Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 2 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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 12-03-2008, 09:08 AM
 
5,616 posts, read 15,494,187 times
Reputation: 2823

Advertisements

[quote=Bill Keegan;6404682]And honesty also doesn't require that I tell you everything I believe. Just that what I tell you is in fact true & not misleading. Telling you that I'm not going to support your assertion because I work for a guy who has a different perspective is in fact honest. It's just not what you want to hear.

PERFECT YOUR HIRED WHEN I SELL MY HOUSE!!!!! Honestly, this is it you hit the nail on the head.
Reply With Quote Quick reply to this message

 
Old 12-03-2008, 09:38 AM
 
250 posts, read 682,376 times
Reputation: 75
Default Stevemorse

"Housing is overpriced" The government is saying it, newscasters are saying it, realators are saying it, finanical experts are saying it....everyone is saying it....housing is overpriced! If the prices don't get back to realistic values economy will continue to decline. This is why we are here in the first place. Why was the $7oo billion proposed to begin with. To buy up bad mortgages. And what has these overprice home sales done...given people no money to spend. Now we are bailing out everyone. Now our children will be set up with higher taxes...higher everything. I mean even crime gets worse...why because of the over valued, unrealistic home sales!
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 10:00 AM
 
5,616 posts, read 15,494,187 times
Reputation: 2823
Quote:
Originally Posted by LCMT View Post
"Housing is overpriced" The government is saying it, newscasters are saying it, realators are saying it, finanical experts are saying it....everyone is saying it....housing is overpriced! If the prices don't get back to realistic values economy will continue to decline. This is why we are here in the first place. Why was the $7oo billion proposed to begin with. To buy up bad mortgages. And what has these overprice home sales done...given people no money to spend. Now we are bailing out everyone. Now our children will be set up with higher taxes...higher everything. I mean even crime gets worse...why because of the over valued, unrealistic home sales!
dude, crime is getting worse because people are being layed off and can't buy their crack or heroin as much as they used to, so the low level street dealer does not have as much money so he/she is already a criminal so they commit a different kind of crime. Trust me, been there!!! Crime has nothing to do with the housing market, but loss of jobs , cant buy drugs, low level dealers need money so crimes are commited by them!!!

I used to get high, when I quit, my dealer lost 200 - 250 dollars a week, so in one month she lost 800 at a low level a month. She called me every other day trying to get me back on the pipe!!! Dude, its a big hit to a drug dealer and they dont give a rats ass about the law!
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 10:58 AM
 
250 posts, read 682,376 times
Reputation: 75
Quote:
Originally Posted by stevemorse View Post
dude, crime is getting worse because people are being layed off and can't buy their crack or heroin as much as they used to, so the low level street dealer does not have as much money so he/she is already a criminal so they commit a different kind of crime. Trust me, been there!!! Crime has nothing to do with the housing market, but loss of jobs , cant buy drugs, low level dealers need money so crimes are commited by them!!!

I used to get high, when I quit, my dealer lost 200 - 250 dollars a week, so in one month she lost 800 at a low level a month. She called me every other day trying to get me back on the pipe!!! Dude, its a big hit to a drug dealer and they dont give a rats ass about the law!
Oh...so now all these honest hard working people who are losing their jobs, buyers and general family men etc are crack/heroin addicts. Come on....now I know where your rants come from dude!
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 11:21 AM
 
89 posts, read 243,058 times
Reputation: 36
Quote:
Originally Posted by LCMT View Post
Especially these sellers who bought a house dirt cheap. I've seen many..they don't want to budge $50,ooo cheaper and their making $450,000 profit. Greed!
Good point.

I just saw this house reduced its price from $950k to $800k. You think it is a big reduction until you saw what their purchase price is: $425k in 1999. And I am sure they've done nothing major in terms of improvement.

Now I wonder who the next fool is who would buy this house and let the seller make such a huge profit.
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 11:38 AM
 
1,340 posts, read 3,692,802 times
Reputation: 451
Quote:
Originally Posted by bluemask View Post
Good point.

I just saw this house reduced its price from $950k to $800k. You think it is a big reduction until you saw what their purchase price is: $425k in 1999. And I am sure they've done nothing major in terms of improvement.

Now I wonder who the next fool is who would buy this house and let the seller make such a huge profit.
Granted the price is over inflated but that isn't the sellers fault. He is probably priced somewhere near the current pricing of the area. Ideally he would drop a few % below it to try for a quicker sale since he has the wiggle room you would hope (assuming he didnt take equity lines out etc...)

Prices can't go back to normal overnight. It took 4-5 years to get as crazy as they did. You probably have the same period to get back to normal.
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 11:44 AM
 
250 posts, read 682,376 times
Reputation: 75
Quote:
Originally Posted by bluemask View Post
Good point.

I just saw this house reduced its price from $950k to $800k. You think it is a big reduction until you saw what their purchase price is: $425k in 1999. And I am sure they've done nothing major in terms of improvement.

Now I wonder who the next fool is who would buy this house and let the seller make such a huge profit.

I love it! So they expect a buyer in 10 years time to make $400/$500,000 more in profit....$1.2 million on a house I'm sure isn't worth it. Ha Ha This is exactly my point...people are being greedy. That house should be priced approx at $525 to $600,000. There is no way a house should be doubling in price every 10years. Think about it...the future would be an economically insane world. Thats why like the first post says...do your research...once you see the crazy unrealistic profits people are tying to make you will never pay that price. Using a home to rip people off! www.propertyshark.com among others. Refer back to the first post for the other two websites. These have been most helpful and eye opening. With smarter buyers and more info at our fingertips it will make sellers have a tougher time selling an overvalued home.
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 11:46 AM
 
250 posts, read 682,376 times
Reputation: 75
Quote:
Originally Posted by NatasNJ View Post
Granted the price is over inflated but that isn't the sellers fault. He is probably priced somewhere near the current pricing of the area. Ideally he would drop a few % below it to try for a quicker sale since he has the wiggle room you would hope (assuming he didnt take equity lines out etc...)

Prices can't go back to normal overnight. It took 4-5 years to get as crazy as they did. You probably have the same period to get back to normal.
The current pricing market value is based on 06' prices that were somewhere out in space land. Todays current market value is a phantom current market value. There is no more credibility in fair market value!

Last edited by LCMT; 12-03-2008 at 11:59 AM..
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 11:46 AM
 
Location: Martinsville, NJ
6,175 posts, read 12,915,122 times
Reputation: 4020
Quote:
Originally Posted by bluemask View Post
Good point.

I just saw this house reduced its price from $950k to $800k. You think it is a big reduction until you saw what their purchase price is: $425k in 1999. And I am sure they've done nothing major in terms of improvement.

Now I wonder who the next fool is who would buy this house and let the seller make such a huge profit.
If the seller had bought it two years ago, and paid $999,000 for it, would that make it more palatable to you? Conversely, if he never paid a dime for it, but inherited it from his mother who died a year ago, do you feel he should just give it to charity, because making a profit is greedy?
The next "fool" to buy this house will likely do so becasue the price he pays is what it takes to buy a house like this in this neighborhood. He will likely not care how much profit the seller makes, as that's sort of irellevant the the current market value. He will instead be focused on getting the best house for him & his situation for the dollars he is willing to spend.
Reply With Quote Quick reply to this message
 
Old 12-03-2008, 12:04 PM
 
5,616 posts, read 15,494,187 times
Reputation: 2823
Quote:
Originally Posted by LCMT View Post
Oh...so now all these honest hard working people who are losing their jobs, buyers and general family men etc are crack/heroin addicts. Come on....now I know where your rants come from dude!
read how stupid your reason for crime has gone up, over priced housing market???? That makes no sense to me? Well Yes I do know quite a few people who are on drugs and layed off. Now they are trying to get off drugs and have been for quite sometime but getting layed off sure put a dent in snorting that coke on friday night!!! No I am not crazy!!! If you think Wall Street Executives are immune to cocaine and porn because they have or had a high price job, your sadly wrong!!! Matter of fact not all, but a lot of people with good jobs did do drugs! I am not saying ton and tons, but certainly I knew quite a few!!! Single 30 's men who had a nice taste for coke and women. Please wake up! Ohh maybe not addicts but they did like to party on a Friday night and grab a gram or two to snort up their nose, and hit a few clubs, now that they are out of a job, that has really slowed down.
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:



Over $104,000 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 > New Jersey
Similar Threads

All times are GMT -6. The time now is 02:59 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top