Predict housing market in 4-5 years from now...

[Scream2Death]

will there be a huge bubble again in 4-5 years from now?

[BKOnce]

No.. nobody is stupid second time.. but different SOAP kiddie bubbles maybe (they still make them)

[HHM]

What would cause a bubble in 4-5 years time.

I don't think so. Main reason, I just don't think we will see the easy sort of mortgages made available that ultimately led to the current problem.

[Carter]

I'm in a chapt 13 because of my house being foreclosed on from a 1st and 2nd ARM in 2007. I am feeling the effects of the beginning of the mess with the mortgage burst! I am so angry I let this happen to me! Will I ever be able to buy a home again? Right now I see no light at the end of the tunnel! Our loan officer ruined my life!!!!!!!!

[Flamingo]

Credit as it once was will probably never be like that again. Brokers/banks got greedy making a fortune off of folks such as Carter (posting above) and folks such as Carter wanted a home but really could not afford what was offered to them by the greedy brokers/banks. When the payment went up and home values went down everything just slid down the black hole for all the Carters out there and the brokers/bankers pocketed billions during the several years prior to the bust. It's really nice to know that folks became super rich off of all this while we struggle with declining home values, lost jobs and 401(k)'s that have lost thousands if one had a nice sum in there.

It will be difficult over the next several years to get a mortgage and it will take a while for this market/economy to recover. Those facing retirement within the next five years and those now in retirement will suffer the most. Those younger will be able to recoup some of the losses and it was a lesson hard learned for everyone.

[Logan]

I'm in a chapt 13 because of my house being foreclosed on from a 1st and 2nd ARM in 2007. I am feeling the effects of the beginning of the mess with the mortgage burst! I am so angry I let this happen to me! Will I ever be able to buy a home again? Right now I see no light at the end of the tunnel! Our loan officer ruined my life!!!!!!!!

It's the loan officers fault? What if he/she told you to jump off a bridge?

[AngelinaCatHub]

I'm in a chapt 13 because of my house being foreclosed on from a 1st and 2nd ARM in 2007. I am feeling the effects of the beginning of the mess with the mortgage burst! I am so angry I let this happen to me! Will I ever be able to buy a home again? Right now I see no light at the end of the tunnel! Our loan officer ruined my life!!!!!!!!

I predict

[Scream2Death]

thanks everyone for the input, i'm trying to save up along with my fiance , and i was afraid in 4-5 years houses will be back up to crazy levels

[HHM]

thanks everyone for the input, i'm trying to save up along with my fiance , and i was afraid in 4-5 years houses will be back up to crazy levels

Not gonna happen. There just won't be the available funds to drive up prices.

Keep in mind, unless you are a real estate investor, you buy a home when you can afford it. Trying to buy a home at the "bottom" of some market is not going to get you anywhere. Also, if you buy a home with a long term mindset, then you don't really need to worry about the 8 year cycles.

[bcvw]

Remember the the old saying "There's no bad time to buy a home"?

It seems that buying in the past few years was a "bad time" to buy a house.

Going forward is a much better scenario.