Housing Bubble Popped but why aren't the prices reflecting it? (Tampa: real estate, rent)

[lostbuyer]

what about all those chickens (loans) coming home to roost ? mike...how many people will stay in the house vs. how many will realize they really cant afford it and lose the house?

[dianeroberts]

Originally Posted by Mike Peterson

A year from now I see the prices right where they are now.
Some areas have come down 10% or more already, some will come down more and others will show some gains but I do not see a huge drop or gain over the next year.
I do however see the number of sales going up up bit from where we are now but not to the levels from 1 1/2-2 years ago.
The thing is you believe everyone is still wanting to sell their home. I believe with the probable major decrease in property taxes and further decreases in insurance costs alot of those people with homes on the market will take them off the market and stay for a little while longer.
This will decrease the supply somewhat which will help prop the market up.

My house was listed and did not sell.Instead of lowering the price too much I am just going to take it off the market.I will rent it out.I will charge a little higher rent then I was going to but oh well.If they have to put 3 families in it to pay the rent.Its in Florida and people move here from Moscow China Mexico and all over the world.I'm not worried.

[afghan67]

Originally Posted by dianeroberts

My house was listed and did not sell.Instead of lowering the price too much I am just going to take it off the market.I will rent it out.I will charge a little higher rent then I was going to but oh well.If they have to put 3 families in it to pay the rent.Its in Florida and people move here from Moscow China Mexico and all over the world.I'm not worried.

Better check your covenants and your county/city codes. And I'm sure having three families living in the house will do a lot for property values in your neighborhood...

[lostbuyer]

“‘We’ve been saying this is a good time to buy because there’s a breather in the market,’ said Rick Hodges, CEO of the Tucson Association of Realtors. quote of the day..lol...

[info please]

Prices next year the same as they our now. Is this wishful thinking .

[afghan67]

Originally Posted by info please

Prices next year the same as they our now. Is this wishful thinking .

Do you have facts to back up this conclusion or is it pure conjecture? What market are you talking about? Or is this a generalization for all of Florida?

[ddlove01]

SKB or anyone.....What houses are you talking about? The Town and Country Homes? Did you find addresses for them? A realtor is auctioning off a home on our block on June 30th. You better believe I'll be there watching...Just curious home much they will actually get for the house.

Originally Posted by SKB

I looked up those houses and they are really ugly, I can not imagine anyone wanting to pay 190K never mind anyone paying the 300K wishing price they had. Most of them do not even have landscaping work done. They look like military housing and cheaply built.

It will be interesting to see what kind of response they get. I wish I could be there to see it.

Hey, Oldtimer, check it out for me

[info please]

Take a good look over a the Tampa board WHEN WILL THE HOUSING MARKET RECOVER

[LingLing]

Originally Posted by ddlove01

SKB or anyone.....What houses are you talking about? The Town and Country Homes? Did you find addresses for them? A realtor is auctioning off a home on our block on June 30th. You better believe I'll be there watching...Just curious home much they will actually get for the house.

go to National Auction Company. These are ugly houses as SKB said.

[Audacious]

Ya know, I use to read this blog and actually try to participate. I read the last few pages of posts and it's the same thing. There are people here who are wishing and praying for the collapse of the RE market as well as the US economy. I guess they believe that if the whole thing s%$ts the bed they will be winners. How pathetic. The desire for a self fullfilling prophesy of armagedon in RE and the US economy is so one way, self centered , self serving as to be dirty and so disgusting in its self wallowing slime.

Enough said. Please feel free to post all the charts re the rise in self indulging BS, wallowing in self pity, bitterness, envy of those who succeed and how the Govt is not providing enough help for you. How sad that you cannot buy a 4 bedroom house with a pool for for 100K. Perhaps in the next life you might.
Sorry for the sarcasm but his thread is waaaaay over the top. Not enough Prozac in the world to help this group.

Again, my most sincere apology for my most sincere observation.