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Old 05-05-2009, 08:26 PM
 
Location: Chicago
15,585 posts, read 26,996,477 times
Reputation: 1761

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^ How much did you buy for and what burb are you in? Was it a gut rehab or just a half assed one? Every situation is not the same.^
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Old 05-05-2009, 08:41 PM
 
Location: Wicker Park, Chicago
4,790 posts, read 14,573,967 times
Reputation: 1962
Yeah, housing is still too expensive! I hope prices crash down 40% more!
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Old 05-05-2009, 08:43 PM
 
11,973 posts, read 31,248,201 times
Reputation: 4632
Quote:
Originally Posted by Jesse69 View Post
Yeah, housing is still too expensive! I hope prices crash down 40% more!
That's the dumbest thing I've ever heard. Do you have any idea what effect that would have on the economy? It would be the Great Depression times ten.
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Old 05-05-2009, 08:55 PM
 
Location: Wicker Park, Chicago
4,790 posts, read 14,573,967 times
Reputation: 1962
Quote:
Originally Posted by Lookout Kid View Post
That's the dumbest thing I've ever heard. Do you have any idea what effect that would have on the economy? It would be the Great Depression times ten.
An economy based on rising home prices until people can't afford to buy a home is TOTAL BULL****... Now we're suffering from drawbacks. But maybe put more blame on bad subprime mortgages & etc...

Our economy should be strong based on the production of goods and services, and NOT ON RISING HOME PRICES SO PEOPLE CAN FLIP HOUSES OR USE THEM LIKE ATMS - LIKE OUR PREVIOUS BULL**** ECONOMY!

So you're dumb!

Oh, buy a cheap condo in Logan Square or Humbolt Park! Is Uptown still cheap?
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Old 05-05-2009, 08:59 PM
 
Location: Chicago: Beverly, Woodlawn
1,966 posts, read 5,974,058 times
Reputation: 703
It seems to me that sharply falling home prices would be more the consequence of a horrible economy than the cause. So, I don't want it to happen, because it would go hand and hand with a lot of other bad things that aren't good for anyone.
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Old 05-05-2009, 09:36 PM
 
Location: Chicago- Lawrence and Kedzie/Maywood
2,242 posts, read 6,144,652 times
Reputation: 741
We should all get our own place in a skyscraper and have wild parties.
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Old 05-05-2009, 09:43 PM
 
Location: Chicago
15,585 posts, read 26,996,477 times
Reputation: 1761
Hmm that might actually be a good idea. Everyone chips in...Split 20 ways or something I think it would not be too hard to afford that. Haha.
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Old 05-05-2009, 09:55 PM
 
11,973 posts, read 31,248,201 times
Reputation: 4632
My ex-girlfriend's little brother did this with a house in the Hamptons. He got like twenty of his New York buddies together and got a huge party house on the beach. I'm not sure who held the title, however, but they were all a bunch of rich little ****ers.
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Old 05-05-2009, 09:59 PM
 
11,973 posts, read 31,248,201 times
Reputation: 4632
Quote:
Originally Posted by Jesse69 View Post
An economy based on rising home prices until people can't afford to buy a home is TOTAL BULL****... Now we're suffering from drawbacks. But maybe put more blame on bad subprime mortgages & etc...
Sure, but another 40% drop in home values would be catastrophic. Nearly everyone would choose forclosure because nearly everyone would be upside down. And pretty much every bank holding mortgages would fail in a spectacular collapse of the global financial system. And then there's the vast amounts of personal wealth down the drain on top of it all...

Last edited by Lookout Kid; 05-05-2009 at 10:16 PM..
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Old 05-05-2009, 10:12 PM
 
Location: Cardboard box
1,909 posts, read 3,722,830 times
Reputation: 1334
Who's bringing the mushrooms cause I'm not allowed to smoke anymore? j/k
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