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The Real Estate Bust Continues
American Chronicle ^ | 10/26/2006 | Alex S. Gabor

Posted on 11/01/2006 9:15:08 AM PST by ex-Texan

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To: ex-Texan

41 posted on 11/01/2006 11:05:45 AM PST by Dr.Deth
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To: Mini-14

According to late night tv, in two months she'll be driving a ferarri and live in a malibu beach house.


42 posted on 11/01/2006 11:05:48 AM PST by stainlessbanner
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To: stainlessbanner; GodGunsGuts; M. Espinola; Hydroshock; Calpernia

Talk to pedro about it. I heard he makes a fortune in the exotic mortgage business.


43 posted on 11/01/2006 11:09:01 AM PST by ex-Texan (Matthew 7: 1 - 6)
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To: Petronski
Traffic Rankings for the Shabby Little Website
44 posted on 11/01/2006 11:09:40 AM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: ex-Texan

In my town, prices have pulled back a bit, and there is some inventory now (last year there was none), but the prices are still almost twice what they were 4 years ago. Some bust.


45 posted on 11/01/2006 11:10:19 AM PST by 3niner (War is one game where the home team always loses.)
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To: lwg8tr
What he left out was that sales have actually increased.

Ummm... no. The 9/06 existing home sales SAAR was 5.42 million - 14% off the 06/05 peak.

46 posted on 11/01/2006 11:10:19 AM PST by green iguana
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To: Toddsterpatriot

Rankings based solely on using the Alexa toolbar. Idiot. Most web surfers do not use any toolbar.


47 posted on 11/01/2006 11:12:27 AM PST by ex-Texan (Matthew 7: 1 - 6)
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To: ex-Texan
I heard he makes a fortune in the exotic mortgage business.

You're lying.

48 posted on 11/01/2006 11:16:09 AM PST by Petronski (I just love that woman.)
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To: ex-Texan

Anybody relying on your website for financial news would certainly also be stupid enough to be running Alexa.

It's the same target audience.


49 posted on 11/01/2006 11:18:00 AM PST by Petronski (I just love that woman.)
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To: ex-Texan
Most web surfers do not use any toolbar.

And amongst those surfers, you're #1? Clown.

50 posted on 11/01/2006 11:23:48 AM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: LexBaird
I'm thinking of buying some cheap, foreign real estate, and having it shipped here in Chinese cargo containers.

Make sure you have 'em go down about 200 feet, so you can make your own little island off the coast!

51 posted on 11/01/2006 11:29:06 AM PST by green iguana
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To: ex-Texan

How about some traffic numbers from ANY source, rather than just bashing.


52 posted on 11/01/2006 11:32:53 AM PST by Toby06 (Happy camper.)
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To: lwg8tr
Waiting around for a 15 year mortgage and 20% down payment and you will living in a rental for 20 years.

Strangely enough, when I was making about 2/3 the median household income, I was able to do just that in about five years. And, of course, the banks were horrified that I wanted to put that much money down on the house. It didn't take anything special ... just living within my means and saving a little bit out of every paycheck.

53 posted on 11/01/2006 11:34:49 AM PST by Stegall Tx (Pray often. Aim high. Act your wage. Thank the good Lord for you military types.)
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To: Tax-chick
It's not true on my street. Our values are up about 20% in 3 years

The proper way to think of it would be "prices", not "values".

54 posted on 11/01/2006 11:35:41 AM PST by glorgau
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To: ex-Texan

I'm a big Dave Ramsey fan! He makes a lot of sense on a lot of financial matters, that's for sure. And his Total Money Makeover plan WORKS.


55 posted on 11/01/2006 11:39:10 AM PST by Ignatz (Click your mouse three times and repeat, "There's no place like 127.0.0.1")
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To: glorgau
The proper way to think of it would be "prices", not "values".

Good point.

Although, since our family has grown from 8 to 10 since we moved here, our "values" are up 20%, too :-).

56 posted on 11/01/2006 11:45:15 AM PST by Tax-chick ("If we have no fear, Pentecost comes again." ~ Bishop William Curlin)
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To: Petronski
You ought to be forced to repay every dollar you made from the housing boom.

Is he trying to say that realtors and mortgage brokers stole money from their clients. Is he trying to say that stealing is bad? What is he trying to say?

57 posted on 11/01/2006 11:48:11 AM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: ex-Texan

I sold a home in June in Mt. Pleasant SC. It went for $273K. The real estate company that handled the sale is now out of business and the average home sale price in the neighborhood has dropped between $30-40K.

I own a home in Portland Maine. last year I could have gotten perhaps $265K...today I have no idea as the 2 week turnover of a year ago is now 6 months or so.

All is not well in the housing market.


58 posted on 11/01/2006 11:49:09 AM PST by Jim Verdolini (We had it all, but the RINOs stalked the land and everything they touched was as dung and ashes!)
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To: Toby06
He prefers Google bombing to real rankings.
59 posted on 11/01/2006 11:49:14 AM PST by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts. You know who you are.)
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To: Toddsterpatriot

Whatever it takes. His credibility is so eroded, at this point any smear will do.


60 posted on 11/01/2006 11:49:38 AM PST by Petronski (KERRY: "Our soldiers are dumb!" -- PELOSI: "And we are not winning!" [SPIT])
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