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If you guys want actual specific data for an area, let me know...
Charlotte home prices fall harder | CharlotteObserver.com (http://www.charlotteobserver.com/597/story/557963.html - broken link)
remember, numbers do not include seller concessions which make the numbers look better than they are.
Sunshiners used to defend by saying we were at the top of the 20 city list.
We are dropping, now #5 in % decrease and getting worse.
Again, numbers will not improve (and actually get worse) for two reasons. Sales are still 30-50% down YOY, and transplant markets continue to sag. Until the major markets show long term upswings, we will continue to be in the toilet.
couldn't you squeeze this in one of your other doom and gloom threads? Is this single news article really thread-worthy? Is this even news to anyone with half a brain?
Give it a rest coupon... we know your outlook. When the housing markets are completely and utterly collapsed we be sure to give you all the credit you deserve for trumpeting every piece of bad real-estate news you read like the gospel, mmkay?
Is this single news article really thread-worthy? Is this even news to anyone with half a brain??
I'm just trying to level the playing field w/all the unrealistic "silver lining" and "money's top cities" threads I see alot.
Quote:
Originally Posted by Native_Son
Give it a rest coupon... we know your outlook. When the housing markets are completely and utterly collapsed we be sure to give you all the credit you deserve for trumpeting every piece of bad real-estate news you read like the gospel, mmkay?
You didn't have to open the thread and post if you didn't want to.
Location: Some got six month some got one solid. But me and my buddies all got lifetime here
4,555 posts, read 10,408,717 times
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See that building just off to the left...yeah...that was the Hearst Tower. The quarter structure on the bottom right...Bank of America Stadium... <sniff> the Panthers were playing at the time, too...
If you guys want actual specific data for an area, let me know...
Charlotte home prices fall harder | CharlotteObserver.com (http://www.charlotteobserver.com/597/story/557963.html - broken link)
remember, numbers do not include seller concessions which make the numbers look better than they are.
Sunshiners used to defend by saying we were at the top of the 20 city list.
We are dropping, now #5 in % decrease and getting worse.
Again, numbers will not improve (and actually get worse) for two reasons. Sales are still 30-50% down YOY, and transplant markets continue to sag. Until the major markets show long term upswings, we will continue to be in the toilet.
Jack, why do you insist on kicking a dog when it's already down?
Coupon, you are exactly right about the values dropping. I have been beating that drum since the fall and most people act like I am an idiot, too. Working in the mortgage field, I see it first hand. It isn't pretty.
I recently read an article in Money magazine that said that our "salvation" in this (as in preserving your asset for retirement, depending upon how old you are) is to work diligently to pay off your mortgage. That way, when you retire, it really will not matter what the value is...you will still have some kind of equity that could be tapped if necessary.
Obviously, if you are not working, this is a difficult thing to do. But, that is the lesson for the future. If you have a zero mortgage, then, at least you would have a roof over your head if you were unemployed!
I guess this means it isn't a good time to sell my house.
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