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Old 07-29-2012, 08:45 AM
Location: Sneads Ferry, NC
11,090 posts, read 18,624,496 times
Reputation: 4991


Originally Posted by Dad6Kiddos View Post
Excuse me everybody...what is a "reputation" number?
It means the number of times people have clicked the plus sign under your posts. It's similar to a "like" on Facebook, but the count accumulates.
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Old 08-03-2012, 06:18 AM
79 posts, read 79,126 times
Reputation: 82
Hi Bill ,
I couldn't agree with you and Margarets analisis .....I'm writing to you from NY .....I can remember back 5-6 yrs ago when the economy was MUCH better than it is today ...People were staying put because they were all making money, and the banks were writing loans to anybody that could breath !!.... At that time , my home was worth $650,000 , and a similar home in NC was $300,000 !!..... Today my home is only worth $350,000 AND you have to have PERFECT CREDIT to be able to get a mortgage today ....Banks don't want to take the risk of writing a mortgage for only 4% interest on the loan .....Now you have folks in NC that are still asking $300,000 for the same home of 5-6 yrs ago, except the people that are now ready to buy are only getting $350,000 for thier home, AND the people that are actually buying homes in NC are folks that have the cash to pay for them as you say in your article because they simply CAN'T SELL THEIR HOMES .... The cost of living allows folks to keep their homes down there for years at a time without selling them ....The lower taxes allow this to happen .. If I walked away from my house because I would not be able to sell it , I would STILL be liable for approx $12,000 a year in taxes ..... No can do !!..... Thanks to both of you for the informative report !......Jim
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Old 08-15-2012, 01:01 PM
1 posts, read 1,075 times
Reputation: 10
Did the Nautical club in Indian Beach get sewer issue resolved? If a condo sells, when will new owners be able to use/rent it, or is everything tied up in the bankruptcy?
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Old 08-15-2012, 02:39 PM
Location: Morehead City, NC
1,676 posts, read 5,227,289 times
Reputation: 1229
The Nautical Club is still in the auction proceedings with final closing date of Aug. 21. I do not represent the entity or anyone connected to it. But I would advise a Google Search for the public bankruptcy and auction proceedings/status. there is a lot of useful info to be found.
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Old 08-16-2012, 06:26 AM
22,770 posts, read 25,192,517 times
Reputation: 14506
thought this might interest some of you:

Shadow¯ & Ghost¯ Inventory / Negative & Effective Equity ¦The Real Challenges for US Housing | The Big Picture
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