January 1, 2012

Good Riddance to 2011

imageHappy New Year 2012!  We’re SO DONE with 2011, and don’t have to hear any more Negative Nancy Nay-Saying about the housing market!

Besides, if you’ve been paying attention, you already know that all that housing bear news you’ve been hearing from the usual suspects doesn’t even APPLY in the Real Bay Area!  Things in the RBA could not be better, and 2012 is the year that market conditions start TRICKLING DOWN for everyone to enjoy.

Let’s examine some of the excellent conditions in place for you to BUY OR SELL A HOUSE THIS YEAR.

imageFirst, there will be PLENTY OF FORECLOSURES.  This is a GOOD THING because it will ensure PLENTY OF INVENTORY to choose from.  That means PLENTY OF OPPORTUNITY for you!

INTEREST RATES on mortgages will remain low.  Or maybe they will quickly rise.  LOW rates are good because you can buy MORE HOUSE.  Rates going up are GOOD because you can lock in today’s low rates and laugh at the LOSERS who waited.  But you’d better lock them in TODAY.

Why are you still reading this?  Go LOCK THEM IN!  Get going and BUY A HOUSE!

JOB CREATORS won’t get their TAXES RAISED no matter what Obama says.  As long as Wall Street continues OCCUPYING THE FEDERAL GOVERNMENT, there’s no chance of any millionaire tax.  And even though banksters don’t create that many jobs (heck, they just use all that cash as insulation in those drafty castles), fewer jobs means YOUR MONEY WILL GO FURTHER because you won’t have much competition.  And if you don’t have any money then why the heck are you reading a real estate site?  Go look under the couch cushions, you can probably find something.

imageMeanwhile, the EMPLOYMENT OUTLOOK shouldn’t have anything to do with home prices.  If you have a job, buy a house!  If you don’t have a job, it won’t be long before another bubble, and you’ll be able to buy a house with a no-doc loan!  You can fog a mirror, can’t you? 

HOME PRICES FORECAST: RBA Real Estate only goes UP UP UP!  Non-RBA Real Estate is not worth considering, so save up for the RBA.  Real Estate in areas that aren’t even in the Bay Area?  Choose wisely, knowing you’re probably going to lose it all.

This is an Open Thread.  What are your predictions for 2012, other than the world will end?

Comments (10) -- Posted by: madhaus @ 5:08 am

10 Responses to “Good Riddance to 2011”

  1. Divasm Says:

    I like the California map, with one correction: where it says “old people” it should say “responsible for electing Dubya.”

    My New Years Resolution is to buy a house in the RBA every month and sit back and watch my instant equity make me a bigger millionaire than Facebook employee #25. Except in Millbrae, because I dumped that no good RBA poser. Anyone else?

  2. SEA Says:

    “Rates going up are GOOD because you can lock in today’s low rates and laugh at the LOSERS who waited. But you’d better lock them in TODAY.”

    And home prices are totally independent of interest rates. Home prices keep doubling every 10 years, and with rates at historic lows, how much more will you have to pay if you wait? NOW clearly is the RIGHT TIME TO BUY. Can you think of a better time?

  3. Charles Says:

    Best Burbed post of the year!

  4. * Says:

    > Best Burbed post of the year!

    that’s very debatable!

  5. madhaus Says:

    Nothing I could have posted is better than this one!

    Happy 2012, everyone.

  6. The Gilroy Alex Says:

    Indeed, a good 2012 to everyone! Even RE, the ratbastard.

    This year is starting out weird. And by weird, I mean, I seem to have some work at decent pay. I can’t say I’ve been chasing it either, it’s sort of been chasing me.

    This year I started out keeping track of every penny in and every penny out. It’s not hard when a busy month may take up 1-1/2 sheets of notebook paper. Now I know exactly what I made, how, and where it went.

    I think I made about $3k in 2010, but I don’t know because I wasn’t keeping records. Now I know I grossed $10k this year. which is amazing money in a Depression. I really hustled.

    Will 2012 be better, money-wise? Maybe.

  7. ms Says:

    #2: 2013 is a better time to buy.

    #1: My resolution is to buy with FHA loans, flip on HUD rehab loans, enjoy rental income from Section 8 and enjoy instant equity when the renters buy, buy, buy on Section 8 Homeownership.
    Free instant equity all the way.
    What could possibly go wrong?

  8. Kavin Matthews Says:

    I just visited your site (burbed) from google.
    The articles of your site is really worth reading. The quality of your content is excellent.

    I would like to contribute some idea to your viewers as a guest blogger.My article would be unique and will be published only in your site.

    Please let me know your thoughts. Will wait for your response

    Reach me at : kavin(dot)matthews @ gmail[dot]com

    Thanks & Regards,
    Kavin Matthews

  9. SEA Says:

    “Nothing I could have posted is better than this one!”

    Sounds like lower quality posts in our future.

  10. A. Lewis Says:

    My favorite quote from “Something about Mary”:

    “Each day is better than the next!”

    Great post.

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