What's the housing market going to do?

[Sam]

Even Houston, TX is affected by this downturn. Not by a lot, but still.

I wonder how long it will be before we hear again from the people who were absolutely certain that real estate was the smartest LONG TERM investment? Where are they now?

[Meadbh]

Best of luck with the house sale!
Real estate is local.....and check out some of the addresses in NL!

Photos: What one Metro Vancouver home, priced at $1M, can get you in Newfoundland

[Texas Proud]

Quote:

Originally Posted by Sam Even Houston, TX is affected by this downturn. Not by a lot, but still. I wonder how long it will be before we hear again from the people who were absolutely certain that real estate was the smartest LONG TERM investment? Where are they now?

Sam... I am in Houston and I think it has affected us a lot... not a little...

I sold my house for about 15% less than it would have sold a couple of years ago... I bought the house I am in now for about 12% less...


Take a look at the listing at Har.com and click on the 'reduced price' in your zip.... I bet there are hundreds of houses that show up... true, so of these people were in la la land to begin with, thinking their house was worth a whole lot more than it is.... but still...