Posted on 08/09/2006 10:05:34 AM PDT by ex-Texan
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!
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...
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.
that's a joke, right?
Darn straight! Time to buy some property!
Wait until next year. And then 2008 will be a great time to buy foreclosures.
Looks like a knockdown to me ... but wait in that neighborhood ... leave it standing. What a HOT deal!
LOL!!!
NICE!!!
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.
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.
That's California. That's what you get when the median home price is well over $600K.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.