Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Doughboy who wrote (25805)	12/10/2004 3:00:39 AM
From: patron_anejo_por_favor	Respond to of 306849

ROTFL! Nice story, well done.....

To: Doughboy who wrote (25805)	12/10/2004 9:34:48 AM
From: Rutgers	Read Replies (1) \| Respond to of 306849

Great story, Pillsbury... Almost sounds too good to be true...good to hear that the mkt is still blistering hot, but if it were me, I would have drafted a very tight contract and pushed for a closing as soon as possible to reduce risk that this "builder" runs into financial difficulties preventing him from being able to consummate the transaction...as an aside, I have friends who recently closed on a brownstone in DC - they moved from a condo (yes, condo, not coop) in Manhattan - so, even if they overpaid in DC, at least they made a mint from the Manhattan sale...

To: Doughboy who wrote (25805)	12/13/2004 4:16:40 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

Doughboy...congrats on your home sale. (Haven't been on this site in quite a while, and just saw your 12/10 post today). Hard to tell what the real estate market will do. Things appear to be selling fairly quickly in my part of town. Some upper-end homes appear to be sitting around for a long time, but they don't look real desirable considering their price tags, so maybe that's why. It's easier to pay $700K and bring something up to current styles and standards, but much harder to pay 1.5 mil and still have to fix something up. Did see a story in today's Wall Street Journal (page A10) that a report was due out today indicating the U.S. will need 44 percent more housing by 2030. Report is supposedly from the Brookings Institution and says we have only about half the space now that we will need later, due to population and job growth. Has anyone here seen this report yet?