-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Poolman's Account Talk
- Thread starter poolman
- Start date
poolman
Top Return 2008
Silverbird
Well-known member
Definately interesting and thought provoking!
poolman
Top Return 2008
Show-me
Well-known member
Wow! :worried:
poolman
Top Return 2008
poolman
Top Return 2008
poolman
Top Return 2008
Quote:
Originally Posted by poolman
http://uk.youtube.com/watch?v=PXUGdkQtexM
http://uk.youtube.com/watch?v=Fyqd-WiGL2o
Thing's to Ponder... That is all.... You interpret yourself...
http://uk.youtube.com/watch?v=k14356Tjxdo
Originally Posted by poolman
http://uk.youtube.com/watch?v=PXUGdkQtexM
http://uk.youtube.com/watch?v=Fyqd-WiGL2o
http://uk.youtube.com/watch?v=k14356Tjxdo
poolman
Top Return 2008
O.K.
I'm Bored, Let Britney explain the housing bubble.
http://uk.youtube.com/watch?v=733Zn28xxzs&feature=related
I'm Bored, Let Britney explain the housing bubble.
http://uk.youtube.com/watch?v=733Zn28xxzs&feature=related
poolman
Top Return 2008
http://uk.youtube.com/watch?v=QVFBojFJTZM&feature=related
I believe there are many more people in this situation that are just realizing whats going on. Many are trying to hang on to there homes but in the end may just walk away creating a much worse situation than now exist. I bought the home I'm in now in Las Vegas for 450k four years ago. By the time it was built and I closed 9 months after contract Pulte was signing new contracts for that same house for 599k. 4 months after I closed Pulte dropped the same new home price back to 438k. There were people in my neighborhood who closed the day before Pulte dropped the price and actually paid 550K for a house that one day later was selling for 438K. Now I live in a neighborhood that has been filled with problems due to investors who can't sell there homes and are renting them out to problem people. The 1st forclosure sale happened just the other day on a home across the street from me that originally sold for 600k, now sold for 339k.
At this stage I'm considering letting my excellent credit rating go and walking away from the money I've invested in my home. I don't want to do this but in the long term it may be my best option. Living in a neighborhood filled with problem renters is getting very old.
Pulte had assured us that they weren't selling to investors only to people who intended to live in the homes. Over 90% on my block are now being rented for $1000 a month less than the mortgage payment. There will be more forclosures shortly. This is going on all over Las Vegas,. I see things in this area getting worse rather than better.
I saw the writting on the wall when Pulte dropped the price but have been holding out hoping for the best. It's only getting worse.
I believe there are many more people in this situation that are just realizing whats going on. Many are trying to hang on to there homes but in the end may just walk away creating a much worse situation than now exist. I bought the home I'm in now in Las Vegas for 450k four years ago. By the time it was built and I closed 9 months after contract Pulte was signing new contracts for that same house for 599k. 4 months after I closed Pulte dropped the same new home price back to 438k. There were people in my neighborhood who closed the day before Pulte dropped the price and actually paid 550K for a house that one day later was selling for 438K. Now I live in a neighborhood that has been filled with problems due to investors who can't sell there homes and are renting them out to problem people. The 1st forclosure sale happened just the other day on a home across the street from me that originally sold for 600k, now sold for 339k.
At this stage I'm considering letting my excellent credit rating go and walking away from the money I've invested in my home. I don't want to do this but in the long term it may be my best option. Living in a neighborhood filled with problem renters is getting very old.
Pulte had assured us that they weren't selling to investors only to people who intended to live in the homes. Over 90% on my block are now being rented for $1000 a month less than the mortgage payment. There will be more forclosures shortly. This is going on all over Las Vegas,. I see things in this area getting worse rather than better.
I saw the writting on the wall when Pulte dropped the price but have been holding out hoping for the best. It's only getting worse.
Birchtree
Well-known member
While market meltdowns can happen in a flash, housing cycles tend to unfold slowly. Consider the real-estate cycle of the late 1980s and early 1990s. Builders broke ground on 1.8 million housing units in 1986, and then watched the construction market sink for five years before a recovery kicked in.
poolman
Top Return 2008
This takes about 3 minutes to save on cable internet, I don't know about DSL and 56k modem's.
Pretty interesting story about real people and subprime. I could not hot link to the site so I got it off the sight and uploaded to my storage sight.
http://rapidshare.com/files/90793600/The_Fan.flv
Pretty interesting story about real people and subprime. I could not hot link to the site so I got it off the sight and uploaded to my storage sight.
http://rapidshare.com/files/90793600/The_Fan.flv
