Forum Replies Created
-
AuthorPosts
-
kev374
Participantplease watch this, 20 minutes…very good analysis!!!
ParticipantThis is an interesting read on the long term effects of such a plan:
http://www.cnbc.com/id/22150432
IMHO, home prices will continue to decline rapidly with or without the freeze. Freezing rates doesn’t stop the market from declining. Those that NEED to sell set the comps not those that are off the market.
This freeze will ACCELERATE the decline, why? Because lending will become MUCH tighter in effect further reducing the pool of those who qualify to buy. Less people to buy, lower prices go 🙂
ParticipantThis is an interesting read on the long term effects of such a plan:
http://www.cnbc.com/id/22150432
IMHO, home prices will continue to decline rapidly with or without the freeze. Freezing rates doesn’t stop the market from declining. Those that NEED to sell set the comps not those that are off the market.
This freeze will ACCELERATE the decline, why? Because lending will become MUCH tighter in effect further reducing the pool of those who qualify to buy. Less people to buy, lower prices go 🙂
ParticipantThis is an interesting read on the long term effects of such a plan:
http://www.cnbc.com/id/22150432
IMHO, home prices will continue to decline rapidly with or without the freeze. Freezing rates doesn’t stop the market from declining. Those that NEED to sell set the comps not those that are off the market.
This freeze will ACCELERATE the decline, why? Because lending will become MUCH tighter in effect further reducing the pool of those who qualify to buy. Less people to buy, lower prices go 🙂
ParticipantThis is an interesting read on the long term effects of such a plan:
http://www.cnbc.com/id/22150432
IMHO, home prices will continue to decline rapidly with or without the freeze. Freezing rates doesn’t stop the market from declining. Those that NEED to sell set the comps not those that are off the market.
This freeze will ACCELERATE the decline, why? Because lending will become MUCH tighter in effect further reducing the pool of those who qualify to buy. Less people to buy, lower prices go 🙂
ParticipantThis is an interesting read on the long term effects of such a plan:
http://www.cnbc.com/id/22150432
IMHO, home prices will continue to decline rapidly with or without the freeze. Freezing rates doesn’t stop the market from declining. Those that NEED to sell set the comps not those that are off the market.
This freeze will ACCELERATE the decline, why? Because lending will become MUCH tighter in effect further reducing the pool of those who qualify to buy. Less people to buy, lower prices go 🙂
December 7, 2007 at 12:35 PM in reply to: Repos hitting astounding new lows-will it affect the rest #111496Participantimo, the property even at 329k is severely overpriced. It should be more like $229k at the most. The house doesn’t have much value, it’s LOCATION LOCATION LOCATION. The location in this case is far far from civilization where you couldn’t get any decent jobs unless you work at a Starbucks! 70 miles and 2+ hr commute from Irvine may as well be in the countryside! And I don’t plan to become a farmer anytime soon!
December 7, 2007 at 12:35 PM in reply to: Repos hitting astounding new lows-will it affect the rest #111612Participantimo, the property even at 329k is severely overpriced. It should be more like $229k at the most. The house doesn’t have much value, it’s LOCATION LOCATION LOCATION. The location in this case is far far from civilization where you couldn’t get any decent jobs unless you work at a Starbucks! 70 miles and 2+ hr commute from Irvine may as well be in the countryside! And I don’t plan to become a farmer anytime soon!
December 7, 2007 at 12:35 PM in reply to: Repos hitting astounding new lows-will it affect the rest #111649Participantimo, the property even at 329k is severely overpriced. It should be more like $229k at the most. The house doesn’t have much value, it’s LOCATION LOCATION LOCATION. The location in this case is far far from civilization where you couldn’t get any decent jobs unless you work at a Starbucks! 70 miles and 2+ hr commute from Irvine may as well be in the countryside! And I don’t plan to become a farmer anytime soon!
December 7, 2007 at 12:35 PM in reply to: Repos hitting astounding new lows-will it affect the rest #111663Participantimo, the property even at 329k is severely overpriced. It should be more like $229k at the most. The house doesn’t have much value, it’s LOCATION LOCATION LOCATION. The location in this case is far far from civilization where you couldn’t get any decent jobs unless you work at a Starbucks! 70 miles and 2+ hr commute from Irvine may as well be in the countryside! And I don’t plan to become a farmer anytime soon!
December 7, 2007 at 12:35 PM in reply to: Repos hitting astounding new lows-will it affect the rest #111692Participantimo, the property even at 329k is severely overpriced. It should be more like $229k at the most. The house doesn’t have much value, it’s LOCATION LOCATION LOCATION. The location in this case is far far from civilization where you couldn’t get any decent jobs unless you work at a Starbucks! 70 miles and 2+ hr commute from Irvine may as well be in the countryside! And I don’t plan to become a farmer anytime soon!
Participantwell, seller sentiment has still not changed entirely. A lot are still holding out the hope that things will rebound by next summer and then prices will start picking up. I see a lot of new inventory from sellers with considerable equity still priced very high. Of course equity assumption is based on last selling price vs listed price, we all know that many have used their homes like ATM machines and have little or no equity left.
Participantwell, seller sentiment has still not changed entirely. A lot are still holding out the hope that things will rebound by next summer and then prices will start picking up. I see a lot of new inventory from sellers with considerable equity still priced very high. Of course equity assumption is based on last selling price vs listed price, we all know that many have used their homes like ATM machines and have little or no equity left.
Participantwell, seller sentiment has still not changed entirely. A lot are still holding out the hope that things will rebound by next summer and then prices will start picking up. I see a lot of new inventory from sellers with considerable equity still priced very high. Of course equity assumption is based on last selling price vs listed price, we all know that many have used their homes like ATM machines and have little or no equity left.
-
AuthorPosts
