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

To: Hank who wrote (46400)	12/30/2005 6:02:00 PM
From: London Brian	Read Replies (1) \| Respond to of 306849

I don't understand why people are so happy when their home sells the first day on the market. If I advertised anything for sale and the first person to see it bought it, I would have to think that the price was to low. Any store in town could sell all it's goods in one day but only if the price was low enough. The book Freakonomics talked about how Real Estate agents keep their own homes on the market LONGER than average and sell them for more.

To: Hank who wrote (46400)	12/30/2005 7:35:04 PM
From: bentway	Read Replies (1) \| Respond to of 306849

It all depends on where you ARE Hank. All RE is local. There are cheap super-affordable places, and places where only 8% of the population can qualify for the median priced home. So, where are YOU?

To: Hank who wrote (46400)	12/30/2005 7:37:58 PM
From: Schnullie	Read Replies (3) \| Respond to of 306849

Just sold my current home within 24 hrs of listing it for full price. That's a 58% appreciation over 3 1/2 years. Imagine being a long-standing homeowner and having a nasty little pit bull like Hank move in next door. Worse yet, think of his house-warming party, where he regales his guests with stories of his tremendous real estate acumen ad nauseum (...and then I took out a bridge loan at 5% and rolled that into.....z-z-z-z-z-z-z-z-z-z-z). Hank's nasty invective certainly evokes memories of the last stock market bubble, where even the dullest of investors could make an abrasive but nevertheless plausible argument that he was well on his way to becoming an investing legend. All the best to you Hank. Gentlemen of grace and modesty, such as yourself, are rare.