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I said the housing market would come back, the economy won't until they remove the Democrat run COngress that has killed it.
Of course it will come back. What's next? Are you gonna go out on a limb and predict that it'll get warmer over the next few months, then colder months later and then finally get warmer again about a year from now?
Way to go there Nostradamus.
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I said the housing market would come back, the economy won't until they remove the Democrat run COngress that has killed it.
Should i remind you that congress was republican until recently for so many years,it s hard to fix the broken millions vases overnight.
Republicans had congress and white house for so many years , you passed what ever law you wanted , you vetoed what ever you wanted for so many years .
and..Today results , you wanna blame it on the democrats ?
Ok i believe you, you are correct sir, how is that ,sir?.
I really don't see why prices tumbling is such a bad thing? Anyone in here with some idea of real estate, or some basic financial sense, would understand that a drop was very necessary. A market correction like this makes property far more affordable for a number of prospective buyers who previously had no chance to own. Anyone with some coin in the bank, who doesn't own, should be shopping right now. I think there's room before it goes bottom, but you could do a lot worse than buy right now. The combination of incredibly low rates, falling prices, and a saturated market make for a buyers dream. I wouldn't be surprised if sales increase consistently, but I think 2009 will be where it reverses itself.
Hey that's great for the first time buyer, or someone moving on up, and there's nothing wrong with a correction in the housing market. This isn't a correction, its close to a catastrophe. It might be a buyers dream, as long as the buyer doesn't have a house to sell. I bought an expensive fixer-upper, put a lot of sweat equity and $ into it. It will be years before I see those $ for material and that's not even counting any of my labor. It is what it is, but for anyone to say that the market up is living in denial. Kind of like saying; my new car payment is under $200 a month, just had to put $6,000 down.
Hey that's great for the first time buyer, or someone moving on up, and there's nothing wrong with a correction in the housing market. This isn't a correction, its close to a catastrophe. It might be a buyers dream, as long as the buyer doesn't have a house to sell. I bought an expensive fixer-upper, put a lot of sweat equity and $ into it. It will be years before I see those $ for material and that's not even counting any of my labor.
I'm 33 and have had mutliple friends get married over the last handful of years. I warned them all not to buy over the last couple of years, yet 4 of them did. Each left lots of cash on the table, and two of them, who not only overpaid for their property, but did so in terrible locations, are now stuck taking a loss, or living where they are for 4-7 years. They didn't act prudently. Who's fault is that? It's their own.
Quote:
Originally Posted by scout
It is what it is, but for anyone to say that the market up is living in denial. Kind of like saying; my new car payment is under $200 a month, just had to put $6,000 down.
Who said the market is up? The market is clearly down. The point here is that a down market can be a boon for people who otherwise, wouldn't be able to afford to buy. I believe Stokes is in the group that will gain from the current market. He's been renting and waiting. His sacrafice will pay off soon. My living in Chelsea in the tiniest of homes will pay off too. This fall, going into 2009, I'll be looking for an upgrade. Once I do that, I'll wait till the equity increases, and look for an investment property.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Should i remind you that congress was republican until recently for so many years,it s hard to fix the broken millions vases overnight.
Republicans had congress and white house for so many years , you passed what ever law you wanted , you vetoed what ever you wanted for so many years .
and..Today results , you wanna blame it on the democrats ?
Ok i believe you, you are correct sir, how is that ,sir?.
and the economy was great, until recently.
Please tell me how many vetos Bush used?
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The Jets look like a Super Bowl contender right now about as much as Rosie O’Donnell looks like a threat for the Miss America crown. -NY Post 12/19/2011
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I don't know in what country were you living all these years.The cost of life went down hill since 2001.
The economy wasn't great but the volcano "subprime" was boiling for 6 years and building its pressure , and blew up in 2007.
Do you call an economy that uses debt as a fake sensation as being rich. You don't spend what you don't have, that what the country lived on for the last 8 years ,the "ATM" house refinancing.
The Commerce Department reported Wednesday that new home sales dropped 1.8 percent last month to a seasonally adjusted annual rate of 590,000 units, the slowest sales pace since February 1995. The decline was slightly worse than expected
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I seem to remember someone syaing that this would happen (and was ridiculed by the left), although I think that he was a month off on his prediction...
Re: Existing Home Sales UP
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