Home prices drop 17 percent [Florida]

Herald Tribune ^ | 11/29/2006 | Stephen Frater and Michael Pollick

[Porterville]

I think this year I gained 10% in equity.... so if there is a correction... how does this hurt me?

You are the type who sits around and does nothing.... you and exTex keep on doing nothing....

You can work for me later on and... your progenity will work for mine... forever.... because that's what I do; I make money.

[rebel_yell2]

Even if it is one county, it is misleading. The properties that sold last year might be higher priced properties than sold this year. There are NO controls for comparability of sales. The smaller the area, the greater likelihood of bias. More importantly, there are numerous studies documenting that higher priced properties just don't sell in down markets biasing the "median" sales prices downward.

[Petronski]

That's the deeper lie.


It's like a gigantic sloika of lies and distortions.






Microsoft could learn a thing or two about FUD from this crowd.

[jimfree]

This is reality today. Prices are already down in some Florida areas by as much as 44%. The west coast is next. Just wait until next year. Yada, Yada, Yada For all the naysayers out there: "Nothing to see here. Not in my neck of the woods. Time to move on."

Nothing goes up at a steep rate of change forever. When the increase has been prolonged a flattening or a crash is inevitable.

My niece married 11 days ago. She and her new husband are renting a condo in Southern California as they figure out where they want to live. Robert is in the mortgage business. He and Kendahl should do well buying a place over the next year at a discount.

I'm delighted somebody close to me can benefit at the housing market dip, I sure never have.

[KevinDavis]

Also whats goes up goes down... What goes down goes back up...

[packrat35]

That's a fact. My parents built near Seagrove Beach on the panhandle. $95,000 to built their house and pay for the lot 15 years ago. It was worth almost a million last year. NUTS!

My dad said he could sell it now for $650,00 without breaking a sweat. But he doesn't want to move.

[M. Espinola]

It's hard to admit when one was so wrong. Let's see what you shall be saying toward the middle of 2nd quarter of 2007.

[Porterville]

I tell you what... I'll take out some of my equity in my houses so I can pay you to clean my toilet...

At least you'll have a job. And for dental you can pick your teeth with my garden weeds.

I'll even pay you under the table....

[Porterville]

"It's hard to admit when one was so wrong. Let's see what you shall be saying toward the middle of 2nd quarter of 2007."

I'll be saying OHHHH-WEEEEE isn't it great that rents are so high that it covers my mortgages!!!! Yippeee frickin' skippeee--- dummy......

You see, there is a YING TO EVERY YANG.... Sit on your couch and eat Doritos... the real world is to big for some people... and profit margins are just too confusing.

[Toddsterpatriot]

More complete data kinda deflates ex-Tex's bubble. Hehe!

[M. Espinola]

As I recall you were one of the ones telling everyone not that long ago the housing market was in no way demonstrating any signs of a slowdown - what-so-ever.

[M. Espinola]

Doritos? You eat them lol

[Petronski]

As I recall . . .

I'd love to see the post where you think I said that.

[Porterville]

Well at least you are pro Israel....

[Toddsterpatriot]

Oh, come on, when do these guys ever back up their assertions?

[lafroste]

Let's be real. A 44% drop after a 400% increase still leaves with a pretty good run.

I would guess the answer to that depends on your timing.

Hello and how you doing? BTW.

[M. Espinola]

If we do not support the housing issue may be the least of our concerns.

[lafroste]

In a tight market, people are looking to not pay commission. Real Estate is just beginning to feel the direct seller-to-buyer sales module.

I sold my last two houses and bought my last two houses without an agent. Boy did that piss them off. But I do consulting work myself and there is simply no way that the amount of work they do is worth 20 - 25 thousand dollars. Just no way.

I negotiated very good deals in all cases. Screw 'em.

[KneelBeforeZod]

ouch how bout property taxes?

in IL and other states that asses regularly you'd get a break...but states like CA that use sale price... a lovely kick in the groin

then again, I'm sure some states are set up so your taxes stay up as your home value goes down

[WackySam]

I sold my last two houses and bought my last two houses without an agent. Boy did that piss them off. But I do consulting work myself and there is simply no way that the amount of work they do is worth 20 - 25 thousand dollars. Just no way. I negotiated very good deals in all cases. Screw 'em.

I make my living buying and selling houses and my agent is my greatest asset.