Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Case Shiller: Here Are The 15 Housing Markets That Will Fall The Most By 2012
Business Insider ^ | 11/30/2010 | Gus Lubin and Leah Goldman

Posted on 11/30/2010 9:13:55 AM PST by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-37 last
To: wardaddy

Nashville is the capital of TN, which is the one place in most states getting the least drops. Also lots of houses were washed away in the big flood earlier this year, so some replacement is in order.

Spring Hill got killed by the closing of the GM plant.


21 posted on 11/30/2010 10:31:36 AM PST by packrat35 (I got your tag line..)
[ Post Reply | Private Reply | To 13 | View Replies]

To: SeekAndFind
Not only that, real estate and development investments are a PATH TO CITIZENSHIP.

http://www.chicagobreakingnews.com/2010/11/path-to-citizenship-beckons-cash-to-mchenry-county.html

In return for kicking in $500,000 apiece, foreign investors in the project would jump to the head of the nation's often-tangled line for legal immigration and win a route toward U.S. citizenship for themselves and their families.

22 posted on 11/30/2010 10:46:21 AM PST by They'reGone2000 (They'reGone2010)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind

“#4 Ocean City, NJ”

I blame “The Jersey Shore” TV show.


23 posted on 11/30/2010 10:47:06 AM PST by dangus
[ Post Reply | Private Reply | To 5 | View Replies]

To: GunsAndBibles

Lassen College in Susanville, CA also has a gunsmithing school.

i’m not sure if the gunsmithing school in Trinidad, CO is affiliated with a college.


24 posted on 11/30/2010 11:13:02 AM PST by Mr Inviso (ACORN=Arrogant Condescending Obama Ruining Nation)
[ Post Reply | Private Reply | To 20 | View Replies]

To: dangus
I blame “The Jersey Shore” TV show.

Leave Snooki alone!! :^)

25 posted on 11/30/2010 11:27:25 AM PST by bassmaner (Hey commies: I am a white male, and I am guilty of NOTHING! Sell your 'white guilt' elsewhere.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: SeekAndFind
....Imagine buying a property for $100,000 and renting it out for say $800/month. That’s like putting money in a bank for 8% interest every year.....

You don't have much experience in the commercial real estate business, do you? Do you understand the difference between gross and net income? CRE investment does provide interesting tax advantages (the purchase price can be amortized over the economic life of the property, deferring income tax liabilities), but I think it is safe to say that the operating expense of a single family property (real estate taxes, insurance, maintenance and repair) exceeds $400 per month. Therefore, the real cap rate is more like 3% or 4% rather than 8% in your example.

26 posted on 11/30/2010 11:51:31 AM PST by irish_links (: ... but only say the word and I shall be healed.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind

What will our dollar be worth in 2012?


27 posted on 11/30/2010 12:51:38 PM PST by B4Ranch (I have never met one, not one Veteran who enlisted to fight for Socialism.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeaHawkFan

RE: If they buy at $100,000 and the value further depreciates to $75,000, and there is no one around to rent them; just how good of an investment is it?


These Chinese investors are betting that now is the time to buy (as a smart investor once said, the time to buy is when people are panicking and there’s blood on the streets). A $100,000 house would have been worth close to $200,000 just two years ago and these guys are betting it won’t go much lower.

The arc of the Vegas housing market is (not surprisingly) tightly related to hires and fires in the Leisure & Hospitality industry. These Chinese buyers are probably betting that it’s bottoming out and improving.

Time will tell if it was a smart or foolish move.


28 posted on 11/30/2010 1:00:19 PM PST by SeekAndFind
[ Post Reply | Private Reply | To 14 | View Replies]

To: B4Ranch

RE: What will our dollar be worth in 2012?


I’d closely watch the price of Gold or Silver, that’s where the market signal is.


29 posted on 11/30/2010 1:01:39 PM PST by SeekAndFind
[ Post Reply | Private Reply | To 27 | View Replies]

To: GunsAndBibles

>>the only community college I know of with a gunsmithing school.<<

I think there’s one in Susanville, CA


30 posted on 11/30/2010 1:03:17 PM PST by B4Ranch (I have never met one, not one Veteran who enlisted to fight for Socialism.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: They'reGone2000

Would you rather have some cannibalistic tribal monkeys from Somalia or wealthy businessmen from South Africa immigrating into the US??


31 posted on 11/30/2010 1:06:40 PM PST by B4Ranch (I have never met one, not one Veteran who enlisted to fight for Socialism.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: irish_links

Killer! You just killed that man’s dream.


32 posted on 11/30/2010 1:09:10 PM PST by B4Ranch (I have never met one, not one Veteran who enlisted to fight for Socialism.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: SeekAndFind

I’m hoping the Chinese are right, that we have bottomed out and will start climbing out.

Locally I have watched over the past three weeks two houses in what appears to be the beginning of a new developement being built. From ground up to include fencing. They must have had a crew of close to 30-40 from what I could see. Hopefully that crew was 30-40 of our citizens currently out of work rather than illegals.

Anyway, first new construction I’ve seen in over two years.


33 posted on 11/30/2010 1:11:32 PM PST by Duchess47 ("One day I will leave this world and dream myself to Reality" Crazy Horse)
[ Post Reply | Private Reply | To 28 | View Replies]

To: SeekAndFind

The current gold price is not an indicator of what it will be in two years.


34 posted on 11/30/2010 1:25:48 PM PST by B4Ranch (I have never met one, not one Veteran who enlisted to fight for Socialism.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: B4Ranch

...Killer! You just killed that man’s dream....

Sorry, I was a bit harsh. I’m not certain why I assume the burden of injecting some degree of rationality to this board. It’s a thankless task.


35 posted on 11/30/2010 3:53:34 PM PST by irish_links (: ... but only say the word and I shall be healed.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: irish_links
That's why it is considered risky to invest in something you know nothing about. I should have posted a /sarcasm tag with my previous post.
36 posted on 11/30/2010 5:07:39 PM PST by B4Ranch (I have never met one, not one Veteran who enlisted to fight for Socialism.)
[ Post Reply | Private Reply | To 35 | View Replies]

To: SeekAndFind

On average, a house in Vegas that was priced at $200,000 at the peak would be worth less that $90,000 today.


37 posted on 11/30/2010 5:15:42 PM PST by SeaHawkFan
[ Post Reply | Private Reply | To 28 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-37 last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson