Why aren’t more people talking about price ADJUSTMENTS

[Anonymous]

And yet, people are still buying. I just saw a house I was eyeing, just to see how it depreciates, and now it’s pending. I cringe every time I see a house go “Pending”, granted some of these do fall out of pending, but some don’t. These are the people that are making the market stabilize at a much slower pace.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[cr]

I heard for the first time in mainstream media some lady on CNBC yesterday say dropping prices are a good thing, because people will actually be able to afford homes.

All the billions in equity you hear people lamenting about homeowners losing was never even their money in the first place. The fact is not everyone can own a home, and there’s still a significant correction underway. Since it’s a hot political topic though, politician’s will pretend to care until a more pressing issue surfaces.

If Congress wants to help, they can take a pay cut and bail out their constituents out of their own pension.

[Eugene]

For every responsible renter with enough money to buy a house (even at pre-bubble prices) there are five homeowners who stand to lose tons of money if house values go down.

[Eugene]

For every responsible renter with enough money to buy a house (even at pre-bubble prices) there are five homeowners who stand to lose tons of money if house values go down.

[Eugene]

For every responsible renter with enough money to buy a house (even at pre-bubble prices) there are five homeowners who stand to lose tons of money if house values go down.

[Eugene]

For every responsible renter with enough money to buy a house (even at pre-bubble prices) there are five homeowners who stand to lose tons of money if house values go down.

[Eugene]

For every responsible renter with enough money to buy a house (even at pre-bubble prices) there are five homeowners who stand to lose tons of money if house values go down.

[nostradamus]

Yes I’m in shock that anyone can justify buying a home now, regardless of their situation (kids, stability, I just like the home, whatever). I’m sure the kids would like it better if you spent that $50k on toys than on depreciation over the next couple months. Sheesh. That’s college tuition right there. That’s private school money. That’s a new Lexus.. that’s… thats… my god I’m rambling.

I did see that SD placed 16 on affordability, and I saw that they tied Detroit… DETROIT! For 3rd place in falling RE prices.

link

[nostradamus]

Yes I’m in shock that anyone can justify buying a home now, regardless of their situation (kids, stability, I just like the home, whatever). I’m sure the kids would like it better if you spent that $50k on toys than on depreciation over the next couple months. Sheesh. That’s college tuition right there. That’s private school money. That’s a new Lexus.. that’s… thats… my god I’m rambling.

I did see that SD placed 16 on affordability, and I saw that they tied Detroit… DETROIT! For 3rd place in falling RE prices.

link

[nostradamus]

Yes I’m in shock that anyone can justify buying a home now, regardless of their situation (kids, stability, I just like the home, whatever). I’m sure the kids would like it better if you spent that $50k on toys than on depreciation over the next couple months. Sheesh. That’s college tuition right there. That’s private school money. That’s a new Lexus.. that’s… thats… my god I’m rambling.

I did see that SD placed 16 on affordability, and I saw that they tied Detroit… DETROIT! For 3rd place in falling RE prices.

link

[nostradamus]

Yes I’m in shock that anyone can justify buying a home now, regardless of their situation (kids, stability, I just like the home, whatever). I’m sure the kids would like it better if you spent that $50k on toys than on depreciation over the next couple months. Sheesh. That’s college tuition right there. That’s private school money. That’s a new Lexus.. that’s… thats… my god I’m rambling.

I did see that SD placed 16 on affordability, and I saw that they tied Detroit… DETROIT! For 3rd place in falling RE prices.

link

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