Foreclosures

[Kulindahr]

This is why I'm buying physical Gold ,and not paper. Not as a long term investment,but as a hedge against inflation. After a trip the super market and the gas station,The average person knows the government is lying saying there is no inflation.

The government constantly changes what's in its "shopping basket" of goods used to measure inflation. The whole point is to lie.

 

[metta]

The 5 states where housing will recover first

Best: North Dakota, South Dakota, Iowa, Nebraska, Oklahoma

Worst: Nevada, Michigan, California, Florida, Rhode Island

http://www.marketwatch.com/story/th...ng-will-recover-first-2011-01-12?siteid=nwhpf

 

[metta]

Would-be homeowners get down payment help

http://www.marketwatch.com/story/would-be-homeowners-get-down-payment-help-2011-01-12?siteid=nwhpf

 

[Kulindahr]

The 5 states where housing will recover first

Best: North Dakota, South Dakota, Iowa, Nebraska, Oklahoma

Worst: Nevada, Michigan, California, Florida, Rhode Island

http://www.marketwatch.com/story/th...ng-will-recover-first-2011-01-12?siteid=nwhpf

Wish they'd listed Oregon in there!

Oh, well; I just keep working on the mom's house until it sells. Right now I'm refinishing hardwood floors.

I learned that leaving some of the dings and dents gives the floor "character".

 

[SonOfSlobone]

The 5 states where housing will recover first

Best: North Dakota, South Dakota, Iowa, Nebraska, Oklahoma

Worst: Nevada, Michigan, California, Florida, Rhode Island

http://www.marketwatch.com/story/th...ng-will-recover-first-2011-01-12?siteid=nwhpf

Iowa doesn't need to recover because we never crashed because we never bubbled. A friend of mine bought his house for $27K in 1996 and it's now worth -- maybe 50K?

 

[metta]

^
well...that is a good return. good for him. i bought in 2002 and my home is worth around what i paid for it. But prices are also estimated to continue to drop. I have a terrible history of investing money....and I mean horrible.

 

[metta]

Wish they'd listed Oregon in there!

Oh, well; I just keep working on the mom's house until it sells. Right now I'm refinishing hardwood floors.

I learned that leaving some of the dings and dents gives the floor "character".

gosh.....I can't believe that your mom's home is still for sale. It must be over priced. You need to get creative in marketing it. Target your market...what kind of target market would be most interested in buying your moms home and then find an inexpensive way to let that target market find out about your mom's home.

There is no way that I would live in a rural area of Oregon. My sister, that lives in Oregon told me it is not the safest place for people of non-white races and glbt people. She told me that she would not travel to rural areas on her own.

 

[vinnysword45]

Foreclosures are no joke

 

[Kulindahr]

gosh.....I can't believe that your mom's home is still for sale. It must be over priced. You need to get creative in marketing it. Target your market...what kind of target market would be most interested in buying your moms home and then find an inexpensive way to let that target market find out about your mom's home.

There is no way that I would live in a rural area of Oregon. My sister, that lives in Oregon told me it is not the safest place for people of non-white races and glbt people. She told me that she would not travel to rural areas on her own.

Overpriced?

If she goes much lower, she'll be down to what it cost in the 70s when they bought it!


THe year before my dad died, real estate and assessor agreed its value was $275k - $300k (insurance said $321k).

She's come down to less than half that.


As for rural -- the white supremacists around are reeling: we not only have ten percent or more of the town Hispanic, but we now have a Chinese family, two Indian (India) ones, two full-blown Native American, three Polynesian ones, and two black ones. To me it's wonderful; I literally feel less cramped and oppressed.

 

[ejbonk]

You know it's really hit rock bottom,when Gold Hit's $2300.00 a Troy oz,and Inflation hits double digits. Real Inflation not that lie the government tell you. After reading Zero Hedge today, Real Inflation is aroung 8.2% now, Due to increased Food,Energy,and Metals Prices.

 

[TriBi]

Interesting that I just read page 1 of this thread (from 2008 ) and it seems that one or two posters (including one sadly no longer with us) were predicting precisely what appears to have happened with the US housing market.

Also on a personal note - given the strength of the Australian economy, we are now hovering around parity with the American dollar. Last time I was in the US was about 2002 - and then I was getting barely more than 50c US for my Aussie dollar (& 33pence UK sterling on the same trip).

How times change...

 

[birddog7]

Interesting that I just read page 1 of this thread (from 2008 ) and it seems that one or two posters (including one sadly no longer with us) were predicting precisely what appears to have happened with the US housing market.

Also on a personal note - given the strength of the Australian economy, we are now hovering around parity with the American dollar. Last time I was in the US was about 2002 - and then I was getting barely more than 50c US for my Aussie dollar (& 33pence UK sterling on the same trip).

How times change...

Anybody with any knowledge of economics, or any degree of common sense, should have seen this coming. There is no way things could continue like they were. I said it would happen nearly 10 years before it did. We had a "false" economy in this country for the last 15 years or so. The dot com bust in the late 90's was the beginning of the end. It's not over yet either, and I think it will collapse entirely with 5 years. You can't buy your way out of debt, or print worthless money to end a depression...

 

[metta]

Homes sales in my neighborhood seem to have really picked up. They have been almost selling before they are even put on the market. I have a friend that just sold hers before even listing it on the MLS and they got more for it than what they were going to ask for it. The house next door to me sold in the first couple of days it was put on the market for very close to the asking price. I have not seen movement like this in years.

However, once they get buyers, there do seem to be delays in getting the loans to go through. It is extremely difficult for self employed people to get home loans.

I think that prices dropped more than they should have so that may explain why people are jumping at them so quickly. I'm hoping that my home jumps in value at least $100k over the next year. I see that as a distinct possibility because the new housing development in the city that I live in was stalled and they just started building again. Once they start closing, our values should jump back up to theirs. They helped pull our prices down because the homes sold in that development were really low because people did not want to buy in a development that was in financial trouble.

 

[Kulindahr]

^ I noticed here the other day that houses which started at $900k and dropped to $700k have been coming back up. There's a guy who's been bouncing from house to house in a development that overlooks ocean and bay, buying at $700k or $750k, spending a couple of weeks fixing it up, adding nice touches, redoing the landscaping, then selling for $800k to $820k.

But the non-high end houses just sit.

 

[Kulindahr]

No, Vancouver Island is "up north". Here, it's not uncommon to be able to go skinny-dipping in rivers and ocean in the summer.

 

[Kulindahr]

63 thousand posts?

GOOD GOD!!!

But dynk has double your count...

Dynk posts in F & G exclusively, where you can post two or three times a minute, no sweat. I post in forums where I may spend twenty minutes writing a post, and sometimes an hours researching for one, as well as a dozen or so in F & G every day.

And I spend a couple of hours a day working on my story Fit for Life in the story forum.

BTW, I'm getting pretty familiar with the metric system, besides using it in science classes and swimming -- it's pretty much the exclusive system for my story.

 

[Kulindahr]

^ Is that directed to me?

 

[metta]

Expect new homes to be smaller in the years ahead: The National Association of Home Builders said earlier this month that the average home built in 2015 will be 2,152 square feet — 10% smaller than homes that started construction during the first three quarters of 2010.

"30% expect the living room to disappear completely from floor plans, according to a news release earlier this month from the trade group. Builders also expect that entry foyers and dining rooms will be smaller in the years ahead."

http://www.marketwatch.com/story/new-homes-will-be-10-smaller-by-2015-survey-says-2011-03-18

 

[metta]

Why 2011 May Be the End of the Housing Crash

http://www.marketwatch.com/story/why-2011-may-be-the-end-of-the-housing-crash-2011-02-26-1826480

 

[metta]

^
some areas will take a long time before we see any type of recovery. I think one of the worst areas in the country is actually Nevada.

I have a friend that is in the process of buying a condo right now in Montclair. His home inspection was today.