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June 12, 2008 at 12:56 PM #222098June 12, 2008 at 1:02 PM #221936kewpParticipant
For first-time buyers like myself, on a budget, buying short on the bottom is pretty much a necessity.
I’ll agree that all real estate is local, but from what realty trac is showing, there are foreclosures aplenty in every zip code.
June 12, 2008 at 1:02 PM #222039kewpParticipantFor first-time buyers like myself, on a budget, buying short on the bottom is pretty much a necessity.
I’ll agree that all real estate is local, but from what realty trac is showing, there are foreclosures aplenty in every zip code.
June 12, 2008 at 1:02 PM #222053kewpParticipantFor first-time buyers like myself, on a budget, buying short on the bottom is pretty much a necessity.
I’ll agree that all real estate is local, but from what realty trac is showing, there are foreclosures aplenty in every zip code.
June 12, 2008 at 1:02 PM #222085kewpParticipantFor first-time buyers like myself, on a budget, buying short on the bottom is pretty much a necessity.
I’ll agree that all real estate is local, but from what realty trac is showing, there are foreclosures aplenty in every zip code.
June 12, 2008 at 1:02 PM #222102kewpParticipantFor first-time buyers like myself, on a budget, buying short on the bottom is pretty much a necessity.
I’ll agree that all real estate is local, but from what realty trac is showing, there are foreclosures aplenty in every zip code.
June 12, 2008 at 1:10 PM #221942BugsParticipantAs a group, we Piggs started off being few in number. The group got bigger as time went on, the market cooled, and more people jumped on the bandwagon. I anticipate the same thing will happen, in reverse, as the pricing drops. People will peel off when the prices hit their comfort range, which will be different for everyone.
There probably will be some uber-bears who will ride it all the way down, and a few of them probably won’t jump in at all regardless of how far the prices drop.
June 12, 2008 at 1:10 PM #222044BugsParticipantAs a group, we Piggs started off being few in number. The group got bigger as time went on, the market cooled, and more people jumped on the bandwagon. I anticipate the same thing will happen, in reverse, as the pricing drops. People will peel off when the prices hit their comfort range, which will be different for everyone.
There probably will be some uber-bears who will ride it all the way down, and a few of them probably won’t jump in at all regardless of how far the prices drop.
June 12, 2008 at 1:10 PM #222058BugsParticipantAs a group, we Piggs started off being few in number. The group got bigger as time went on, the market cooled, and more people jumped on the bandwagon. I anticipate the same thing will happen, in reverse, as the pricing drops. People will peel off when the prices hit their comfort range, which will be different for everyone.
There probably will be some uber-bears who will ride it all the way down, and a few of them probably won’t jump in at all regardless of how far the prices drop.
June 12, 2008 at 1:10 PM #222090BugsParticipantAs a group, we Piggs started off being few in number. The group got bigger as time went on, the market cooled, and more people jumped on the bandwagon. I anticipate the same thing will happen, in reverse, as the pricing drops. People will peel off when the prices hit their comfort range, which will be different for everyone.
There probably will be some uber-bears who will ride it all the way down, and a few of them probably won’t jump in at all regardless of how far the prices drop.
June 12, 2008 at 1:10 PM #222108BugsParticipantAs a group, we Piggs started off being few in number. The group got bigger as time went on, the market cooled, and more people jumped on the bandwagon. I anticipate the same thing will happen, in reverse, as the pricing drops. People will peel off when the prices hit their comfort range, which will be different for everyone.
There probably will be some uber-bears who will ride it all the way down, and a few of them probably won’t jump in at all regardless of how far the prices drop.
June 12, 2008 at 1:19 PM #221946Running BearParticipantWe aren’t at the bottom. We are far from it time wise. I can’t put a percentage on how much further we will drop but I would say taking on a large amount of debt and locking yourself into a community probably isn’t the safest bet right now.
Think of all the things that are unknowns that are starting to surface right now:
Energy, food, job market, interest rates, gas, etc. By getting into the housing market and buying a home you are locking yourself into an area and home. Not to mention a large amount of debt. I think it is safe to assume that even if you got a good deal your ability to sell your new home in the next few years will be very tough.
I think most people get excited about the price drop and their ability to buy a home they have coveted for several years and forget that other variables are changing around them.
My2Cents
June 12, 2008 at 1:19 PM #222049Running BearParticipantWe aren’t at the bottom. We are far from it time wise. I can’t put a percentage on how much further we will drop but I would say taking on a large amount of debt and locking yourself into a community probably isn’t the safest bet right now.
Think of all the things that are unknowns that are starting to surface right now:
Energy, food, job market, interest rates, gas, etc. By getting into the housing market and buying a home you are locking yourself into an area and home. Not to mention a large amount of debt. I think it is safe to assume that even if you got a good deal your ability to sell your new home in the next few years will be very tough.
I think most people get excited about the price drop and their ability to buy a home they have coveted for several years and forget that other variables are changing around them.
My2Cents
June 12, 2008 at 1:19 PM #222063Running BearParticipantWe aren’t at the bottom. We are far from it time wise. I can’t put a percentage on how much further we will drop but I would say taking on a large amount of debt and locking yourself into a community probably isn’t the safest bet right now.
Think of all the things that are unknowns that are starting to surface right now:
Energy, food, job market, interest rates, gas, etc. By getting into the housing market and buying a home you are locking yourself into an area and home. Not to mention a large amount of debt. I think it is safe to assume that even if you got a good deal your ability to sell your new home in the next few years will be very tough.
I think most people get excited about the price drop and their ability to buy a home they have coveted for several years and forget that other variables are changing around them.
My2Cents
June 12, 2008 at 1:19 PM #222095Running BearParticipantWe aren’t at the bottom. We are far from it time wise. I can’t put a percentage on how much further we will drop but I would say taking on a large amount of debt and locking yourself into a community probably isn’t the safest bet right now.
Think of all the things that are unknowns that are starting to surface right now:
Energy, food, job market, interest rates, gas, etc. By getting into the housing market and buying a home you are locking yourself into an area and home. Not to mention a large amount of debt. I think it is safe to assume that even if you got a good deal your ability to sell your new home in the next few years will be very tough.
I think most people get excited about the price drop and their ability to buy a home they have coveted for several years and forget that other variables are changing around them.
My2Cents
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