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Existing Home Sales UP

Discussion in 'Political Discussion' started by FreeTedWilliams, Mar 24, 2008.

  1. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

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    #75 Jersey

    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...


    http://biz.yahoo.com/ap/080324/economy.html?.v=3

    Once again, let the free market rule, and it will come around.
     
  2. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Jan to Feb existing home sales is traditionally a big month.
    Jan - Feb Change
    2006 +4.5%
    2007 +3.7%
    2008 +2.9%
     
  3. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    The left wing media is feeding us all kinds of Sh!t, they don't want anything to go "right" until one of those two babbling grinning democrats are nominated and elected.
    It's all over the talk radio today that the housing thing is coming back.

    Take That To The Bank

    :bricks:
     
  4. scout

    scout Veteran Starter w/Big Long Term Deal

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    #15 Jersey

    Oh boy, the housing market rose this month....................as prices continue to tumble.
    From people I've talked to in the industry (builders) the market will not be back for two years.
     
  5. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Even more than 2 years, do you know how many new luxury Condos are dead empty?

    /a lot.
     
  6. jack

    jack 2nd Team Getting Their First Start

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    This thread needs to be saved for future use, because the economic boom is starting and ftw called it.
     
  7. Real World

    Real World Moderator Staff Member

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    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.
     
  8. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

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    #75 Jersey

    I said the housing market would come back, the economy won't until they remove the Democrat run COngress that has killed it.
     
  9. jack

    jack 2nd Team Getting Their First Start

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    How did the democrats do that FreeTedWilliams?
     
    Last edited: Mar 24, 2008
  10. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    It's a long story but even the Lefty news media knows this is the worst Congress we have had in a long time, their ratings are below Bush and thats going some.............
     
    Last edited: Mar 24, 2008
  11. sdaniels7114

    sdaniels7114 Experienced Starter w/First Big Contract

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    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.
     
  12. weswelker#83

    weswelker#83 In the Starting Line-Up

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    :D
    Should i remind you that congress was republican until recently for so many years,it s hard to fix the broken millions vases overnight. :rolleyes:

    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 ? :D

    Ok i believe you, you are correct sir, how is that ,sir?. :D
     
    Last edited: Mar 24, 2008
  13. scout

    scout Veteran Starter w/Big Long Term Deal

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    #15 Jersey

    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.
     
  14. Real World

    Real World Moderator Staff Member

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    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.

    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. :D
     
  15. FreeTedWilliams

    FreeTedWilliams pfadmins PatsFans.com Supporter

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    #75 Jersey

    and the economy was great, until recently.

    Please tell me how many vetos Bush used?
     
  16. weswelker#83

    weswelker#83 In the Starting Line-Up

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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.
     
  17. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Last edited: Mar 24, 2008
  18. jack

    jack 2nd Team Getting Their First Start

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    http://finance.comcast.net/www/news...s.comcast.net/data/news/2008/03/26/921237.xml
    Sales of new homes fell in February for the fourth straight month, pushing activity down to a 13-year low as the steep slump in housing continued.

    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
     
    Last edited: Mar 26, 2008
  19. Terry Glenn is a cowgirl

    Terry Glenn is a cowgirl Banned

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    There ya go... the ekonomy is doing just great.

    Inflation, what is this mean?

    Gold at near all time highs? Nahhh...

    Record bankruptcies? I don't see it.

    The price of fuel is def. record setting? It doesn't affect me in the least.

    hehehehe...

    I get it.

    What was once left, is now right.

    What was once dark, now is light.

    What was once wrong, now is justified.

    What was once black, now is technicolor dark grey.

    I get it.
     
  20. Terry Glenn is a cowgirl

    Terry Glenn is a cowgirl Banned

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    This thread rates up there with how can we stand it... for spin.

    I actually would like to have blinders on that Foggy and FTW have.

    It's like trippin the light fantastic!!!!

    "Is that FREEDOM ROCK? Well, turn it up!!!!"
     

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