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

[verobeach]

Originally Posted by kort677

I'm waiting for the developers to give me the house AND pay my moving expenses

Plenty who read this board are waiting for just this.

[nychiefsfan]

Originally Posted by Audacious

Be careful here, you are not agreeing with the herd. Don't you know that after the crash you will be able to buy a house for $149.00 and $25.00 extra for a pool.

You gotta love that all of the posts are time stamped, regardless of what side of the fence you're on!!!

[Hondax]

Originally Posted by nychiefsfan

You gotta love that all of the posts are time stamped, regardless of what side of the fence you're on!!!

nychiefsfan,
I'm sure most of us predictors aren't waiting to prove our expertise to the rest (ha, ha) of the posters as it's near impossible to do so.

I watched Bulls and Bears on Fox today and both sides(generally) are bearish on the economy and have been, while we just go chugging along in a bull market. So tough to predict this stuff. All the graphs and charts in the world can only show signs and indicate trends.

I am in your court nychiefdan for the most part and appreciate all your effort, as well as others on the thread.

[firemed]

Originally Posted by Hondax

nychiefsfan,
I'm sure most of us predictors aren't waiting to prove our expertise to the rest (ha, ha) of the posters as it's near impossible to do so.

I watched Bulls and Bears on Fox today and both sides(generally) are bearish on the economy and have been, while we just go chugging along in a bull market. So tough to predict this stuff. All the graphs and charts in the world can only show signs and indicate trends.

I am in your court nychiefdan for the most part and appreciate all your effort, as well as others on the thread.

I do love the bulls,

[JimKing]

""Originally Posted by Audacious
Be careful here, you are not agreeing with the herd. Don't you know that after the crash you will be able to buy a house for $149.00 and $25.00 extra for a pool.""

Ha Ha, not bad, sort of funny. But that is no more ridiculous than folks that think housing prices will start zooming up again in 2 weeks or 2 months and that house prices doubling in 5 years is perfectly normal and will continue forever.

[nitroae23]

I believe housing prices will fall another 10-15% nationwide,and 15-25% in areas where speculators have driven them up to stratospheric levels,this will take another 12-36 months to play out,what will happen then is housing will not appreciate for several years as people will fell burned by the market,THIS will be the time to make money,people who put money in stocks in the latest market lows (March 2003) have been handsomely rewarded,so wait until the "blood on the streets" starts to dry up before you open your wallet!

[kort677]

Originally Posted by JimKing

""Originally Posted by Audacious
Be careful here, you are not agreeing with the herd. Don't you know that after the crash you will be able to buy a house for $149.00 and $25.00 extra for a pool.""

Ha Ha, not bad, sort of funny. But that is no more ridiculous than folks that think housing prices will start zooming up again in 2 weeks or 2 months and that house prices doubling in 5 years is perfectly normal and will continue forever.

I don't think anyone thinks that the days of the past few years will return anytime soon, but I certainly don't buy the theory that prices will collapse either, maybe we can agree that the market will most likely stabilize, with modest variations due to localized conditions

[lostbuyer]

if 300k down to 145k,(over 50%decline)isnt a collapse then i dont know what is...but i think some places will hold better than others.......Townhomes a steal in Fort Myers | WINK-TV - Fort Myers, FL | Local & Florida

[MyHomeIsInOcala]

Originally Posted by JimKing

Ha Ha, not bad, sort of funny. But that is no more ridiculous than folks that think housing prices will start zooming up again in 2 weeks or 2 months and that house prices doubling in 5 years is perfectly normal and will continue forever.

You are right and I agree... I was just looking over some information and found this article from the Fl Home Loan site (from May '07) Developers Offer Incentives to Agents in Orlando, Central Florida Housing Market - Florida Home Loan

I also seen a commercial on TV the other night from a builder offering a free Harley-Davidson Softail for anyone who bought and closed on one of their homes. Hmmm, made me think of the Home Builders Show handout from Feb of '07... Check out page 9 and what they say about incentives. Developers Offer Incentives to Agents in Orlando, Central Florida Housing Market - Florida Home Loan

[Hondax]

Originally Posted by kort677

I don't think anyone thinks that the days of the past few years will return anytime soon, but I certainly don't buy the theory that prices will collapse either, maybe we can agree that the market will most likely stabilize, with modest variations due to localized conditions

Totally agree Kort677,......barring any catastrophic event, i.e. recession, terrorist attack shut down, seriously damaging Hurricane season, and about 30% more sheeple actually believing the negative main stream media.