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To: valueminded who wrote (55307)	8/24/2006 4:52:02 PM
From: Paul Kern	Respond to of 116555

stockcharts.com

To: valueminded who wrote (55307)	8/24/2006 4:57:07 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 116555

value If you are in Hawaii, southern cal, colorado, florida and other areas all you have to do is open your eyes. They are everywhere. As for 'no different this time' I can tell you I have personally never seen developers offering 6% up 15%(!) commission to coop brokers in new developments before. I almost fell off my chair when I saw that 15% the other day. But 6% is now almost standard. A major project here was offering 3/2 pud's @$1,600,000 3 months ago(national builder) and I just got the latest 'summer sale' pricing....same unit now $869,000. I think that qualifies as 10 or 20%. -g- My friend in Santa Maria refused to sell last summer when he could have easily reaped $549k for his 35 year old tract home. His agent buddy said the total inventory in the twon was like 80 homes at the time. Now homes next door are offered at $429k and no buyers with inventory roaring past 800.

To: valueminded who wrote (55307)	8/24/2006 4:59:18 PM
From: Incitatus	Respond to of 116555

While peddling the "real estate crash", (which I dont buy, but it could happen) tell me, what is the total loss of $$ in real estate so far compared to the loss in $$ of the stock market from its peak to its nadir in (2003?) Or asked another way, what would the average decline have to be in residential real estate for the $$ loss to be equivalent to the $$ loss in the stock market in that time period. For an individual, the losses in RE can easily outweigh those in stocks. Those who bought tech stocks on full margin in March 2000 lost, at most, 100% of their money. Those who bought residential RE with ARMs over the last two years will be losing money beyond their initial investment with short sales if they are lucky, and the unlucky ones (most likely a majority) will be forced into bankruptcy.

To: valueminded who wrote (55307)	8/24/2006 5:01:08 PM
From: Incitatus	Respond to of 116555

People have always offered incentives? I don't seem to remember buyers bragging about the incentives they were getting over recent years. I don't remember hearing about anybody getting a free Jag in recent years.

To: valueminded who wrote (55307)	8/24/2006 5:36:08 PM
From: regli	Respond to of 116555

"While peddling the "real estate crash..." It is not about "peddling" the real estate crash, the facts speak for themselves. You asked me two questions: "Call me from Missouri, but I would be interested in your sources for your following two statements: Prices are already falling due to discounts and incentives not included. Low/medium level sales have fallen disproportionately to those at the higher end such that the median price is understating what is going on. and I gave you stats and sources for my claims. Message 22749027 Message 22749188 Also, I live in the Las Vegas area and that market is dead! In my neighborhood no house has sold in the past 5 month and inventory is still going up. When walking by a house that's for sale by owner yesterday, the owner's dog came out to grade me with the owner right in tow. The first thing the owner said to me before ANY other formalities, are you interested in buying a house? Yes, anecdotal but a perfect sign of desperation... <g>