I am loving the overinflated housing market coming back just before I'm ready to buy a house.
I'm ready to buy a house too, but I don't want to buy one and then have the value plummet. Is this market going to drop relatively soon? Obviously no one knows the exact answer, but I'm assuming you guys are more educated on this matter than I am.
Whoa, chill bro... you know you can't raise your voice like that when the lion's here.
I for one couldn't be happier that the real estate market is finally correcting itself. I'm a couple of years from being able to afford a home again and I'm loving the fact that houses that once cost $600,000 can't even sell for $400,000. Homes are still ridiculously priced in NJ put the prices are starting to drop significantly. Hopefully by the time I am ready to buy the housing market will still be on it's downward trend.
"When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
I'm trying to sell my house right now and am having absolutely ZERO interest. Its been on the market two months and there hasn't been one person who expressed interest in making an offer. ALL of the houses in my area are the same way... up for sale for a year or more.
Oh, and I'm still trying to figure out what a real estate agent does to get 6%? Anyone know?
Don't they teach economics at Millerville (Division II football powerhouse!) ?......if people started lowering the asking prices, they would sell!
I for one couldn't be happier that the real estate market is finally correcting itself. I'm a couple of years from being able to afford a home again and I'm loving the fact that houses that once cost $600,000 can't even sell for $400,000. Homes are still ridiculously priced in NJ put the prices are starting to drop significantly. Hopefully by the time I am ready to buy the housing market will still be on it's downward trend.
Yeah, we are talking about buying a house in a year or two, and this downturn has come at a great time. Even if it's over in a couple of years, the prices should still be lower than they are now. Home prices were getting out of control for most people.
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Too bad there isn't a High School Class that teaches kids how Credit Cards and Home Mortgages and Escrow and Interest Rates work. That way, when they grow up to become adults, they might have a better handle on that whole 'Live Within Your Means' thing going. And that if you are making $22,000.00 a year... you won't be able to afford that $350,000.00 home unless you plan on cutting out everything else in your life and just work and sleep and eat Top Ramen for a few years.
They should make it a Pass or do not Graduate Curriculum, too.
Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
Hail, Hail!!!
There has been some discussion about the economy in the cramer thread. But what i wanted to talk about is the falling housing market. its hurting the economy...and my own take on it is that it is too inflated. The price of homes has gone up excessively high the last several years...and I think the market is just adjusting to that. A home that was $200,000 5 years ago is now $450,000. I just don't think these homes are really worth that. And I think it is beginning to show. People are defaulting on their massive mortgages...and banks are being left w/ a house they don't know what to do with. I think this is really the basis for a lot of the scare...and the market going into somewhat of a downturn.
I'm not an expert by any means...but it is clear the housing market is hurting...what are people's thoughts?
ive been telling people...when you let corporations in your neigborhoods..that arent even located anywere near your state...when you allow these people to buy up land...put hundreds upon hundreds of cookie cutter houses, all selling for well over 250,000 dollars in an area that will eventually be the suburbs or poorer part of town..wellll they build these homes movei n people who cant afford them and get the fuck out... wait for 10 years... a 250,000 dollar house built in a former florida swamp is not a good investment suckers....hahahaha also.... its easy for republicans to say the percentage of americans who own a home has increased dramatically...of course it has...when you turn your local apartment complex into 'condos' and call them homes... they are tricksters...the number of manufacturing jobs has nearly doubled also under bush the genius..how is this possible... mcdonalds employees are now know as manufacturers of food product.
laughable man
enjoy the rip off stucco...cuz your stuck ho.. sorry that was lame
but seriously... can you blame miranda homes? there are so many suckers here.
Comments
http://biz.yahoo.com/cnnm/070810/080707_jumbo_jam.html?.v=5&.pf=loans
Ft Worth 9-15-23
Hartford 5-13-06, 6-27-08, 10-25-13
Mansfield, MA 6-30-08, 6-28-08, 7-2-03, 7-3-03, 7-11-03, 8-29-00, 8-30-00, 9-15-98, 9-16-98
Worcester 10-15-13, 10-16-13
I'm ready to buy a house too, but I don't want to buy one and then have the value plummet. Is this market going to drop relatively soon? Obviously no one knows the exact answer, but I'm assuming you guys are more educated on this matter than I am.
Don't they teach economics at Millerville (Division II football powerhouse!) ?......if people started lowering the asking prices, they would sell!
Yeah, we are talking about buying a house in a year or two, and this downturn has come at a great time. Even if it's over in a couple of years, the prices should still be lower than they are now. Home prices were getting out of control for most people.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
They should make it a Pass or do not Graduate Curriculum, too.
Hail, Hail!!!
ive been telling people...when you let corporations in your neigborhoods..that arent even located anywere near your state...when you allow these people to buy up land...put hundreds upon hundreds of cookie cutter houses, all selling for well over 250,000 dollars in an area that will eventually be the suburbs or poorer part of town..wellll they build these homes movei n people who cant afford them and get the fuck out... wait for 10 years... a 250,000 dollar house built in a former florida swamp is not a good investment suckers....hahahaha also.... its easy for republicans to say the percentage of americans who own a home has increased dramatically...of course it has...when you turn your local apartment complex into 'condos' and call them homes... they are tricksters...the number of manufacturing jobs has nearly doubled also under bush the genius..how is this possible... mcdonalds employees are now know as manufacturers of food product.
laughable man
enjoy the rip off stucco...cuz your stuck ho.. sorry that was lame
but seriously... can you blame miranda homes? there are so many suckers here.