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Ok, I know I will not be popular with a lot of the naysayers, but I had no problem selling my Florida home earlier this year. Yes, I bought it in 2004, and I also know when something is a good deal. I also have an investment home that I have had two different realtors ask me to let them list because it is in the price range of what is 'hot' right now. ..blah, blah..I bought it in 2005 and could still walk away with quite a bit of money. My mother in law ..blah blah.. got her asking price, and has a back up contract on it. Not everyone who bought in the last few years got ripped off. In fact, I don't know anyone who can't make a profit off their homes. maybe not as much as they want, but they can sell if they want to. ...
I know hindsight is 20/20 but ain't it fun to bump a thread using a hilariously misleading post based on only anecdotal evidence!?
So there was no RE crash in FL? ...and we dreamt it all?
The crash in 1989 due to the S&L debacle (remember Lincoln Savings and McCain's buddies that got indicted?) did not see any appreciable recovery until circa 2000, at which point it edged up towards it's peak of stupidity in 2007, then crashed again. Peak to peak you're talking 17 or so years. It's generational, and has to do with forgetfulness and the manipulations and machinations of big money resorting to old techniques to profit, leading to the same result. This time around it was derivatives. They all came out smelling like a rose, bailed out by the taxpayers, who footed the bill for the stupidity.
Ok, I know I will not be popular with a lot of the naysayers, but I had no problem selling my Florida home earlier this year. Yes, I bought it in 2004, and I also know when something is a good deal. I also have an investment home that I have had two different realtors ask me to let them list because it is in the price range of what is 'hot' right now. Those are two respected realtors asking for a listing. Yes, I bought it in 2005 and could still walk away with quite a bit of money. My mother in law has her house FSBO in Miami, got her asking price, and has a back up contract on it. Not everyone who bought in the last few years got ripped off. In fact, I don't know anyone who can't make a profit off their homes. maybe not as much as they want, but they can sell if they want to. Not saying some people aren't in trouble, but come one, it's not the majority of people.
nationally 16% of home owners owe more than the home is worth .
Originally Posted by dlh891 Ok, I know I will not be popular with a lot of the naysayers, but I had no problem selling my Florida home earlier this year. Yes, I bought it in 2004, and I also know when something is a good deal. I also have an investment home that I have had two different realtors ask me to let them list because it is in the price range of what is 'hot' right now. ..blah, blah..I bought it in 2005 and could still walk away with quite a bit of money. My mother in law ..blah blah.. got her asking price, and has a back up contract on it. Not everyone who bought in the last few years got ripped off. In fact, I don't know anyone who can't make a profit off their homes. maybe not as much as they want, but they can sell if they want to. ...
I know hindsight is 20/20 but ain't it fun to bump a thread using a hilariously misleading post based on only anecdotal evidence!?
So there was no RE crash in FL? ...and we dreamt it all?
Of course there was. The question is, however, had it necessarily happened everywhere in Florida as of September 2008? After all, that was the date of the post that you are now laughing about. I fail to see what is so hilarious about a poster stating that he didn't personally know anyone who couldn't have made a profit on his home by selling in September 2008. In fact, unless someone bought in 2007, or perhaps late 2006, they probably weren't upside down on their house as of mid-2008. House prices were still higher in mid-2008 than they were in 2005, at least in Miami. Of course, they had much further to fall from that point on and through the next several years, but that is not relevant when discussing a comment made in Sept. 2008.
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