tag:blogger.com,1999:blog-18675105.post113694149452534083..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Help a HP reader - offer your free advice - should he buy or bolt?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-18675105.post-1155288874920789572006-08-11T10:34:00.001+01:002006-08-11T10:34:00.001+01:00I was searching blogs,and I found yours.Please,acc...I was searching blogs,and I found yours.Please,<BR/>accept my congratulations for your excellent work!<BR/>If you have a moment, please visit my <A HREF="http://www.loans-center.biz" REL="nofollow">bad credit loans apply online</A> site. <BR/>Have a good day!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1155247684685315402006-08-10T23:08:00.000+01:002006-08-10T23:08:00.000+01:00Hi Fellow! I was just searching blogs,and I found ...Hi Fellow! 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Keep it up.If you have a m...A fantastic blog yours. Keep it up.<BR/>If you have a moment, please visit my <A HREF="http://www.job-portal.ws" REL="nofollow">arkansas application developer job site</A> site.<BR/>I send you warm regards and wish you continued success.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1138380596832363962006-01-27T16:49:00.000+00:002006-01-27T16:49:00.000+00:00Hey, Do you love blogging? I think that is an out ...Hey,<BR/><BR/> Do you love blogging? I think that is an out of point question... If you mind we (me and my brother) need to learn more about affiliate programs... <BR/><BR/>If it is not out of point we appreciate if we could read/learn about this programs on this "blog" <BR/><BR/>A such informative "blog" might have what we are looking for too... <BR/><BR/>Thank You!<BR/><A HREF="http://www.IMCmake-money-fast-online.com" REL="nofollow">"blog"</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137098207694893652006-01-12T20:36:00.000+00:002006-01-12T20:36:00.000+00:00Did you lose the $2500?They were probably understa...Did you lose the $2500?<BR/><BR/>They were probably understanding because they know what is going on. We'll all be screwed in one way or another.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137094284726915162006-01-12T19:31:00.000+00:002006-01-12T19:31:00.000+00:00Thank you everyone for the great advice. I have de...Thank you everyone for the great advice. I have decided to walk away from the deal. I initially selected this house as a short term investment property but the value has nowhere else to go but down. I went into the office today and informed them of my decision. They were very understanding and courteous. Im not sure if it is all of KB or not but the sales rep (Doyle) was very easy to work with. <BR/><BR/>Thanks again!<BR/>AjayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137037346450026392006-01-12T03:42:00.000+00:002006-01-12T03:42:00.000+00:00Ajay,after all of our opinions, we'd like to hear ...Ajay,<BR/><BR/>after all of our opinions, we'd like to hear from you. What is your decision now? <BR/><BR/>Maybe you should thank all those who gave you advice freely and with best intentions, and saved you from possible financial ruin.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137035392203967532006-01-12T03:09:00.000+00:002006-01-12T03:09:00.000+00:00KB HOMES are shit. that is why no KB employs live ...KB HOMES are shit. that is why no KB employs live in them. Get out now. buy a used home that has some character and is near civilization. buy at summerlin, and you will waste your life away on I60 traffic, but atleast it is closer to things than Queen Creek.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137029728466756882006-01-12T01:35:00.000+00:002006-01-12T01:35:00.000+00:00one more thing..I thought I was crazy for paying 2...one more thing..I thought I was crazy for paying 227k for a 1990 home in Califronia 3 years ago. People told me I was stupid and it was a bad move. I now can say that was the best move I ever did. Even though I doubted my move for a while. the feeling of waking up to my own home and somewhere for my son to run around in, a yard, offset my feelings of doubt. If its a HOME cool, if its an ATM your F-d.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137029421434082922006-01-12T01:30:00.000+00:002006-01-12T01:30:00.000+00:00as long as he doesnt look at it as an 'Investment'...as long as he doesnt look at it as an 'Investment' and as a 'home' and can afford it he is fine. We have to accept that some people 'can' afford these prices. Not all are FBs with a crazy loan amking ends meet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137028566702570582006-01-12T01:16:00.000+00:002006-01-12T01:16:00.000+00:00sleeping in your worst investment, waking up every...sleeping in your worst investment, waking up every day and looking at the four walls that you knew when you bought it were overpriced, yet you went ahead, would not be fun<BR/><BR/>why take the risk? just rent. sleep well. and come back a year from now and see where the market's atbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137027241576479882006-01-12T00:54:00.000+00:002006-01-12T00:54:00.000+00:00Look, its simple. If you can 'afford' it, getting ...Look, its simple. If you can 'afford' it, getting yourself a fixed 30 or 15yr, plan on staying, getting married, raising kids. DO IT. Most woman like 'new' stuff so your wife will be happy. So who cares if the market comes crumbling down. Your buying it to be a HOME and not an ATM.<BR/> <BR/>NOW...if you are thinking short term (flipper mentality) with I/O,NEG.AM, ARM Loan kind of stuff. DTB (Dump that bitch )Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137020538138962932006-01-11T23:02:00.000+00:002006-01-11T23:02:00.000+00:00"The houses are so close together : Your neighbor ..."The houses are so close together : Your neighbor sneezes and You say God bless You."<BR/><BR/>Each time you fart you blow down a neighbors wall and stink up the whole neighborhood.<BR/><BR/>those houses are pieces of shit. Tract homes are easily a dime a dozen. Who the hell's going to occupy them in a few years once the boomers retire and move into trailers in Florida or Texas? Sell, sell, sell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137017164485553612006-01-11T22:06:00.000+00:002006-01-11T22:06:00.000+00:00Ajay,Looks like a great House..If You really Love ...Ajay,<BR/><BR/>Looks like a great House..If You really Love it and Its a place to hang Your hat and a place to call Home Then Go for it. However, If your looking at this property as an investment..Do Your Home work..Tract Homes are a dime a Dozen whether Your in Florida,Las Vegas, or countless other states.I have seen many and most of them have the huge clubhouse with the Pool and a slide the kids just Love. I follow Jim Cramer On Mad Money..I heard him say in the past that some of those houses can fall 40 percent...He's not always on the Money. I looked at one of these Model Homes the Michaelanglo I think it was..Something Like 425 In Florida..I could rent the same House for 2000 month..Do the numbers..I decided against living there as all the houses and mailboxes are the same..Hell You can pull into a garage walk up the stairs and get into bed and only find out your in the wrong cookie cutter and its not Your wife.The houses are so close together : Your neighbor sneezes and You say God bless You.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1137000889871642052006-01-11T17:34:00.000+00:002006-01-11T17:34:00.000+00:00GET OUT NOW! AND SAVE YOURSELF FROM MANY SLEEPLESS...GET OUT NOW! AND SAVE YOURSELF FROM MANY SLEEPLESS NIGHTS.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136998286289518772006-01-11T16:51:00.000+00:002006-01-11T16:51:00.000+00:00Let the $2,500 go.PLease heed the valuable comment...Let the $2,500 go.<BR/><BR/>PLease heed the valuable comments by Catherine Wilkerson (who is brave enough to identify herself especially since she is in the business). She is right on in her analysis.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136993845514502762006-01-11T15:37:00.000+00:002006-01-11T15:37:00.000+00:00Ajay,Disclosure first...I am a realtor (in Prescot...Ajay,<BR/>Disclosure first...I am a realtor (in Prescott) and I grew up in Gilbert and have seen the growth and the outcomes. I ditto almost everything everyone has commented on so far. I'd add that the sub-contractors that have worked on those tract homes are horribly under-qualified to build anything, including backyard forts. <BR/>I also know that there will be significant water rationing in the not distant future...it's the invisible issue that everyone doesn't consider or see coming until the prices soar and rationing begins. I KNOW that the east valley will under pressure to start rationing in the next two years. <BR/>You probably will be able to rent that very same house soon. Or something very similiar.<BR/>Mesa is loaded up with investors/flippers and they are flooding the market with their properties. They are desperate and I wouldn't touch a property in the east valley with a ten foot pole. <BR/>btw, mtrunner...I answered your question to me on another thread a couple of days ago! Hope you got it! <BR/>Good luck, Ajay...be patient.Catherine Wilkinsonhttps://www.blogger.com/profile/06095969173887557939noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136992775521824392006-01-11T15:19:00.000+00:002006-01-11T15:19:00.000+00:00KB homes are poorly built. I live in FL and looked...KB homes are poorly built. I live in FL and looked at them during construction and would never buy one. The workmanship os very poor. Looks good on the outside but looks cheap and shabby under the covers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136990427475786122006-01-11T14:40:00.000+00:002006-01-11T14:40:00.000+00:00Stocks can only go to zero. Housing can go way be...Stocks can only go to zero. Housing can go way below zero. <BR/><BR/>Go to realtor.com and enter 3br, 2.5ba, 300-325k for Mesa, AZ:<BR/><BR/>26 properties that will have to sell before yours. Most have spent 000s on landscaping, most only a few years old, etc.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136988569486919912006-01-11T14:09:00.000+00:002006-01-11T14:09:00.000+00:00Listen, if you come here looking for opinions chan...Listen, if you come here looking for opinions chances are you already knew what we'd say. <BR/><BR/>Nobody can predict the future. Will the bubble burst or will the housing train leave the station and you will be forever locked out of home ownership? <BR/><BR/>You must do some serious thinking and make this determination according to your own assessments because in the end, it wont be us who will suffer if you make the wrong move. <BR/><BR/>Remember, this is a house, not stock in Webvan (I dont know what that means but it sounds important).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136959962822904172006-01-11T06:12:00.000+00:002006-01-11T06:12:00.000+00:00...a 1% decline in the price of my house would hav...<I>...a 1% decline in the price of my house would have cost $60K</I><BR/><BR/>Ummmm.....Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136959801624880802006-01-11T06:10:00.000+00:002006-01-11T06:10:00.000+00:00I cashed out last year and am renting. Renting su...I cashed out last year and am renting. Renting sucks (it costs me $20K/year) but a 1% decline in the price of my house would have cost $60K. Prices in the Ventura County area where my house is went up for the first half of 2005 and have been flat to slightly down since then, and I don't feel like I've missed out on significant equity gains. I think most bubble areas are due for at least a 5% decline soon after the speculators and I/O crowd decides to bail (very soon, probably when the spring inventory comes on the market). You should try to sell your option as Robert Cote suggested and get out of the deal ASAP.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1136958226869934792006-01-11T05:43:00.000+00:002006-01-11T05:43:00.000+00:00It sounds that everyone says bolt, along withBuffe...It sounds that everyone says bolt, along with<BR/><BR/>Buffet <BR/>Templeton<BR/>Soros<BR/>and that guy who wrote rich dad poor dad<BR/><BR/>I think the smart people have spoken, the dumb people and money will get hurt just like the dot com days.Anonymousnoreply@blogger.com