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In response to "Ouch......nearly 11 Percent of US Houses siting empty....(link) -- (link)" by Walt_Disney

this is bleak, too. -- (link)

Posted by amanda jones (aka amanda) Feb 1 '11, 07:39

(No message)

The Wall Street Journal's latest quarterly survey of housing-market conditions found that prices declined in all of the 28 major metropolitan areas tracked during the fourth quarter when compared to a year earlier. (online.wsj.com)

Responses:

what's really going to be interesting is how the dodd/frank rules and qrm work out... - x Feb 1, 07:47 16
- if that comes true, I will be a renter forever. -- nm - loosilu Feb 1, 07:51 10
  - not exactly, because that would rules like hyde mentions would cause housing values to plummet further. - ty97 Feb 1, 07:57
  - i've already embraced it. fuck it. home ownership has no bearing on my continued happiness. -- nm - TFox Feb 1, 07:52 8
    - the idea that home ownership correlates to happiness/stability/etc is one of the prime fictions of neocapitalism.... - x Feb 1, 07:57 5
      - I'm much happier about owning than renting. I know what my monthly costs will be years in the future. - ceregon Feb 1, 08:01
      - You sold out and bought? - Will Hunting Feb 1, 07:58 1
        
        yeah, years back. i needed a good place to live for this job...nm - x Feb 1, 08:02
      - freeloader! -- nm - loosilu Feb 1, 07:58 1
        
        it's a stupid waste of taxpayer money, but if they're foolish enough to offer it i'm not passing it up....nm - x Feb 1, 08:00
    - you know, I think I am there as well. fuck it. -- nm - loosilu Feb 1, 07:55
    - yeah I'm getting there too. -- nm - sycor Feb 1, 07:53
- 30%? holy shit. who's ever going to be able to buy? -- nm - amanda jones Feb 1, 07:49 4
  - I had to put 25% down on my first rental place in Vegas, and 40% on the second, and I was one of the few able to get financing. - ceregon Feb 1, 07:53 1
    - Of course, I imagine the rules are a lot more stringent on rental properties versus primary residences. -- nm - znufrii Feb 1, 07:56
  - no one. probably they're leaning more towards 20%, i think. and the real estate/builder lobby will probably whine it down further.... - x Feb 1, 07:53
  - Rich people ftw! -- nm - Don Homer Feb 1, 07:52
Someone needs to force the banks to get the eff over it and get this glut of shorts off the market -- nm - ty97 Feb 1, 07:44 1
- getting ready to list mine short sale. - sycor Feb 1, 07:48

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