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'Nobody expected this to continue and it didn't'
MSNBC ^ | 8 Oct 2007 | AP

Posted on 10/08/2007 9:59:44 AM PDT by oblomov

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To: Ditto

I got straightened out about that comment.

The house itself can slide pretty badly, but the land beneath tends to hold value. Opposite cases abound, like anywhere we let liberals run things (Detroit, Philly, Camden NJ across the river, etc).


61 posted on 10/09/2007 2:46:56 PM PDT by Cyber Liberty (Don’t trust anyone who can’t take a joke. [Congressman BillyBob])
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To: Lorianne
Oldest trick in the book. The moment a salesperson says "this price won't last" (even if its true) I'm out of there.

A friend of mine had a house in the million plus range that wouldn't sell.

He started raising the price $50k every few months until it finally was gone!

Sometimes it works.

62 posted on 10/09/2007 2:56:04 PM PDT by Balding_Eagle (If America falls, darkness will cover the face of the earth for a thousand years.)
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To: goldstategop
No a home is an investment. A consumption item you throw away.

That statement explains the decay of American cities, and the loss of farmland.

63 posted on 10/14/2007 2:51:57 PM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: goldstategop
No a home is an investment. A consumption item you throw away.

That statement explains the decay of American cities, and the loss of farmland.

64 posted on 10/14/2007 2:52:15 PM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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To: oblomov

Hoping the housing market stays down for at least two more years. Maybe I’ll pickup a nice home for tens of thousands less that it was worth a year ago.


65 posted on 10/14/2007 2:55:20 PM PDT by Grunthor (http://franz.org/quiz.htm)
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To: VegasCowboy
You are using a rubber dollar.

It is the dollar that is depreciating. Which looks to most people as the asset that they are counting with it is appreciating.

66 posted on 10/14/2007 3:00:45 PM PDT by hripka (There are a lot of smart people out there in FReeperLand)
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