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Housing Rolling Along 2
- Thread starter Covertibility
- Start date
Quote from onewaypockets:
Wow...after over two years Convert is here still trying. At least you are not trumpeting the latest DHI press releases anymore! (remember my post about DHI, "watch out when this POS breaks"....well it did, along with all the rest of your favs).
Anyway, median prices are BUNK...absolute bunk. The mix of housing sold is being skewed toward the upper end. Right now those FB's can still qualify because they are trading up, the lower end is dead (the last buyer left standing is not there).
The feel on the streets is far different than your NAR press releases, even in the northeast.
http://www.gloucestertimes.com/punews/local_story_236093921?page=0
âThirty-three condos at Pond View Village that couldnât be sold at full price and were pulled from a crumbling market earlier this year will be discounted and offered for sale again this fall, the owner-developer and the representative of major private lenders said yesterday.â
âWith the markdowns, Joseph Flatley, CEO of the investment corporation, said he expected the consortium, including Bank of America, âto take significant losses.â âWeâre going to take a hit on this and itâs going to be substantial,â he said.â
ââWeâve never had a loss in our 17 years - this is the first,â he added.â
âFlatleyâs company will decide the new, discounted price for the 33 units, whose sale was projected to provide much of the cash flow to repay the loans. The units were offered at an average price of $289,000 before they were pulled from the market.â
âBuyers will benefit from his consortiumâs losses, Flatley said. âYou sell it for what you can,â he said. âWeâll have to reduce the prices significantly.
My take,â said Sen. Bruce Tarr, âis itâs a terrific project caught in a market collapse. Now all parties are trying to make it fit into the requirements and get it sold.ââ
Rofl, children out there, this above poster said that working for a private company is more honorable than working for a public one. Has anyone ever heard of such a thing? And when asked what company the above poster worked at that, he didn't answer. Can anyone name an honorbale company?
And whats the expected decline in housing to be this year, a few percentage points? Wow, what happened to that crash from the above poster along with the other apartment dwellers who started a few too many threads on this site over the past 3 years? And DHI along with the other HB's were such easy trades at the time I mentioned them, some even doubled in that short period. I notice the title of the site is "trader" not "self proclaimed worker at honorable job because I couldn't get a real job with a real company but as long as I proclaim the company the place I work at as honorable, I know I can fool myself into thinking my life is worth living."
Quote from QQQBALL:
maybe you can apply for welfare & get free food and housing too?
geez, people are absolutely amazing. earth to vinny - its not "free", you just want someone else to pay for it.
worthless hump.
If the illegals in this country can get free healthcare, I'm hoping other countries in Europe can offer that as well, especially if you purchase a home there.
By the way, if one is vacationing in a foreign country and an emergency happens, who pays for the doctor or hospital visit, assuming that you do have to pay and don't have enough or any money?
Quote from Vinny1:
If the illegals in this country can get free healthcare, I'm hoping other countries in Europe can offer that as well, especially if you purchase a home there.
geez:eek: yeah, i can see the signs at the airport. "This week only, free lifetime health care with every home purchase." like i said, you just dont want to pay for it. i say bon voyage to you and every other worthless hump trying to get someone else to pay for their liabilities, while they decide how to spend their money solely on themselves (home purchase).
dont go to mexico... they demand cash up front, and if you die, they will go and walk your casa off into the sunset (brick-by-brick if necessary).
we're done
Quote from Vinny1:
I would pay for health insurance in Europe; I'm sure that it would be really cheap, but I'm not sure if there even is such a thing as health insurance in a country that has socialized medicine.
Any Europeans out there that know?
i have blue cross. i pretty sure they cover me in certain foreign countries; i'm pretty sure i saw a list of countries and participating hospitals or docs at one time a good insurance agent can cover that for you. i'd be real careful about cancelling any existing coverages, particularly if you have pre-existing conditions.
Only people cheerleading RE now are realt-whores.
In my area prices are down 40% from peak and still diving. 430 sold last month and 9000 units on the market... Yep that's vibrant.
Low end is DEAD! Only places that sell are the high end. The tree is/has toppled here.
In my area prices are down 40% from peak and still diving. 430 sold last month and 9000 units on the market... Yep that's vibrant.
Low end is DEAD! Only places that sell are the high end. The tree is/has toppled here.
Around the corner from me there is a house that sold for 440k on 12/14/2007. It had previously sold for 631k on 2/14/2006 ! Someone took a solid 30% hit.
Houses on my street are declining at 8-12k a month according to Zillow. Ouch.
Nice to read back on this thread on the posters that nailed this decline and the BS behind this sham of a housing bubble, and the others that bought into the whole thing...hook, line, and sinker. OWP
Houses on my street are declining at 8-12k a month according to Zillow. Ouch.
Nice to read back on this thread on the posters that nailed this decline and the BS behind this sham of a housing bubble, and the others that bought into the whole thing...hook, line, and sinker. OWP