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.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (288676)5/22/2006 6:45:18 PM
From: tejek  Read Replies (1) of 1575306
 
re: You don't ever want to be in the situation where you can't sell your house. Its the most frustrating experience.

I bought at the absolute low in the FL market, about 14 years ago. We would be going around with a realtor, and people would literally beg us to come and see their houses. It seemed like 1 in 4 houses were for sale in those days... I'm sure it was less but you would often see 5-6 houses in a row, all with for sale signs, and very few buyers.

I don't think a lot of people know what a bear market in real estate is like.

I agree. During the bad times in LA, they did a story of three houses in an LA neighborhood.........all three were nearly identical tract houses. All were put on the market around the same time with only a 5K spread in prices between all three. One took a little over a year to sell; another nearly two years and the third nearly three years. That was one-two years after LA had been having a housing market similar to the one late last year. After the crash, there were people walking away left and right; their mortgages were upside down and they couldn't afford the monthly payments any more.

The sad thing..........5 years later, the market started on the same roller coaster it had been experiencing in the late 1980s. The one Ten is witnessing now. With LA, it seems to be boom or bust.
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