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These writers took the high road. View the Data?. I believe real estate prices may decline 30% on the west coast. In several over priced areas, housing may decline over 40%. Want to learn more? Just click my FR Page. Or Click Here
1 posted on 10/13/2006 8:25:23 PM PDT by ex-Texan
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To: GodGunsGuts; Hydroshock; M. Espinola; Calpernia

*Ping*!


2 posted on 10/13/2006 8:26:57 PM PDT by ex-Texan (Matthew 7: 1 - 6)
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To: ex-Texan

I guess that is why we chose to buy a home we could afford


3 posted on 10/13/2006 8:30:00 PM PDT by Claire1
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To: ex-Texan

In a store today, the owner (a friend of mine) was conversing with a local real estate guy, who was telling her that nothing, but nothing is selling here. I joined in the conversation and he opined that housing is just too expensive - local people cannot afford it. Now that Californians aren't pouring over the border with big bucks, that's it.

Talked to another realtor yesterday on the phone and he sang the same song. Said that the ranks of realtors are going to thin out, as well.

New houses are now listed under "Houses for Rent".

How is it doing in P'land?


4 posted on 10/13/2006 8:33:22 PM PDT by little jeremiah
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To: ex-Texan
I believe real estate prices may decline 30% on the west coast. In several over priced areas, housing may decline over 40%. Want to learn more?

And we all know how good your predictions are. Last year you predicted housing in New York would fall 40 per cent in 6 months. It went up.

5 posted on 10/13/2006 8:39:40 PM PDT by Always Right
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To: ex-Texan
The report, by Moody's Economy.com Inc., a research firm in West Chester, Pa., also says that the slump won't end quickly. Indeed, according to the report, prices may keep falling until 2008 or even 2009 in some areas. In all, prices are falling or likely to decline soon in about 100 metro areas, the firm says.

LOL! Another lapdog sycophant hired to promote socialist/Dimocratic fear to the ignorant.

If you'll buy that, I'll throw the Golden Gate in free.

15 posted on 10/14/2006 6:15:56 AM PDT by 100-Fold_Return (They Took My Saddle in Houston, Broke My Leg in Santa Fe, Lost Wife + Girlfriend)
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To: ex-Texan

A house down the street from our family homestead (in suburban Boston) was put on the market last February for 1.25 million.It just sold a month ago for 880K.


17 posted on 10/14/2006 7:43:18 AM PDT by Gay State Conservative ("An empty limousine pulled up and Hillary Clinton got out")
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To: ex-Texan
A lot of people will refinance their mortgages to lower their monthly payments. And lenders will agree since they're going to get repaid on the loan, albeit at a lower return than they otherwise expected. But it beats foreclosure, leaving them with next to nothing.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

18 posted on 10/14/2006 8:20:47 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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To: ex-Texan
The report, by Moody's Economy.com Inc., a research firm in West Chester, Pa., also says that the slump won't end quickly. Indeed, according to the report, prices may keep falling until 2008 or even 2009 in some areas. In all, prices are falling or likely to decline soon in about 100 metro areas, the firm says.

So how often is Moody's wrong? If Moody's downgrades a company or an industry, that means it's already toast. Look out below!

21 posted on 10/14/2006 6:33:24 PM PDT by Concentrate
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