SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (46089)2/8/2006 11:53:21 AM
From: Steve Lokness  Read Replies (3) of 116555
 
Housing slump continues;
Spec home in Olympia WA finished last summer and for sale for 840,000 did not sell and was taken off the market. It was just relisted at 700,000. ........If an impulse buyer had bought this home last fall, wouldn't they now be underwater on their home by something like 30%? That would be 20% less in value and 10% closing cost. Of course that does not take into account all the cost associated with owning. And some people say owning a home is never a risk.

It must also be noted - it has not sold yet.

Steve
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News