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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:27 PM Original message |
25% of home sales result in loss: "It's stunning what's happening out there," |
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Sanity Claws (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:29 PM Response to Original message |
1. Wow -- and those are sales! |
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Ex Lurker (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 06:12 PM Response to Reply #1 |
8. foreclosed houses usually don't get any |
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Tangerine LaBamba (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:32 PM Response to Original message |
2. Prices were so grossly inflated, |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 07:39 PM Response to Reply #2 |
15. Used houses have always |
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Tangerine LaBamba (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 08:18 PM Response to Reply #15 |
20. People were seduced |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 08:34 PM Response to Reply #20 |
23. It will be interesting to see |
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Beregond2 (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:37 PM Response to Original message |
3. Anyone stupid enough to have bought a house at the prices |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:41 PM Response to Reply #3 |
5. Yup |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:49 PM Response to Reply #5 |
6. In LA - people with 'normal incomes' buying 700K homes and 2 SUVs in driveway |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 07:50 PM Response to Reply #6 |
17. Yep, me too |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sun Aug-17-08 05:43 PM Response to Reply #17 |
29. Saw a couple sign a 100% mortgage on a HGTV show just a few weeks ago. They use any |
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Greyhound (1000+ posts) Send PM | Profile | Ignore | Sun Aug-17-08 05:52 PM Response to Reply #3 |
30. That is exactly why these mortgage companies must be allowed to fail. |
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Changenow (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:38 PM Response to Original message |
4. link please nt |
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Liberal_in_LA (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 05:50 PM Response to Reply #4 |
7. oops. ok. |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 06:17 PM Response to Original message |
9. I'm sitting in an ocean-front that has been on the market a long time |
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symbolman (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 07:25 PM Response to Reply #9 |
14. Think about a "Wrap Around" mortgage for your buyer.. |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 08:19 PM Response to Reply #14 |
21. It has been so long since I have had a mortgage |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 11:02 PM Response to Reply #21 |
25. Never had a mortgage. Never will. |
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symbolman (1000+ posts) Send PM | Profile | Ignore | Sun Aug-17-08 02:19 PM Response to Reply #21 |
27. Good point, we raised that as well.. |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Sun Aug-17-08 04:45 PM Response to Reply #27 |
28. Probably true that they will not bother with a mortgage which is current |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 11:01 PM Response to Reply #14 |
24. It is a clear title property, so no big hurry or all that. |
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Dr.Phool (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 06:39 PM Response to Original message |
10. Another hidden gotcha in the short sale. |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 06:41 PM Response to Original message |
11. (shrug) If people didn't have the idiotic idea that Gawd decreed that housing prices always go up... |
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Ex Lurker (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 06:57 PM Response to Reply #11 |
12. But the rub is those decisions also have |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 07:17 PM Response to Reply #12 |
13. Yes, that is a downside of all of us being citizens of a *country*. |
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The2ndWheel (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 07:41 PM Response to Reply #13 |
16. More like living inside the same economic system |
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edhopper (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 07:52 PM Response to Original message |
18. I've said this for the last few years |
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pipoman (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 08:04 PM Response to Original message |
19. When I was involved in real estate in the 1980's |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 08:23 PM Response to Original message |
22. You can lose money in real estate? Who knew? nt |
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L. Coyote (1000+ posts) Send PM | Profile | Ignore | Sat Aug-16-08 11:07 PM Response to Original message |
26. I blame the Bush tax cuts to some extent. A lot of speculation |
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DU AdBot (1000+ posts) | Sat May 04th 2024, 03:40 AM Response to Original message |
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