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Reply #37: No offense but price reflects demand [View All]

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pbeal2 Donating Member (3 posts) Send PM | Profile | Ignore Tue Jul-20-04 11:41 AM
Response to Reply #20
37. No offense but price reflects demand
There is a reason you can find 29k houses in Odessa TX. if I am not mistaken Odessa is still ag based township.

I'm sure its a great place to live if you have a low paying ranch hand, feed store, fast-food or grocery clerk job. Its also likely a excellent place to live if you are retired.

But say you want to do something other than Cow tipping for fun, want to eat something other than Blue plate cuisine, or shop someplace other than Walmart. Well you have to drive to Abilene or El Paso either one of those is pretty much a 6 hour drive.

I grew up in a small ranch centric community in the southwest not in Texas but surprisingly close to Odessa, I live in Minnesota now and compared to where I grew up.
"all folks are smart, scenery is great, and jobs are plentiful and high paying as well. Education system is wonderful, health care is abundant, water everywhere, no bugs, local politicos savvy and tuned in, state government enlightened and working hard for every citizen."

House prices are stupid high and we do have some nasty bugs but then people want to live here.
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  -Housing Starts Tumble Unexpectedly maddezmom  Jul-20-04 09:17 AM   #0 
  - Unexpectedly for WHO?  Misinformed01   Jul-20-04 09:19 AM   #1 
  - My response as well. This was totally expected.  TahitiNut   Jul-20-04 10:29 AM   #10 
  - Housing starts are not a lagging indicator.  Frodo   Jul-20-04 10:33 AM   #13 
  - Please try to distinguish between the 'market' and the 'economy.'  TahitiNut   Jul-20-04 10:58 AM   #21 
  - Anecdotal Evidence...  Tandalayo_Scheisskopf   Jul-20-04 10:47 AM   #15 
  - for whom  jwcomer   Jul-20-04 11:30 AM   #34 
  - Beautiful  Misinformed01   Jul-20-04 11:38 AM   #35 
  - As in "for whom the bell tolls."  Jackpine Radical   Jul-20-04 02:54 PM   #55 
     - ...loudly.  RUMMYisFROSTED   Jul-21-04 12:42 AM   #70 
  - When housing starts tumble in good weather.. it's a BAD thing.  Caliphoto   Jul-20-04 01:56 PM   #49 
  - It's a seasonally adjusted number.  Frodo   Jul-20-04 02:04 PM   #51 
  - Who? the same people who didn't see the market as overpriced  stevebreeze   Jul-20-04 05:17 PM   #62 
  - Everything will be OK  dweeb   Jul-20-04 09:21 AM   #2 
  - And interest rates haven't even started upwards!  DBoon   Jul-20-04 09:24 AM   #3 
  - ooops  gasperc   Jul-20-04 09:25 AM   #4 
  - I've noticed houses in my area sitting on the market a long, long time...  Ripley   Jul-20-04 09:28 AM   #5 
  - Can't buy a house on the Minimum Wage!  ritc2750   Jul-20-04 09:29 AM   #6 
  - Ahhh...But you can load up on debt. That's the American Dream.  Zynx   Jul-20-04 09:34 AM   #7 
  - When have you ever been able to?  Frodo   Jul-20-04 10:25 AM   #9 
     - Here's 9 in Odessa, Texas  mbperrin   Jul-20-04 10:45 AM   #14 
     - We have a name for homes like that:  Tandalayo_Scheisskopf   Jul-20-04 10:48 AM   #16 
     - Thanks. I paid $32,000 for my home ten years ago here and  mbperrin   Jul-20-04 10:57 AM   #20 
     - LOL.  Ripley   Jul-20-04 11:02 AM   #23 
     - No offense but price reflects demand  pbeal2   Jul-20-04 11:41 AM   #37 
        - Odessa hasn't had significant ag since 1920s.  mbperrin   Jul-20-04 12:49 PM   #44 
        - Don't waste your time on Abilene...  Career Prole   Jul-21-04 12:07 AM   #69 
     - And we have names for posters like yourself,....  Media_Lies_Daily   Jul-20-04 11:24 AM   #29 
        - Definition....  Pachamama   Jul-20-04 03:24 PM   #59 
     - The home that is $44,500 would sell for $140,000  louis-t   Jul-20-04 11:19 AM   #26 
     - It would sell for $350,000 -$400,000 in my neighborhood  FrankBooth   Jul-20-04 12:18 PM   #42 
        - Like, wow! I thought Boston was expensive.  louis-t   Jul-20-04 01:43 PM   #47 
        - A 3br/2ba 25-yr-old tract house  LibDemAlways   Jul-21-04 01:26 AM   #72 
     - Perfectly respectable little homes  Frodo   Jul-20-04 11:22 AM   #27 
     - OMG!  sadiesworld   Jul-21-04 10:39 AM   #75 
     - About Thirty-Five Years Ago  ritc2750   Jul-20-04 10:52 AM   #18 
     - And with one full-time M.W. job now producing $10,712 annually . . .  hatrack   Jul-20-04 10:54 AM   #19 
     - 35 years ago the minimum wage was $1.45/hr  Frodo   Jul-20-04 11:15 AM   #25 
        - $1.60/hr in 1968  ritc2750   Jul-20-04 11:38 AM   #36 
           - Housing prices don't move with income levels  Frodo   Jul-20-04 11:57 AM   #38 
              - As much as real buying power of the MW has lagged...  ritc2750   Jul-20-04 01:00 PM   #45 
                 - I've had similar problems.  Frodo   Jul-20-04 01:20 PM   #46 
                    - Sticker Shock  ritc2750   Jul-20-04 03:02 PM   #56 
                       - Maybe we can swap houses when the time comes?  Frodo   Jul-20-04 03:10 PM   #57 
                          - LOL!  ritc2750   Jul-21-04 10:50 AM   #76 
     - Ahh, but you don't understand.....  louis-t   Jul-20-04 11:13 AM   #24 
     - As a banker I can tell you...  Frodo   Jul-20-04 11:24 AM   #30 
        - Good question Frodo, but I have to ask you...  louis-t   Jul-20-04 01:49 PM   #48 
           - Here's your answer... "they aren't"  Frodo   Jul-20-04 02:02 PM   #50 
              - The answer is not "banks give poor service"  louis-t   Jul-20-04 02:28 PM   #53 
                 - LOL. The "big bad bank"  Frodo   Jul-20-04 02:42 PM   #54 
                    - I see, Frodo  louis-t   Jul-20-04 07:37 PM   #64 
                       - Lol!  Frodo   Jul-20-04 08:48 PM   #65 
                       - I do find it funny that you doubt my ability to judge the "cost of doing b  louis-t   Jul-21-04 01:54 PM   #78 
                       - I totally agree with you Louis-t~  Avalon Sparks   Jul-21-04 01:09 AM   #71 
                          - "had a wonderful realtor that I would have gladly paid a 10% commission"  Frodo   Jul-21-04 09:37 AM   #73 
                             - "I bought my last home without a realtor and saved over $5,000."  louis-t   Jul-21-04 02:02 PM   #79 
     - 20 years ago in rural SC  CheshireCat   Jul-20-04 11:27 AM   #33 
     - In 1965  eridani   Jul-20-04 04:30 PM   #61 
  - How about that Bush recovery!!  Jack Rabbit   Jul-20-04 10:12 AM   #8 
  - Calm down everyone.  Frodo   Jul-20-04 10:30 AM   #11 
  - It's more likely the quick bump up in rates .....  louis-t   Jul-20-04 11:22 AM   #28 
  - How Does This Look When Combined...  jayfish   Jul-20-04 11:26 AM   #31 
     - It all fits fine - except for the "maggots" line  Frodo   Jul-20-04 12:06 PM   #39 
        - I hate maggots too  nolabels   Jul-21-04 02:30 PM   #80 
  - Bubbles! Tiny Bubbles!  Demeter   Jul-20-04 10:30 AM   #12 
  - i believe construction costs are part of the problem  fishnfla   Jul-20-04 10:51 AM   #17 
  - You get that right  midwayer   Jul-20-04 12:07 PM   #40 
  - But..but..but...  skypilot   Jul-20-04 10:59 AM   #22 
  - what happened to the "bush boom"  Doosh   Jul-20-04 11:27 AM   #32 
  - Not pretty.... the middle class are not squealing yet  midwayer   Jul-20-04 12:14 PM   #41 
     - Property taxes to rise in some areas as much as 56% ?  midwayer   Jul-20-04 12:30 PM   #43 
  - 114 foreclosures in my Ohio county last year  coalminersdaughter   Jul-20-04 02:16 PM   #52 
  - 162 in my county last MONTH  midwayer   Jul-20-04 03:12 PM   #58 
     - Interesting site  coalminersdaughter   Jul-20-04 05:21 PM   #63 
  - Think of all the Americans who have taken out Home Equity lines & spent  Pachamama   Jul-20-04 03:28 PM   #60 
  - "The American Predatory Way" (eom)  midwayer   Jul-20-04 09:18 PM   #66 
  - Ah yes, but think of all the OTHER Americans who refinanced  Frodo   Jul-21-04 09:43 AM   #74 
     - Very small % according to research...  Pachamama   Jul-21-04 01:38 PM   #77 
  - I'm shocked, I tell you.  leesa   Jul-20-04 10:18 PM   #67 
  - I wonder what the problem is - under asswipe, there's no...  steely   Jul-20-04 10:20 PM   #68 
 

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