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EZCORP, Inc. Message Board

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  • qofaslave69 qofaslave69 Aug 20, 2006 12:00 PM Flag

    Cutie

    I don't know where you live, but the "bubble" in housing has already been deflating for some time now. Mortgage applications are way down, and inventory is way up. Home sales in our area (California) are down 31% fromlats July! It is a "buyer's market."
    Those who have nice homes with equity don't have to worry. The people in trouble are the ones with ARM and negative ammortization loans.
    If you think the homes are going to depreciate 20% I think you are wrong. We are looking at a soft landing. Homes will still appreciate, but at a much slower rate.
    I look at a home as a place to live, and not an investment! You can make more money in the stock market!

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    • " Mortgage applications are way down, and inventory is way up. Home sales in our area (California) are down 31% fromlats July! It is a "buyer's market.""

      This is *nothing* compared to real real estate bear markets.

      "If you think the homes are going to depreciate 20% I think you are wrong. We are looking at a soft landing."

      At the peak of the bubble, how much were homes overpriced? That's how much prices have to fall to restore equilibrium.

      "I look at a home as a place to live, and not an investment! You can make more money in the stock market! "

      It's not a practical investment because housing is not liquid. But try to sleep on the floor of the NYSE and see what happens.

 
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