tag:blogger.com,1999:blog-8549883549808884582.post6436503539523902930..comments2023-11-03T06:39:28.481-04:00Comments on NJ HELOC Heaven: When is a good time to buy?NJHHhttp://www.blogger.com/profile/14960316007304106542noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8549883549808884582.post-21153578210461020852008-09-16T15:10:00.000-04:002008-09-16T15:10:00.000-04:00You're always going to find people that think it's...You're always going to find people that think it's a good time to buy. People want to be optimistic and think they found a property at a good deal or that in the long run it'll even out.<BR/><BR/>When the word subprime first started getting major news attention, people were told that it would be limited to some of the lenders that dealt in more risky loans, then the news finally reports that it's more than that. Then we're told that well it's just a small fraction and it shouldn't be a big deal and that turns out not to be true either. Since then we've had major losses and failures in the banking/wall st sector.<BR/><BR/>In Bergen County, 2007 sales volume was similar to 1996 and 2008 volume may be similar to 1991.<BR/><BR/>This bubble was allowed to go for too long and it's not just going to deflate, it's exploding and we're seeing the first results of that.Anonymousnoreply@blogger.com