tag:blogger.com,1999:blog-18675105.post113599018830742124..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Dot-Condo Update: Condo market is due for a checkup (elephants-to-be reaching for the sky)bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18675105.post-1136050181758438572005-12-31T17:29:00.000+00:002005-12-31T17:29:00.000+00:00ANON: FYIPeople fleeing pricey coastal states for ...ANON: FYI<BR/><BR/>People fleeing pricey coastal states for South, West<BR/>12/22/2005 12:01 AM <BR/><BR/>In the USATODAY there was just such a situation being described<BR/>http://www.usatoday.com/news/nation/2005-12-22-census-data_x.htm<BR/><BR/>Kieth,<BR/><BR/>My Bro. in Law is cited in the above article. He tells me it is not that there is too much land per se but that the culture is pro growth. Look at the Fortune 500's based in the metroplex. A good portion are builders. Building is alot ofwhat DFWer's do for a living. Centex DR Horton etal.Metroplexualhttps://www.blogger.com/profile/14292504988481464302noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136045261048786352005-12-31T16:07:00.000+00:002005-12-31T16:07:00.000+00:00Dallas Texas is an anomaly. The economy there is ...Dallas Texas is an anomaly. The economy there is not bad, and incomes are relatively strong. I actually believe that the bursting of the housing bubble could benefit this region considerably due to migration.<BR/><BR/>Medium home price to avg. income est. (multiple):<BR/><BR/>Dallas 2.3 -3.0<BR/>San Diego 8.5 – 9.0<BR/><BR/>As people start to realize that you can lose money buying overpriced property, it’ll likely lead to a move for less expensive real estate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136044817948953092005-12-31T16:00:00.000+00:002005-12-31T16:00:00.000+00:00if the bubble hadn't popped, texas sure would look...if the bubble hadn't popped, texas sure would look attractive<BR/><BR/>but think about it - during the biggest bubble ever, texas didn't see appreciation<BR/><BR/>amazing<BR/><BR/>just too much landbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136043793365911942005-12-31T15:43:00.000+00:002005-12-31T15:43:00.000+00:00I was just down in Dallas last month. I my god wh...I was just down in Dallas last month. I my god what you can buy down there. <BR/>My understanding is that the market is continually being fed new housing and stuff that is over ten years old is considered obsolete. So they just build more. It is one of the most affordable places to live in the country that has a real economy. Time will tell if it hits there at all but the only reason I could see the bubble burst affecting the region is if the psychology of the impending implosion affects them as well.Metroplexualhttps://www.blogger.com/profile/14292504988481464302noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1135993375102415412005-12-31T01:42:00.000+00:002005-12-31T01:42:00.000+00:00Interesting to see Dallas foreclosures this year a...Interesting to see Dallas foreclosures this year as high as they were back in 89. Texas real estate really has never totally recovered from their collapse in the 80s and 90s. Neither has Japan.<BR/><BR/>Are there any nationwide statistics available that show:<BR/><BR/>1. Percentage of real estate contracts with contingencies that the buyer will sell their own home first before closing on the new deal?<BR/><BR/>2. And the percentage of these deals that fail because the buyer couldn't sell his first property? <BR/><BR/>I imagine we'll see a chain effect and spiral effect of unsold contracts that keep getting cancelled.dnallyhttps://www.blogger.com/profile/08769730416372691171noreply@blogger.com