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.
long in the tooth only in certain areas . other areas are down or about the same . again , it is localized . if certain areas fall a lot you can be sure there are other factors involved not just rates .
where we are in queens prices never really went up a lot outside of manhattan so when they fell we did not see a big drop either . recovery has been slow at best but basically we don't have a hot market today ..
Name one place that's not crappy that is still down. Even third rate cities like Raleigh, Nashville, and Portland are rallying.
where we were in the pocono's is a great area . but the economy has been tough so prices have been falling . the local ski area closed and it hurt the area . it has zero to do with rates being low or going up .
i don't track other states so i can't tell you but if you want a broad view just look at the fha housing index or shillers data . we are a fabulous area 20 minutes from manhattan and we have not gone up much .
No, it was $530k in 1989. Dream on. This is not even in the Bay Area. It was in South Orange County.
I think if you keep reading these extreme views on CD, you will be complaining forever.
No, it was $530k in 1989. Dream on. This is not even in the Bay Area. It was in South Orange County.
I think if you keep reading these extreme views on CD, you will be complaining forever.
This housing recovery is getting long in the tooth. I guess we'll have to see. It's been 5 years now. Nonetheless I'll continue to save part of my income and be ready to strike
Back in 1998 we "lost" about 1/3 of our home value. It took until around 03 before prices started going up. By 06 the house was "worth" 4x what we paid for it. We literally had people coming up to the door asking if we wanted to sell.
Today it's worth about 3x what we paid for it. We still have the house. It's a rental. It shall be a rental till I move out of state or die.
The rates would have to go up astronomically to make it unaffordable. If 150-170 dollar cost raise makes it unaffordable you probably shouldn't be buying a house in the first place. Everyone is sitting here waiting for the other shoe to drop. All the people who bought in 09-12 are sitting back laughing now.
While real estate may be "local" there are a lot of not so local people buying.
Prices on houses are never going to stop going up. In the last 25 years of me being a homeowner housing has ALWAYS gone up. Yes it has lost value but it gets it back. None of the houses we own have ever gone below what we paid for them. Even our current house, in 10 years the price we paid won't be seen again
Note to files: Interest rates and asset prices are inversely related.
That's all in this post, but that's not all in the real world. Out there, many other factors can also come into play.
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.
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.
