tag:blogger.com,1999:blog-18675105.post6958994771058338235..comments2024-01-15T12:16:41.302+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Want to know what an epic housing crash looks like? Broward Country Florida has a SEVEN YEAR supply of unwanted homes on the market (so far)bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-18675105.post-27620679141978261952007-07-06T19:28:00.000+01:002007-07-06T19:28:00.000+01:00Collapse comments Anonymous said... Holy Hell!!!!C...Collapse comments<BR/> <BR/><BR/>Anonymous said... <BR/>Holy Hell!!!!<BR/><BR/>Can anyone tell me WHY SALES IN ARIZONA ARE MUCH HIGHER THAN IN FLORIDA???? <BR/><BR/>WHY ISN'T AZ SEEING THE SAME BUILD UP LIKE FLORIDA????<BR/><BR/>Thanks. <BR/><BR/>July 03, 2007 6:48 AM<BR/><BR/>-----------------------------------<BR/><BR/>Because people are actually moving to Arizona. No HURRICANES. It may be hot here, but at least you know that your house will still be here after the hurricane season.....and we don't have to stock pile generators and board our windows when it gets hot.....oh yea, and the humidity is not so high here that you break a sweat breathing....Oh, and I don't look out in my pool to find an ALLIGATOR!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6986292140979934722007-07-05T13:13:00.000+01:002007-07-05T13:13:00.000+01:00To other Columbusites,Getting my info about New Al...To other Columbusites,<BR/><BR/>Getting my info about New Albany from realtors who specialize in that part of Columbus. Just heard yesterday that there are 500+ layoffs coming from The Limited anytime now. Being that MANY New Albany residents, especially the grossly overpaid folks living in the NA Country Club, work (or are about to become former employees) for the The Limited, it's about to get much worse as far as housing goes. I believe that NA is overpriced by about 20%. Some homes listed for sale have been sitting for a LONG time, others get sold pretty quick at or near asking price. Who the idiots are who are buying homes in NA right now, I don't know. But New Albany, OH is a fantasyland: I'd guesstimate that at least half the people living there truly can't afford to, based on the number of current foreclosures, bankruptcies, divorces, Hummers (no mountains here!), taxes, etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90759535418702151742007-07-04T16:49:00.000+01:002007-07-04T16:49:00.000+01:00"Well this might be an abnormally low number for J..."Well this might be an abnormally low number for June but what about the winter coming up?<BR/><BR/>sequoia512 "<BR/><BR/>My point is that after prices have dropped some (who knows how much, its obviously a controversial topic) the number of buyers will go back up. So you could easily have 4 time as many buyers a year or two years from now, at which point a 7 year supply will become a 1-2 year supply.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20009619839946991652007-07-04T14:43:00.000+01:002007-07-04T14:43:00.000+01:00Dear Colombo:You said: Doesn't look like much of ...Dear Colombo:<BR/><BR/>You said: <I>Doesn't look like much of a crash to me. Although realtors here are crying doom-n-gloom, there are still a ton of homes being sold each week. Should I be happy (I live in what seems like a stable area) or sad (I'm renting but want to buy).</I><BR/><BR/>Columbus, Ohio has ELEVEN of the top foreclosure zip codes in the United States. Lots and LOTS of auction notices. <BR/><BR/>Armed with that knowledge are you still willing to say, "doesn't look like much of a crash to me." Don't forget, REO sold homes and auction sales are ALSO considered home sales.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26359696615728055582007-07-04T08:26:00.000+01:002007-07-04T08:26:00.000+01:00I think squatters should be allowed to take over a...I think squatters should be allowed to take over any house that has been a REO for over 12 months as a primary residence. They must be able to prove that it is their primary residence. If they are found to own another home already, they will be charged with a felony. This would solve the problem of neighborhoods going to hell and also help keep property values from plunging due to vandalism. That should also give Bush's American Dream homeownership program a boost.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-55390892985252374092007-07-04T04:04:00.000+01:002007-07-04T04:04:00.000+01:00GNARLY.GNARLY.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-13544046139143391292007-07-04T03:50:00.000+01:002007-07-04T03:50:00.000+01:00Well this might be an abnormally low number for Ju...Well this might be an abnormally low number for June but what about the winter coming up?<BR/><BR/>sequoia512Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-37866618080085383002007-07-04T00:35:00.000+01:002007-07-04T00:35:00.000+01:00Cant make you payment?Light a match or just leave ...Cant make you payment?<BR/>Light a match or just leave something on the stove. <BR/><BR/>http://www.nbc-2.com/articles/readarticle.asp?articleid=13286&z=3&p=<BR/><BR/>towjam<BR/>Member of the REICTowjamhttps://www.blogger.com/profile/07335423308440780310noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-38865674520210119352007-07-03T23:44:00.000+01:002007-07-03T23:44:00.000+01:00God, when Mid-Westerners are tuning in it is defin...God, when Mid-Westerners are tuning in it is definitely a housing bubble!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10751288087550236532007-07-03T22:18:00.000+01:002007-07-03T22:18:00.000+01:00Please Keith, it's not a "housing crash". It's a "...Please Keith, it's not a "housing crash". It's a "post-boom market". Let's keep it PC.Joehttps://www.blogger.com/profile/15821510208282537853noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52117054527865025162007-07-03T19:39:00.000+01:002007-07-03T19:39:00.000+01:00I'm yet another Columbusite. What do you other Col...I'm yet another Columbusite. <BR/><BR/>What do you other Columbusites think of our market? Overvalued? How much?<BR/><BR/>And where do you find news like that about New Albany and other local areas?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56695972127170731142007-07-03T19:35:00.000+01:002007-07-03T19:35:00.000+01:00Not that I think the housing market is in good sha...Not that I think the housing market is in good shape or anything, but you calculated that 7 years figure based on an abnormally low sales number. Sure inventory is huge, but its not THAT hugeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5032495259950485432007-07-03T17:19:00.000+01:002007-07-03T17:19:00.000+01:00I see a fellow Columbus-ite posted above. Welcome...I see a fellow Columbus-ite posted above. Welcome!<BR/><BR/>Keith, or anyone, take a look (Columbus housing market) at this:<BR/><BR/>http://tinyurl.com/ytr8mj<BR/><BR/>Doesn't look like much of a crash to me. Although realtors here are crying doom-n-gloom, there are still a ton of homes being sold each week. Should I be happy (I live in what seems like a stable area) or sad (I'm renting but want to buy).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50608481743896381942007-07-03T16:35:00.000+01:002007-07-03T16:35:00.000+01:00I see a fellow Columbus-ite posted above. Welcome...I see a fellow Columbus-ite posted above. Welcome!<BR/><BR/>Keith, or anyone, take a look (Columbus housing market) at this:<BR/><BR/>http://tinyurl.com/ytr8mj<BR/><BR/>Doesn't look like much of a crash to me. Although realtors here are crying doom-n-gloom, there are still a ton of homes being sold each week. Should I be happy (I live in what seems like a stable area) or sad (I'm renting but want to buy).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-41276417526494837172007-07-03T15:53:00.000+01:002007-07-03T15:53:00.000+01:00I lived in South Florida in the 90's for 4 years. ...I lived in South Florida in the 90's for 4 years. Home prices were reasonably priced back then. It was always a given that home prices were relatively low in South Florida because the job market and salaries are poor compared to other parts of the country. I am very glad I no longer live there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65444512991423104382007-07-03T15:00:00.000+01:002007-07-03T15:00:00.000+01:00Late Payments Rise for Home Equity Loans, Fall for...Late Payments Rise for Home Equity Loans, Fall for Credit CardsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-72782079912459527552007-07-03T14:53:00.000+01:002007-07-03T14:53:00.000+01:007 years of bad luck.Looks like the REIC really bro...7 years of bad luck.<BR/><BR/>Looks like the REIC really broke the mirror this time.Mammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5846120739120787762007-07-03T14:33:00.001+01:002007-07-03T14:33:00.001+01:00Ha! New Albany, OH (NE side of Columbus) has an 8...Ha! New Albany, OH (NE side of Columbus) has an 8+ year supply of homes in the New Albany Country Club! Sucks to be a (once) grossly overpaid laid-off loser working for The Limited, doesn't it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-43050496453008999232007-07-03T14:33:00.000+01:002007-07-03T14:33:00.000+01:00Isn't that the same county where people were too s...Isn't that the same county where people were too stupid to use simple voting machines in 2000?<BR/><BR/>No big suprise.<BR/><BR/>BoomAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-79213304188561782852007-07-03T14:30:00.000+01:002007-07-03T14:30:00.000+01:00Son do you know how fast you were going?Seven. Sev...Son do you know how fast you were going?<BR/><BR/>Seven. Seven miles an hourAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-5906038630255984362007-07-03T13:51:00.000+01:002007-07-03T13:51:00.000+01:00Just wait until the Hurricanes start coming in 2-3...Just wait until the Hurricanes start coming in 2-3 months...<BR/><BR/>Marky MarkAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-42027930309343273872007-07-03T13:30:00.000+01:002007-07-03T13:30:00.000+01:00Imagine some happy day in the future when all of t...Imagine some happy day in the future when all of the South Florida Condos and homes sell. Imagine--what will that place be like with 6 million people? What would be the appeal of the place (already questionable)? They win they loose, they loose either way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-30184883614723986992007-07-03T11:10:00.000+01:002007-07-03T11:10:00.000+01:00Hey, somebody fit the hp troll for a tin foil hat!...Hey, somebody fit the hp troll for a tin foil hat!!!!!!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-36113257024399869862007-07-03T11:07:00.000+01:002007-07-03T11:07:00.000+01:00This report should have come out on 07/07/07 just...This report should have come out on 07/07/07 just for fun.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75052410940889893392007-07-03T10:59:00.000+01:002007-07-03T10:59:00.000+01:00The Florida Association of Realtors is not publish...The Florida Association of Realtors is not publishing their May 07 number on their web site. The numbers usually come out like clockwork. The numbers must really look bad.David in JAXhttps://www.blogger.com/profile/09371542144837323413noreply@blogger.com