william the wie
Gold Member
- Nov 18, 2009
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This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
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This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
What are you reading they leads you to say the blue states will see a crash and the red states will be safe?
This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
There is no real estate bubble yet. In most places demand out paces supply which will send prices up. You cna not base a trend on a couple of sales in one area! Current listing time in my area is below 30 days. That is crazy fast!This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
Lord I hope you're wrong. Two Recessions in two decades heavily influenced by Real Estate bubbles in a country with no birth rate that is limiting the number of immigrants is amazing. They'll be calls to Federalize the entire mortgage/realtor industry. Those short sighted commission/spiff/quarterly earnings chasing fools.
If I had a daughter I would hope she'd get into an older profession. For as I say, an honest person in Real Estate is less likely to be found than a camel who even made it soo far to be stuck in the eye of a needle.
If California tanks that is fine with me though. The place and all its Republican governors (you brought up the partisan/cheerleader talk), just seems at its limit for holding human beings. Same for most of the southwest really. All them retiring hippies that want to move out of Ohio to some place borderline incapable of supporting human life like Arizona are probably are killing the Ohio/blue state real estate market.
There is no real estate bubble yet. In most places demand out paces supply which will send prices up. You cna not base a trend on a couple of sales in one area! Current listing time in my area is below 30 days. That is crazy fast!This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
Lord I hope you're wrong. Two Recessions in two decades heavily influenced by Real Estate bubbles in a country with no birth rate that is limiting the number of immigrants is amazing. They'll be calls to Federalize the entire mortgage/realtor industry. Those short sighted commission/spiff/quarterly earnings chasing fools.
If I had a daughter I would hope she'd get into an older profession. For as I say, an honest person in Real Estate is less likely to be found than a camel who even made it soo far to be stuck in the eye of a needle.
If California tanks that is fine with me though. The place and all its Republican governors (you brought up the partisan/cheerleader talk), just seems at its limit for holding human beings. Same for most of the southwest really. All them retiring hippies that want to move out of Ohio to some place borderline incapable of supporting human life like Arizona are probably are killing the Ohio/blue state real estate market.
I am in Central Ohio. The market is on fire here! My sister sold her house in less than a day. I am an appraiser and a realtor. Not as active as I once was but I still do some work in the field. Real Estate is more complicated than the average person understands. There situations where a new development can actually raise the prices of the older homes in the area. Every area is it's own little market. There is no set rule for how one single ammnenity will be accepted in the market. I walk into peoples houses and they ask me shit like how will this deck that I am adding effect the value of my home. Unless I have done an appraisal in nthe neighborhood recently I do not know. It differs per area. It takes time to extract a market adjustment and I do not do it for free! That beong said new subdivisions can adverselyt effect the value of your home, especialy if there are enough of them available to raise the supply above the demand. This is typicaly a short term fall as market forces quickly act to bring ther market back into balance. The builders will see a drop in new home orders and they will respond with less developement bringing prices back to normal after a period of selling the over stock.There is no real estate bubble yet. In most places demand out paces supply which will send prices up. You cna not base a trend on a couple of sales in one area! Current listing time in my area is below 30 days. That is crazy fast!This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
Lord I hope you're wrong. Two Recessions in two decades heavily influenced by Real Estate bubbles in a country with no birth rate that is limiting the number of immigrants is amazing. They'll be calls to Federalize the entire mortgage/realtor industry. Those short sighted commission/spiff/quarterly earnings chasing fools.
If I had a daughter I would hope she'd get into an older profession. For as I say, an honest person in Real Estate is less likely to be found than a camel who even made it soo far to be stuck in the eye of a needle.
If California tanks that is fine with me though. The place and all its Republican governors (you brought up the partisan/cheerleader talk), just seems at its limit for holding human beings. Same for most of the southwest really. All them retiring hippies that want to move out of Ohio to some place borderline incapable of supporting human life like Arizona are probably are killing the Ohio/blue state real estate market.
Wow. What part of the world are you in if I may ask?
In St Louis here its pretty segregated as always. You can take any zip code and see how people really WANT to live there. If you take the metropolitan region as a whole you can trace a racist path to empty devalued neighborhoods.
The most interesting thing is watching new neighborhoods going up in a region that is not growing. Every new house devalues an older home in a neighboring zip code. Then again that isn't the councilman in charge of rezoning's concern.
I am in Central Ohio. The market is on fire here! My sister sold her house in less than a day. I am an appraiser and a realtor. Not as active as I once was but I still do some work in the field. Real Estate is more complicated than the average person understands. There situations where a new development can actually raise the prices of the older homes in the area. Every area is it's own little market. There is no set rule for how one single ammnenity will be accepted in the market. I walk into peoples houses and they ask me shit like how will this deck that I am adding effect the value of my home. Unless I have done an appraisal in nthe neighborhood recently I do not know. It differs per area. It takes time to extract a market adjustment and I do not do it for free! That beong said new subdivisions can adverselyt effect the value of your home, especialy if there are enough of them available to raise the supply above the demand. This is typicaly a short term fall as market forces quickly act to bring ther market back into balance. The builders will see a drop in new home orders and they will respond with less developement bringing prices back to normal after a period of selling the over stock.There is no real estate bubble yet. In most places demand out paces supply which will send prices up. You cna not base a trend on a couple of sales in one area! Current listing time in my area is below 30 days. That is crazy fast!This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
Lord I hope you're wrong. Two Recessions in two decades heavily influenced by Real Estate bubbles in a country with no birth rate that is limiting the number of immigrants is amazing. They'll be calls to Federalize the entire mortgage/realtor industry. Those short sighted commission/spiff/quarterly earnings chasing fools.
If I had a daughter I would hope she'd get into an older profession. For as I say, an honest person in Real Estate is less likely to be found than a camel who even made it soo far to be stuck in the eye of a needle.
If California tanks that is fine with me though. The place and all its Republican governors (you brought up the partisan/cheerleader talk), just seems at its limit for holding human beings. Same for most of the southwest really. All them retiring hippies that want to move out of Ohio to some place borderline incapable of supporting human life like Arizona are probably are killing the Ohio/blue state real estate market.
Wow. What part of the world are you in if I may ask?
In St Louis here its pretty segregated as always. You can take any zip code and see how people really WANT to live there. If you take the metropolitan region as a whole you can trace a racist path to empty devalued neighborhoods.
The most interesting thing is watching new neighborhoods going up in a region that is not growing. Every new house devalues an older home in a neighboring zip code. Then again that isn't the councilman in charge of rezoning's concern.
I used to love tracking real estate and ten years ago Iwas up on all of it. I realy only track my area now a days, I use to follow national trends.My life has changed my kids are gone, no longer married, and I just do not need money like I used to. I find my self fishing and golfing more these days than worrying about what prices are doing. All of my appraiser freinds are pretty up beat on the market today, I am not crunching national numbers any more. I am just going to trust what the people who still care are saying!I am in Central Ohio. The market is on fire here! My sister sold her house in less than a day. I am an appraiser and a realtor. Not as active as I once was but I still do some work in the field. Real Estate is more complicated than the average person understands. There situations where a new development can actually raise the prices of the older homes in the area. Every area is it's own little market. There is no set rule for how one single ammnenity will be accepted in the market. I walk into peoples houses and they ask me shit like how will this deck that I am adding effect the value of my home. Unless I have done an appraisal in nthe neighborhood recently I do not know. It differs per area. It takes time to extract a market adjustment and I do not do it for free! That beong said new subdivisions can adverselyt effect the value of your home, especialy if there are enough of them available to raise the supply above the demand. This is typicaly a short term fall as market forces quickly act to bring ther market back into balance. The builders will see a drop in new home orders and they will respond with less developement bringing prices back to normal after a period of selling the over stock.There is no real estate bubble yet. In most places demand out paces supply which will send prices up. You cna not base a trend on a couple of sales in one area! Current listing time in my area is below 30 days. That is crazy fast!This stands to be the first regional Real Estate Market Crash in decades. What will be the partisan, political effects?
Lord I hope you're wrong. Two Recessions in two decades heavily influenced by Real Estate bubbles in a country with no birth rate that is limiting the number of immigrants is amazing. They'll be calls to Federalize the entire mortgage/realtor industry. Those short sighted commission/spiff/quarterly earnings chasing fools.
If I had a daughter I would hope she'd get into an older profession. For as I say, an honest person in Real Estate is less likely to be found than a camel who even made it soo far to be stuck in the eye of a needle.
If California tanks that is fine with me though. The place and all its Republican governors (you brought up the partisan/cheerleader talk), just seems at its limit for holding human beings. Same for most of the southwest really. All them retiring hippies that want to move out of Ohio to some place borderline incapable of supporting human life like Arizona are probably are killing the Ohio/blue state real estate market.
Wow. What part of the world are you in if I may ask?
In St Louis here its pretty segregated as always. You can take any zip code and see how people really WANT to live there. If you take the metropolitan region as a whole you can trace a racist path to empty devalued neighborhoods.
The most interesting thing is watching new neighborhoods going up in a region that is not growing. Every new house devalues an older home in a neighboring zip code. Then again that isn't the councilman in charge of rezoning's concern.
Gail and I live @ 1.2 miles to the ocean in a house of less than 1,000 sq ft. under AC. We can buy a 2,000 Sq. ft about three miles from the other side of the intercoastal for less than the more recent offers. We can buy a low end McMansion in a lower tax county near the 301 outer beltway for even less. So yes I agree with you whole heartedly.