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I think what we see being posted, are thoughts from people really irritated that the signs of economic recovery keep continuing to happen. The significance of this information is lost in their anti-Obama fervor.
Yes, they can't hide their disgust for good news. They react like vampires when sunlight hits them.
Though the state is still digging out from the overbuilding excesses of the housing boom, home builders are ramping up their operations for the first time in four years. They are buying land, hiring workers and actually selling homes.
Most of the action is happening near larger cities, where the jobs are found. Thanks to these pockets of strength, building permits for single-family homes are up 60% in the first two months of 2010 compared to the same period a year earlier, according to federal statistics
Builders are actually surprised at the brisk pace at which their new houses are selling.
Take K. Hovnanian's Harbour Isles project in Apollo Beach, just south of Tampa. The builder has sold 12 houses in eight weeks to young professionals, retirees from up north, as well as a few real estate agents. Demand has been so strong for the homes, which start at 1,850-square-feet, that K. Hovnanian recently upped the opening price by $10,000 to $169,990.
Wow. The ultimate in stupidity. They are still digging out from the surplus of homes yet they are building more and people are buying? There's Florida for ya!
Wow. The ultimate in stupidity. They are still digging out from the surplus of homes yet they are building more and people are buying? There's Florida for ya!
What is so stupid about people wanting to live in a home?
I'd be scared s***less if I "owned" a home that was currently worth 500K or more.
That would depend on when one bought their home. If they bought their home years ago on the top of the bubble, they've already taken the hit in their equity. If they recently bought their home they probably got one hell of a bargain.
Quote:
Originally Posted by summers73
Not really. I want a super bargain and I'm just not satisfied with the price drops thus far. Much more to come, guaranteed.
Here I completely disagree with you. Home prices have tanked so far so fast that they have no where to go but up.
Quote:
Originally Posted by summers73
After the homebuyer credit expires this month, I am looking forward to the bargains that await.
There are HUGE bargains for those willing to be selective in what they are buying. I think the homebuyer credit was a sham to begin with, and continues to be one. It was created to simply keep homes on the market, rather than hit the forclosure market. It was another bailout to banks, using buyers as the go between, and saved sellers from having to short sale their properties by at least $8K..
I think you'd agree with me more often if you'd stop taking such a defensive stand to defend Obama. If you had your eyes wide open, you'd understand that many of my postings discuss reality, be them for, or against Obama. I could care didly who the president is, we are discussing the economy.
Quote:
Originally Posted by Finn_Jarber
I have been eyeballing the Miami/Ft Lauderdale beach condos too, and they are indeed gorgeous units with all imaginable unpgrades, but the monthly maintanance fees are a killer.
Which is why I'm looking at buying out the whole building. Not a chance I want an individual condo, I dont understand the attraction to them. One may as while just rent..
So who's brave enough to buy? Predominantly first-time buyers who are taking advantage of the federal tax credit, and retirees who are finding Florida affordable once again.
These two groups in particular were priced out of the market during the boom and were afraid of plunging house values during the bust. Now, however, these would-be homeowners are ready to sign contracts because they have more confidence that the bottom is near.
Who isn't part of the buying trend: Investors, who helped drive up home values just a few years ago.
Yes, they can't hide their disgust for good news. They react like vampires when sunlight hits them.
And you go from one extreme, to the other.
Just because someone sold 12 homes, and permits for homes are up, doesnt mean the economy has recovered.
Permits are often given out but until ground breaks and loans are arranged, a permit is nothing more than a piece of paper which does not generate any economic stimulation. (other than the fee to the government).
So who's brave enough to buy? Predominantly first-time buyers who are taking advantage of the federal tax credit, and retirees who are finding Florida affordable once again.
So while disputing summers argument, you validate her opinion that the sales are related to the tax credit.. I dont think I've ever heard anyone dispute an argument, and validate it all in the same sentence..
So who's brave enough to buy? Predominantly first-time buyers who are taking advantage of the federal tax credit, and retirees who are finding Florida affordable once again.
These two groups in particular were priced out of the market during the boom and were afraid of plunging house values during the bust. Now, however, these would-be homeowners are ready to sign contracts because they have more confidence that the bottom is near.
Who isn't part of the buying trend: Investors, who helped drive up home values just a few years ago.
You were asking me what's wrong with wanting a home. That's not what the article is about. Everyone wants a home, and I wouldn't challenge that statement. People in Zimbabwe want homes too. I'd be hard pressed to find someone in the world who doesn't want a home. You might as well have asked "What's wrong with wanting the sun to rise from the East?". The article is about building permits, not on the desire of people wanting homes.
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