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Thread: Existing Home Sales

  1. #61
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    Quote Originally Posted by johnflesh View Post
    I pointed out a specific thing that increased my monthly payments for nothing more than bro-business and you think I hate the man?

    Idiots gonna idiot.
    Not everyone.

    SOME people gonna hate.

  2. #62
    SWED Missle Command Champion johnflesh's Avatar
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    Quote Originally Posted by Miller47 View Post
    Not so.

    See post #50.
    Whatever.

  3. #63
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    Quote Originally Posted by Miller47 View Post
    Is that a "no"?
    Geez, lazy much?

    https://consumercomplianceoutlook.or...e-regulations/

  4. #64
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    Quote Originally Posted by HCProf View Post
    I read an article where people in Silicon Valley, earning 75K a year are sleeping in their cars. That is just crazy to think about.
    And some people in London live on houseboats because they can't afford houses, or even apartments there.

    People got to make their own decisions on where to live and why.

  5. #65
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Miller47 View Post
    Predictions that far out are notoriously inaccurate.

    Same as the stock market and the economy, the housing market will probably go through more than one up/down cycle in that amount of time...

    What goes up must come down and vice versa.
    Thats true but if you look at a lot of seniors today and what they bought their homes for, I am not sure we will ever witness that again. Saw one couple in their 70s up in CA who bought their home for 22K decades ago and today its worth over a million. Modest home too. Not sure we will see those gains again. That is massive.

  6. #66
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    Quote Originally Posted by splansing View Post
    I've heard some tales of people buying expensive homes, newer construction, and they're having a lot of problems. Literally a $3 million house with plumbing problems, another one that seems to be settling, which I assure you is most unsettling and has most unfortunate effects. In a nutshell, these piece-of-shit mcmansions that exploded across the nation over the last 20 years are not holding up. Same with a lot of similarly constructed town houses and apartments. What do you do with a block of condos built literally 10 years ago in a relatively high-rent area...where these 3-BR condos are selling for $140K because the entire complex is infamously plagued by electrical and plumbing problems, cracking walls and ceilings, leaking roofs?

    There are so many variables in the housing market. It is never dull, that's for sure.
    Like the "Leaning Tower of San Francisco" also called "The Leaning Tower of Lawsuits" actually called the Millennium Tower, which opened in 2009 and has already sunk 16 inches.

    It's where Joe Montana has a $350 million high rise luxury home, and it's the city's tallest residential building.

    The lawsuits are flying and the building continues to lean and could eventually fall over.

    Stuff happens.

    It was a good story on 60 Minutes not long ago.

  7. #67
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    Quote Originally Posted by HayJenn View Post
    Why, thank you HayJenn.

    That's why you are my favorite moderator.

    Well, that's ONE of the reasons...

  8. #68
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    Quote Originally Posted by bajisima View Post
    Thats true but if you look at a lot of seniors today and what they bought their homes for, I am not sure we will ever witness that again. Saw one couple in their 70s up in CA who bought their home for 22K decades ago and today its worth over a million. Modest home too. Not sure we will see those gains again. That is massive.
    Yeah, wish I had bought a home in Newport Beach back in the 80's!!!

  9. #69
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    Quote Originally Posted by bajisima View Post
    Thats true but if you look at a lot of seniors today and what they bought their homes for, I am not sure we will ever witness that again. Saw one couple in their 70s up in CA who bought their home for 22K decades ago and today its worth over a million. Modest home too. Not sure we will see those gains again. That is massive.
    Yeah, usually in cases like that it's the property that's valued, not the house.

    They tear em down and do new construction.

  10. #70
    Moderator HCProf's Avatar
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    Quote Originally Posted by Miller47 View Post
    And some people in London live on houseboats because they can't afford houses, or even apartments there.

    People got to make their own decisions on where to live and why.
    This is true and one of the reasons my husband and I passed on a relocation to Chicago 10 years ago. The move would have reduced our lifestyle instead of enhanced it. It was not worth it. I am always amazed when I watch International House Hunters and see those tiny flats and houses in Europe sell for thousands of dollars. Some of them look like apartments that go for 350.00 a month around here.

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