[gogFloark]

hehehehehehe

I like the housing forum at Craig's List, it's a great trolling spot right now.

[fygESytT]

I was lucky, though I still took a loss when all was said and done. Mainly because I was in a hurry.

My coworker's brother has a place in DC he has been trying to sale for months... nothing. I do feel for the non-flippers.

[Senasivar]

I' still up modestly on my house over all since I bought it but I'm certainly down over last year. It was all on paper profits anyway so I'm happy enough to simply live in my own house.

[chootsonege]

Pretty far out. I'm surprised to see it sitting, though, considering that people are still moving into the area.

[BartRonalds]

The only surprise is that it took so long. Apparently sale volume was way down earlier, but prices had not yet started to reflect this.

[Qxkmsxsx]

Originally posted by DanS
As some of you remember, 1995 and 1996 were somewhat sluggish economically. Greenspan kept speaking of a "Goldilocks economy," where the economy grew at a sustainable pace. It wouldn't surprise me if the same thing happened this year and next.
Of all the stupid fads Greenspan launched "goldilocks economy" certainly stood out.

[slimsex]

Originally posted by Flubber
Banks let you borrow against the new equity after an appraisal so its all good Speaking of banks

Housing slowdown may hit bank profits

[Xiciljed]

The bbc website has house prices in the south east up 6% on last year, surrey up 10% and my council up 20%. You keep holding onto that pipe dream mate.

[lapInsalm]

One might argue that a soft landing is better than a bubble burst for everyone, including the losers.

[avdddcxnelkaxz]

Why would this be bad?

it is good for people who need to buy a house, young couples etc

[CULTDIAMONDS]

If you are a house buyer , especially a family looking for increased space, then a hard, hard landing is in your interests.

[MIBgirlsXXL]

Anyone moving up, but first time buyers is the most extreme example.

[WFSdZuP3]

Originally posted by TCO
If you are a house buyer , especially a family looking for increased space, then a hard, hard landing is in your interests. Assuming of course that you don't lose your job in the process. High housing prices are financing borrowing in the US, a hard crash will lead to bankrupcies and a general decrease in consumer spending. This will result in an economic downturn. The severity of the housing market decline will determine if this is a minor dip or a recession.

[Z2sc8gEz]

Originally posted by Flubber
Thats the way I feel. My house is up HUGE is the 4 years since we built it and if I sold I could probably pocket about 350K.

But whats the point? Unless I change cities I would just end up buying back into the same market -- -

Banks let you borrow against the new equity after an appraisal so its all good That brings up an interesting point that I've been wrestling with personally. If you mark your home to market, an increase in price while interest rates are stable or rising only adds to your carrying cost for the space.

[mdUzAMbG]

Originally posted by DanS


I don't think you can say that. There are a lot of factors in our economy besides house prices. You must certainly can say that. Even that Greenspan of yours acknowledges that home equity extraction has been underpinning consumptions growth to the tune of hundreds of billions a year and that this represented substantial risk to the economy were the house market to crash.

[AgJ5mNXM]

Originally posted by Colon™


You must certainly can say that. Even that Greenspan of yours acknowledges that home equity extraction has been underpinning consumptions growth to the tune of hundreds of billions a year and that this represented substantial risk to the economy were the house market to crash. [DanS]Nothing can happen as long as profits keep increasing[/DanS]

[www.forumsovetov.ru]

Originally posted by Victor Galis


Assuming of course that you don't lose your job in the process. High housing prices are financing borrowing in the US, a hard crash will lead to bankrupcies and a general decrease in consumer spending. This will result in an economic downturn. The severity of the housing market decline will determine if this is a minor dip or a recession. of course.

[chodeasyday]

A lot of people in the US take out loans using their house as collateral to finance purchases. This is similar to using a credit card, except since the loans are secured by something (the house) they are much lower interest.

Once housing prices fall, people will be unable to take out further home-equity loans because their debts will be greater than the new value of the house. If housing prices fall hard, then it might even be better for them to let the bank foreclose on the house since it's now worth less than if they paid back the loan.

[alias]

Originally posted by Provost Harrison


You're going to be talking over £1000 a month...and that is without being anywhere particular fancy... Wow, that makes Cannes look cheap (Not even going to mention how cheap that makes my current living arangement in comparison.)

[2puO4Rhf]

I've heard that the average American family's savings rate is -.2%.

It's not so much that the whole system falls apart, but rather that a decrease in consumption causes companies to lay off workers who then also stop consuming, and so on.

I honestly don't know, because the idea of borrowing to consume more is alien to me.