Crib Chatter’s Upcoming Holiday Schedule
There will be no new posts on Monday, December 26 and Monday, January 2, 2012.
Those are the days when most people will have the day off of work so Crib Chatter is going to take a break too.
We’re at the time of the year when we’ll be chattering about what will be the biggest stories of 2012.
Any ideas?
In the past,some of the “biggest” stories have been:
- Flips
- Foreclosures in high rises
- What would happen to all the new construction condo high rises (they became rental towers!)
- Condo auctions
- Last year we chattered about the increasing number of short sales
Will 2012’s biggest story be the end of the housing bust???
Happy Holidays everyone.
Thanks for checking in on the comments, sending me tips and all of your other contributions in 2011.
Sabrina
“Will 2012?s biggest story be the end of the housing bust???”
I think the biggest story will be, what kind of crazy crap is Obama going to try to pull to save the mortgage/housing/job market to get re-elected
And like I have been saying, mortgage rates will be below 3%, maybe not next year but, within 3 years
Thanks for another year of great blogging!
I think the most important (yet underreported) story of 2011 was the MERS mess and the failure of the State Attorneys General to come up with a settlement with the major banks for mortgage/foreclosure fraud. This will greatly compromise property titles for the foreseeable future.
For 2012, I think there will be more documentation of historic bank fraud in packaging mortgage backed securities.
I for one want to know what will come of MPO west. It is just sitting there empty. Who is paying for the staff, heating and cooling, maintenance and all? You’d think the bank or the developer will either do an auction or go rental.
Oh and happy holidays everyone and hope 2012 will be a wonderful year for everyone!
I think 2012 will finally be the year when we start seeing a turnaround in the housing market. Truly, I believe this.
2012 will bring QE3 and even lower interest rates as well as rising prices on just about everything but real estate.
I think the biggest story in Chicago real estate next year will be the changing demographics of many neighborhoods.
2012 will signal another round of noise from our chronic bottom callers. See above – it’s already begun!
2012 will be another year of lower rates and prices, with no turn around in sight.
2012:
Failure of Euro.
Rioting in Chicago during NATO/G8.
JP Morgan implicated in MF Global failure.
Further drop in housing prices within Chicago.
Anyone notice that Suntimes new owners are allies of Mayor Emmanuel? The 1st Estate and the 4th Estate are in cahoots.
Place your bets. Who buys a house first Icarus or homedelete
I think 2012’s biggest story will be
“Chicago Doctor found dead in Lamborginihi, in apparent auto-erotic self-asphyxiation accident”
““Chicago Doctor found dead in Lamborginihi, in apparent auto-erotic self-asphyxiation accident””
What’s a “Lamborginihi”? Oh – and because of the damn economy I am going to be selling my Lamborghini this spring!!!! FML
I vote for you Icarus. What would homedelete have to complain about if he actually bought a place? Not ever finding a place he likes at a price that is low enough for him is almost part of his identity. 🙂
“Not ever finding a place he likes at a price that is low enough for him is almost part of his identity. ”
That, and peeing sitting down.
“What’s a “Lamborginihi”?”
It’s as close as I can get to spelin anythn over 5 letters, when the weed mixes with the 100 degre days.
You can’t run with the big dogs if you pee like a puppy.
Well, at the end of 2010 one of my predictions that I posted here was that 2011 would be the year the shadow inventory overhang came on to flood the market and caused a large dip in prices. That apparently did not happen in 2011, so I’m going to commit to the definition of insanity and predict, once again, that 2012 will be the year that shadow inventory comes out of the dark and floods the market, with another large dip in prices. I’ll probably be wrong again …
It’s nice to see all is quiet on Christmas Eve this year (better than last year when I had to delete like 50 comments when everyone was freaking out!)
Maybe it’s this lovely weather? It’s so beautiful out.
Merry Christmas everyone!
Merry Christmas Sabrina and to all a good night.
On groove, on homedelete, on westloople, on Jenny, on anon, on muumuu, on Bob sand onward Clio
Clio – I’ll buy your Lambo this spring. Makes me smile just thinking about it. Ill drive it every day (warm ones at least) and enjoy every moment.
Then everyone can hate me thinking that I’m one of those damned 1% people that actually make money and are rewarded by the market. Rise up America and continue to hate those Idiots that succeed. We should punish them, sneer at them in public parks, hate them for creating jobs, and tax them until they give it all back. We need those gains to go directly to the uneducated, lazy, baby producing deadbeats that don’t want to work hard!
That will be the big story of 2012! Damn those producers.
“Clio – I’ll buy your Lambo this spring. Makes me smile just thinking about it. Ill drive it every day (warm ones at least) and enjoy every moment.”
It’s a deal!!!!!
Case Schiller numbers this Tuesday morning. It’s a Christmas gift for first time homebuyers from mr market.
Predictions for 2012
– Rental investing will get hotter – both small and large cash investors will start buying up rental properties all over the city driving rent prices up in all of the border GZ neighborhoods. Because of this, the market for condo conversions will heat up again towards the end of the year.
– Short Sales volume will spike as they will continue to become more socially acceptable for homeowners who fear that they will never recover their equity. The process will remain a huge inefficient mess.
– Several Chicago real estate agents will face charges for fraud involved in distressed sales
– Financing will continue to be difficult to come by and condo/home sales will drag for most of the year
– The far west and south sides will continue to depreciate as they fall into further disrepair