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Old 03-08-2008, 11:19 AM   #41
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In the future, many of these McMansions could end up as "plexes"...
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Old 03-08-2008, 01:35 PM   #42
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Quote:
Originally Posted by chinaco View Post
House prices are probably a bit over done. Things will get back to normal. Those paper loses today will narrow in the next year or so.... big gains in the value of houses.
Chinaco, are you pulling our collective leg here?

This is the kind of statement that I'd make, but is would be dripping with sarcasm.
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Old 03-08-2008, 01:39 PM   #43
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Originally Posted by Texarkandy View Post
* As to the future of interest rates (which I think are being artificially held down right now)- well, I'd like to hear anyone's thoughts on that......
In a few days, rates are going to artificially go significantly lower. Then down again the month after, and so on.

I can guarantee that they won't drop by more than about 300 basis points though!
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"A Glut of Foreclosed Homes of Historic Proportions"
Old 03-25-2008, 09:13 AM   #44
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"A Glut of Foreclosed Homes of Historic Proportions"

According to an article in the WSJ today, "A glut of foreclosed homes of historic proportions" is causing price declines to accelerate at a rapid pace. 40% of home sales in both San Diego and Las Vegas are now comprised of foreclosures. "The overabundance of foreclosed homes is likely to push down home prices for much of the country for the next several years," predicted a housing-research firm in Cleveland.

The buyers are there, but they're expecting fire sale prices. It's not a pretty picture if you happen to live in one of these stricken areas.


Wave of Foreclosures Drives Prices Lower, Lures Buyers - WSJ.com
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