THE HOUSING BOTTOM IS HERE [Realty]

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User Info	THE HOUSING BOTTOM IS HERE in forum [Realty]
Aztrader Posts: 6648 Incept: 2007-09-10 Scottsdale, AZ	Ya, sure........ http://www.businessinsider.com/the-housi.... 2012-02-06 13:53:08 Permalink
Lk Posts: 13158 Incept: 2008-03-13 DC - VA	looks like a bear flag, LOL 2012-02-06 14:17:57 Permalink
Genesis Posts: 130661 Incept: 2007-06-26	How many $100s were in the envelope over at CR? ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* Last modified: 2012-02-06 14:22:29 by genesis 2012-02-06 14:21:53 Permalink
Mrbill Posts: 7840 Incept: 2008-10-19 North Carolina	CR is a waste of bits now, but its funny all the readers/commenters are bearish-leaning, while CR hugs his picture of Bernanke. Sad that at one point they were in my daily three, along with NakedMMTInsanity. Now I've just got TF and added OfTwoMinds. Last modified: 2012-02-06 15:20:41 by mrbill 2012-02-06 15:19:27 Permalink
Kel Posts: 963 Incept: 2008-03-21	Two questions..... Who is this idiot? (I could not find an author) Does he work for the National Association of Realtors? 2012-02-06 17:26:15 Permalink
Agau Posts: 4914 Incept: 2010-06-04	There are deals out there - just bought a 4 bedroom on a marina in sight of Manhattan with some of the best fishing on the east coast - great restaurants and a couple miles from Springsteens house for very a lot less than the ask of $200m. I am starting to feel this is the last winter of desperation deals and the secret is to buy low, sell high and it is sure as **** low now. Last modified: 2012-02-06 17:32:57 by agau 2012-02-06 17:30:48 Permalink
Mayorquimby Posts: 13907 Incept: 2008-09-18 The Archaic Past	Quote: it is sure as **** low now. Low now?! IN NEW YORK?!!! ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-11 10:32:13 Permalink
Pietertvl Posts: 3586 Incept: 2007-12-05 NFA	"a 4 bedroom ... for .. a lot less than the ask of $200m" WOW ... That's some bargain!! At that price, I'd expect a close up view either of Saturn's rings or within telescoping range of some hot Hollywood starlet's bedroom window at least ... ---------- "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." ~ John Adams 2012-02-11 11:47:13 Permalink
Djloche Posts: 3268 Incept: 2008-07-07 In the Mountains	Quote: CR is a waste of bits now, but its funny all the readers/commenters are bearish-leaning thses days I head straight to the comments at http://hoocoodanode.org/ ever since Tanta died, CR has never been the same. ---------- "If we wish to be free, we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of Hosts is all that is left us! Gentlemen may cry, "Peace! Peace!" -- but there is no peace. The war is actually begun! Our brethren are already in the field! Why stand we here idle?" 2012-02-12 04:41:56 Permalink
Agau Posts: 4914 Incept: 2010-06-04	Pietrtvl et al NYC prices suck and have not taken a haircut because the financial industry is buoying gubmint employee payrolls and support services,i.e. cops and waiters making bigbucks in suport of banksters. However, outside of the city and especially in NJ, prices have come way down and there are half off deals out there (vs highs of 2007 or so). Also, for those that dont know their way around financial reports, small m = thousand and mm = a thousand thousand or million. 2012-02-12 16:45:10 Permalink
Pietertvl Posts: 3586 Incept: 2007-12-05 NFA	LOL Agau -- next time when I go to ask for a raise, I'll throw my "ask" out at say $150m instead of $150k. ---------- "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." ~ John Adams 2012-02-12 17:53:22 Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	For all those that think the Housing Market has bottomed check this out: http://www.redfin.com/CA/Cerritos/13172-.... Seriously CR is from close to here. This area is not the nicest place, not the worst either. But they still want 500K for 1200sq of a 7000sf lot. MADNESS. The people who live in these neighborhoods are middle class, and yes middle class in California is still 50-60k, household income. Last modified: 2012-02-12 23:53:59 by eaglewwit 2012-02-12 23:51:41 Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	Check out this beauty's sales history: http://www.redfin.com/CA/Cerritos/17309-.... When will the madness end. 2012-02-12 23:54:17 Permalink
Christiangustafson Posts: 4140 Incept: 2007-06-27 Helping Hand Acceptance Corporation Banned	What a **ty set of pics on that Cerritos debt pit. ** California. ---------- It is therefore, on opinion only that government is founded... -- Hume 2012-02-13 01:04:00 Permalink
Eaglewwit Posts: 6054 Incept: 2007-11-30 SoCal Banned	I bet the FHA made the last loan in 2009 that defaulted. 2012-02-13 01:16:33 Permalink
Mayorquimby Posts: 13907 Incept: 2008-09-18 The Archaic Past	Anecdotal....friend in NJ....she and her husband bought a townhouse in Jersey City. Probably paid about $350k with about $10k in taxes. Worth about $190k now so they rent just to keep making payments. Just went to open houses yesterday in the $375k to $390k area. Why? Low interest rates, koolaid etc. Their combined income is about $160k. Taxes knock that down to about $110k but they have an esy $22k in property taxes each year now to absorb!!! They will have a combined $650,000 of debt plus interest together with under $75,000 in equity between the two of them! ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-13 07:41:59 Permalink
Asimov Posts: 103847 Incept: 2007-08-26 East Tennessee Eastern Time	Mayor: Don't worry, they have obama's stash to fall back on. ---------- It's justifiably immoral to deal morally with an immoral entity. If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente. 2012-02-13 10:11:06 Permalink
Sunriser1 Posts: 3115 Incept: 2007-10-30	I think the bottom is in in Northern Nevada. It will take most people a long time to accept where the bottom is but we are there. ---------- People call me depressing, I tell them I'm just well informed. 2012-02-13 20:36:43 Permalink
Codebot Posts: 96 Incept: 2011-06-12	Quote: However, outside of the city and especially in NJ, prices have come way down and there are half off deals out there (vs highs of 2007 or so). I've seen this too, but even with how much they've come down from the ridiculous highs, most of them still seem overpriced. The reason in my opinion is twofold. The first is, I've looked at probably 30-40 houses in the past year, and I'd say 95% of them are in bad shape. Finding a house you can move into for 300-325k is difficult, and if you're looking for a starter home for around 250k it's impossible. A lot of owners just don't maintain their houses. The second problem is property taxes, like Mayor Quimby mentioned, some houses around here can have like 10k in property taxes a year, which is ridiculous. Most houses have had their taxes go up a good 20% over the past few years, and if I buy I run the risk of every increasing property taxes. The worse example I saw was a house in a "less desirable" neighborhood go for 130k, with property taxes of 8k. The property taxes would actually be higher than the mortgage on the house, which seems crazy to me. People are trying to flip homes around me as well. One guy got a great deal on a foreclosure ($204k for a house that was probably worth 300k) and is trying to resell for 325-350k after he made the place uglier than it was. I saw another flipper buy a house for 295k and put it right back on the market for 325k. I don't think he's going to come out on the positive side. Can anyone give me advice on looking for foreclosures? I've seen foreclosure.com but it looks scam-ish. 2012-02-16 14:34:14 Permalink
Mayorquimby Posts: 13907 Incept: 2008-09-18 The Archaic Past	Quote: The property taxes would actually be higher than the mortgage on the house, which seems crazy to me. "Seems"??? ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-17 07:06:24 Permalink
Bozonian Posts: 19871 Incept: 2007-09-01 Saratoga Springs, New York	22k in property taxes!!!!! W.T.F.?�?�?�?!!!!! ---------- Forget about blaming, fighting with, or crediting other people. The only real challenge in life, is with yourself. -- Me Everything I write is my opinion and not to be considered proven fact. Nothing I write should be considered financial advice. 2012-02-17 08:05:21 From PDA Permalink
Mayorquimby Posts: 13907 Incept: 2008-09-18 The Archaic Past	Boz...I know a few people that pay $15k plus. ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-02-17 08:06:45 Permalink
Erica712 Posts: 1910 Incept: 2009-03-16 Central FL	I've never paid above $1,700 for property taxes in both FL and GA. 2012-02-17 08:46:50 Permalink
Pietertvl Posts: 3586 Incept: 2007-12-05 NFA	Property taxes are what you pay to get closer to the troughs from which digital money pours. NJ is closer. FL and GA, not so much. ---------- "All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." ~ John Adams 2012-02-17 09:24:24 Permalink
Codebot Posts: 96 Incept: 2011-06-12	Quote: Property taxes are what you pay to get closer to the troughs from which digital money pours. NJ is closer. It's the local school systems in NJ. There are a few towns that don't have high schools, but have high value homes (400k - over 1 Million). They have property taxes in the 5-8k range despite how much more their homes cost. 2012-02-17 14:44:08 Permalink

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