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post #1 of 59 Old 07-25-2005, 1:53 PM Thread Starter
 
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post #2 of 59 Old 07-25-2005, 2:18 PM
 
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Re: The housing bubble

Yeah, that was Cowbnoy1600's gleeful "pop" comment on the "delinking" thread.

It's going to be interesting for sure.



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post #3 of 59 Old 08-18-2005, 12:15 AM
 
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Re: The housing bubble

Interesting little chart for your perusal:
http://www.usatoday.com/money/perfi/...valuations.htm
I'll admit I was a bit surprised by some of the numbers at the top of the overvalued list, as well as the number of mentions from the left coast.
Seriously - 69% overvalued? Wow.

I'd also like to point out that I don't feel very threatened as the land investments I have are in between 1% and 3% (meaning not at all really), and have jumped in value quite a bit in the last five years.
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post #4 of 59 Old 08-18-2005, 12:31 AM
 
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Re: The housing bubble

I just read the other day in the paper that this area is 3rd in the country for the highest value jump in the last year. I can confirm that my new home I bought a year ago can sell for almost double what I paid for it in a matter of hours. The market has cooled some in the past few months but it is still a seller's market in this area. They simply can't build new homes fast enough to keep up with demand. There are lotteries for waiting lists to get into a new neighborhood. Homes are being sold after numerous bids drive the price far above asking price in many instances. As far as a correction in the market, I see a slow down but not necessarily a decrease in prices anytime soon. I guess it depends on the area we're talking about. I wish I could've found the financing for 10 of these homes in my neighborhood a year ago at the price they were giving them away for. I'd be retired by now.
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post #5 of 59 Old 08-18-2005, 8:11 AM
 
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Re: The housing bubble

I gotta agree with Smkeatr, house prices in central florida are getting rediculous. It took a year and two months to build my house in O-town. The selling price the builder asked for in the timeframe went up 100%. The prices on the east coast are worse.
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post #6 of 59 Old 08-18-2005, 10:55 AM
 
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Re: The housing bubble

looks like texas is the place to move. they have 10 of the bottom 20.
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post #7 of 59 Old 08-18-2005, 10:57 AM Thread Starter
 
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Re: The housing bubble

Looks like by the time I'll be ready to buy a house I won't be able to afford one
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post #8 of 59 Old 08-18-2005, 2:28 PM
 
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Re: The housing bubble

Quote:
Originally Posted by ND4SPD
Looks like by the time I'll be ready to buy a house I won't be able to afford one
Yep. And if I waited any longer to find a house in orlando, my wife and four kids would be living in a cardboard box.
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post #9 of 59 Old 08-18-2005, 2:31 PM
 
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Re: The housing bubble

Quote:
Originally Posted by ND4SPD
Looks like by the time I'll be ready to buy a house I won't be able to afford one
Mortgages are easier to get than car loans. Banks don't mind financing an appreciating asset.

Go down to your bank and apply. My condo won't be finished until october, and already it's gone up 10-15 grand in value. You gots to get your piece of the pie!

And then there's this asshole...
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post #10 of 59 Old 08-18-2005, 2:32 PM
 
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Re: The housing bubble

Quote:
Originally Posted by phobiaphobe
Mortgages are easier to get than car loans. Banks don't mind financing an appreciating asset.

Go down to your bank and apply. My condo won't be finished until october, and already it's gone up 10-15 grand in value. You gots to get your piece of the pie!
I will agree with Phobe. While my house was built, it appreciated before I moved in. It is now worth more than double than what I paid for it.
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post #11 of 59 Old 08-18-2005, 3:20 PM
 
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Re: The housing bubble

Quote:
Originally Posted by bubba
looks like texas is the place to move. they have 10 of the bottom 20.
Cuz TX sucks patooty.
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post #12 of 59 Old 08-18-2005, 3:28 PM
 
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Re: The housing bubble

Quote:
Originally Posted by RRWANTR
Cuz TX sucks patooty.
Also, "PETE" lives there.

Stay away away from Texas.
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post #13 of 59 Old 08-18-2005, 3:32 PM
 
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Re: The housing bubble

Why do you think I'm getting my Real Estate license. I'm in the process of buying a house as an investment. Not only will it be my first deal in RE but I'm getting the commission on my own sale and listing. Can't beat that. It won't be done for 8 months, so I locked into the current price...nice and cheap $130k, in 8 months the equity alone will make me a happy camper. If the market continues it's current trend in May when it's built I'll have a cool 20-40K in equity.

Dan
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post #14 of 59 Old 08-18-2005, 3:53 PM
 
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Re: The housing bubble

Quote:
Originally Posted by ReaperAZ
... a cool 20-40K in equity.
That's like, 2-4 new motorcycles.

And then there's this asshole...
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post #15 of 59 Old 08-18-2005, 4:04 PM
 
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Re: The housing bubble

Quote:
Originally Posted by phobiaphobe
That's like, 2-4 new motorcycles.
That's the way to think Phobe.
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