Home |
Search |
Today's Posts |
#22
![]()
posted to rec.boats
|
|||
|
|||
![]()
wrote in message
... On Wed, 30 Jan 2008 22:55:01 GMT, "JoeSpareBedroom" wrote: "Eisboch" wrote in message om... wrote in message ... 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. There was a gold rush mentality in Florida. People were paying outragous prices for houses right up into the summer of 2006. That was really when it crashed. The first round of defaults on contracts, not buying a house they had a down payment on was really not until the fall of 2006. The buillders were still able to pocket the $50,000 deposit and sell them that much cheaper. Around thanksgiving was when they weren't moving either. My wife (builder) was laid off in March 2007. The prices were in free fall until they levelled off about 30% below the summer 2006 price. (pre-construction prices) This is the house around the corner from me http://www.leepa.org/Scripts/Propert...lioID=10274192 price date 455,000 12/22/2004 295,000 3/15/2002 195,000 9/1/1994 133,000 8/1/1990 That's insane. |
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Forum | |||
McCain: Immigration Issue Led to Threats | General |