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Not-so-good housing news

Discussion in 'Anything goes' started by three_bags_full, Sep 11, 2006.

  1. three_bags_full

    three_bags_full Well-Known Member

    From the WSJ.

    This, coupled with some upcoming federal regulatory changes concerning limits on commercial and real-estate lending, ain't good.
  2. PeteyPirate

    PeteyPirate Guest

    I'm thinking about buying a house in about 10 months.
  3. what kind of limits? This is the first I heard of this
  4. Oz

    Oz Well-Known Member

    Screw that, buy mine now. It's been on the market since February. Dropped the price three times. It needs to go.
  5. old_tony

    old_tony Well-Known Member

    Well, if you're looking to be a buyer, it's not such bad news.

    If you're looking to be a seller, on the other hand ....

    Then there are those who are selling one and buying another. I guess they come out even.
  6. Bubbler

    Bubbler Well-Known Member

    Bubbler six months ago: Sweet!

    Bubbler now: Fuck!
  7. EStreetJoe

    EStreetJoe Well-Known Member

    Maybe, maybe not.
    If you're trying to sell one and buy another, it's a tough situation. You don't want to take out an extra large mortgage to buy the second one and still be paying a mortgage on the first one until you sell it.
    On the other hand, fewer sellers will look at contingency buyers (I'll buy your house on the condition I sell mine) who are in that situation.
  8. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    A_F will now weigh in with his continued beliefs that "there is no 'housing bubble'" and "prices will not go into the tank."
  9. three_bags_full

    three_bags_full Well-Known Member

    Nearly half of the banks in the U.S. have lent more than 300% of their capital, some in risky, small-business loans. And the feds are starting to notice and want to put the brakes on before another S&L-type bust.
  10. farmerjerome

    farmerjerome Active Member

    This sucks. Dr. J have been toying of getting to the business of flipping a house or two.

    Okay, it's more of a dream. I think we have about $150 in our bank accounts.
  11. cranberry

    cranberry Well-Known Member

    Depends quite a bit on location, obviously. There will be pockets where it gets really ugly and others where the market will just level off a little.
  12. kokane_muthashed

    kokane_muthashed Active Member

    Are you a big fan of the "Flip This House" shows? Man, I can't get enough of them. Seems my TV's always on HGTV.
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