tag:blogger.com,1999:blog-18675105.post6222389700069034009..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Here's another hilarious condo development in Scottsdale Arizona - "The Mark" - where 2-bedroom dorms are going for $900,000 (cheese not included)bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger48125tag:blogger.com,1999:blog-18675105.post-2363722064888797212007-12-21T23:52:00.000+00:002007-12-21T23:52:00.000+00:00"Jenna Jameson lives in Las Vegas."Correct. The p..."Jenna Jameson lives in Las Vegas."<BR/><BR/>Correct. The porn producer she was married to lived in Scottsdale, but they are divorced and she now lives in Vegas and banging UFC fighters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4183642091613723192007-12-21T23:00:00.000+00:002007-12-21T23:00:00.000+00:00these look like public housing with nice landscapi...these look like public housing with nice landscaping. They could give them to displaced new orleans citizens.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70366480364759082672007-12-21T16:33:00.000+00:002007-12-21T16:33:00.000+00:00Wait a second!They named it "The Mark"?As in the p...Wait a second!<BR/><BR/>They named it "The Mark"?<BR/><BR/>As in the phrase con artists use to refer to the suckers they steal or dupe money from?<BR/><BR/>That's Rich.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-66504839796563258652007-12-21T09:27:00.000+00:002007-12-21T09:27:00.000+00:00could sell billions at 50,000 and cheap financing....could sell billions at 50,000 and cheap financing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52988091525477131852007-12-21T09:26:00.000+00:002007-12-21T09:26:00.000+00:00lets see ...i buy one if these govt housing there ...lets see ...i buy one if these govt housing there at 50,000 and i average my million dollar hpuse and break even at .......... 27 yearsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89087124837329977452007-12-21T09:20:00.000+00:002007-12-21T09:20:00.000+00:00Oh but why stop at the Mark. Scottsdale is buildin...Oh but why stop at the Mark. Scottsdale is building an entire Ghost City, starting with downtown.Unknownhttps://www.blogger.com/profile/08461313431353052129noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58521379920446069952007-12-21T09:19:00.000+00:002007-12-21T09:19:00.000+00:00100,000 max, as govt affordable housing with a pro...100,000 max, as govt affordable housing with a property tax at 5 percent..... and assiciative attempting politics to restrain expenses,.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60213013635102830682007-12-21T08:15:00.000+00:002007-12-21T08:15:00.000+00:00read in neighborhood section notice "FBR Open" fu...read in neighborhood section notice "FBR Open" fuct borrower open houses they'll be havingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87869972680838082012007-12-21T08:00:00.000+00:002007-12-21T08:00:00.000+00:001 Bedroom + Den - $474,575Bedrooms : 1 Bathrooms :...1 Bedroom + Den - $474,575<BR/>Bedrooms : 1 <BR/>Bathrooms : 2<BR/>1/2 Baths : 0 Sq. Ft : 1257<BR/>Master Bedroom : 1st Floor<BR/><BR/>are they fricken kidding? at the peak of the bubble 475K would have gotten you a nice unattached house in north county san Diego with at least 1400 sq feet. Who is stupid enough to accept 100 degree + desert wasteland with a real estate economy for this insane price.Now that SD home is being auctioned off in the low 300's and Scottsdale is still this expensive?????? W....T.....F!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-7597062955342126562007-12-21T03:08:00.000+00:002007-12-21T03:08:00.000+00:00So I checked out TheMark website and saw only whit...<I>So I checked out TheMark website and saw only white people in the pictures. What does that mean?</I><BR/><BR/>They are Republicans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67028510996028025612007-12-21T02:57:00.000+00:002007-12-21T02:57:00.000+00:00You will wish you were run over by a Buick driven ...<I>You will wish you were run over by a Buick driven by an illegal alien when you were six years old befor it is over...</I><BR/><BR/>LMAO<BR/><BR/>Almost as good as:<BR/><BR/>They will be burning the telephone poles to keep warm. or They will be drinking dog piss out of rusty hub caps...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-19222932495465138152007-12-21T02:52:00.000+00:002007-12-21T02:52:00.000+00:00The opportunity cost on $900,000 is $4,500 per mon...The opportunity cost on $900,000 is $4,500 per month. Add another $2,000 per month for fees and taxes, and you take a loss of $5,000 per month over renting. But if you think that the condos will appreciate at least 7% per year net of transaction costs you would break even. This explains why someone would buy it. They think 7% per year should be easy to get over the long term. But the current market is headed down, so why not wait and buy it for at least a half million less within two years? Even if you were planning to live there a long time to gain the 7%, you might still end up living in a most empty complex, a breeding ground for criminal squatters.<BR/><BR/>Now we see how the developer prices these things. He assumes that the buyers assume at least 7% appreciation. See he is selling investments, not living space. This is the heart of our current problem.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29865799946141078292007-12-21T01:50:00.000+00:002007-12-21T01:50:00.000+00:00Yep! I'm gonna get me one of these here $900,000 c...Yep! I'm gonna get me one of these here $900,000 condos. I'll simply take my credit card, and borrow the $8000 for the payment and fees for the first month. Then, when the next month rolls around, i'll just write 'em a bouncing check. I figure that I can get 4 months out of 'em before they finally FORCE me out the door. But, they better be nice to me, cause if they ain't, I am gonna piss in their fancy ice machine. "No, ladies and gentlemen, that ain't lemonade in your glass!" Cheers!!taterhttps://www.blogger.com/profile/01956974366787321172noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57990066637278914302007-12-21T01:33:00.000+00:002007-12-21T01:33:00.000+00:00But jenna jameson and mike tyson live there.---Jen...But jenna jameson and mike tyson live there.<BR/><BR/>---<BR/><BR/>Jenna Jameson lives in Las Vegas.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68648945027197591972007-12-21T00:17:00.000+00:002007-12-21T00:17:00.000+00:00$900,000? Try $200,000 soon$900,000? Try $200,000 soonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38654725842154958002007-12-21T00:09:00.000+00:002007-12-21T00:09:00.000+00:00Wow. I thought the DC area was bad. That is utterl...Wow. I thought the DC area was bad. That is utterly ridiculous.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5628745169730744262007-12-20T21:03:00.000+00:002007-12-20T21:03:00.000+00:00Consultant- apparently Carol. Oh wait...you have ...Consultant- apparently Carol. Oh wait...you have to have MONEY now in order to "invest".<BR/><BR/>Carol Carol Carol. Amway, worm castings, and then failure in real estate investing. Honey, please stop. Get off the computer and go take care of your home and children. (if you are even a real person)<BR/><BR/>Go read Proverbs! "Those who hasten to become rich shall not go unpunished", "A foolish man devours all he has". It's not the "business", dear, it's you. Tell your husband to get a real job and work live within your means (everyone respects stay at home moms who do this) or you will destroy your family with your own hands.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-33583277687985544892007-12-20T20:32:00.000+00:002007-12-20T20:32:00.000+00:00So I checked out TheMark website and saw only whit...So I checked out TheMark website and saw only white people in the pictures. What does that mean?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53575865936208764352007-12-20T20:17:00.000+00:002007-12-20T20:17:00.000+00:00Check this out. Maybe this will make the $900K ask...Check this out. Maybe this will make the $900K asking price worth it:<BR/>http://www.decadesusa.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5749845020909408322007-12-20T19:58:00.000+00:002007-12-20T19:58:00.000+00:00In this case, The Mark is going to be the bank tha...In this case, The Mark is going to be the bank that loaned the money for this disaster of a project. I'm sure the developer/CEO has paid himself very well from the bank's coffers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-17844924802216980252007-12-20T19:44:00.000+00:002007-12-20T19:44:00.000+00:00What "The Chump" was taken?What "The Chump" was taken?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-68146087465802971062007-12-20T18:37:00.000+00:002007-12-20T18:37:00.000+00:00"Vegas has its own special category along with Tam..."Vegas has its own special category along with Tampa. It's got an F-minus-minus."<BR/><BR/>I always laugh when I hear someone in my family or a dope realtor claim Vegas is going to rebound next year when 4,000 new mcjobs are created.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-60502663524799539202007-12-20T18:21:00.000+00:002007-12-20T18:21:00.000+00:00at most only 1/2 of those 16 will bail. the other...at most only 1/2 of those 16 will bail. the other really are that stupid.stuckinthecityhttps://www.blogger.com/profile/04103831140035179103noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6852344553130039632007-12-20T17:58:00.000+00:002007-12-20T17:58:00.000+00:00I love the photo with the old guy and two hot girl...<I>I love the photo with the old guy and two hot girls. Do the HOA fees include hookers?</I><BR/><BR/>LOL, been to Scottsdale in the last year? All the hot girls packed up and left.<BR/><BR/><I>But jenna jameson and mike tyson live there.</I><BR/><BR/>And even THEY have left! Yes, Scottsdale has sunk even below their level!!<BR/><BR/><I>The Hotel Valley Ho, is that located in Nappy Valley?</I><BR/><BR/>Actually, yes, that would accurately describe that part of town....Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1490275228326080432007-12-20T17:40:00.000+00:002007-12-20T17:40:00.000+00:00Excellent picture of the rising sun through the sm...Excellent picture of the rising sun through the smog. You even get a rooftop pool, just so you could be a little closer to the frickin' searing sun of Scottsdale in August. Anyone who bought is proof of the greater fool theory.Anonymousnoreply@blogger.com