Posted on 12/12/2007 6:38:09 AM PST by John Leland 1789
Check the youtube link on post 11, it seems real enough to me. If I missed something I would like to be enlightened.
“This is the worst economy ever...Democrats.”
Sorry...
Those of us old enough to remember the Carter Years KNOW what a bad economy looks like, AND THIS ISN’T IT!
A few auctions makes an entire market?
I was asked for an example of houses selling at fifty percent off, I pointed out that the link had already been posted. What do you want from me? The housing market is in very bad shape in many areas, refusal to face that fact changes nothing.
Also, your map says you live in SC. SC property is stagnent, it is not losing value. If it is, it’s down 2-3% from a year ago on average in your market (but probably up at least 30% from 5 years ago).
Dr. Boys was specific, not general in his comment. He speaks of a specific type of loan and what affect it had on the home values of some people. And he spoke the truth about it.
If so, he’s an idiot anyway. The loan doesn’t affect the VALUE of the property. The EQUITY, yes. VALUE, no. He specifically said they were worth 50% of what they were, that’s a value indication, not equity.
And if you mean Neg-Am Option ARMs, it’s still nowhere near a 50% reduction in equity.
Got Gold. Bought 15 years ago.
Of late, proper English usage has come to be considered a useless skill. Pay too much attention to English usage on FR and you might be branded a “grammar policeman”!
I am cursed with what J.J. Kilpatrick called an “ear” for the language. While my own usage may not always be correct, errors committed by others are almost always obvious to me; as a result, watching television news has become a painful chore. So-called professional journalists commit an astounding number of usage errors. The fact that our journalism schools are producing Ph.D graduates to whom phrases such as “there is people” seem perfectly correct does not bode well for the future.
I never said property in South Carolina was down a lot, I referred someone to a link to an auction in which multiple houses were sold at fifty percent off, not single home sales. If new homes are being auctioned off at one half of what people had previously paid in the same development that seems to me to indicate a problem with that market. Why are you bringing up all this stuff that has nothing to do with what I posted? Nobody said YOUR market was down.
People asked if MARKETS were down — listing a few homes is not a market. You said housing market was weak where you are. SC is not a weak housing market losing value. It’s flat at worst. You doom & gloomers are hilarious.
You said housing market was weak where you are
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
You must be a member of the Insane Clown Posse. Nowhere on this thread have I ever said the market in my area was weak.
You need help with reading comprehension. It is very tiresome to have to refute things I never said! I cannot be responsible for your overactive imagination!
Lol ...
Since I have just limited language capabilities (3 language fluently spoken (german as my mother tounge, dutch, french and - as you’ve already recognized - english) some people consider, that my education is at least incomplete.
Well it is - since I certianly believe in the concept of life long learning.
But what the heck - I am still more literate then your president.
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