Sacramento housing is going bust

**scotty2hotty1111** · 11-03-2006, 06:19 PM

Total Loss: $158,500 Percent Loss: 30.6%
Asking Price: $360,000
Bedrooms:3 Baths: 1 Sq. feet:1262

Previous Sales:
Sold on 2005-12-02 for $518,500

..........

**2HousePlague** · 11-03-2006, 06:22 PM

All things rise and fall. Diversify! And panic NOT --

2hp

**tehHinjew** · 11-03-2006, 06:22 PM

anything over 30% is a steal
got anything for montreal?

**A-Bomb** · 11-03-2006, 06:27 PM

Time to buy in Sacremento!

**Quotealex** · 11-03-2006, 06:46 PM

Originally posted by tehHinjew

got anything for montreal?

I'm starting too see a few foreclosures in Montreal but they're being purchased very quickly. Give it another 12-24 months and you should see alot more of them.

**Rochard** · 11-03-2006, 06:53 PM

The housing market boom is over folks. Time to sit tight.

However, I don't feel too bad for those people who made a killing selling houses, for real estate agents, and house flippers. The made mad money and now, well, they'll have to go get a job.

**MaddCaz** · 11-03-2006, 06:55 PM

nutsac town they call it...

**Quotealex** · 11-04-2006, 04:01 AM

Originally posted by A-Bomb

Time to buy in Sacremento!

I still think the prices are too hight now. I would wait a few more years

**Quotealex** · 11-04-2006, 05:21 AM

From http://iamfacingforeclosure.com/ : " I'm a 24-year-old aspiring real estate investor from Sacramento CA. After going to few seminars I bought 8 houses in 8 months across 4 states with no money down. I fixed and sold 2 and then ran out of cash. I am now facing foreclosure on 6- 5 houses. I'm learning my lessons, finding solutions and blogging about it. Comments appreciated!

- Casey Serin"

**DTK** · 11-04-2006, 07:23 AM

Originally posted by Alex from Montreal

I still think the prices are too hight now. I would wait a few more years

Yep, we're still in the early part of this downturn.