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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 Active 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 Active 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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