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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (232433)	12/23/2007 7:06:14 PM
From: Nadine Carroll	Read Replies (1) \| Respond to of 794395

But the lesson is that after a bubble bursts it can take a very long time for the market to clear, stabilize and then increase in value. Can be, but not necessarily. Look at the boston market. It too burst in 1990, but by the mid 90s it was rising again.

To: quehubo who wrote (232433)	12/24/2007 1:40:15 AM
From: Neeka	Respond to of 794395

It seems to be regional...Seattle is doing fine. For whatever reason, we've almost always avoided huge real estate slumps. What is happening is a correction in specific markets imo. It might be attributed to how local real estate movers manipulate markets? seattletimes.nwsource.com

To: quehubo who wrote (232433)	12/24/2007 2:13:01 AM
From: unclewest	Read Replies (1) \| Respond to of 794395

People hope this housing debacle turns around over night. Concur, but so far nobody has identified where buyers are going to come from.

To: quehubo who wrote (232433)	12/24/2007 4:16:52 AM
From: John Carragher	Read Replies (2) \| Respond to of 794395

i figure those who buy as investments in housing win or lose.. everyone else just keeps trucking along and housing bubble or no bubble doesn't really mean a lot to the average joe. some may take out home equity loans but majority of people want to pay off their mortgage and remain in their home. inflation in housing or deflation has zero impact on their daily financial judgements. if you make 200% on a condo.. let assume you moved into a new condo in some other location. I expect the new condo you bought was up 200% too. the inflation in housing tends to lift all housing.. same with the crash. Imo you are no further ahead if you take the money and reinvest in housing.

To: quehubo who wrote (232433)	12/24/2007 6:10:01 AM
From: JDN	Respond to of 794395

Its the old adage LOCATION, LOCATION, LOCATION. I've lived in Fla. nearly my entire life. I've seen these things come and go for decades. Here in S. E. Fla. coastal region the first to drop is the Condo's and last to recover is the Condos. Good waterfront property NEVER drops, just sometimes doesnt appreciate so fast as there is only so much waterfront available. I have never seen reasonably located single family dwellings stay down longer then a couple years, although growth rate in price can stagnate for years longer then it BURSTS UP like a bubble. Seems one can never tell when that will happen but it will. People just keep coming to Fla for the climate and in spite of all the talk, truth is pretty hard to beat the cost of living in fla. I know, I've looked all over the nation for a place to relocate too. I am now relocating to N.M. Some things there will be much cheaper, especially insurance, but then state taxes (fla has none other then sales tax) eat up much of the savings. So, I am not moving to save money, I'm moving cause I like the scenery etc. and after 64 years believe I'm due for a change. Anyhow, I envy the people buying property here in S. Fla this year and probably next, down the road they are gonna make a fortune. jdn