[nanak]

I don't know about nanak=troll, but I'm in this situation RIGHT NOW! DH and I are first time homebuyers investigating the market. Builders are offering us the moon--free upgrades, $60,000 off--but we can't find anything halfway decent for less than $200,000. Pre-existing homes in the neighborhoods where we're looking are being offered at far LESS than appraisal (and way less than the new homes). I agree that the housing bubble is bursting--hopefully it will burst fast and I'll get a good deal with a relatively low interest rate! It's all SO confusing!!!!!!

A 3-bed/2-bath in Marysville,CA (north of SACRAMENTO, in the middle of nowhere) appreciated from $325,000 to $365,000 within six months from 06/2004-12/2004; and we have economic JOAN of ARC's (eg. nopardons) who glorify this speculation as wonders of prospering economy.

People are deluding themselves into housing market thinking, "sit tight, hold back, let the value of the house appreicate, refinance, take out the equity and spend spend spend spend spend............."

Be patriotic and spend spend spend spend............

Bring in more illegals and spend spend spend ...........

Increase outsourcing and bring in more people on L-1 and H-1B visas and spend spend spend spend........

Refi Refi Refi and Spend Spdend Spend and Spend yourselves into prosperity.

[nopardons]

Putting words in my mouth and making spurious allegations,really don't help you case at all.But you have nothing else to fall back on.

This is nothing new at all...you just don't really know enough about this topic,top talk about it. Real estate has always been in flux;up and down cycles happen all of the time.Real estate speculation,is as old as mankind.And more people,in America,now own their own homes,than at any other time.Pricing is relative.You can't compare today's prices with yesterday's,without making the money values the same.

Add to all of the above,the fact that people are demanding more and more and more than they've ever done before and that jacks prices up even farther.

And kid,I've never posted that I approve of real estate speculation,nor people borrowing more than they can afford to.I don't approve of any of that.Also,many now view a home as an investment,NOT as just their home.That's backward thinking!

[Texas Chrystal]

People are deluding themselves into housing market thinking, "sit tight, hold back, let the value of the house appreicate, refinance, take out the equity and spend spend spend spend spend............." Be patriotic and spend spend spend spend............ Bring in more illegals and spend spend spend ........... Refi Refi Refi and Spend Spdend Spend and Spend yourselves into prosperity.

You know what people say about ASSume, nanak? My husband and I have one car loan, zero other debt and average FICO scores of 800. I daresay YOU have more debt and worse credit than we do. So who's the "spend spend spend" er now? We haven't bought a house yet because we want to SAVE enough for 25-30% down payment. Meek: I think he's a troll. And he's a meanie. Let's ZOT him!