J0E Posted February 5, 2008 Report Share Posted February 5, 2008 Don't you just love how the media makes a mountain out of a mole-hill? So yeah...many towns across the country which were already shit-holes got hit with record foreclosure rates due to people living beyond their means and mortgage-brokers who played them like a flute. Does that mean the entire real-estate market is practically dead? Not in the slightest. My neighbor’s house was just sold after being on the market for two days. They will close escrow soon, but I know for a fact it sold very close to the asking-price of $10.9, if not more. http://www.3250ralstonavenue.com/But no...we're in a severe credit-crunch. Damn you George Bush! :angry: Link to comment Share on other sites More sharing options...
ErikS Posted February 5, 2008 Report Share Posted February 5, 2008 :lol: You're always good for a laugh Joe, like an overdue beer shipment; 6 months late and a couple bottles short of a six pack. Link to comment Share on other sites More sharing options...
The Big Tuna Posted February 6, 2008 Report Share Posted February 6, 2008 the house next to you is not typical by any means, thats insane. on the island that i live on there are over three hundred houses for sale (there is usually around 110) including two of our neighbors. basically all the people that are good with money managment, people that refinanced at the right time, or as you stated people that are not living outside of their means are OK. but those people are few and far between Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 6, 2008 Report Share Posted February 6, 2008 Don't you just love how the media makes a mountain out of a mole-hill? So yeah...many towns across the country which were already shit-holes got hit with record foreclosure rates due to people living beyond their means and mortgage-brokers who played them like a flute. Does that mean the entire real-estate market is practically dead? Not in the slightest. My neighbor’s house was just sold after being on the market for two days. They will close escrow soon, but I know for a fact it sold very close to the asking-price of $10.9, if not more. http://www.3250ralstonavenue.com/But no...we're in a severe credit-crunch. Damn you George Bush! what are you stupid?regular priced houses are not selling... if someone wants to spend that much on a house... then it will sell fast.there is a problem when houses are priced in the 1 millions like around me... this house is 1.2 million.. so are the other 45 around me. Link to comment Share on other sites More sharing options...
Che'_Moderator Posted February 6, 2008 Report Share Posted February 6, 2008 Been flipping houses the last two years and I will say this.Houses under 350k sell FASTHouses over 1 mil sell FASTEverything else you are hosed. There are more people every day. And last time I checked they need houses. You guys here are bias though as most of you live in houses 350-500k. Those houses are hard sells right now. Link to comment Share on other sites More sharing options...
Kashif Posted February 6, 2008 Report Share Posted February 6, 2008 Who cares? Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 6, 2008 Report Share Posted February 6, 2008 Been flipping houses the last two years and I will say this.Houses under 350k sell FASTHouses over 1 mil sell FASTEverything else you are hosed. There are more people every day. And last time I checked they need houses. You guys here are bias though as most of you live in houses 350-500k. Those houses are hard sells right now.eh depends on the location... but you knew that ;) Link to comment Share on other sites More sharing options...
Dmsee Posted February 6, 2008 Report Share Posted February 6, 2008 They stopped building 300K+ houses over here Link to comment Share on other sites More sharing options...
Brickster151 Posted February 6, 2008 Report Share Posted February 6, 2008 Dude, we're in Northern California. Link to comment Share on other sites More sharing options...
J0E Posted February 6, 2008 Author Report Share Posted February 6, 2008 Dude, we're in Northern California. Exactly.I just like to make fun of certain situations the media blows out of proportion, regardless of weather or not it effects me. On top of that, it's voting time and all these "issues" consume everyone you talk to with an I.Q. about that of their age. Link to comment Share on other sites More sharing options...
Leo850T5 Posted February 6, 2008 Report Share Posted February 6, 2008 nice excuse to show off the houses in your neighborhood i agree with chuck though, my friend is having a hard time moving because her parents cannot sell their 400K house Link to comment Share on other sites More sharing options...
Stormtrooper1 Posted February 6, 2008 Report Share Posted February 6, 2008 mines been on the market since october, and it's under $200,000. Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 6, 2008 Report Share Posted February 6, 2008 depends on the area.... 400k is a cheap house around here and would go in a second... (of course if it was in good shape)my friend just bought a 1bedroom 1bath for 348k Condo :D Link to comment Share on other sites More sharing options...
Leo850T5 Posted February 6, 2008 Report Share Posted February 6, 2008 depends on the area.... 400k is a cheap house around here and would go in a second... (of course if it was in good shape)my friend just bought a 1bedroom 1bath for 348k Condo wow... there some small towns close to me that 348 can get you a hell of a house Link to comment Share on other sites More sharing options...
7 VII 7 Posted February 6, 2008 Report Share Posted February 6, 2008 yeah... no balcony either Link to comment Share on other sites More sharing options...
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