U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
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.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 05-26-2009, 10:56 AM
 
1,552 posts, read 4,377,407 times
Reputation: 507

Advertisements

The fastest drop on record.

New York-area home prices fall by record 11.9 percent - Real Estate - NJ.com

Green shoots LOL.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 05-26-2009, 10:57 AM
 
50 posts, read 167,670 times
Reputation: 36


www.njrereport.com
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-26-2009, 11:37 AM
 
364 posts, read 778,530 times
Reputation: 100
Quote:
Originally Posted by Lusitan View Post
Better for the economy in the long run. And our kids will be able to buy a roof over their head when they grow up.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-26-2009, 12:51 PM
 
Location: New Jersey
3,888 posts, read 4,278,963 times
Reputation: 3784
Quote:
Originally Posted by Autumn31 View Post
Mr. Bednar, is that you ?

stop pimping your website, and go back to selling insurance
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-26-2009, 01:06 PM
 
835 posts, read 1,065,397 times
Reputation: 186
ouch.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-26-2009, 04:10 PM
 
Location: New Jersey
3,888 posts, read 4,278,963 times
Reputation: 3784
for those of you who insist on referring to housing purchases as an investment, then realize that it's typical for a correction in pricing on any investment to overshoot expectations, especially corrections that were subsequent to rampant speculation.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-26-2009, 04:15 PM
 
231 posts, read 551,868 times
Reputation: 50
Quote:
Originally Posted by JG183 View Post
for those of you who insist on referring to housing purchases as an investment, then realize that it's typical for a correction in pricing on any investment to overshoot expectations, especially corrections that were subsequent to rampant speculation.
Actually, an investment would be something that makes money either via cash flow or capital appreciation. Single family homes as a primary residence do neither. A period of irrational exhuberance had many insisting otherwise, but they are now learning the error of their ways. Single family homes are a liability whose primary benefits are purely emotional--nothing wrong with this. An investment though? Never.
Rate this post positively Reply With Quote Quick reply to this message
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.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey

All times are GMT -6.

¬© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top