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First drop in home sales in 11 years.

Discussion in 'Business & Economics' started by sarah, Sep 25, 2006.

  1. sarah

    sarah Well-Known Member

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  2. harleysneak

    harleysneak Member

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    I just wanted to say I saw this as well and my first thought was oh it would be a great time to buy that bigger house I'd love, however then the realistic part, oh wait, I'd have to sell mine first and it would also be lower. I guess the two can never work well together. It can't be both a buyer's and a seller's market.
     
  3. sarah

    sarah Well-Known Member

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    That is true, but I suppose if you had been renting a place and been saving money for a while you would be in a good spot. You wouldn't have to worry about selling a house at a lowered price, but you could reap the benefits of buying one for less.
     
  4. tater03

    tater03 Well-Known Member

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    We just bought our first home and we actually got a great deal because they are having such a hard time selling them right now.
     
  5. xboxundone

    xboxundone Well-Known Member

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    the drops arent over especially in markets that had huge rises.
     
  6. kida

    kida Well-Known Member

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    "Bush Team to the Rescue!"

    President Bush & Co. have frozen the subprime mortgage rates, reducing foreclosures and rallying stocks. Here are the details of the actual plan, which includes a five-year mortgage rate freeze.
     
  7. xboxundone

    xboxundone Well-Known Member

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    I just hope that they don't end up trying to pass a bill for the US government to bail out foreclosures as i was hearing rumors of it... and it is the worst idea ever... while i agree some of the tactics in promoting some of the mortgages were wrong but most knew they couldn't afford the home and were taking a gamble and hoping to win...(to turn a quick profit) and some did but now it is the losers stuck holding the bill and I don't want any hand in helping pay it via federal taxes.
     
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