Judge it!
These prices are still too much, people should wait a little longer.
Most new homes are poorly built. My current home built in the 90's already needs a new roof. My other home built in 1959 needed a new roof once and has been through all the hurricanes and is still standing.
South Florida home buyers step up as prices drop
Buying a South Florida home is in vogue again as prices continue to crater. So who's snagging all these bargains? First-time buyers are stepping forward, overjoyed at the idea of finally being able to afford ...
Full Story: South Florida Sun-Sentinel
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The bottom has yet to come.
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I agree with you that prices are still going to drop. But how much lower can they go ? There are places where you can buy at 1/2 price ( from the highest the unit was selling for ) I think in about 6 months it will be the perfect time to buy . |
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Most sellers are still unrealistic in what they want for their property. The bottom line is it's only worth what someone is willing to give you for it, period. The bottom is not here yet and won't be until probably late next year. The only thing selling right now are forclosed properties.
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Blessed are the knifecatchers for they shall keep the bk lawyers in business.
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Except in Hialeah, Fla. Where the goverment has given them money (Millions+) and no one has a chance, thanks to them buying these great priced homes and let their friends in Goverment, get first dibs. So give me a break about being Fair... HIALEH IS ALSO NOT HELPING THE PEOPLE THAT NEED THE HELP WITH THEIR HOMES. WHERE IS THE GOVERMENT TO HELP THE PEOPLE.. There are no good homes for anyone that has a good credit score (800+) with money for a down payment...
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Any person who buys a house in South Florida needs to see a shrink or get an emema!
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Fools..............
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Right on the money...This wont be over for 2 More years....Its Just BEGUN,Just look at the CRIME,TAXES,Food,Electric Bills etc etc... |
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And when the Dollar gets devalued more then they are under just like most people who bought 3 years ago...it was a PLAN..... |
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Then I'll sell my house to a backed up manic depressive. Interested? |
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They market would work itself out if the feds would leave it alone. I can't understand why "they" keep pushing to keep people in homes they can't afford, or want to increase the prices.
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Current prices are NOT 'bargains'. Prices are approaching "normal" after insanity in 04, 05,06.
Calling them 'bargains is 'realturd speak'. |
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Think of things the world hates.American military,american arongance.Then again the chinese seem to have some of that these days.Hate china too.Fall in on the band wagon.You wanted others to get on yours after the elections 4 and 8 yrs ago.So the worm's turned. |
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Of course, it is because Cuban immigrants are low-down, thieving illegal immigrants. And why would anybody buy a big ticket item, even if you had the money. |
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Brought to you by your local Realtor.
Don''t be fooled, the drop is not over. We will continue to see our economy plunge. Don't buy yet! These guys in the story talk about buying 12 and renting them. Good luck, there are no renters either. This story sounds like the stories that helped to get us in the mess we are currently in. |
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8 out of 10 listings are still way overpriced...People who bought in 04 or 05 still looking for 20% more than what they paid for it. Even if they could find someone smoking crack to buy it, no bank would ever give a loan at the over inflated price. Things priced at 01 or earlier are selling...04 prices are still way too high once you figure your over inflated taxes and insurance..
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EXACTLY |
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Joined: Aug 9, 2007 Comments: 1838 South Florida ISP: United States |
Yep, the best investment right now is the real estate market. You can buy a property now for roughly 60% of what it's really worth and in 5 yrs double your $$ or maybe even more than double.
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Joined: Jun 26, 2008 Comments: 359 |
Take note of how every example used in this story is in condos...NOT homes. These people are in strolling on thin ice if they think properties aren't going to take a deeper dive soon. The rate of layoffs is increasing; unemployment is surging; consumer spending is in a nosedive, as are RE prices-- and they still buy. These are the same sheeple that'll be asking their mortgages to be rewritten because their property lost more "than they thought possible."
Bottom line: the bottom is not in sight, and with the broader economy making like the titanic, I fear there is little the government (whether run by Obama or anyone else) will be able to do to stop the tide. |
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