Falling prices trap new homebuyers

The Orange County Register ^ | December 13, 2006 | JEFF COLLINS

[GodGunsGuts]

Wednesday, December 13, 2006

Falling prices trap new homebuyers

Neighbors in a new Garden Grove tract say a developer's plan to slash prices by about $140,000 has left them owing more for their homes than they're now worth.

By JEFF COLLINS

The Orange County Register

[M. Espinola]

Problems won't be restricted to California.

Analysts: Dollar collapse would result in 'amero' Think deep recession likely regardless of Fed's actions

[100-Fold_Return]

Only with the hired doom'n'gloomers who've made livings bashing Bush for the last six years and will have to find new work.

Wife emailed me four new homes close by with jaw-dropping drops. WOW!!! All Bush's fault.

[ex-Texan]

Vilepot is just another faker. Like Pedro and Toadster. They do not contribute anything to FR. They almost never post a thread; they primarily engage in hate speech and insipid name calling.

[WashingtonSource]

This sounds like a temporary price cutting to get rid of inventory. I'd wait until the spring and see if these price cuts hold up before upping the panic level.

[ex-Texan]

*BUMP*! Great post!

The administration is denying any plans are in the works for the North American Union. They claim nobody wants the 'Amero.' Today the six of Bush's Cabinet are in Beijing. Treasury Secretary Paulson and Fed Chief Bernanke are going to beg on their knees: "Please don't sell your U.S. Treasury holding. Please don't dump your dollars for Euros." Beijing will be offered some more free trade promises. Whether they agree to Paulson and Bernanke's pleas is another matter entirely.

ttp://www.chinaknowledge.com/news/news-detail.aspx?id=5281

[TankerKC]

A friend's daughter just paid 400k for a middling condo in N. Virginia.

Where did she find something that cheap in NOVA? ;)

[pfony1]

Thanks for the link in #304. That's a fine reference.

How about -- if we have a "tie" -- we roll the challenge forward by one quarter?

[Porterville]

You mean 3 years ago? So genius, my analysis of the market 3 years ago is difficult to grasp? It is called time. I am impressed by your fervor.

But, wipe the drool from the corner of your mouth, that still doesn't change the fact you and your other rah rah nit-wits no nothing about finance.

[pfony1]

Thanks for the link in #304. That's a fine reference.

How about -- if we have a "tie" -- we roll the challenge forward by one quarter?

[Toddsterpatriot]

Hey, assclown, I've posted 126 threads. I also contribute to FR by correcting your stupid errors and lies. Unlike you, I don't try to make money from FR by pimping a useless website . If telling the truth about your idiocy is hate speech, then I guess I'm guilty.

Now why don't you report me to the FTC, idiot.

[GodGunsGuts]

Ok you're on.

I show that the mean sales price of SFHs is 224.9

http://www.realtor.org/Research.nsf/files/MSAPRICESF.pdf/$FILE/MSAPRICESF.pdf

And I show the median price for Condos as 222.9

http://www.realtor.org/Research.nsf/files/MSAPRICECD.pdf/$FILE/MSAPRICECD.pdf

We will get back in touch at the next report and compare notes (and limericks :o)

PS What does 2006IIr and 2006IIIp mean (meaning the IIr and IIIp)????

[Toddsterpatriot]

Why don't you say that on the open thread?
So that everyone can enjoy it?

[pfony1]

I guess "r" means "revised" and "p" means "preliminary"

[GodGunsGuts]

John Kerry compared your previous posts to your current posts and has decided to let you join his club.

[GodGunsGuts]

So we will go with the preliminary numbers for now, but I think when the revised numbers come out that they should count. I hope you've been thinking about your concession Limerick cause you're gonna need it :o)

[GodGunsGuts]

You use the market finally confirming your original assessment as an opportunity to switch sides. You're funny!

[Petronski]

They do not contribute anything to FR.

My contribution to FR is warning others of your crackpot understanding of economics, and the ulterior motives you have for posting here.

I'm just putting the day-glo warning cones out around your blogpimping, so someone whose eyes fall on your crap for the first time can avoid accidentally believing you.

[nascarnation]

I haven't seen any pics
it's possible it has only enough space for one person, LOL

[Porterville]

The market is different from the supermarket child... it doesn't work like tomatoes and broccoli.... but a good GED will help you fix a propane tank to your trailer and buy a nice chain for your pitbull.

[GodGunsGuts]

That means a lot coming from a flip-flop like yourself.

http://www.freerepublic.com/focus/f-news/1468033/posts?page=193#193