Where not to buy a house within the next year

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  • scotty2hotty1111
    Confirmed User
    • Apr 2006
    • 1113
    #1

    Where not to buy a house within the next year

    cnn business article
    http://money.cnn.com/popups/2006/biz...herenot/6.html

    link
    At a glance: Projected drop in median home prices
    Stockton, CA - 9.7%
    Merced, CA - 8.9%
    Reno/Sparks, NV - 8.9%
    Fresno, CA - 7.9%
    Vallejo/Fairfield, CA - 7.8%
    Las Vegas, NV - 7.1%
    Bakersfield, CA - 6.6%
    Sacramento, CA - 6.4%
    Washington, D.C. - 6.3%
    Tucson, AZ - 6.2%
    ICQ - 278931233




    Giving up is just NOT an option
    Tags: None
    • $5 submissions
      I help you SUCCEED
      • Nov 2003
      • 32189
      #2
      Ouch. I wonder how San Diego and LA will fare.

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        • scotty2hotty1111
          Confirmed User
          • Apr 2006
          • 1113
          #3
          Originally posted by $5 submissions
          Ouch. I wonder how San Diego and LA will fare.
          im not sure.seems like its pretty much the central valley and sacramento thats going to get hit the hardest
          ICQ - 278931233




          Giving up is just NOT an option

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            • shynfine
              Registered User
              • Sep 2006
              • 91
              #4
              look out the roof is on fire.
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                • pornguy
                  Too lazy to set a custom title
                  • Mar 2003
                  • 62910
                  #5
                  San Diego is already dropping. And it was never worth what they were asking anyway.
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                    • $5 submissions
                      I help you SUCCEED
                      • Nov 2003
                      • 32189
                      #6
                      Originally posted by pornguy
                      San Diego is already dropping.
                      True but what I had in mind was more along the lines of "how much further down will it go?"

                      Anyone know how long housing bear markets normally run?

                        Comment

                        • Antonio
                          Too lazy to set a custom title
                          • Oct 2001
                          • 14136
                          #7
                          Originally posted by shynfine
                          look out the roof is on fire.
                          da roof, da roof, da roof is on fire

                            Comment

                            • DjSap
                              Confirmed User
                              • Jul 2002
                              • 3869
                              #8
                              lets hope foreclosures are close by...
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                                • Big Red Machine
                                  Confirmed User
                                  • Jan 2005
                                  • 9586
                                  #9
                                  Originally posted by DjSap
                                  lets hope foreclosures are close by...
                                  Once the ARMs kick in.....its over cause majority of those people will not be able to refinance into a fixed rate mortgage(they went No Doc for a reason)
                                  I say a year or 2 until it fully bottoms causes houses aren't as liquid as stocks

                                  ICQ:475437214

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                                    • Fizzgig
                                      Registered User
                                      • Feb 2004
                                      • 9649
                                      #10
                                      Home prices are way too high righ now anyway.
                                      ---'-,-{@ Sassy Grrrl @}-'-,---

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                                        • pigman
                                          Confirmed User
                                          • Aug 2006
                                          • 760
                                          #11
                                          That sucks.
                                          Suffering arises from attachment to desires.
                                          Suffering ceases when attachment to desire ceases.

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                                            • OG LennyT
                                              Wall Street Pimp
                                              • Jun 2003
                                              • 14345
                                              #12
                                              Doesn't make sense.... those are the top cities where median prices are dropping. This clearly makes it a buyer's market in those cities, right?
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                                                • BaldBastard
                                                  Too lazy to set a custom title
                                                  • Jan 2001
                                                  • 16854
                                                  #13
                                                  I guess the US is like Australia where even in cities where they say the medium is dropping certain areas are still going up, trick is to pick these suburbs.

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