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  • March 23, 2011 at 9:55 AM #18652
    Aecetia
    Participant

    “New home sales plummeted to a record low last month, the Commerce Department reported Wednesday in a further sign that the battered housing market is only slumping further.”

    http://www.nationaljournal.com/economy/new-home-sales-dive-to-record-low-20110323

    March 23, 2011 at 12:46 PM #679995
    briansd1
    Guest

    I see that.
    Looks like were are headed to a double dip.

    Too many problem areas around the world now affecting economic growth.

    If interest rates head higher, prices will be negatively affected.

    I know a guy and his wife who are selling their house for the same price they bought it for in 2003. Put in some money to fix up. 8 hours of house payments down the drain. If he had rented he could’ve lived in a nicer place, in La Jolla, stress free.

    March 23, 2011 at 12:46 PM #680049
    briansd1
    Guest

    I see that.
    Looks like were are headed to a double dip.

    Too many problem areas around the world now affecting economic growth.

    If interest rates head higher, prices will be negatively affected.

    I know a guy and his wife who are selling their house for the same price they bought it for in 2003. Put in some money to fix up. 8 hours of house payments down the drain. If he had rented he could’ve lived in a nicer place, in La Jolla, stress free.

    March 23, 2011 at 12:46 PM #680664
    briansd1
    Guest

    I see that.
    Looks like were are headed to a double dip.

    Too many problem areas around the world now affecting economic growth.

    If interest rates head higher, prices will be negatively affected.

    I know a guy and his wife who are selling their house for the same price they bought it for in 2003. Put in some money to fix up. 8 hours of house payments down the drain. If he had rented he could’ve lived in a nicer place, in La Jolla, stress free.

    March 23, 2011 at 12:46 PM #680802
    briansd1
    Guest

    I see that.
    Looks like were are headed to a double dip.

    Too many problem areas around the world now affecting economic growth.

    If interest rates head higher, prices will be negatively affected.

    I know a guy and his wife who are selling their house for the same price they bought it for in 2003. Put in some money to fix up. 8 hours of house payments down the drain. If he had rented he could’ve lived in a nicer place, in La Jolla, stress free.

    March 23, 2011 at 12:46 PM #681155
    briansd1
    Guest

    I see that.
    Looks like were are headed to a double dip.

    Too many problem areas around the world now affecting economic growth.

    If interest rates head higher, prices will be negatively affected.

    I know a guy and his wife who are selling their house for the same price they bought it for in 2003. Put in some money to fix up. 8 hours of house payments down the drain. If he had rented he could’ve lived in a nicer place, in La Jolla, stress free.

    March 23, 2011 at 12:58 PM #680025
    Aecetia
    Participant

    You are right on target on double dip, interest rates and I agree that it would probably be less stressful to have rented the house rather than lost money on it while living in it. Many folks I know do not want the hassle of being a landlord or at least that is the reason they give me for not wanting to rent out a house they are basically losing money on.

    March 23, 2011 at 12:58 PM #680079
    Aecetia
    Participant

    You are right on target on double dip, interest rates and I agree that it would probably be less stressful to have rented the house rather than lost money on it while living in it. Many folks I know do not want the hassle of being a landlord or at least that is the reason they give me for not wanting to rent out a house they are basically losing money on.

    March 23, 2011 at 12:58 PM #680694
    Aecetia
    Participant

    You are right on target on double dip, interest rates and I agree that it would probably be less stressful to have rented the house rather than lost money on it while living in it. Many folks I know do not want the hassle of being a landlord or at least that is the reason they give me for not wanting to rent out a house they are basically losing money on.

    March 23, 2011 at 12:58 PM #680832
    Aecetia
    Participant

    You are right on target on double dip, interest rates and I agree that it would probably be less stressful to have rented the house rather than lost money on it while living in it. Many folks I know do not want the hassle of being a landlord or at least that is the reason they give me for not wanting to rent out a house they are basically losing money on.

    March 23, 2011 at 12:58 PM #681185
    Aecetia
    Participant

    You are right on target on double dip, interest rates and I agree that it would probably be less stressful to have rented the house rather than lost money on it while living in it. Many folks I know do not want the hassle of being a landlord or at least that is the reason they give me for not wanting to rent out a house they are basically losing money on.

    March 23, 2011 at 1:03 PM #680055
    urbanrealtor
    Participant

    I am surprised it has only dropped that much.
    Aside from the obviously slack demand on the consumption side, there is a lot less supply than there used to be. I suspect a lot of the consumption is eating up old and incomplete supply stores.

    In other words, developments where the lots and/or the houses were to some degree built.

    When I sell up in Temecula now (not exactly my urban cup of tea but cheap as hell) I see lots of developments that have changed hands or where it was started 7 years ago and then restarted at a slower pace more recently.

    March 23, 2011 at 1:03 PM #680109
    urbanrealtor
    Participant

    I am surprised it has only dropped that much.
    Aside from the obviously slack demand on the consumption side, there is a lot less supply than there used to be. I suspect a lot of the consumption is eating up old and incomplete supply stores.

    In other words, developments where the lots and/or the houses were to some degree built.

    When I sell up in Temecula now (not exactly my urban cup of tea but cheap as hell) I see lots of developments that have changed hands or where it was started 7 years ago and then restarted at a slower pace more recently.

    March 23, 2011 at 1:03 PM #680723
    urbanrealtor
    Participant

    I am surprised it has only dropped that much.
    Aside from the obviously slack demand on the consumption side, there is a lot less supply than there used to be. I suspect a lot of the consumption is eating up old and incomplete supply stores.

    In other words, developments where the lots and/or the houses were to some degree built.

    When I sell up in Temecula now (not exactly my urban cup of tea but cheap as hell) I see lots of developments that have changed hands or where it was started 7 years ago and then restarted at a slower pace more recently.

    March 23, 2011 at 1:03 PM #680862
    urbanrealtor
    Participant

    I am surprised it has only dropped that much.
    Aside from the obviously slack demand on the consumption side, there is a lot less supply than there used to be. I suspect a lot of the consumption is eating up old and incomplete supply stores.

    In other words, developments where the lots and/or the houses were to some degree built.

    When I sell up in Temecula now (not exactly my urban cup of tea but cheap as hell) I see lots of developments that have changed hands or where it was started 7 years ago and then restarted at a slower pace more recently.

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