- This topic has 90 replies, 12 voices, and was last updated 15 years, 11 months ago by
ibjames.
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January 20, 2009 at 1:34 PM #332093January 20, 2009 at 1:42 PM #332302
4plexowner
Participantnot surprising that you would suggest a govt interventionist ‘solution’ to the problem of excess downtown condos, esmith
the free market will take care of this problem the same way it takes care of all financial problems when given the chance
the price of downtown condos will drop until investors can buy them and rent them out at a profit
I’ll be looking for smaller buildings where I can control all or most of the units to avoid the HOA issues
January 20, 2009 at 1:42 PM #331776Participantnot surprising that you would suggest a govt interventionist ‘solution’ to the problem of excess downtown condos, esmith
the free market will take care of this problem the same way it takes care of all financial problems when given the chance
the price of downtown condos will drop until investors can buy them and rent them out at a profit
I’ll be looking for smaller buildings where I can control all or most of the units to avoid the HOA issues
January 20, 2009 at 1:42 PM #332190Participantnot surprising that you would suggest a govt interventionist ‘solution’ to the problem of excess downtown condos, esmith
the free market will take care of this problem the same way it takes care of all financial problems when given the chance
the price of downtown condos will drop until investors can buy them and rent them out at a profit
I’ll be looking for smaller buildings where I can control all or most of the units to avoid the HOA issues
January 20, 2009 at 1:42 PM #332113Participantnot surprising that you would suggest a govt interventionist ‘solution’ to the problem of excess downtown condos, esmith
the free market will take care of this problem the same way it takes care of all financial problems when given the chance
the price of downtown condos will drop until investors can buy them and rent them out at a profit
I’ll be looking for smaller buildings where I can control all or most of the units to avoid the HOA issues
January 20, 2009 at 1:42 PM #332218Participantnot surprising that you would suggest a govt interventionist ‘solution’ to the problem of excess downtown condos, esmith
the free market will take care of this problem the same way it takes care of all financial problems when given the chance
the price of downtown condos will drop until investors can buy them and rent them out at a profit
I’ll be looking for smaller buildings where I can control all or most of the units to avoid the HOA issues
January 20, 2009 at 2:42 PM #332153blahblahblah
ParticipantWhat is the seller mood?
Delusional, with occasional bouts of depression…
January 20, 2009 at 2:42 PM #332258ParticipantWhat is the seller mood?
Delusional, with occasional bouts of depression…
January 20, 2009 at 2:42 PM #332342ParticipantWhat is the seller mood?
Delusional, with occasional bouts of depression…
January 20, 2009 at 2:42 PM #331817ParticipantWhat is the seller mood?
Delusional, with occasional bouts of depression…
January 20, 2009 at 2:42 PM #332230ParticipantWhat is the seller mood?
Delusional, with occasional bouts of depression…
January 20, 2009 at 3:40 PM #332291CA renter
ParticipantDoesn’t DataQuick use average/median prices as opposed to same-home sales?
I think the appreciation and depreciation rates are exaggerated because:
-at the low end, the sales have been rising, largely due to investors and some first-time buyers purchasing the low-priced foreclosures.
-at the high end, you have truly wealthy buyers paying cash or putting down large down payments on houses that have lost value, but were falling from very, very high prices. Basically, a $1.3MM house goes for $1.1MM, so it looks like prices are high. Buyers are committing the same amount of money as during the boom, but they are buying more house for the money. It makes it look like prices are holding up.
Thoughts?
January 20, 2009 at 3:40 PM #331877ParticipantDoesn’t DataQuick use average/median prices as opposed to same-home sales?
I think the appreciation and depreciation rates are exaggerated because:
-at the low end, the sales have been rising, largely due to investors and some first-time buyers purchasing the low-priced foreclosures.
-at the high end, you have truly wealthy buyers paying cash or putting down large down payments on houses that have lost value, but were falling from very, very high prices. Basically, a $1.3MM house goes for $1.1MM, so it looks like prices are high. Buyers are committing the same amount of money as during the boom, but they are buying more house for the money. It makes it look like prices are holding up.
Thoughts?
January 20, 2009 at 3:40 PM #332212ParticipantDoesn’t DataQuick use average/median prices as opposed to same-home sales?
I think the appreciation and depreciation rates are exaggerated because:
-at the low end, the sales have been rising, largely due to investors and some first-time buyers purchasing the low-priced foreclosures.
-at the high end, you have truly wealthy buyers paying cash or putting down large down payments on houses that have lost value, but were falling from very, very high prices. Basically, a $1.3MM house goes for $1.1MM, so it looks like prices are high. Buyers are committing the same amount of money as during the boom, but they are buying more house for the money. It makes it look like prices are holding up.
Thoughts?
January 20, 2009 at 3:40 PM #332402ParticipantDoesn’t DataQuick use average/median prices as opposed to same-home sales?
I think the appreciation and depreciation rates are exaggerated because:
-at the low end, the sales have been rising, largely due to investors and some first-time buyers purchasing the low-priced foreclosures.
-at the high end, you have truly wealthy buyers paying cash or putting down large down payments on houses that have lost value, but were falling from very, very high prices. Basically, a $1.3MM house goes for $1.1MM, so it looks like prices are high. Buyers are committing the same amount of money as during the boom, but they are buying more house for the money. It makes it look like prices are holding up.
Thoughts?
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