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A REBOUND FOR HOUSING? NOT SO FAST.
Kiplinger Forecasts ^
| 9 November 2006
| Jerome Idaszak
Posted on 11/09/2006 5:17:47 PM PST by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin
I do get the impression that, for many months, someone who posted an article on the housing situation risked being flamed. Many on freerepublic interpreted such a posting as a dig at Pres. Bush. But talking about the housing market is just that - talking about the housing market. Bush isn't responsible for the laws of supply and demand that have been causing a housing slowdown. And it's not "anti-Bush" to report on the state of housing prices. I personally think it's healthy for housing prices to flatten or go down. A continued run-up at the levels we'd seen for the previous three years was unstustainable, and it would have made housing unaffordable for most people, if it had continued.
Comment #22 Removed by Moderator
To: Lunatic Fringe
The appraisal came in at $162,000.
How big a home? No. of bedrooms, and square foot of interior?
To: MeneMeneTekelUpharsin
It has to be in trouble. When housing becomes unaffordable in relation to incomes, some thing's going to give.
Aliens are used to overcrowded housing with 2-4 families in single family housing units to meet high costs, maybe this is the wave of the future.
Just like two income families have become the norm in order to meet the rising costs of living. "DINK" is no longer a path to a cushy lifestyle, now it's just survival.
The American dream is dying, thanks to Globalization.
Thanks, free trade suckers.
24
posted on
11/09/2006 5:36:17 PM PST
by
outdriving
(Diversity is a nice place to visit, but I wouldn't want to live there.)
To: MeneMeneTekelUpharsin; Petronski
We're not going to start a flame war here on this thread.
Is that clear?
To: freedomdefender
4 BR, 2 1/2 bath, 2250 sq ft. I also got an oversized lot that is 120'x70'.
26
posted on
11/09/2006 5:38:56 PM PST
by
Lunatic Fringe
(Say "NO" to the Trans-Texas Corridor)
To: Admin Moderator
Is that clear? Yes it is. I am a patient man. Very.
27
posted on
11/09/2006 5:40:29 PM PST
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: Admin Moderator
I'm not starting anything.
28
posted on
11/09/2006 5:40:41 PM PST
by
Petronski
(Living His life abundantly.)
To: freedomdefender
And it's not "anti-Bush" to report on the state of housing prices. No, it's not anti-Bush at all, it is simply the truth about what is going on. Bush has nothing to do with housing prices, per se. Greedy speculators, stupid banks and (indescribeable) real estate agents are to blame.
29
posted on
11/09/2006 5:42:14 PM PST
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: MeneMeneTekelUpharsin
As a Realtor in Idaho, I fully agree with these comments and see an adjustment period extending into '07.
30
posted on
11/09/2006 5:43:14 PM PST
by
The Iceman Cometh
(Democrats In Control! (Where's my friggin' free stuff?))
To: goldstategop
I've cut my home price to bare bottom. $75,000 less than the state median. And there's still a six month backlog of unsold home inventory here in California. My friend who owns a home in California just cut his price $60,000 from the $350,000 he had been asking and is going to give the house back to the bank as it is not selling and he can't continue to make payments on it. That is a pretty big percentage drop in price in my opinion.
31
posted on
11/09/2006 5:45:07 PM PST
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: wagglebee
You're supposed to cash everything out and BUY GOLD! Wouldn't do that either.
32
posted on
11/09/2006 5:46:15 PM PST
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: jiggyboy
what do you mean by a bushbots ? Are a DU ite here to gloat?
what until nancy and charlie sent you a valentine from the IRS which includes a elimination of the capital gains .
the game you dems play is to destroy the economy blame bush and get hillary in the office in 2008 . we know the strategy !
33
posted on
11/09/2006 5:47:29 PM PST
by
BurtSB
(the price of freedom is eternal vigilance)
To: MeneMeneTekelUpharsin
"Those who have been on here lying about the housing market and have set up people for a financial fall are to be held responsible."
What with, FR housing tribunals? And how will property owners have a "financial fall" if they maintain ownership? I don't see too many FReepers as the type to buy more house than they can afford so I don't think many would be forced to sell in the future. At worst all they should have to do is hold on and let inflation catch up.
34
posted on
11/09/2006 5:48:12 PM PST
by
Justa
(Politically Correct is morally wrong.)
To: MeneMeneTekelUpharsin
My friend who owns a home in California just cut his price $60,000 from the $350,000 he had been asking and is going to give the house back to the bank as it is not selling and he can't continue to make payments on it.
Where in California?
To: nicolezmomma
what part of st pete ? old ne or tyrone square. it matters.
36
posted on
11/09/2006 5:50:38 PM PST
by
BurtSB
(the price of freedom is eternal vigilance)
To: Lunatic Fringe
I also got an oversized lot that is 120'x70'.That's oversized? In Texas?
37
posted on
11/09/2006 5:56:26 PM PST
by
SuziQ
To: SuziQ
For a house is suburbia Dallas, yeah it's a good lot size. I remember the house I bought back in '98 was a zero lot. I could step out the backdoor and knock on my neighbor's window.
38
posted on
11/09/2006 5:59:27 PM PST
by
Lunatic Fringe
(Say "NO" to the Trans-Texas Corridor)
To: MeneMeneTekelUpharsin
There is no single "housing market." Here in Charlotte, NC we are not seeing anywhere near the same type of slowdown that they're seeing in California or South Florida.
I'm continuing to buy when it's prudent to do so.
39
posted on
11/09/2006 5:59:50 PM PST
by
gonewt
To: gonewt; Toddsterpatriot; Mase; jennyjenny; expat_panama; Torie; 1035rep; Moonman62
There is no single "housing market." Amen.
40
posted on
11/09/2006 6:04:50 PM PST
by
Petronski
(Living His life abundantly.)
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