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I suggest you improve your intelligence and understanding of things. It will do you good.
Anyway, keep your money in your pillowcase. Let me know when prices have bottomed since you have your finger on the pulse of the market. Keep us informed!!
Robber Baron Elite Scum
2012 Mar 14, 7:35am
Anyway, keep your money in your pillowcase.
Always better and safer than in the bank.
Robber Baron Elite Scum
2012 Mar 14, 7:44am
I said 20-30% OF peak not OFF peak. For example my house that I bought for $32k formerly sold for $255k.
You will never get that price in New York. Especially in places such as Long Island or Manhattan.
Clearly you are talking about a different area. carolinefpf says
And seriously renting or leasing a car is very foolish financially unless you would repeatedly buy new cars (which is also foolish)
Wow. I never even said renting cars was financially prudent or smart. You really need cut it out with your nonsense.
how many personal transactions are your opinions based upon?
Bought a home in 1994 for $100,000 fully paid. Sold in 2005 for $450,000.
Bought a home in 2004 for $710,000 fully paid. Sold the home in 2009 for $699,000.
The price I bought for in 2005 was a underground deal. The home didn't need any work and was in perfect condition. It was a deal the average buyer would have never been able to get.
And I didn't put any work into it which would explain close to no loss from selling in 2009.
PS. Lose the attitude.
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I only track prices and inventory in Orange County, so it will vary for some.
But here are some stats:
YOY, prices are down about 5% to 6% in OC.
However inventory is down by 38% for the entire county YOY!
What do you guys think is happening? Are lower prices, and stubborn sellers finally coming to a head? How long can sellers hold out? Will inventory increase during the Summer months?