Posted on 12/28/2006 8:46:51 PM PST by Dubya
bubble? what bubble?
It's just your imagination.
LOL!!!
The DFW area took a breath-taking nose dive beginning with the telecom/technology decline of 2000, and followed by the economic sag after 9/11/1. The area didn't experience much of the economic recovery seen by the rest of the country in recent years, but it did take another bath with even greater declines in property values over the last couple of years.
In short, they took a double whammy. And it looks like more damage is on the way. Glad I took my lumps and sold my house there a while back!
This is one county, and not indicitave of a bubble.
This is one county, and not indicitave of a bubble.
Foreclosures of subprime mortgages are expected to rise dramatically in the coming months, with nearly one in five subprime borrowers at risk, according to a consumer advocacy group."Nothing to see here. Time to move on."The North Carolina-based Center for Responsible Lending said that about 2.2 million subprime home loans made in recent years already have failed or will end in foreclosure - a situation that "will cost homeowners as much as $164 billion."
The study said that more than 19 percent, or nearly one in five subprime mortgages originated in the past two years, will end in foreclosure. ... Want to learn more? Educate Yourself
For what area does that cover. Is it nationwide?
You and statistics tend to lie, so I'd like real data.
That will be good for bargain hunters.
I'm still waiting for these bargains in my town, not happening!
I have no idea why you want to sink real estate. But you don't even have a lick of sense.
Forclosures offer a wealth of opportunities for investors to buy property cheap. They can fix them up, rent them out or sell them. This is the market in action.
There will never be enough houses.
One of the reasons that this is "no bubble" is that long term interest rates have remained low. The "bubble" is probably going to burst in the heads of the idiots that think we are in one.
In this case, his statistics come from a lefty think-tank funded by the usual suspects, like the Ford and MacArthur Foundations.
OMG, you are insane. You actually linked to a website (I suspect yours) that has headlines about UFO's being real....
Your frickin' nutz man; Of course you know nothing about real estate.
In Baltimore, Detroit, Dayton, and Cleveland, there are too many houses. There are thousands of abandonned buildings, basically worth zero or less than zero (yes less than zero, it takes more money to fix or tear down and rebuild and what you build has less value than what you put in).
Great to sse you posting again! Someone said you were banned, but I knew otherwise.
Merry Christmas & happy new year to you and yours!
I'm here and there. Merry X-mas.
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