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Old 10-08-2013, 04:44 PM
 
12,017 posts, read 14,322,039 times
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Quote:
Originally Posted by CHASLS2 View Post
The one big home buying company i loaned money 2 has slowed way down. Repeat of 08 is coming. Flood Ins will kill off the rest for many areas.
Might be true except for the fact that 08 and beyond killed off home building until recently. Very low supply in many areas. That will keep prices stable.
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Old 10-08-2013, 05:04 PM
 
30,432 posts, read 21,248,616 times
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Quote:
Originally Posted by chopchop0 View Post
Might be true except for the fact that 08 and beyond killed off home building until recently. Very low supply in many areas. That will keep prices stable.
All areas have come back minus west Pasco west of US19. Dead as can be.
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Old 10-08-2013, 06:48 PM
 
Location: North of South, South of North
8,704 posts, read 10,899,542 times
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Tampa Bay home prices are still 25% below their pre-crash highs. Plenty of room to go. This data is contained in previous links.
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Old 10-08-2013, 07:05 PM
 
27,214 posts, read 46,741,218 times
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Some people can be as negative as they want but sellers have been very happy the last year in many places.

For all posters who want everyone to believe that entire areas are doomed and bad and nothing good has or will come from that area....keep thinking and acting that way while others have made good deals and made money.

This is the free USA and the whiners are usually the entitlement people and while they are whining others are going out, do things, act fast and make money!
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Old 10-09-2013, 06:20 AM
 
3,826 posts, read 5,805,690 times
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Quote:
Originally Posted by PriusH8r View Post
Tampa Bay home prices are still 25% below their pre-crash highs. Plenty of room to go. This data is contained in previous links.
LOL
Are you trying to say prices will be right at the level when it gets to the crash highs? It will repeat last crash which will create another round of short sales and foreclosures and will drive prices down.
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Old 10-09-2013, 06:25 AM
 
3,826 posts, read 5,805,690 times
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Quote:
Originally Posted by chopchop0 View Post
Might be true except for the fact that 08 and beyond killed off home building until recently. Very low supply in many areas. That will keep prices stable.
Builders started coming back, but they are not doing nearly good as it used to be and it has everything to do with their pricing. Due to low inventory builders are setting pretty high price point for the garbage they build. Builders are not selling as much as they wish to sell and people who buy new builds in certain areas paying the price close to list pre-crash level -> we are going to see foreclosures again and again...
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Old 10-09-2013, 07:17 AM
 
Location: North of South, South of North
8,704 posts, read 10,899,542 times
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Quote:
Originally Posted by EngGirl View Post
LOL
Are you trying to say prices will be right at the level when it gets to the crash highs? It will repeat last crash which will create another round of short sales and foreclosures and will drive prices down.
No, just saying the prices still are not even close to where they once were........so the people thinking we have completely recovered or we are in the same position as before are absolutely incorrect.

BUT, there will most definitely be a downturn someday and then another upturn and then another downturn. That is how the market has always performed and always will.
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Old 10-09-2013, 07:32 AM
 
1,106 posts, read 2,283,009 times
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Quote:
Originally Posted by PriusH8r View Post
Tampa Bay home prices are still 25% below their pre-crash highs. Plenty of room to go. This data is contained in previous links.
Yeah, and pets.com was trading at over $100 a share in 2000. Why would anyone ever look at those pre-crash numbers and compare them to anything?

The only way that prices reached that high was because every fast food worker was defrauding the banks by borrowing 50 times their income to buy speculative real estate.

If the house I am living in reaches the "pre-crash" asking price it was being offered at, I am selling in a heartbeat and renting. Nothing (except for maybe a Cat 4 storm) would crush the local economy worse than that.
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Old 10-09-2013, 07:38 AM
 
641 posts, read 1,020,682 times
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Quote:
Originally Posted by PriusH8r View Post
No, just saying the prices still are not even close to where they once were........so the people thinking we have completely recovered or we are in the same position as before are absolutely incorrect.

BUT, there will most definitely be a downturn someday and then another upturn and then another downturn. That is how the market has always performed and always will.
Not really, since the 1950s the real estate market was steadily increasing, hence the theory in the early to mid 2000s that real estate was a no brainer and could never crash.

The only way we will see bubble 2007 highs in real estate again would be due to inflation and not supply/demand, unless of course all else equal another bubble occurs.
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Old 10-09-2013, 07:38 AM
 
3,826 posts, read 5,805,690 times
Reputation: 2401
Quote:
Originally Posted by PriusH8r View Post
No, just saying the prices still are not even close to where they once were........so the people thinking we have completely recovered or we are in the same position as before are absolutely incorrect.
well, the prices might be not as close to last pre-crash level in your area, but in my area they were getting very close to it and houses were selling with no issues! Not any longer even though you still believe housing market was improved... Go to real estate subforum and read all complains about slow market, no showing, no offers and so on. Mini bubble lost its air. Peak was during this Summer as your prev. posted links were stated.
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