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jpinpb.
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September 14, 2009 at 4:51 PM #456572September 14, 2009 at 4:51 PM #456767
Anonymous
GuestAs posted a year ago on this thread these units were being adverstised and sold for almost 25% less than this NOD. Ouch. Imagine the lively conversations amongst the HOA members. 600K, 550K, 500K, 450K, 400K …..When the reinflation fails, and it will, we’ll find south of 400K is where these belonged from the beginning.
September 14, 2009 at 4:51 PM #457104GuestAs posted a year ago on this thread these units were being adverstised and sold for almost 25% less than this NOD. Ouch. Imagine the lively conversations amongst the HOA members. 600K, 550K, 500K, 450K, 400K …..When the reinflation fails, and it will, we’ll find south of 400K is where these belonged from the beginning.
September 14, 2009 at 4:51 PM #457177GuestAs posted a year ago on this thread these units were being adverstised and sold for almost 25% less than this NOD. Ouch. Imagine the lively conversations amongst the HOA members. 600K, 550K, 500K, 450K, 400K …..When the reinflation fails, and it will, we’ll find south of 400K is where these belonged from the beginning.
September 14, 2009 at 4:51 PM #457371GuestAs posted a year ago on this thread these units were being adverstised and sold for almost 25% less than this NOD. Ouch. Imagine the lively conversations amongst the HOA members. 600K, 550K, 500K, 450K, 400K …..When the reinflation fails, and it will, we’ll find south of 400K is where these belonged from the beginning.
September 14, 2009 at 5:16 PM #456591jpinpb
ParticipantYes, I agree that these should have been in the 300k range and I think most people I’ve discussed this with have concurred. I honestly can’t imagine what it must be like to have bought at peak for 605k. I would not walk. I would run!
For now, they holding on. They have State and Federal tax credit, so they can float. Banks don’t want to take it, so add a year of free living. Guess we’ll check back in another year and see how they’re doing.
Still curious to see what effect inflation will have. All I can say is there had better be wage inflation to go along w/that. Or maybe the banks will lend to dead people again. They are already slicing and dicing the FHA loan packages, so they’re up to their old tricks.
September 14, 2009 at 5:16 PM #456787ParticipantYes, I agree that these should have been in the 300k range and I think most people I’ve discussed this with have concurred. I honestly can’t imagine what it must be like to have bought at peak for 605k. I would not walk. I would run!
For now, they holding on. They have State and Federal tax credit, so they can float. Banks don’t want to take it, so add a year of free living. Guess we’ll check back in another year and see how they’re doing.
Still curious to see what effect inflation will have. All I can say is there had better be wage inflation to go along w/that. Or maybe the banks will lend to dead people again. They are already slicing and dicing the FHA loan packages, so they’re up to their old tricks.
September 14, 2009 at 5:16 PM #457124ParticipantYes, I agree that these should have been in the 300k range and I think most people I’ve discussed this with have concurred. I honestly can’t imagine what it must be like to have bought at peak for 605k. I would not walk. I would run!
For now, they holding on. They have State and Federal tax credit, so they can float. Banks don’t want to take it, so add a year of free living. Guess we’ll check back in another year and see how they’re doing.
Still curious to see what effect inflation will have. All I can say is there had better be wage inflation to go along w/that. Or maybe the banks will lend to dead people again. They are already slicing and dicing the FHA loan packages, so they’re up to their old tricks.
September 14, 2009 at 5:16 PM #457197ParticipantYes, I agree that these should have been in the 300k range and I think most people I’ve discussed this with have concurred. I honestly can’t imagine what it must be like to have bought at peak for 605k. I would not walk. I would run!
For now, they holding on. They have State and Federal tax credit, so they can float. Banks don’t want to take it, so add a year of free living. Guess we’ll check back in another year and see how they’re doing.
Still curious to see what effect inflation will have. All I can say is there had better be wage inflation to go along w/that. Or maybe the banks will lend to dead people again. They are already slicing and dicing the FHA loan packages, so they’re up to their old tricks.
September 14, 2009 at 5:16 PM #457390ParticipantYes, I agree that these should have been in the 300k range and I think most people I’ve discussed this with have concurred. I honestly can’t imagine what it must be like to have bought at peak for 605k. I would not walk. I would run!
For now, they holding on. They have State and Federal tax credit, so they can float. Banks don’t want to take it, so add a year of free living. Guess we’ll check back in another year and see how they’re doing.
Still curious to see what effect inflation will have. All I can say is there had better be wage inflation to go along w/that. Or maybe the banks will lend to dead people again. They are already slicing and dicing the FHA loan packages, so they’re up to their old tricks.
September 15, 2009 at 6:15 AM #456686Guest[quote=jpinpb]There’s 18k credit incentive. People sometimes overpay just to use a coupon.[/quote]
Exactly. 600K + drank the ‘Cash for Clunkers’ koolaid. I can’t deny the short term benefits to our broken economy but all of the government intervention only skews the markets and disallows price discovery. Unsustainable on so many fronts. With our help the bubbles are inflating before our very eyes. We collectively have learned nothing.
September 15, 2009 at 6:15 AM #456879Guest[quote=jpinpb]There’s 18k credit incentive. People sometimes overpay just to use a coupon.[/quote]
Exactly. 600K + drank the ‘Cash for Clunkers’ koolaid. I can’t deny the short term benefits to our broken economy but all of the government intervention only skews the markets and disallows price discovery. Unsustainable on so many fronts. With our help the bubbles are inflating before our very eyes. We collectively have learned nothing.
September 15, 2009 at 6:15 AM #457218Guest[quote=jpinpb]There’s 18k credit incentive. People sometimes overpay just to use a coupon.[/quote]
Exactly. 600K + drank the ‘Cash for Clunkers’ koolaid. I can’t deny the short term benefits to our broken economy but all of the government intervention only skews the markets and disallows price discovery. Unsustainable on so many fronts. With our help the bubbles are inflating before our very eyes. We collectively have learned nothing.
September 15, 2009 at 6:15 AM #457292Guest[quote=jpinpb]There’s 18k credit incentive. People sometimes overpay just to use a coupon.[/quote]
Exactly. 600K + drank the ‘Cash for Clunkers’ koolaid. I can’t deny the short term benefits to our broken economy but all of the government intervention only skews the markets and disallows price discovery. Unsustainable on so many fronts. With our help the bubbles are inflating before our very eyes. We collectively have learned nothing.
September 15, 2009 at 6:15 AM #457486Guest[quote=jpinpb]There’s 18k credit incentive. People sometimes overpay just to use a coupon.[/quote]
Exactly. 600K + drank the ‘Cash for Clunkers’ koolaid. I can’t deny the short term benefits to our broken economy but all of the government intervention only skews the markets and disallows price discovery. Unsustainable on so many fronts. With our help the bubbles are inflating before our very eyes. We collectively have learned nothing.
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