"30% to 40% drop in house prices" - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**Tryphadz** · 08-28-2007, 03:55 AM

A lot of people may not sell their house at all if the economy turns down. I doubt prices will fall that much.

**Siffidiolla** · 08-28-2007, 05:59 AM

I'm going to wait and watch and in maybe 2 to 3 years when the time seems right, buy.

**MyLeva** · 08-28-2007, 06:30 AM

Great for people who need a house

**Drugsonl** · 08-28-2007, 06:40 AM

Originally posted by Barnabas
Great for people who need a house Not much of a buyers market either. Pretty risky.

**teergoBissono** · 08-28-2007, 07:28 AM

Imagine what this will do to home builders. Nobody will be building homes anymore. Where are all those people going to work?

**seooptiman** · 08-28-2007, 07:30 AM

It's a great market for people walking around with a couple hundred grand.

**toksenveste** · 08-28-2007, 12:44 PM

This is the best news I could possibly hear

Here in Charleston the new home inventories for builders is ridiculously high, they are selling for pennies. Unfortunetly the home owners closer the downtown are holding out. I can wait.

**k1ePRlda** · 08-28-2007, 03:52 PM

Some parts of California had larger drops in the 90s. Perhaps the Californians on the board can describe what happened.

As I recall, the real estate market in all other parts of the country did just fine during the California meltdown, on the other hand.

**fuslkdhfma** · 08-28-2007, 04:18 PM

Originally posted by SlowwHand
If the risk increases on a person fulfilling their loan obligation, don't you think the rates of interest will increase? I think the rates will be set with consideration of the expected future price of the home, yes. I don't how much of a consideration though. Plato?

**Kthzltje** · 08-28-2007, 04:41 PM

If it weren't for bad credit, I wouldn't have any credit.

**beatrisio** · 08-28-2007, 06:06 PM

I think the "30-40%" is for areas that have experienced surreal levels of "appreciation" such as San Diego. House prices are literally 600% higher than a comparable home in other parts of the US.

**doksSirmAdods** · 08-28-2007, 06:16 PM

Originally posted by Straybow
I think the "30-40%" is for areas that have experienced surreal levels of "appreciation" such as San Diego. House prices are literally 600% higher than a comparable home in other parts of the US. Yeah, I seriously doubt prices will drop much here in central CT. More likely is a plateau for a while.

-Arrian

**JessePex** · 08-28-2007, 06:57 PM

No thanks, but I have friends who need their bathroom gutted and rebuilt.

-Arrian

**Symnunidanimb** · 08-28-2007, 08:22 PM

He's better off anyway.

**casefexas** · 08-28-2007, 09:17 PM

I'm going to start hording sticks

08-28-2007, 03:55 AM	#1
Tryphadz Join Date Oct 2005 Posts 475 Senior Member	"30% to 40% drop in house prices" A lot of people may not sell their house at all if the economy turns down. I doubt prices will fall that much. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 05:59 AM	#2
Siffidiolla Join Date Oct 2005 Posts 562 Senior Member	I'm going to wait and watch and in maybe 2 to 3 years when the time seems right, buy. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 06:30 AM	#3
MyLeva Join Date Oct 2005 Posts 478 Senior Member	Great for people who need a house Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 06:40 AM	#4
Drugsonl Join Date Oct 2005 Posts 531 Senior Member	Originally posted by Barnabas Great for people who need a house Not much of a buyers market either. Pretty risky. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 07:28 AM	#5
teergoBissono Join Date Oct 2005 Posts 478 Senior Member	Imagine what this will do to home builders. Nobody will be building homes anymore. Where are all those people going to work? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 07:30 AM	#6
seooptiman Join Date Oct 2005 Posts 546 Senior Member	It's a great market for people walking around with a couple hundred grand. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 12:44 PM	#7
toksenveste Join Date Nov 2005 Posts 367 Senior Member	This is the best news I could possibly hear Here in Charleston the new home inventories for builders is ridiculously high, they are selling for pennies. Unfortunetly the home owners closer the downtown are holding out. I can wait. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 03:52 PM	#8
k1ePRlda Join Date Oct 2005 Posts 455 Senior Member	Some parts of California had larger drops in the 90s. Perhaps the Californians on the board can describe what happened. As I recall, the real estate market in all other parts of the country did just fine during the California meltdown, on the other hand. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 04:18 PM	#9
fuslkdhfma Join Date Oct 2005 Posts 429 Senior Member	Originally posted by SlowwHand If the risk increases on a person fulfilling their loan obligation, don't you think the rates of interest will increase? I think the rates will be set with consideration of the expected future price of the home, yes. I don't how much of a consideration though. Plato? Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 04:41 PM	#10
Kthzltje Join Date Oct 2005 Posts 341 Senior Member	If it weren't for bad credit, I wouldn't have any credit. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 06:06 PM	#11
beatrisio Join Date Oct 2005 Posts 314 Senior Member	I think the "30-40%" is for areas that have experienced surreal levels of "appreciation" such as San Diego. House prices are literally 600% higher than a comparable home in other parts of the US. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 06:16 PM	#12
doksSirmAdods Join Date Oct 2005 Posts 638 Senior Member	Originally posted by Straybow I think the "30-40%" is for areas that have experienced surreal levels of "appreciation" such as San Diego. House prices are literally 600% higher than a comparable home in other parts of the US. Yeah, I seriously doubt prices will drop much here in central CT. More likely is a plateau for a while. -Arrian Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 06:57 PM	#13
JessePex Join Date Oct 2005 Posts 618 Senior Member	No thanks, but I have friends who need their bathroom gutted and rebuilt. -Arrian Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 08:22 PM	#14
Symnunidanimb Join Date Oct 2005 Posts 389 Senior Member	He's better off anyway. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-28-2007, 09:17 PM	#15
casefexas Join Date Oct 2005 Posts 412 Senior Member	I'm going to start hording sticks Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)