I'll be taking a couple of days off - back on Monday, so please talk amongst yourselves...
Report on your local markets here - anyone out looking at homes this weekend?
Centex running any $100,000 off Easter sales?
Bush do anything crazy? Cheney shoot anyone? Hillary doing any new polling?
April 15, 2006
Happy Easter
Subscribe to:
Post Comments (Atom)
22 comments:
Congratulate me! I successfully talked my sister of of buying a house in Las Vegas. The new construction, 1800 sq ft shitbox was listed at $390,000, but they we're willing to "knock off" $30k if they submitted the offer that day. I was working against her husband's realtor "friend" and his con artist pressure tactics and false advice and that "real estate only goes up".
Doin' my part to prevent loved ones from buying overpriced real estate! Happy Easter!
Your good advice is no match for their realtor's REkungFu! Your loved ones will be back looking at overpriced shitboxes next week! The only difference this time...They will not tell you first! Hai!
What if it goes up more. Will you move her in???
I was reading the BLOG THREAD on this site under the Heading, "Enjoying these GAS PRICES TODAY".
Someone Thread-Jacked this over to 911 and this tripped a RED FLAG and the DEBUNK MACHINE GOT TURNED UP TO FULL SPEED...
It is absolutely hilarious; I mean that I could not stop laughing after reading these folks duke it out on 911 (ROT) TECH.
here's a direct link:
http://www.blogger.com/comment.g?blogID=18675105&postID=114495326267725638
SEE THIS:
PRICE REDUCTION of a House in NORTH DOVER, TOMS, RIVER, NJ 08755
The problem with not buying now is that if interest rates go up to 10% or so, most of your savings from waiting will be wiped out by much higher mortgage payments.
If interest rates go to 10% house prices will be cut in half...
It take 3 things to sell a house: a willing buyer, a willing seller, and a willing lender.
The fed is cracking down on junk financing (by the time rates get to 10%, no-doc and neg-amort loans will be history) and oh yea, buyers are going to have to qualify for those monthly payments again using conservative qualifying ratios like 28/36... just like it was for decades before the bubble mania.
All this adds up to higher rates and tighter lending standards = much lower housing prices going forward.
FINAL NOTE: If the FED guns the money supply like there is no tommorow... then fiat dollar prices of houses may stay flat or rise; however the relitive purchasing power of housing against everything else you need in life is going to CRASH AND BURN!
What if the Fed inflates its way out of this situation? Would banks collapse due to losses on all their loans?
It won't. The US is not ready to admit it has become a 3rd world country.
Yet.
You all don't get it. The game today is to borrow all the money you want as long as you can make the minimum payments needed to barely service the debt. Interest rates? - who cares! Just keep consumin'.
The Fed is ready and willing to "help" us in this madness. They will look after old friends like Robert Rubin at Citigroup so don't worry about the big money center banks. Squadron commander Bernanke is warming up his chooper now...
Helecopter Ben is not President, The Senate, Congress, The Global Economic Market, or China's Poodle. It is out of our hands.
Really, all I did was present the "other side" of the argument. I showed them numbers from sites like Bubble Tracking and Housing Tracker and they made up their own minds. If they would have bought, they would have paid twice their current rent. This is clearly a high risk, low reward scenario.
You have to show the other side or the realtors will have you believe that you'll be rich in no time, as rapid appreciation will continue (especially in Vegas). They'll pull pages and quotes from Lereah's con artist book about real estate being the best investment blah blah blah. They'll do whatever they can, sell their soul, sell out a friend, to make that 6%.
A fantastic blog yours. Keep it up.
If you have a moment, please visit my arizona petroleum engineering job sites site.
I send you warm regards and wish you continued success.
This is an excellent blog. Keep it going.You are providing
a great resource on the Internet here!
If you have a moment, please take a look at my stock market advice site.
Have a great week!
Hi there Blogger, a real useful blog.Keep with the good work.
If you have a moment, please visit my stock market data site.
I send you warm regards and wishes of continued success.
Your blog I found to be very interesting!
I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
I have a bad central credit florida mortgage
site.
Come and check it out if you get time :-)
Best regards!
I am here because of search results for blogs with a related topic to mine.
Please,accept my congratulations for your excellent work!
I have a stock art site.
Come and check it out if you get time :-)
Best regards!
Hello Friend! I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
Keep up the great work, you are providing a great resource on the Internet here!
If you have a moment, please make a visit to my bad credit investment mortgages site.
Good luck in your endeavors!
Hi Friend! You have a great blog over here!
Please accept my compliments and wishes for your happiness and success!
If you have a moment, please take a look at my .org employment oregon state site.
Have a great day!
Hello Friend! I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
Keep up the great work, you are providing a great resource on the Internet here!
If you have a moment, please make a visit to my bad credit lead mortgage site.
Good luck in your endeavors!
Hi Fellow! I was just searching blogs,and I found yours! I like it!
If you have a moment, please visit my bad credit loan personal student site.
Good luck!
I suggest that you try catalog cards all American gold. You can apply online at http://catalog-cards-all-american-gold.thedealclub.info and get the card right for you.
Post a Comment