Depending on area, during the “loaners gone crazy” binge drinking, housing prices were escalating at 20% per year to 100% annually. “Inflation” was listed around 3%. Exactly WHO in the industry was warning buyers that this inflation, driven in large part by “flippers”, was potentially suicidal economic policy? Right, all those loans that were illegal prior to deregulation had no role in the eventual collapse.
Some were bitten by circumstance, most were bitten by greed, and THEY created the circumstance.
There was quite a bit on the housing bubble for the past couple of years, if anyone bothered to look. My area wasn’t hit with it. My house’s value didn’t go up or down significantly over the past few years.
gotta be careful when you buy into the market during the end stages of the bubble …. it’s going to burst, it always has in the past and will again ….
when your common sense tells you that a 50-year-old three-bedroom home is not really worth a quarter of a million dollars, you’re right, it’s not …. don’t buy it
nomad2112 almost 15 years ago
… and we found you a nice bridge to live under.
HUMPHRIES almost 15 years ago
Careful nomiee, you’re showing a compassionate streak.
Susan6SW Premium Member almost 15 years ago
We’re trying to sell a house too.. I’ll be thrilled to hear that from our realtor someday…Sigh
nomad2112 almost 15 years ago
HUMPHRIES - sorry you mistake sarcasm for compassion.
Dtroutma almost 15 years ago
Depending on area, during the “loaners gone crazy” binge drinking, housing prices were escalating at 20% per year to 100% annually. “Inflation” was listed around 3%. Exactly WHO in the industry was warning buyers that this inflation, driven in large part by “flippers”, was potentially suicidal economic policy? Right, all those loans that were illegal prior to deregulation had no role in the eventual collapse.
Some were bitten by circumstance, most were bitten by greed, and THEY created the circumstance.
benbrilling almost 15 years ago
Wow! $300,000! Now I feel better about my 401(k) only losing $10,000.
Gladius almost 15 years ago
There was quite a bit on the housing bubble for the past couple of years, if anyone bothered to look. My area wasn’t hit with it. My house’s value didn’t go up or down significantly over the past few years.
nomad2112 almost 15 years ago
Don’t forget to read the 700+ mostly negative comments.
believecommonsense almost 15 years ago
gotta be careful when you buy into the market during the end stages of the bubble …. it’s going to burst, it always has in the past and will again ….
when your common sense tells you that a 50-year-old three-bedroom home is not really worth a quarter of a million dollars, you’re right, it’s not …. don’t buy it
dshepard almost 15 years ago
Never buy in a bubble!
benbrilling almost 15 years ago
Ya gotta think outside the bubble.
believecommonsense almost 15 years ago
homes in my area that were on the market for $350K a couple of years ago are now listed at $150-170K.
that’s a big bubble
HUMPHRIES almost 15 years ago
Aww golly gee whizz nomie.
Michigander almost 15 years ago
I believe many homeowners would be happy to hear that their house has been sold; as where I live, some homes have been up for sale since 2006.