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

To: ajtj99 who wrote (245273)4/22/2010 7:02:13 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
I'm betting they are extending the credits. I read where they add $30k to the price of an under $200k house.



To: ajtj99 who wrote (245273)4/22/2010 8:41:11 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
>>When will they figure out they're only distorting the markets?<<

Since the credit ends in 8 days, it shouldn't be very long....<G> I'm sure it particularly distorts the sub-100K market in Lee County, since that 8 K represents a bigger chunk of the overall price. On a 3% down FHA loan, that would be a cool 5K straight into yer pocket for buying a 100K crackerbox. Think that distorted the market a bit?



To: ajtj99 who wrote (245273)4/23/2010 10:00:07 AM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
hilarious, isn't it?

the same thing is happening right now with 'cash for appliances'

i'm in the middle of a remodel and the refrigerator i settle on (and was pricing online) has had the price jacked up $300 (at Best Buy) within the last week in anticipation of the 'rush'


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