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Response to xchrom (Reply #19)

Tue Mar 19, 2013, 09:21 AM

24. They lie.

What's happened in Virginia is an influx of Sandy folks who have given up on the high taxes of the tri state area and the worsening social conditions vis a vie the schools, crime, and over crowding. There's still plenty of short selling going on. What the new buyer's are going into are new housing that offer a lot more for a lot less than just ten years ago.

Some folks have moved up here by buying short sales as the interest rates were so low and the net profit from there existing home made it very attractive. Even after the decline in the market, those who bought prior to 2000 are in pretty good shape.

I know people who bought here at the top of the market and are $100,000 plus under water. They have jobs and decided to ride it out with the expectation over twenty years they will get back to par or better.

It all comes back to jobs.

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Tansy_Gold Mar 2013 OP
Demeter Mar 2013 #1
Tansy_Gold Mar 2013 #3
Demeter Mar 2013 #2
Ghost Dog Mar 2013 #4
Ghost Dog Mar 2013 #5
Ghost Dog Mar 2013 #6
Demeter Mar 2013 #11
xchrom Mar 2013 #7
Demeter Mar 2013 #12
xchrom Mar 2013 #8
xchrom Mar 2013 #9
jtuck004 Mar 2013 #29
Demeter Mar 2013 #32
jtuck004 Mar 2013 #34
xchrom Mar 2013 #10
Demeter Mar 2013 #13
xchrom Mar 2013 #14
Demeter Mar 2013 #23
xchrom Mar 2013 #15
xchrom Mar 2013 #16
xchrom Mar 2013 #17
Demeter Mar 2013 #21
xchrom Mar 2013 #18
xchrom Mar 2013 #19
LineLineReply They lie.
westerebus Mar 2013 #24
xchrom Mar 2013 #25
westerebus Mar 2013 #33
xchrom Mar 2013 #20
xchrom Mar 2013 #22
Demeter Mar 2013 #26
Ghost Dog Mar 2013 #28
bread_and_roses Mar 2013 #27
DemReadingDU Mar 2013 #30
Demeter Mar 2013 #31
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