housing Bubble...You can still find his slide on the EDB website (http://tinyurl.com/32fcj4). Check out slide 16. Great that this guy finally gets the attention he deserves. On the other hand, now I miss California again...