U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Maryland
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 08-14-2008, 01:48 AM
 
646 posts, read 1,766,568 times
Reputation: 140
No,IMHO.......alot of people who will come frm NJ will move to PA or DE and if they do move to Maryland it will be just around the Base's.Let's not forget there are alot of people not moving (going with the jobs) and those spots will be filled by people all ready here.
Reply With Quote Quick reply to this message

 
Old 08-14-2008, 07:00 AM
 
250 posts, read 943,148 times
Reputation: 139
BRAC will not "rescue" the market. It WILL help ease some of the downward pressures, but don't think of it as some magic bullet to cure all your ills in the home market.
Reply With Quote Quick reply to this message
 
Old 08-15-2008, 06:15 PM
 
Location: Sherwood
5,061 posts, read 6,976,775 times
Reputation: 4449
Quote:
Originally Posted by TeamBenya View Post
BRAC will not "rescue" the market. It WILL help ease some of the downward pressures, but don't think of it as some magic bullet to cure all your ills in the home market.
I agree. I have been waiting for some sort of BRAC explosion, and I havent' seen it. Until prices become realistic (a 7% drop is nothing considering prices rose 200% in three years), most new employees may decide to rent or telecommute. Remember, some of them may have to sell their current homes. That experience may cause them to be cautious about quickly purchasing a new, expensive home.
Reply With Quote Quick reply to this message
 
Old 08-15-2008, 11:05 PM
 
250 posts, read 943,148 times
Reputation: 139
Quote:
Originally Posted by kinkytoes View Post
I agree. I have been waiting for some sort of BRAC explosion, and I havent' seen it. Until prices become realistic (a 7% drop is nothing considering prices rose 200% in three years), most new employees may decide to rent or telecommute. Remember, some of them may have to sell their current homes. That experience may cause them to be cautious about quickly purchasing a new, expensive home.

7%? Everywhere I've seen prices are off by 30% or more... Be careful when comparing % increases vs. % decreases... a 100% increase would be doubling, but a 100% decrease would be a complete loss of all value.
Reply With Quote Quick reply to this message
 
Old 08-16-2008, 02:26 PM
 
1,764 posts, read 3,691,127 times
Reputation: 735
Quote:
Originally Posted by kinkytoes View Post
Until prices become realistic (a 7% drop is nothing considering prices rose 200% in three years), most new employees may decide to rent or telecommute.
We bought our home in Jan '04, and it increased by 53% at the peak.

It's now fallen back to about 33% higher than when we bought, and that's spread over 4 years.
Reply With Quote Quick reply to this message
 
Old 08-17-2008, 08:09 AM
 
Location: Frederick MD
67 posts, read 144,047 times
Reputation: 22
Waves at Neighbor Tim ...

In re BRAC vis a vis Fredneck: Fort Detrick will only get about 200 or so BRAC jobs from other location, and they won't arrive for a couple of years yet.

The NIBC buildup will bring in about 1,000 employees (mostly scientist/research/technician slots) over the next few years, topping out in about 10 years.

Em and I are figuring we'll be here about 3 years, and have begun looking at homes ...
Reply With Quote Quick reply to this message
 
Old 08-17-2008, 04:53 PM
 
73 posts, read 375,799 times
Reputation: 30
Quote:
Originally Posted by TeamBenya View Post
7%? Everywhere I've seen prices are off by 30% or more...
Probably not everywhere, but it sure seems that's the case in Howard County.
Reply With Quote Quick reply to this message
 
Old 08-22-2008, 06:03 PM
 
Location: Sherwood
5,061 posts, read 6,976,775 times
Reputation: 4449
Quote:
Originally Posted by TeamBenya View Post
7%? Everywhere I've seen prices are off by 30% or more... Be careful when comparing % increases vs. % decreases... a 100% increase would be doubling, but a 100% decrease would be a complete loss of all value.
Is that the new math?
Reply With Quote Quick reply to this message
 
Old 08-22-2008, 08:40 PM
 
99 posts, read 350,482 times
Reputation: 33
somewhere your 6th grade math teacher is weeping kinkytoes.
Reply With Quote Quick reply to this message
 
Old 08-22-2008, 09:31 PM
 
250 posts, read 943,148 times
Reputation: 139
Quote:
Originally Posted by kinkytoes View Post
Is that the new math?
New Math? Not That I'm aware of....

take any number, and increase it by 100%. What is the new sum?

100% of 20 would be 20, correct?

so let's increase 20 by 100%. the new sum would be 40, or double the original sum.

if you decrease 20 by 100%, you get a sum of 0. (remember, it would be 20-20=0 here)

Now let's apply it to home values:

IF your house was worth $200,000 in the year 2001, and it grew 100% in value by 2005, how much would it be worth in 2005? ($400,000)

IF your home, worth $400,000 in 2005, dropped in value 100% from 2005 to 2008, how much is it worth? (NOTHING, because 100% of $400,000 would be $400,000, and $400k-$400k=$0.00!!!)

Now, let's say that home worth $400k in 2005 was only worth $300k in 2008:

That Would Mean:

1)From 2001-2008 the home grew in value by 50% (50% of 200k is 100k, and 100k+200k=300k, or the adjusted value of the home in the year 2008)

2)From 2001-2005 the home grew in value by 100% to a value of 400k, right? This does not mean that from 2005-2008 the home fell in value by 50%, and here's why:

3)A home worth 400k, that falls to a value of 300k, has lost 25% (NOT 50%) of it's total value. (400k x 25% = 100k, so 400k-100k=300k, or a value loss of 25%)

No fuzzy math here from what I see, am I forgetting something, or am I not making any sense?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $79,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Maryland
Similar Threads

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top