"Eisboch" wrote in message
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wrote in message
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On Wed, 30 Jan 2008 16:52:47 GMT, Short Wave Sportfishing
wrote:

Home prices are down 25-30% but government spending is still
gong up.

25/30%?

Maybe in some over inflated markets - not around here.

That is what the price of houses that actually sell reflects. (SW Fla)
Certainly people may be thinking their market is better than that but
what is the price of the houses that actually move?

I'd buy those numbers in certain parts of Florida. For several years the
market value of some homes were going up by 15-20 percent/year. It all
came to a screeching halt in 2003-2004.

Eisboch



I always like to ask the question "Why should prices go up by those
percentages?" In many cases, there's no sane reason. Here, there were a
couple of neighborhoods where that happened. The excuse was that the schools
were so much better. Later, people who moved to those places said that the
only thing "better" were the drugs the kids could get, and the cars their
parents bought them. Quite a few people have moved back to the place they
thought they wanted to get away from: The city.