Stop gloating over declining home prices - it hurts

[fearless9]

Quote from TrendSailor:

Not so fast. There are a few of us in the reserve unit just waiting to be called into action.
Voila - the day is saved after all.
TS

Well written and well thought through dear boy.
Are you referring to the Military / Industrial / banking complex as the US?

If you are hoping to include the US middle class, please put that silly notion aside as they are all tapped out and now being replaced by other emerging middle classes.
And it is the MC who hold the RE

Hence my statement stands " RE is a runaway train......"

 

[walterjennings]

Is there a security thats derived from the housing market? Can you hedge your housing assets against the market until the correction is over?

 

[wilburbear]

Quote from Enfinity:

The new Ritz going in on Michigan Ave. is only 40% sold last time I checked...

900 North Residences STILL available...
Trump...available
Sangri La...available
Mandarin...available

Those would be the premier residences going up in Chicago.

A recent ride going north on Sheridan Road in Chicago, revealed a "For Sale", or "Open House" sign on every block in Rogers Park. The next neighborhood north - Evanston - is the beginning of Chicago's swanky "north shore". Evanston had nearly as many "For Sale" signs. The next neighborhood is Wilmette. 3 houses for sale there, on my brother-in-law's street of 12 houses. 2 people waited too long for a high price, and, unfortunately, the third had his engineering job shipped overseas.

 

[ratboy88]

Quote from walterjennings:

Is there a security thats derived from the housing market? Can you hedge your housing assets against the market until the correction is over?

futures contract

 

[davesaint86]

I guess it depends where you live. Sound my house in St. Louis in June. Was on the marke tfor 3 weeks.

 

[ratboy88]

Quote from davesaint86:

I guess it depends where you live. Sound my house in St. Louis in June. Was on the marke tfor 3 weeks.

what did it sound like?

 

[zdreg]

Quote from davesaint86:

I guess it depends where you live. Sound my house in St. Louis in June. Was on the marke tfor 3 weeks.

was the sound louder than an orgasm?

 

[mushinseeker]

WTf is all this talk about housing going down. I am looking at a 600k in CT Thanksgiving week and there are 3 offers all coming in this week.

Where is the housing burst when you need one...lol

 

[zdreg]

2nd rule of real estate.

all real estate is local.

 

[crackedback]

Quote from zdreg:

2nd rule of real estate.

all real estate is local.

Exactly!!!

Quote national all you want, but, NOBODY lives nationally.

It's a local market, always has been.