Foreclosure Filings up 34% in Palm Beach County

Pal Beach Post ^ | 8/09/2006 | Pat Beall & Aime Dunstan

[JohnnyZ]

ex-Texan!!!! There you are ya little scammer! Maybe I haven't been looking closely but I haven't seen a chicken little thread from you in a week!

[pfony1]

Wow!

I thought that EVERYONE knew that home prices in California are higher tha prices in Oregon.

PLEASE BE ADVISED OF THE AFOREMENTIONED!

I think it's funny that you need to go to far-a-way places like Sunland, CA and the UK to "prove" that being a "renter" in Central Oregon is an "act of genius".

LOL.

over...

[JasonC]

Um, that isn't a sign of falling prices, it is a sign that it is the poor families in the valley that can't make their mortgage.

The 34% rise is from about 0.5% to about 0.67%.

House prices are still up year over year, substantially so. They went flat about November of last year and bottomed (very slight pullback) in February. They are flat to marginally up since then. Go to Zillow.com - we don't have to make these things up anymore.

The average American has 55% equity in their house.

US household net worth is $53 trillion.

The doomsters will tell you the world is about to end every day and twice on Sundays, but it is not only still here, but everybody and their brothers are richer every year. Like clockwork. Through every sort of technological change, every sort of political gale, through war and depression and inflation etc etc ad infinitum.

You can't sink the US economy. You can't even make a dent in it. It is a force of nature and it sweeps all before it, in majestic contempt for all the pundits on earth. Always has. Always will.

[Freedom4US]

that's a joke, right?

[VeniVidiVici]

One person's loss is another one's gain.

Darn straight! Time to buy some property!

[nmh]

What you have been saying is not deniable ... even the die hard must acknowledge this.

[ex-Texan]

They deny the truth rabidly. As if they have been brain washed. Even that junk house in # 30. They make excuses for that hyper-inflated POS with stained carpets, dirty windows and a shabby bed. They see one reality and I see another. That is why I keep telling them to "flip this house." The truth is that they actually believe they could flip it for a profit.

Wait until next year. And then 2008 will be a great time to buy foreclosures.

[nmh]

Looks like a knockdown to me ... but wait in that neighborhood ... leave it standing. What a HOT deal!

LOL!!!

[Rome2000]

NICE!!!

[Eagles Talon IV]

I don't prognosticate. I follow the markets fairly closely and at no time in the past 35 years or so have I seen any 6 month period when some "expert" hasn't forecast a "coming" recession.

[Always Right]

Up from 1% to 1.34%

With low interest rates, rapidly raising home values foreclosures were at historic lows, so the rise is inevitable. However, the Hurricane season and insane insurance costs has made the Florida market very sour.

[Always Right]

that's a joke, right?

That's California. That's what you get when the median home price is well over $600K.