 |
| FAQ/Help |
| Calendar |
| Search |
|
#1
Jan 30, 2008, 10:10 AM
|
||||
|
||||
|
I cannot beleive the market right now! Michigan is so bad you can get a 3 bedroom 2 bathroom, back yard, garage, and basement for 65,000! Yeh pretty crazy. And it won't stop dropping. Makes you wonder what it will be in a year. My street never ever had a house for sale. Now we have a new construction for sale, 2 used for sale, and one forclosure for sale just on my street alone. This was unheard of in our neighborhood 2 years ago!
__________________
Do not stand at my grave and weep; I am not there. I do not sleep. I am a thousand winds that blow. I am the diamond glints on snow. I am the sunlight on ripened grain. I am the gentle autumn's rain. When you awaken in the morning's hush, I am the swift uplifting rush of quiet birds in circled flight. I am the soft stars that shine at night. Do not stand at my grave and cry; I am not there, I did not die. R.I.P. Bandit 7-12-08 I love you I miss you. |
|
#2
Jan 30, 2008, 10:25 AM
|
||||
|
||||
|
our economy is in the toilet right now. my state is way up on the list for highest foreclosures. it is a buyers market right now for sure.
__________________
He who angers you controls you! |
|
#3
Jan 30, 2008, 10:54 AM
|
||||
|
||||
|
This is reminding me of the real estate fall out of the late 80's early 90's when our economy was in the toilet then too.
Just beware when buying now...even though house prices are low....interest rates are up. Don't get duped into a loan you can't afford or that has a balloon payment! YIKES!  sabby |
|
#4
Jan 30, 2008, 11:02 AM
|
||||
|
||||
|
Interest rates are falling to new lows; we're thinking of refinancing.
http://abcnews.go.com/Business/Small...4209596&page=1 The problem is most people don't qualify to buy a house anymore with the stricter types of loans. The "no money down" days are gone.
__________________
"Never give a sword to a man who can't dance." ~Confucius |
|
#5
Jan 30, 2008, 11:10 AM
|
||||
|
||||
|
yes that is true with all the foreclosures they have tightened the rules! alot!
__________________
He who angers you controls you! |
|
#6
Jan 30, 2008, 05:29 PM
|
||||
|
||||
|
Down here you can get a 3 bedroom/2 bath/attached garage that had 10 feet of water inside. It is now gutted and ready to be rebuilt. When I say gutted, that means on the inside there are only studs. Electric, plumbing, sheetrock, etc all have to be done. Asking price is 50,000. Your lucky if you can find anything lower than that.
__________________
So often we dwell on the things that seem impossible rather than on the things that are possible. So often we are depressed by what remains to be done and forget to be thankful for all that has been done.--Marian Wright Edelman |
|
#7
Jan 31, 2008, 12:09 AM
|
||||
|
||||
|
It is crazy, there was a big story on Yahoo a few months ago where a wealthy business man was buying up NICE houses in posh Detroit suburbs for literally pennies on the dollar. He said that he can hang on to them until the martket picks up collecting rent in the mean time. There was one that was really nice, worth 140K before the crash and he got it for about 70K.
__________________
I've been married for 24 years and have four wonderful children. |
| Reply |
This is an old thread. You probably should not post your reply to it, as the original poster is unlikely to see it.|
|
Similar Threads
|
||||
| Thread | Forum | |||
| house buying | General Social Chat | |||
| Buying a bike | Other Mental Health Discussion | |||
| Help with Buying / Getting Medicine | Psychiatric Medications | |||
My Support Forums is the online community that was originally begun as the Psych Central Forums in 2001. It now runs as an independent self-help support group community for mental health, personality, and psychological issues and is overseen by a group of dedicated, caring volunteers from around the world.
Linear Mode
