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12-27-2007, 03:38 PM
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Hummer Authority
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Join Date: May 2006
Location: South Western PA
Posts: 1,433
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Re: Its looks like its going to get ugly out there..
I wish the media would just clam up about the housing crisis. The problem is, they are painting the entire county with a broad brush. Yes there certainly are areas of the country that have seen home values decline 40% or more and home sales decline a similar amount.
BUT what they aren't reporting is areas like Western PA have only seen sales decline 4%....and values something less than that.
Being a real estate broker, I get questions and comments daily from people wondering how we are making a living being that we're in real estate.
Well let me tell you this....2007 is our BEST year on record by about 20%.
Has the sub prime debacle caused issues...sure it has....its harder to get people financed, but, they were financing people that should never have been financed. Stories of people buying a house and never making a payment are very common around here. But in true American Capitalism, where there is a need, someone will fill it. So I would expect to see someone stepping in on void left in the subprime market.
__________________
2009 H2 Silver Ice LE
2008 H2 Lux Series, Slate Blue, everything but the air suspension - sold
2006 H2 Lux Series, Uplevel Chrome, DVD's, Slate Blue, Sun Roof - sold
"If Life Gives You Limes, Make Margaritas" - Jimmy Buffett
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12-27-2007, 05:01 PM
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Hummer Guru
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Join Date: May 2005
Location: Virginia Beach
Posts: 5,081
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Re: Its looks like its going to get ugly out there..
no matter what, there is always someone wanting to buy and someone wanting to sell....
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12-27-2007, 08:39 PM
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Hummer Guru
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Join Date: Jul 2006
Location: Stouts Creek
Posts: 4,192
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Re: Its looks like its going to get ugly out there..
Quote:
Originally Posted by Agriv8r
no matter what, there is always someone wanting to buy and someone wanting to sell....
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That is true. And markets move with times 
__________________
"For God so loved the world he gave his only son that whoever believe in him would not perish but have everlasting life. "
(John 3:16)
2006 H3 Slate Blue,Header,Jacked,CAI,Toyo35's,HHO.
Priors...
Explorer
Commander
71 Vette
You Name it!
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12-27-2007, 09:18 PM
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Hummer Guru
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Join Date: Dec 2005
Location: In a FREE U.S.A. where Marxism, Socialism & Communism is not allowed !
Posts: 5,485
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Re: Its looks like its going to get ugly out there..
for sale
2 homes in Miami
price reduced 12.4%
__________________
REMEMBER
History, be it in 1 Year, 10 Years, a Hundred Years or One Thousand, will show that those people who voted for John McCain in the United States Presidental Election of 2008 were true patriots...
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12-27-2007, 10:38 PM
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Hummer Expert
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Join Date: Apr 2004
Location: Grass Lake,Mi
Posts: 583
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Re: Its looks like its going to get ugly out there..
Quote:
Originally Posted by RubHer Yellow Ducky
for sale
2 homes in Miami
price reduced 12.4%
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being from the north how much Spanish do you need to know to get around down there? I haven't been in Miami since `72
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12-27-2007, 11:00 PM
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Hummer Guru
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Join Date: Dec 2005
Location: In a FREE U.S.A. where Marxism, Socialism & Communism is not allowed !
Posts: 5,485
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Re: Its looks like its going to get ugly out there..
Quote:
Originally Posted by Yetti
being from the north how much Spanish do you need to know to get around down there? I haven't been in Miami since `72
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I speak NO spanish !!! nor do i plan on learning it !!!!!
If I had a business here I would make sure that I had some spanish speaking employees on staff unless it was a restaurantcatering to Americans...
__________________
REMEMBER
History, be it in 1 Year, 10 Years, a Hundred Years or One Thousand, will show that those people who voted for John McCain in the United States Presidental Election of 2008 were true patriots...
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12-27-2007, 10:25 PM
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Hummer Authority
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Join Date: May 2006
Location: South Western PA
Posts: 1,433
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Re: Its looks like its going to get ugly out there..
Quote:
Originally Posted by Agriv8r
no matter what, there is always someone wanting to buy and someone wanting to sell....
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thank god for that!....keeps food on the table and fuel in the Hummer!
__________________
2009 H2 Silver Ice LE
2008 H2 Lux Series, Slate Blue, everything but the air suspension - sold
2006 H2 Lux Series, Uplevel Chrome, DVD's, Slate Blue, Sun Roof - sold
"If Life Gives You Limes, Make Margaritas" - Jimmy Buffett
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12-27-2007, 10:48 PM
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Hummer Guru
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Join Date: Jan 2005
Location: Dallas, TX USA
Posts: 2,314
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Re: Its looks like its going to get ugly out there..
Thats very encouraging to hear coming from someone in the business. I know you cant take the medias reports for 100% truth or an real world accutate picture. However, one has to worry when you start seeing stats on the market to help tell the story.
Maybe the market corrections are in fact isolated bubbles and wont hit the more stable areas that have been somewhat unaffected by maintaing reasonable prices.
Its a personal concern of mine as we are thinking about selling and moving a bit out of the city into the country and need to know if we need to sell while our appreciation is at its highest if the market is going to turn down on us in our area.
Quote:
Originally Posted by mikejr
I wish the media would just clam up about the housing crisis. The problem is, they are painting the entire county with a broad brush. Yes there certainly are areas of the country that have seen home values decline 40% or more and home sales decline a similar amount.
BUT what they aren't reporting is areas like Western PA have only seen sales decline 4%....and values something less than that.
Being a real estate broker, I get questions and comments daily from people wondering how we are making a living being that we're in real estate.
Well let me tell you this....2007 is our BEST year on record by about 20%.
Has the sub prime debacle caused issues...sure it has....its harder to get people financed, but, they were financing people that should never have been financed. Stories of people buying a house and never making a payment are very common around here. But in true American Capitalism, where there is a need, someone will fill it. So I would expect to see someone stepping in on void left in the subprime market.
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