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Old 11-10-2010, 11:33 AM
 
Location: Las Vegas
3,728 posts, read 9,469,763 times
Reputation: 1323

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Quote:
Originally Posted by eventusstultorummagister View Post
The answer is quite simple my dear...
"there's one born every minute"!

Maybe in your world my dear, otherwise you wouldn't be here, hahahaha!!
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Old 11-10-2010, 11:44 AM
 
2,724 posts, read 4,762,043 times
Reputation: 1042
Lightbulb Lights are on but apparently nobody's home...

Quote:
Originally Posted by MomMom View Post
Maybe in your world my dear, otherwise you wouldn't be here, hahahaha!!
Could you sell your home today for what you have invested?

Didn't think so...

Bailiff, next case please!

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Old 11-10-2010, 11:49 AM
 
Location: Las Vegas
3,728 posts, read 9,469,763 times
Reputation: 1323
Quote:
Originally Posted by eventusstultorummagister View Post
Could you sell your home today for what you have invested?

Didn't think so...

Bailiff, next case please!

I've been here for 31 years and own outright three homes, might be buying up a fourth. The answer is definately YES, put the lights on, not everyone is as miserable as you!
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Old 11-10-2010, 11:56 AM
 
2,724 posts, read 4,762,043 times
Reputation: 1042
Quote:
Originally Posted by MomMom View Post
I've been here for 31 years and own outright three homes, might be buying up a fourth. The answer is definately YES, put the lights on, not everyone is as miserable as you!
Pay attention please, I am NOT a home owner however, I AM on my way to the big island to look at some beachfront properties selling for 80's prices.

Enjoy!
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Old 11-10-2010, 12:00 PM
 
Location: Las Vegas
3,728 posts, read 9,469,763 times
Reputation: 1323
Quote:
Originally Posted by eventusstultorummagister View Post
Pay attention please, I am NOT a home owner however, I AM on my way to the big island to look at some beachfront properties selling for 80's prices.

Enjoy!
As you said, a sucker born every minute.

Buh bye and good luck with your purchase!
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Old 11-10-2010, 12:09 PM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,484,904 times
Reputation: 7615
Quote:
Originally Posted by MadManofBethesda View Post
Here's a quote from the second paragraph of that article:

The depressed housing market looks more and more like a giant opportunity for young first-time buyers lucky enough to have stable jobs, investors in rental properties, even empty nesters with enough equity left in their existing homes to downsize.

And here's one from the third:

Here are 10 nice homes for sale in solid urban and suburban neighborhoods with asking prices under $100,000. See if you are as surprised as we were at how far $75,000 goes in some parts of the country.

Looks like a pretty positive article to me. But then again, I am not fixated on looking for negative info on cities I haven't been to in over three years and don't plan on visiting again in the foreseeable future.

But whatever floats your boat.
The blind eye misses these points, also noted in the article...

Homeowners know the bad news too well: residential real estate values have plummeted more than 25% nationally during the Great Recession, as much as 40-50% in some metro areas.

and this, written about Las Vegas...

The Las Vegas metro housing market has been among the hardest hit in the nation. This home is located 9 miles north of the Las Vegas Strip. The owner recently reduced the asking price by $5,000.

The article could have easily been named "The Ten Top US Cities Where The Real Estate Crisis Has Hit The Hardest". Lousy company.

Last edited by jfkIII; 11-10-2010 at 12:23 PM..
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Old 11-10-2010, 12:20 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,184,186 times
Reputation: 2661
Quote:
Originally Posted by jfkIII View Post
The blind eye misses thes points, also noted in the article...

Homeowners know the bad news too well: residential real estate values have plummeted more than 25% nationally during the Great Recession, as much as 40-50% in some metro areas.

and this, written about Las Vegas...

The Las Vegas metro housing market has been among the hardest hit in the nation. This home is located 9 miles north of the Las Vegas Strip. The owner recently reduced the asking price by $5,000.

The article could have easily been named "The Ten Top US Cities Where The Real Estate Crisis Has Hit The Hardest". Lousy company.
The house is a short sale and probably still overpriced. That model in that tract has sold as low as $65K. Note that this is not a great tract...it is located between commercial property and a freeway.

The value of houses is down from a peak...but down only slightly from a long term growth curve. Those who bought got screwed by their timing...but the rest of the town is generally not hurting.

You are under the impression Dallas TX is hurting RE wise?
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Old 11-10-2010, 12:23 PM
 
Location: Las Vegas
3,728 posts, read 9,469,763 times
Reputation: 1323
Quote:
Originally Posted by olecapt View Post
The house is a short sale and probably still overpriced. That model in that tract has sold as low as $65K. Note that this is not a great tract...it is located between commercial property and a freeway.

The value of houses is down from a peak...but down only slightly from a long term growth curve. Those who bought got screwed by their timing...but the rest of the town is generally not hurting.

You are under the impression Dallas TX is hurting RE wise?
Exactly...I remember reading somewhere recently that prices were down to the 2000 year level, is this still correct?
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Old 11-10-2010, 12:33 PM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,484,904 times
Reputation: 7615
Quote:
Originally Posted by olecapt View Post
You are under the impression Dallas TX is hurting RE wise?
Maybe?...but not as bad as LV. I have no idea what the one anomaly in August 2009 was attributed to...

Dallas, Texas Real Estate Market - AOL Real Estate

Not too recent...but it looks like they've had problems. Again, nothing like LV...

//www.city-data.com/forum/dalla...ces-lists.html

Last edited by jfkIII; 11-10-2010 at 12:43 PM..
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Old 11-10-2010, 01:26 PM
 
6,384 posts, read 11,875,954 times
Reputation: 6859
Does it make any sense to compare a 1400 sf house to houses twice its size or larger anyways? Even worse location is everything. Some of the houses might be well located, others could be in sketchy areas. Just a really stupid idea for a story, but Yahoo fills up the page daily with such crap.
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