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Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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The Real Estate Market is Dead - Luxury Hi-rises dont move at all ! ! !
I will be starting a new adult site that will feature ex real estate agents and brokers fucking and sucking. I shall call it.
RealestateAgentsex.com Ha ha ha... |
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#2 |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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It's not dead, but I certainly wouldn't be selling right now. It is, most definitely a buyer's market.
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Raven
~RETIRED~ |
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#3 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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Raven, I think that the luxury hi rise segment here in Miami is dead. Other parts of the market maybe not but that is the segment that I was invested in but have now sold all of them. Today I am buying old two story building located near or on the beach. They are doing great. I can get them for $230 sq/ft, fix them up and sell at $350 sq/ft. The luxury hi rise go for $400-500 sq/ft today and I don't think I can get that in a resale today.
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#4 |
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So Fucking Banned
Join Date: Oct 2003
Location: In a house.
Posts: 9,465
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Different markets are going different ways as well. Some places like Miami are a little over built right now, with too many pricey hi rises and such and not enough of what people want or can afford.
Remember that the values (and sale prices) of existing homes has gone through the roof in the last 10 years in Florida as well, and that has profoundly changed the market. There are other markets in the US that are hot again, but the south seems to be in a slowdown. Alex |
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#5 |
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HOMICIDAL TROLL KILLER
Industry Role:
Join Date: Dec 2004
Location: Sunnybrook Institution for the Criminally Insane
Posts: 20,419
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i was just in ft lauderdale and its definately slow there too..
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#6 |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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I'm in the Pacific Northwest...I watch the market...I believe Seattle was named the most overpriced city...
We live about forty minutes south and from what I can see house prices are dropping.....good time to buy....or stay. But sell? Not now. I truly hate buyer's markets...they are like surfers...they want it all for a dollar.
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Raven
~RETIRED~ |
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#7 |
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Entrepreneur
Join Date: Oct 2002
Location: USA
Posts: 31,429
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The metro areas that had their real estate market pushed up via speculative buyers are collapsing significantly, because they are all out of the market right now.
The supply to demand ratios are 3 times what they were a year ago. Interest rates are higher so its harder to qualify buyers. Price to income ratios are off by a factor of 2 times in many areas. Where the average person makes $50K a year you can't have a healthly market if homes are priced at a mean average of $400,000. The bottom still has a ways to go. I think prices could drop 30% to 40% off their highs very easily in the next couple years. Without discounting you can't move a property easily now for about 6 months to 1 year's time on the market, in most cases. That impacts sellers ability to buy another property until they get out of that one they're selling. So you get a very challenging cycle that becomes dysfunctional unto itself.
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#8 |
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STANLEY CUP CHAMPION !
Industry Role:
Join Date: Feb 2003
Location: Los Angeles
Posts: 12,895
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This coming from a guy who changes his screen name 10 times a year due to banning , who waits on waterfronts for his next..hahahahamodel , to show, and who scams people left and right. A guy who is CONSTANTLY ridiculed by his peers here on GFY and refuses to show at trade shows due to a for coming assbeating. Do a search on SOBEGIRL and you will see.
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Joe Loughlin [email protected] TEAM- joeloughlin. Telegram - AMA_JOE https://www.amaproduction.com |
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#9 |
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Confirmed User
Industry Role:
Join Date: Mar 2001
Location: Miami Beach, FL
Posts: 1,053
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$700-$2000/sq ft for condos in New York.. all you guys paying less then that are very lucky and everything is moving as always
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#10 |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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I'm sure there are certain areas that won't feel the pain, although, if I remember correctly, in the 80's...the Japanese got caught badly and had trouble unloading their bloated real estate in New York and other metropolitan cities.
Disturbingly, KRL, I listened to a news report on incomes in my area....that have dropped by something like 21% since 2001. With the mean average of home prices here around 290-400,000, I don't see how anyone can afford a new home. Plus, the creative loans are just scams.....nothing down..interest only....arms that blow up in your face as prices drop....
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Raven
~RETIRED~ |
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#11 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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Raven, I was reading the same thinga bout Japan and found it very interesting. For over 15 years now the real estae market there has been flat or going down. All that in a place with such a overcrowded population. You would think that would never happen in a place like that. KRL, do you have a background in finance?
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#12 | |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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Quote:
They own so much real estate in Hawaii and the states and now countries like China are buying up our ports. Interesting. World domination? Buy the land.
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Raven
~RETIRED~ |
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#13 |
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Hello world!
Industry Role:
Join Date: Mar 2003
Posts: 12,508
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sure, hi-rises. but what about houses
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#14 | |
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Confirmed User
Join Date: Mar 2006
Posts: 149
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Quote:
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#15 | |
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Confirmed User
Join Date: Mar 2005
Posts: 823
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Quote:
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#16 |
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Confirmed User
Industry Role:
Join Date: Feb 2005
Posts: 1,516
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We've had an insane real estate market for the past few years in Vancouver and it's just beginning to taper off. Right now most working people can't afford to buy homes at the current prices which is bad for the rich folk because if workers can't afford to live in the city and are forced to move away, there's nobody to do the work. Hopefully our markets have peaked and will drop back to more reasonable levels soon. Although with the Olympics coming here in 2010, the drop may not occur until after they are over.
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#17 | |
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Confirmed User
Join Date: Feb 2002
Location: Third mall from the sun
Posts: 2,185
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Quote:
This was in the PI yesterday about home prices in King County. Cooling? Housing prices here still on rise
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I was looking for a job, and then I found a job And heaven knows I'm miserable now |
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#18 | |
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Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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Quote:
You got that right. If you live anywhere else consider yourself very lucky. Property in NY is still high, still selling and I unfortunately don't see a major softening coming. They are saying it will be flat, but not a drop like in other places. If it stays flat for 7 years I guess you can consider that the drop everyone is expecting. Just last week there were two luxury hi rise condo sales launches. One had Seal performing in the lobby and the other had John Legend performing in it. Both of them are now 75% sold. All at cost and all starting at $800k for a 1 bedroom.
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I've trusted my sites to them for over a decade... Webair, bitches. |
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#19 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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Seal and John legend.. Maybe I should shoot some porno in the lobby of one to sell some condos.. what do you think? Or how about this.. Buy a condo and get a girl with it? There was an old movie like that.. Soiilent Green I think it was with charlton heston..
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#20 |
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Entrepreneur
Join Date: Oct 2002
Location: USA
Posts: 31,429
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Farm.com just sold for $200,000 yesterday.
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from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! *** *** *** *** *** *** *** *** *** *** *** *** |
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#21 | |
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Confirmed User
Join Date: Jul 2001
Posts: 6,964
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#22 | |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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Quote:
It's not that our home is dropping like a rock. But, a market appraisal between last year and this year shows a slow down of pricing.....in Pierce County and we live in a highly desirable neighbourhood, given it still has trees and more than 5000 square feet of land.....with a 3200 square foot house...I swear, developers should be shot for that one and the counties that approve it....
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Raven
~RETIRED~ |
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#23 |
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Confirmed User
Join Date: Dec 2005
Location: Bucharest, Romania
Posts: 2,074
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I agree!
Egomancer
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ICQ: 95-239-282 WWW: www.webprogrammers.eu WWW:www.seodev.eu Y!MSN: lord_ender If you want to outsource any work to Romania - here I am !!!! www.anotheranime.com | www.autotrafic.ro | www.jocurionline.ro |
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#24 |
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Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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I was just in Panama City Beach and the high rise market is still very strong there.
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#25 |
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Dialer Kingpin
Join Date: Jun 2003
Location: New York
Posts: 10,816
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Better for me
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#26 | |
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FUBAR the ORIGINATOR
Industry Role:
Join Date: Jan 2002
Location: FUBARLAND
Posts: 67,374
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Quote:
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__________________
![]() FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com |
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#27 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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KRL was farm.com yours?? You were a smart cookie for getting those other domains when you did.. and selling when you did too.
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#28 |
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Is on the 1
Industry Role:
Join Date: Sep 2002
Location: Philly Burbs
Posts: 4,996
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Philly's real estate on the Delaware riverfront has EXPLODED in terms of what people as asking and getting for houses.
We have seen a offer to buy 10 times what we paid a year earlier for on the same property .... Yes, we are selling out and already got another place that has an offer for 12 times what we paid. Gotta love Casino's coming to your town. |
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#29 |
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vip member
Join Date: Jan 2003
Posts: 17,798
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Fuck luxury hi rises... but around the country you can still easily find undervalued real estate. Anyone wanting to invest can contact me, I watch real estate like crazy and I know some good areas.
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#30 | |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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Quote:
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Raven
~RETIRED~ |
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#31 | |
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FUBAR the ORIGINATOR
Industry Role:
Join Date: Jan 2002
Location: FUBARLAND
Posts: 67,374
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Quote:
__________________
![]() FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX For promo opps contact jfk at fubarwebmasters dot com |
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#32 | |
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Confirmed User
Join Date: Sep 2001
Location: The Global Digerati Village
Posts: 6,265
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#33 |
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Porn To ROCK!
Industry Role:
Join Date: Dec 2003
Location: Hollywood
Posts: 4,357
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of course here in LA its a sellers market for sure!
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Ross Horwitz Skype: RossAngeles666 Online Ad Sales / Email / Display Ads / Mobile Cell.323.949.4313 [email protected] |
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#34 | |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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Quote:
__________________
Raven
~RETIRED~ |
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#35 |
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Vidi Vici Veni
Industry Role:
Join Date: Nov 2002
Posts: 6,308
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Real Estate in the US is about to become one big ass burial ground for all the people who dumped their debt into their houses and expected them to be an ATM for life.
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#36 | |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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Quote:
Very true, If you have two adjustable rate mortgs.. the first and the equity line you are going to be in big big trouble. I see all the time now around here you can put down just 3% and buy a pre con condo. A year ago it was 20%. 3% is going to be a disaster as a lot of these folks won't be able to come up with the funds to close. It looks like trouble to me. What are current housing starts numbers. Are they still going ahead full steam? |
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#37 |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 6,874
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I've seen mortgage lenders and banks take zero down.....that's where the trouble lies...and these interest only loans....whew. Just to buy a house.
__________________
Raven
~RETIRED~ |
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#38 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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Isn't it interesting to see the feed back from real folks from different areas in the country and the world? If you ask a real estate professional you never know if what they say is really true.
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#39 | |
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Confirmed User
Join Date: Feb 2006
Location: Kansas City, Missouri
Posts: 3,278
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Quote:
Thats good.. Here's a slogan you can use.. "Real estate sales suck, now our agents do!"
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#40 | |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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Quote:
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#41 | |
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Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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Quote:
Herb, aren't they only putting slot machines down there? I recently went in on a mixed residential/commercial building on Front street.
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I've trusted my sites to them for over a decade... Webair, bitches. |
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#42 |
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salad tossing sig guy
Join Date: Apr 2002
Location: mrthumbs*gmail.com
Posts: 11,702
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OMG its SOBEEEEEE
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#43 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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Just bought a nice condo conversion for 290 $ sq/ft one block from the beach. That is a nice deal I think.
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#44 | |
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Confirmed User
Join Date: May 2003
Location: Seattle
Posts: 2,176
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Quote:
I have no idea where you saw that. But this is like almost completely contrary to what is happening. Prices are still rising in seattle, and it definetly wasnt named the most overpriced city... Edit: Nevermind I saw where you both the washingtonians live. Move out of the sticks.. no one wants to live way the hell out there |
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#45 |
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I help you SUCCEED
Industry Role:
Join Date: Nov 2003
Location: The Pearl of the Orient Seas
Posts: 32,195
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It's still too early to tell. If this persists for about a year of solid negative growth then you can say that the market is 'dead'
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#46 |
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So Fucking Banned
Join Date: Jan 2006
Posts: 282
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I wish they would put gambling here in Miami Beach. That would rock.
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#47 | |
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vip member
Join Date: Jan 2003
Posts: 17,798
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Quote:
I still dont think i'd ever go there |
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#48 | |
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Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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Quote:
If they ever turned some of the hotels into casinos it would officially be the country's sin city. I don't think the world is ready for that much sin. ![]()
__________________
I've trusted my sites to them for over a decade... Webair, bitches. |
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#49 | |
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Confirmed User
Industry Role:
Join Date: Mar 2001
Location: Miami Beach, FL
Posts: 1,053
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Quote:
I LOVE NEW YORK ![]() |
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#50 |
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too cool for highschool
Join Date: Nov 2005
Location: East side, West side, Worldwide!
Posts: 12,164
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