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SpiralHawk (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:25 PM Original message |
"There are signs of a real estate downturn everywhere." - CBS |
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villager (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:27 PM Response to Original message |
1. "It's over" -- quote from a mortgage house VP |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:42 PM Response to Reply #1 |
43. I live in the hottest, trendiest neighborhood in my city |
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stop the bleeding (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:35 PM Response to Original message |
2. If you come across some info, please share I am curious if there |
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HockeyMom (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:14 PM Response to Reply #2 |
19. You might like this article |
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SW FL Dem (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 05:10 PM Response to Reply #19 |
56. It's been crazy in Naples. A neighbor sold her 2000 sq ft home |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:55 PM Response to Reply #2 |
37. Problem is that supply problems can be corrected easily. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:35 PM Response to Original message |
3. I noticed the signs last June. |
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havocmom (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:56 PM Response to Reply #3 |
48. We've been looking at NM homes and over 20% are on the market |
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Prisoner_Number_Six (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:37 PM Response to Original message |
4. One indication I've noticed is |
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ultraist (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:52 PM Response to Reply #4 |
11. On the market for a year? |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:02 PM Response to Reply #4 |
13. I'm lucky in that regard |
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ultraist (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:26 PM Response to Reply #13 |
26. If it's convenient it may well get gentrified over time |
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Big Kahuna (903 posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:38 PM Response to Original message |
5. Oh bummer. |
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Gato Moteado (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:50 PM Response to Reply #5 |
10. you can do it without becoming a millionaire...... |
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politicat (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:40 PM Response to Original message |
6. Key indicator: Rent To Own, Bad credit okay. |
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sendero (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:06 PM Response to Reply #6 |
15. Not only that.. |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:17 PM Response to Reply #15 |
20. You hit the heart of it, sendero |
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gulfcoastliberal (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:40 PM Response to Original message |
7. Also begging for a link if ya find one. Just searched CBS news myself but |
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madaboutharry (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:47 PM Response to Reply #7 |
8. I love your pictures here |
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gulfcoastliberal (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:10 PM Response to Reply #8 |
41. Thanks, wish I could take credit but I nabbed it from another DUer. |
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SpiralHawk (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:27 PM Response to Reply #7 |
28. The link is up there now on CBS, but not working |
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gulfcoastliberal (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:09 PM Response to Reply #28 |
40. Cool, thanks for the heads up. |
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ultraist (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:50 PM Response to Original message |
9. The market is slowing down |
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Gato Moteado (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 07:52 PM Response to Original message |
12. how will a real estate downturn in the states affect real estate.... |
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Tactical Progressive (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:03 PM Response to Original message |
14. I'm sure the new CBS will be as implicitly supportive of Repub tax-cuts |
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KamaAina (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:06 PM Response to Original message |
16. We'll know it's really over when we see a "For Rent" sign |
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JanMichael (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:09 PM Response to Original message |
17. My mother, who is in SW Florida a "hot spot", wrote the other day that... |
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SW FL Dem (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 05:14 PM Response to Reply #17 |
57. I keep hearing brokers and investors say it can't happen here. |
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Wcross (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:14 PM Response to Original message |
18. You ain't seen nothing yet. |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:19 PM Response to Reply #18 |
22. You Hit The Nail Right On The Head |
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BeTheChange (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:34 PM Response to Reply #22 |
30. Okay guys, advice needed... |
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ultraist (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:42 PM Response to Reply #30 |
34. It depends on your local market |
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LSK (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:45 PM Response to Reply #30 |
35. i would buy now and pay less interest |
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madaboutharry (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:00 PM Response to Reply #30 |
39. I would go with less interest |
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CAcyclist (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 05:55 PM Response to Reply #39 |
60. On the other hand, I would pay more in interest if |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 07:20 AM Response to Reply #30 |
50. northern suburbs of Atlanta |
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Wcross (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:42 PM Response to Reply #22 |
33. Wages have been flat for years. |
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AllegroRondo (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 05:25 PM Response to Reply #18 |
58. I'm glad I locked in a fixed rate mortgage |
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malachibk (780 posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:17 PM Response to Original message |
21. Not here in NYC |
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ultraist (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:24 PM Response to Reply #21 |
24. I read there's been a slight downturn in NYC |
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madaboutharry (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:27 PM Response to Reply #21 |
27. NYC has always |
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ultraist (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:35 PM Response to Reply #27 |
31. The prices in NYC are staggering |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:53 PM Response to Reply #21 |
36. Yeah, but NYC does go through huge corrections from time to time. |
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Gato Moteado (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:21 PM Response to Original message |
23. buy low.....when freepers start foreclosing...... |
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PatriotGames (896 posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:44 PM Response to Reply #23 |
44. Sorry, but Dems will get hit hard too if market crashes. |
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Gato Moteado (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:49 PM Response to Reply #44 |
46. yes, that's true....and i do feel bad for people that will be effected.... |
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Lex (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:25 PM Response to Original message |
25. The mortgage rates inch up, the home sales slow down. |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:57 PM Response to Reply #25 |
38. Part of the problem is that prices have advanced so much that they have |
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Lex (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:39 PM Response to Reply #38 |
42. Low mortgage rates cause inflated home prices |
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ultraist (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:51 PM Response to Reply #42 |
47. "money is easy and cheap to borrow" |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:31 PM Response to Original message |
29. A house down the stree has been discounted $100k and still sits unsold. |
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AlCzervik (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 08:37 PM Response to Original message |
32. here is a link from my local paper today |
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SpiralHawk (1000+ posts) Send PM | Profile | Ignore | Thu Dec-15-05 09:46 PM Response to Original message |
45. The CBS News Link - |
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SpiralHawk (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 07:13 AM Response to Original message |
49. Morning in America - Reagan |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 07:22 AM Response to Original message |
51. nthrn 'burbs of Atl quash that statement...at least the 'everywhere' |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 04:08 PM Response to Reply #51 |
53. Prices spike the most right before they turn down |
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ProdigalJunkMail (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 04:41 PM Response to Reply #53 |
54. prices in some areas have just started their uptick |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 05:55 PM Response to Reply #54 |
59. Not all at once, but a large number will pull off near simultaneous |
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kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 04:49 PM Response to Reply #51 |
55. I know people who sell in that market |
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merbex (1000+ posts) Send PM | Profile | Ignore | Fri Dec-16-05 07:23 AM Response to Original message |
52. My mother called to tell me that for the first time in DECADES |
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