Ok..Ok...I can see that for the areas that are oversaturated with condos. But those areas are the exception rather than the rule. SM
Hey, an honest bear! I like the "want it to crash" comment. In my neck of the woods, it is the upper end houses that are feeling the pinch. As...
Yes, but many of them are waiting, because the longer they wait, the more they will save toward the refinancing cost. Its rational behavior, but...
LOL. Gated community? Why on earth would I want to share my estate with others? :) If your Fico is that high, then you're doing something...
The part where people advertise to sell loan products for profit or the part where folks who have made mistakes or had bad things happen to them...
I agree with you. Everyone wants alot of things, a boat, a big car, etc., but they shouldn't buy it if they can't afford it or they don't...
A $1600 on a $170,000 house isn't too bad if his insurance and taxes are escrowed into the payement. With good credit, in my neck of the woods,...
Eventually...thats another way to think of the mechanism they use to slow the economy. This implies that right now, they think there is just...
Yeah, and they don't cound certain investments as savings. Most folks I know keep only enough money in the bank to tide them over until they...
BGP, This could go on forever. Since you're a friend, I'm willing to give you a discount on the amount that you should can me to take your...
This is just another example of "the man" trying to keep the little guy down. Seriously, both of them depreciate in REAL terms. But when you...
Excerpt from an article on today's Fed Statement: In its statement explaining its actions, the Fed said, "Recent indicators have suggested...
Heh. I try to read between the lines and filter out the recompilation of old data and look at only the newest. I also do my own studies by...
Sounds like you did make the right choice. And I have to admit that I wouldn't have done that. I prefer to look at the national market because...
Because the people here don't live in your area. Most live in the U.S. and some live abroad. Makes more sense to talk about the national market...
OK...read this from the Motely Fool. The discounting can only continue until inventory levels get low enough. And homebuilders are more savvy...
You doom and gloomers kill me. You think trees grow to the sky and roots grow to the center of the earth. OK, check out the attached spreadsheet...
So early in the year, sales of existing homes were decreasing at a rate of 200,000 to 300,000 a month. Now they are dropping at a rate of 60,000...
Ok, I did go to Chippy Chapel College in Tucson and I'd appreciate you all not running it down. :) Ok, seriously, the only way that mortgage...
How does that compare with...say...three summers ago? I had some of my rental properties jump 50% in two years, then slide back 8%. Not bad if...
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