Do you foresee the Real Estate Bubble bursting anytime soon? - texas real estate market
Statistically, the revenue is not keeping pace with prices and inflation. I predict California dominates in the housing market crash.
(Texas) I can not pay anything over $ 120K and less than $ 150K, the houses are old, abandoned, sick, without concessions from sellers, in questionable neighborhoods.
In 1962 my parents bought a house 2500 square meters in a suburb of San Jose, California, for $ 30k. In 1966, sold for $ 33K. Today, because of taxes, inflation would demand EXTREEM, and the mentality of real estate, house - with the general improvements - run over $ 650k. I do not expect to sell the house for $ 33K, but at a fair price under $ 100 per square foot ...
So now people are starting to realize - in this frenzy of real estate - in a short period, homes in San Diego and other communities will be achieved.
What is your spin on this issue? See the link ...
... http://articles.moneycentral.msn.com/Ban
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Wednesday, January 13, 2010
Texas Real Estate Market Do You Foresee The Real Estate Bubble Bursting Anytime Soon?
10 comments:
I hate to say it, but the prices are almost 30% in San Diego, the line from that predicted what we are like two years ago. The bubble has burst in most parts of the country. These places were in the forefront of turning on itself.
The price of thirty years ago have nothing to do with today's conditions. The price is the marginal supply and demand, marginal. It is not only a wide range of supply and demand is very strong, places like the Bay Area, San Diego, etc.. It is important at a price that someone who does not earn $ 10 per hour can afford. There are enough people who can and want to keep the price level where it is. If they do, the prices are already among the dead.
This is probably as accessible as things go now. I have no crystal ball, I can not make promises, how soon, but the economy a much better indicator of the what and when.
You want to get more affordable housing? To build relief. Since most of thirty year here in California have done nothing but completely prohibit new construction for the development of halting. But this has an impact on property prices. You can not pretend to be surprised that so many live in an area where the offer was strongly wish to have increased the prices, as they have.
This is already happening in the area in which we live, the market is flooded with seizures, since no payment loans to minorities and purchasers of handguns in the distributed load of the boat. Now the houses are in poor condition and worth even less than they paid for them. In this area will reduce the value of all seizures of homes and builders are forced to liquidate real estate. People who have the pre-sales of existing homes actually sell you their capital, their homes. If we try to sell our house, now we should have a loss. We have just before 9 / 11, when the houses were super inflated and lasted about $ 55,000 for improvements in our house. We are determined here for quite a while.
This is already happening in the area in which we live, the market is flooded with seizures, since no payment loans to minorities and purchasers of handguns in the distributed load of the boat. Now the houses are in poor condition and worth even less than they paid for them. In this area will reduce the value of all seizures of homes and builders are forced to liquidate real estate. People who have the pre-sales of existing homes actually sell you their capital, their homes. If we try to sell our house, now we should have a loss. We have just before 9 / 11, when the houses were super inflated and lasted about $ 55,000 for improvements in our house. We are determined here for quite a while.
ahh sweety they havent turned on a television or read a newspaper article ... the bubble burst in the housing market almost a year ago. that the property market is full of houses for sale and not enough buyers.
attack on the houses to explode due to bad credit and loans from many companies ... and what has happened, it gave loans to people who can not afford. then the banks were in the possession of many of these houses with ordinary people who try to take yours, ... There are many houses ...
Well, if you are looking for a house for a sweet price, what to do ... is to obtain a list of foreclosed homes because the banks are selling very, very good ... Bank lenders, not the seller is home, so they are willing to take a loss to get rid of a property.
The other thing you can do is look at the type of houses you like, sold by the owners of newspapers and come with an offer terribly low ... You will be surprised, but I was able to start working with you and you can gowith a large amount in a house in a market that couldnt pay ... The reason is that they are regularly homeowners are hoping to get for their money, but to fulfill a way for a customer unless they are very Niavaran Wil get a lot less than what they ask ... then I say go for it!
look .. one of the houses he bought recently unveiled at 309,000 .... I came with an offer of 250,000 and I was sold by 272,000 ... I told them the reasons there are many other things there, and if she has to sell her house, where a border.
It gets worse first .. We rejected are in a recession, but most will.
already! According to reports, sales fell 41% in the last year.an article I have just read today (Raleigh, NC, "News and Observer.") Does the view that increasing numbers of homeless people this year due to declining real estate market, with little or no increase incomes.raleigh was a dream, buyers and real estate agents in combination, but the market is so bad, people falling property prices for the sale, and with a significant financial impact that buying.lenders doing.people Arent and "m CA is "a big mess.
never
Already burst. Prices are falling in most markets.
He met. Some Canadians have a very high cost of the stronger Canadian dollar homes in the U.S. for some time, but this can not last. He hide the fact that the U.S. domestic market is dead.
Well, not even the woman of today. The bull is already out ...
Decline for people who buy a home price by 50%, at least that's how it in California. For several years, people have houses they could not afford, almost everyone who bought a house they could not afford. Well, if these people want at home can not sell, because only half receive what they paid, because they can activate the full price. Even if you want a house you can not afford to buy more because the banks have got that really strict with. We now have a large proportion of homeowners with mortgages they can not pay and no one to buy, and the banks want their money now because declining home values.
It is a real group F ** k
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