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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (269070)1/18/2006 3:03:03 PM
From: American Spirit  Respond to of 1571438
 
Located in LA. The housing market here has gone down a bit. I hope there's no collapse but there is indeed a bubble.

Typically now new homeowners have adjustable ARM loans paying off no principal and bought near the top of the market. Some are paying 40% of their monthly income toward their homes. It's unsustainable. Just like Bush's deficit spending.



To: Jim McMannis who wrote (269070)1/18/2006 8:37:53 PM
From: tejek  Read Replies (1) | Respond to of 1571438
 
You may or may not be happy to hear that Centex is offering $80-100K discounts for homes in FLA.......sales must be slowing dramatically or the market is badly overbuilt:

centexhomes.com


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