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I closed last month on my house.
''I closed last month on my house.'
Ahh that explains a whole lot. Knife catcher.
Maybe,
but maybe I saw a good deal, and I am planning on living in it.
But the market I was looking on it is pretty stable right now. Yea it went down a little, but not like other parts of the country
dont forget rob
"But the market I was looking on it is pretty stable right now."
Which market?
whitestone ny , right by the whitestone bridge.
well I hope its stable lol
zip
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11357,
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sorry about that,,
North Dakota, Man I can buy like 10 houses there
Time for the SoCal Cheering Squad to check in: sales here in the Coachella Valley (Palm Springs, Indian Wells, La Quinta, Palm Desert, Indio) were UP 64.4% in September from 1 year ago. Yes, people are buying!
Note to Doomers: please give me partial credit for not using the "NIAGTTB" phrase.
Whitestone is in Queens, NY. Not North Dakota. Congratulations on your purchase football45. I am a fellow NYC resident and live on the west side of Manhattan.
''''Yes, people are buying!''
Yes people are buying reduced foreclosures in the Inland Empire.
What about regular listings?
I got to give props to the people in the industry for their positivity during such tough times. To say 'people are buying!' as in implying the market is rallying again, the V shaped recovery is here, we have reached bottom..well. no comment.
SoCal, sure, people everywhere are buying foreclosures - but a lot of buyers come out here, see the foreclosures, and end up buying "regular listings" instead. For the record, I made no claims about a rally, a V-shaped recovery, finding the bottom, etc. Wild claims are neither my style nor my department, as your posts indicate that job has been filled.
I don't make 'wild claims'. What is so 'wild' about stating the obvious. The further inland the area, the longer it will take for it to recover. These areas are not job centers. See you in 10.
I am seeing buyers too around here....and we are talking the greater Santa Barbara Area which even though has had a big price drop is still got a heafty price tag!
Not everyone is afaid to take some risk when it comes to housing. You will pay for it no matter what.
carol: some of us aren't making 'wild claims' we are making rational claims based on data:
1. prices continue to fall
2. foreclosure are increasing
3. job losses accelerating
4. credit getting tighter
5. too much inventory, both new homes, existing homes, and now foreclosed homes, pressing prices down in the future.
6. in phoenix/many metros: too many vacant homes. The rental vacancy has now crossed 10% here, an unheard of number. rents are falling, which makes buy/rent decisions for the nearterm even more biased to rent.
nothing wild about it. It is merely rational thought.
I agree, AZ, your facts are "rational thought". Wild claims are the inferences SoCal drew from my statement of fact, and the implications he attributed to it.
I have 5 closing going on right now. This is one of the best times to buy if you have the right credit. Think of the bargains. Many homes and businesses are priced far below what they have been in years. I wouldn't wait if you find the right property....when you go back it could be someone else's!
oh dear lord.. I am going to puke.
"Think of the bargains. Many homes and businesses are priced far below what they have been in years."
Just because homes are priced less than they were a few years ago doesn't mean prices are close to what they should be. Ever hear the phrase "catching a falling knife." I'll agree that now is a better time to buy a home than one year ago. But that doesn't mean that today's prices represent "bargins" or that prices won't be much lower a year from now.
Gary - Tell us the truth. Do you really believe that prices won't go lower?
In my old county in Santa Cruz ca. a huge chunk of the short sales and REO are getting bought up at HALF of what they were selling for when we sold and moved from there 3 yrs ago.
We just tried to put in a offer on a cheapy rental house here in Oregon.it was only $48k and already had offers in before we found it.
It would of rented for $600 too.. damn it..
How many people do you know that have timed any bottom? Real Estate is a long term investment which has historically performed better than most. Also there are plenty of desperate sellers, short sales, REO’s. Real Estate like any other investment is best to buy when no one else wants too. Also compare the return on Real Estate in the past 10 years to the stock market returns even after today’s big jump.
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Are people really buying?
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waitingitout
Springfield, VA
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I'm surprised to see people posting in the buy section lately. With everything going on and not for the better people are still signing?
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