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eridani Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-25-06 03:44 AM
Response to Reply #65
73. Easy question
They are old farts like me who bought houses when they were still affordable by average people.
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  -Pop goes the bubble - - new home sales plunge 10.5% in Feb fryguy  Mar-24-06 09:08 AM   #0 
  - Jesus H. Shit!  Teaser   Mar-24-06 09:09 AM   #1 
  - Reuters link:  highplainsdem   Mar-24-06 09:13 AM   #2 
  - thanks!  fryguy   Mar-24-06 09:16 AM   #5 
  - "All your property are belong to us." - Republicon Mortgage Cronies, Inc  SpiralHawk   Mar-24-06 09:14 AM   #3 
  - But you don't understand...it's the media  rpannier   Mar-24-06 09:14 AM   #4 
  - Why doesn't the media show the new homes being built.  sarcasmo   Mar-24-06 04:19 PM   #58 
  - Well, to be fair, 10% is not exactly a "pop". Not quite yet anyway. nt  thereismore   Mar-24-06 09:20 AM   #6 
  - Part of it is just market forces - how many people who would like a house  BR_Parkway   Mar-24-06 09:40 AM   #11 
  - But when u link that drop  rpannier   Mar-24-06 11:55 PM   #69 
  - Another problem is that builders are  pokercat999   Mar-26-06 05:08 AM   #92 
  - 10.5% is more than enough to create some real concern in the....  Media_Lies_Daily   Mar-24-06 10:25 AM   #20 
  - this just refers to *new home* sales  kineta   Mar-24-06 02:48 PM   #49 
     - Existing home sales are suffering in Modesto , Ca and surrounding  anitar1   Mar-24-06 03:26 PM   #53 
     - This is very interesting...I work for a Land brokerage firm..  Tight_rope   Mar-25-06 12:55 AM   #71 
  - On GMA this morning they said sales were Up Up Up! Highest  Gidney N Cloyd   Mar-24-06 09:29 AM   #7 
  - They were up for January  Postmanx   Mar-24-06 09:33 AM   #9 
  - Wow. To totally ignore the most recent month's drop. Just wow.  Gidney N Cloyd   Mar-24-06 09:40 AM   #12 
  - well there's a simple explanation for that.....  fryguy   Mar-24-06 09:34 AM   #10 
  - yes - I'm old enough to remember when the Today Show actually had  kath   Mar-24-06 10:38 AM   #22 
  - That was for *existing* home sales  Roland99   Mar-24-06 09:51 AM   #14 
  - was Baghdad Bob on TV?  TexasLawyer   Mar-24-06 12:12 PM   #32 
  - I spoke yesterday with a relative ...  Tracer   Mar-24-06 09:32 AM   #8 
  - A friend went out with a realtor recently who said the market is at a  1932   Mar-24-06 09:46 AM   #13 
  - complex psychology  TexasLawyer   Mar-24-06 12:20 PM   #34 
  - Here's a house near where I used to live...been on sale since Nov.  Roland99   Mar-24-06 09:56 AM   #16 
  - There is lots of construction where I am  Radio_Guy   Mar-24-06 10:27 AM   #21 
  - In Southern California the price tag for that  LibDemAlways   Mar-24-06 10:46 AM   #24 
  - 100-year mortgages? 3 families sharing it?  Roland99   Mar-24-06 11:18 AM   #26 
     - Interest-only mortgages. People are  LibDemAlways   Mar-24-06 11:41 AM   #29 
     - And when they hit 65 they'll be FVCKED!  Roland99   Mar-24-06 12:00 PM   #31 
     - They'll be "FVCKED" sooner than that.  LibDemAlways   Mar-24-06 12:30 PM   #35 
     - I know too many people in that situation,  CrispyQGirl   Mar-24-06 02:37 PM   #47 
     - Japan has 90 year mortgages  kineta   Mar-24-06 02:50 PM   #50 
     - My wife and I just refied our mortgage at 15years.  sarcasmo   Mar-24-06 04:24 PM   #59 
        - You are smart.  llmart   Mar-24-06 07:37 PM   #67 
        - Wait until they get to be 65 and still have to worry about that mortgage.  sarcasmo   Mar-24-06 07:42 PM   #68 
        - With regards to money we're less stressed........  llmart   Mar-25-06 06:40 AM   #74 
        - You are right...  sendero   Mar-25-06 06:57 AM   #75 
           - Well, it never mattered to me if it was the "go-go" years......  llmart   Mar-25-06 03:29 PM   #79 
        - If we join together and elect true progressives, not  pokercat999   Mar-26-06 05:15 AM   #93 
  - It is happening now  SLCPUNK   Mar-24-06 12:14 PM   #33 
  - My yard shed would cost more than that here. (Portland)  Buck Rabbit   Mar-24-06 01:42 PM   #38 
     - Well, it's not entirely red here. Louisville went for Kerry in '04.  Roland99   Mar-24-06 03:47 PM   #55 
  - The Boston market peaked in early 2005 IIRC  Gormy Cuss   Mar-24-06 03:23 PM   #52 
  - I bet it's still a lot more than they paid for it, though. nt  SmokingJacket   Mar-24-06 04:56 PM   #62 
  - month to month changes  JABBS   Mar-24-06 09:54 AM   #15 
  - Highly volatile but whats the trend  4dsc   Mar-24-06 10:02 AM   #17 
     - new homes today  JABBS   Mar-24-06 11:39 AM   #28 
        - I live in Carolina Beach NC-Here they are building unsold  carolinalady   Mar-24-06 12:50 PM   #37 
        - Was just there last Friday.  pecwae   Mar-24-06 03:17 PM   #51 
        - Wait til people see quotes for a Homeowners policy!  Wcross   Mar-25-06 08:39 PM   #81 
        - Record number of over 1 million unsold new houses!  Democrats_win   Mar-24-06 02:29 PM   #43 
        - They just opened a new "Del Webb Sun City";  pokercat999   Mar-26-06 05:26 AM   #94 
  - Yikes!  David__77   Mar-24-06 10:13 AM   #18 
  - Wierd. Things here are selling in a matter of days... n/t  progressivebydesign   Mar-24-06 10:17 AM   #19 
  - Just curious, but where is "here"?  Media_Lies_Daily   Mar-24-06 10:43 AM   #23 
  - Raise your hand if you're surprised.  Prisoner_Number_Six   Mar-24-06 11:09 AM   #25 
  - we sold our house last summer and it was slowing down then  newspeak   Mar-24-06 11:34 AM   #27 
  - just yesterday, homes sales posted thier BIGGEST gains  gasperc   Mar-24-06 11:48 AM   #30 
  - AP story: New Home Sales Down by Most in 9 Years  Judi Lynn   Mar-24-06 12:49 PM   #36 
  - this isn't the big bubble  clar8130   Mar-24-06 01:48 PM   #39 
  - There have been steep rises in foreclosure rates in  MUAD_DIB   Mar-24-06 02:43 PM   #48 
  - ding-ding-ding...  ljaycox   Mar-26-06 09:16 PM   #99 
  - Well, there goes any semblance of a Bush rosy "economy!" nt  VegasWolf   Mar-24-06 01:52 PM   #40 
  - Real Estate is all LOCAL.  Rockholm   Mar-24-06 01:58 PM   #41 
  - I am about one and a half hours north of there-see my post  carolinalady   Mar-24-06 02:25 PM   #42 
  - Hey in my neck of the woods new home sales has undervalued  izzybeans   Mar-24-06 02:33 PM   #44 
  - yeah, we can only hope for that---the farms are disappearing in CT fast  wordpix2   Mar-25-06 10:16 PM   #83 
     - New home sales for me has always been the wrong measure to  izzybeans   Mar-25-06 11:08 PM   #87 
  - Welcome news for some people who can't afford to buy a house now  tandot   Mar-24-06 02:34 PM   #45 
  - But you are likely to be able to do so.  edwardlindy   Mar-24-06 03:49 PM   #56 
  - Our local market is still rather hot.  missb   Mar-24-06 02:37 PM   #46 
  - This is very good news  MathGuy   Mar-24-06 03:33 PM   #54 
  - Prices can't fall that far in new construction due to costs.  PVK   Mar-26-06 01:54 AM   #91 
  - I hope this isn't too "republican" of me :-)  C_U_L8R   Mar-24-06 03:56 PM   #57 
  - hahahaha  wordpix2   Mar-25-06 10:16 PM   #84 
  - Everyone forgets the speculation/rental market  Porcupine   Mar-24-06 04:29 PM   #60 
  - Yes, probably many of these are the same people  MathGuy   Mar-24-06 04:43 PM   #61 
  - I like 90 mi. outside of NYC & NYers have driven up price of real estate  wordpix2   Mar-25-06 10:24 PM   #85 
  - I know this first hand  ellie   Mar-24-06 05:01 PM   #63 
  - We've been talking about a Depression coming well  lovuian   Mar-24-06 05:18 PM   #64 
  - I keep waiting for the bubble to pop in Seattle  geniph   Mar-24-06 05:23 PM   #65 
  - Well, if it is anything like Portland  missb   Mar-24-06 05:25 PM   #66 
  - Nah, you've got Californians buying speculation property.  Porcupine   Mar-25-06 12:52 AM   #70 
     - And there are two factors that have led us to this sorry state...  sendero   Mar-25-06 07:04 AM   #76 
        - my friends bought a house in CT in late '80's for $200K--then bubble burst  wordpix2   Mar-26-06 07:53 AM   #95 
           - It's a tough business...  sendero   Mar-26-06 08:57 AM   #96 
  - its been flat in fla w coast beach since the fall..n/t  flyarm   Mar-25-06 12:58 AM   #72 
  - how much for a small detached home (2 br?)  wordpix2   Mar-25-06 10:25 PM   #86 
     - well i am on beach so its hight ..2 million!!those are still selling  flyarm   Mar-26-06 12:54 AM   #90 
  - Easy question  eridani   Mar-25-06 03:44 AM   #73 
  - "Lost ANOTHER Home to Ditech-Dot-Com!"  BiggJawn   Mar-25-06 09:04 AM   #77 
  - Housing Market  eagle owl   Mar-25-06 03:05 PM   #78 
  - Where could prices be this cheap today?  harpboy_ak   Mar-25-06 11:34 PM   #88 
     - re:harpboy-ak  eagle owl   Mar-26-06 07:02 PM   #97 
  - The sure haven't 'plunged' around here  Raine   Mar-25-06 06:08 PM   #80 
  - About a year late but as long as it just fizzles it's okay with me  nolabels   Mar-25-06 10:13 PM   #82 
  - houses in my area  yamblaster200   Mar-25-06 11:47 PM   #89 
  - Just opened a letter from our local HBA  48percenter   Mar-26-06 07:26 PM   #98 
 

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