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Old 12-22-2011, 08:16 PM
 
1,299 posts, read 2,338,246 times
Reputation: 245

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Quote:
Originally Posted by Izmack View Post
Yes, and the verified article sub title is:

Sales are slowing as the number of homes selling at bargain-basement prices declines, but the market overall is more stable.

Of course sales are slowing...there aren't any inexpensive homes left.
FYI in A normal market, that is not manipulated. When the sales drop off prices go lower.
It's like that with everything even you should be able to get this one.
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Old 12-23-2011, 07:34 AM
 
Location: Cape Coral
5,503 posts, read 7,298,965 times
Reputation: 2249
Quote:
Originally Posted by equalrightsforeveryone View Post
FYI in A normal market, that is not manipulated. When the sales drop off prices go lower.
It's like that with everything even you should be able to get this one.
With many products when sales slow, inventory rises, so prices fall to help increase demand.
In SW Florida demand is good, the supply of homes on the market is dwindling, so prices are going up.
Economics 101
When foreclosures and short sales decline and if demand remains strong, new construction will start again. If more homes are built than are demanded, prices will decline.
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Old 12-23-2011, 09:53 AM
 
Location: Florida Space Coast
2,356 posts, read 5,065,846 times
Reputation: 1571
Quote:
Originally Posted by equalrightsforeveryone View Post
FYI in A normal market, that is not manipulated. When the sales drop off prices go lower.
It's like that with everything even you should be able to get this one.
Fyi you make forest gump look like a genius. If I have 1000 cans of Pepsi and sell them for. 25 cents a can I might sell 100 a week. When I only have 50 left I can no longer sell 100 and because the demand is there but the supply isn't it will put upward pressure on prices. This time last year there were 900 more homes available for sale in cape. Coral.
the percentage of sales to remaining inventory is actually higher
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Old 12-23-2011, 06:20 PM
 
Location: Cape Coral, FL
964 posts, read 2,056,722 times
Reputation: 591
He's got to be baiting us. No one can be this dense.



Quote:
Originally Posted by nhkev View Post
Fyi you make forest gump look like a genius. If I have 1000 cans of Pepsi and sell them for. 25 cents a can I might sell 100 a week. When I only have 50 left I can no longer sell 100 and because the demand is there but the supply isn't it will put upward pressure on prices. This time last year there were 900 more homes available for sale in cape. Coral.
the percentage of sales to remaining inventory is actually higher
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Old 12-24-2011, 08:45 AM
 
Location: Meredith NH
1,563 posts, read 2,859,390 times
Reputation: 2883
If that guy found a $100 bill on the ground,he'd find some way to put a negative spin on it !
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Old 12-24-2011, 12:34 PM
 
1,299 posts, read 2,338,246 times
Reputation: 245
Quote:
Originally Posted by Samiamnh View Post
If that guy found a $100 bill on the ground,he'd find some way to put a negative spin on it !
No but I would feel bad for the person that lost it, and if there was no way to return it to the individual I would donate it to a good cause.
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Old 12-27-2011, 09:32 AM
 
Location: Cape Coral, FL
964 posts, read 2,056,722 times
Reputation: 591
Quote:
Originally Posted by equalrightsforeveryone View Post
No but I would feel bad for the person that lost it, and if there was no way to return it to the individual I would donate it to a good cause.

Baby steps, Equal - atta boy!
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Old 12-27-2011, 10:39 AM
 
1,299 posts, read 2,338,246 times
Reputation: 245
Quote:
Originally Posted by Izmack View Post
Baby steps, Equal - atta boy!
Your insults just show everyone your true nature. Must be sad to be you.
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Old 02-11-2012, 04:18 PM
 
28 posts, read 49,247 times
Reputation: 31
Just recently purchased a home in Cape Coral, built 1973, less than $75,000. 3 bdroom, 2 bath approximately 1300 sqft. It was a regular sale. No short sale, no forclosure. We spend quite a bit of time looking and found tons of houses for 80,000. and less, but most of the houses were in dire need of renovations and most had been setting empty and needed major/major renovations. It would be easy to purchase these houses, but expect to put an additional 50,000.+ in it. Some newer houses in the Lehigh area, but area is out in the boonies and subject to a lot of breaking and entering, theft of AC units, and not particularly safe. Some homes in areas not family friendly and that is something to watch for. At the time we bought our (two weeks ago) houses that met what we wanted (good condition, little work needed, safe neighborhood, good walkability, close to beach) were far and few between. If you are willing to go up to 100,000.00, it opens up somewhat in availability. Hope this helps. Watch out for short sales, lots of hoops to jump through and many of the short sales fall thru. Same with foreclosures. Regular cash sale, worked great for us.

Last edited by sandyg1; 02-11-2012 at 04:23 PM.. Reason: add more
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Old 02-11-2012, 04:23 PM
 
28 posts, read 49,247 times
Reputation: 31
The house we bought had been freshly painted inside, new garage door, new refrig and built in microwave, new washer/dryer and new tile in living areas of house, new carpet in bedrooms. Granted the bathroom vanities and kitchen cabinets are dated, but a fairly easy fix, as we are DIY'ers. Yard needs maintenance. All in all, with lots of leg work, a great realtor, we are very pleased.
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