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peterb
ParticipantTry to find out what homes like yours, in your area are actually selling for right now. Comparable sales within the last month, if possible. Then decide if that number is ok with you or not. I would keep in mind that the last down cycle went from 1990 to 1996. If you think that this down cycle started in 2006, then there’s a good chance it will not stabilize until 2012 or later.
This is a difficult position to be in right now. I sold my personal residence in the early 1990’s and bought back in 1998. Saved me about 20% on price. And time on the therapist couch. As having a mortgage during that time was very stressful. Not so much from declining values, but from unemployment concerns.
ParticipantTry to find out what homes like yours, in your area are actually selling for right now. Comparable sales within the last month, if possible. Then decide if that number is ok with you or not. I would keep in mind that the last down cycle went from 1990 to 1996. If you think that this down cycle started in 2006, then there’s a good chance it will not stabilize until 2012 or later.
This is a difficult position to be in right now. I sold my personal residence in the early 1990’s and bought back in 1998. Saved me about 20% on price. And time on the therapist couch. As having a mortgage during that time was very stressful. Not so much from declining values, but from unemployment concerns.
ParticipantTry to find out what homes like yours, in your area are actually selling for right now. Comparable sales within the last month, if possible. Then decide if that number is ok with you or not. I would keep in mind that the last down cycle went from 1990 to 1996. If you think that this down cycle started in 2006, then there’s a good chance it will not stabilize until 2012 or later.
This is a difficult position to be in right now. I sold my personal residence in the early 1990’s and bought back in 1998. Saved me about 20% on price. And time on the therapist couch. As having a mortgage during that time was very stressful. Not so much from declining values, but from unemployment concerns.
Participantzk, you’re getting it. For the middle man, it’s all about the transactions. Not the investment or the risk. Just bring the volume. Why do you think NAR spends so much time and money blowing sunshine up the media’s skirt? The bottom is just about it…etc…and the lower it gets, the more people buy into it.
Participantzk, you’re getting it. For the middle man, it’s all about the transactions. Not the investment or the risk. Just bring the volume. Why do you think NAR spends so much time and money blowing sunshine up the media’s skirt? The bottom is just about it…etc…and the lower it gets, the more people buy into it.
Participantzk, you’re getting it. For the middle man, it’s all about the transactions. Not the investment or the risk. Just bring the volume. Why do you think NAR spends so much time and money blowing sunshine up the media’s skirt? The bottom is just about it…etc…and the lower it gets, the more people buy into it.
Participantzk, you’re getting it. For the middle man, it’s all about the transactions. Not the investment or the risk. Just bring the volume. Why do you think NAR spends so much time and money blowing sunshine up the media’s skirt? The bottom is just about it…etc…and the lower it gets, the more people buy into it.
Participantzk, you’re getting it. For the middle man, it’s all about the transactions. Not the investment or the risk. Just bring the volume. Why do you think NAR spends so much time and money blowing sunshine up the media’s skirt? The bottom is just about it…etc…and the lower it gets, the more people buy into it.
November 17, 2008 at 10:28 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306299ParticipantWhat’s the odds that this kind of economic failure will follow other unions besides just the UAW? Like for example, the unions that work for the public sector? This may be a trend that coninues for some time as most of these unions got contracts that were basically unsustainable deals back in the day. Destined to blow-up in the future. And now, the future is just about here.
November 17, 2008 at 10:28 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306666ParticipantWhat’s the odds that this kind of economic failure will follow other unions besides just the UAW? Like for example, the unions that work for the public sector? This may be a trend that coninues for some time as most of these unions got contracts that were basically unsustainable deals back in the day. Destined to blow-up in the future. And now, the future is just about here.
November 17, 2008 at 10:28 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306680ParticipantWhat’s the odds that this kind of economic failure will follow other unions besides just the UAW? Like for example, the unions that work for the public sector? This may be a trend that coninues for some time as most of these unions got contracts that were basically unsustainable deals back in the day. Destined to blow-up in the future. And now, the future is just about here.
November 17, 2008 at 10:28 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306698ParticipantWhat’s the odds that this kind of economic failure will follow other unions besides just the UAW? Like for example, the unions that work for the public sector? This may be a trend that coninues for some time as most of these unions got contracts that were basically unsustainable deals back in the day. Destined to blow-up in the future. And now, the future is just about here.
November 17, 2008 at 10:28 PM in reply to: OT: The nail is on the coffin…UAW leader says no more concessions #306759ParticipantWhat’s the odds that this kind of economic failure will follow other unions besides just the UAW? Like for example, the unions that work for the public sector? This may be a trend that coninues for some time as most of these unions got contracts that were basically unsustainable deals back in the day. Destined to blow-up in the future. And now, the future is just about here.
ParticipantI think there’s a very good chance that the real estate market could experience a “relief rally” just as the stock market probably will going into March or April of 2009. By the same logic that prices are now so low that there are bargains to be had. I will be looking to sell into this myself. My only concern is that unemployment could trump this in a big way if more lay-offs come down the pike in the next few months.
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