California leads nation in foreclosures

Quote from S2007S:

near me most houses have been on the market for months. Some even reducing prices by 10%...still sitting there.
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The marketplace will go through a period where sellers stubbornly hold out for their desired price, and potential buyers hold out for a drop in price.

After a while, one group will cave. I suspect it will be the sellers, initially.
 
same here...they're definitely sitting longer then they used to...then again anytime that houses are being sold in mere weeks, if not days, you know won't last very long as is...
 
Had dinner with my tax attorney last week. In my city (one of the top 5 in the U.S.), most of the remodelers and the "flippers" are now "underwater", and net losers on their real estate investments. It may be wise to delay real estate investments until the speculative supply is partially reduced.

Best in '07,
W
 
Quote from wilburbear:

"... It may be wise to delay real estate investments until the speculative supply is partially reduced.

Best in '07,
W
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That may be one H-U-G-E understatement!
 
Quote from crackedback:

I think you mean eastward.
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No, he means Westward.....that way they can all go drown themselves in the ocean (not you ByLo). :)

Stupid liberal tree hugging hippie douchebags who vote to give more rights and assistance to ILLEGAL aliens than hard working Americans.
 
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