Housing prices crashing slowly (news link) - GoFuckYourself.com

$5 submissions · 09-26-2006, 03:23 AM

But not (yet) in the West:
http://www.latimes.com/business/la-f...lines-business

Porn Producer · 05-29-2009, 10:27 AM

damn, thats bad news

Snake Doctor · 05-29-2009, 10:30 AM

The only way for housing prices to go up long term is for incomes to go up.

Even with all of the deflation in housing lately, prices are still way too high in alot of areas.

pornguy · 05-29-2009, 11:44 AM

The lower the prices on houses go, the happier I am.

Im looking to buy.

TidalWave · 05-29-2009, 12:09 PM

September 26, 2006

Barefootsies · 05-29-2009, 12:11 PM

Quote:

Originally Posted by Snake Doctor

The only way for housing prices to go up long term is for incomes to go up.

Even with all of the deflation in housing lately, prices are still way too high in alot of areas.

Agreed.

candyflip · 05-29-2009, 02:06 PM

Quote:

Originally Posted by Porn Producer

damn, thats bad news

Ancient news too.

marcop · 05-29-2009, 02:37 PM

I ran the numbers for the house I'm renting--the current landlord bought it in April 2005 when the Case-Schiller Housing Index for LA was around 233. That same index is now at 169. So this property that he paid $1.35M for is now worth approximately $945k... I just did the math, and figured out he's losing over $8k per month in equity.

Not a good investment.

$5 submissions · 05-29-2009, 03:28 PM

Interesting thread I posted ... 1 year before the Great Housing crash of 2007... And the financial collapse of 2008. Talk about a time capsule post. Porn Producer, I appreciate the bump but you shouldn't be bumping 3 year old posts, man.

Yen_HerbalRevenue · 05-29-2009, 03:33 PM

I wonder how long before things are going to be normal again.

baddog · 05-29-2009, 03:34 PM

Quote:

Originally Posted by Porn Producer

damn, thats bad news

Have I mentioned you are an idiot lately?

Snake Doctor · 05-29-2009, 06:41 PM

Quote:

Originally Posted by $5 submissions

Interesting thread I posted ... 1 year before the Great Housing crash of 2007... And the financial collapse of 2008. Talk about a time capsule post. Porn Producer, I appreciate the bump but you shouldn't be bumping 3 year old posts, man.

Damn, shit, I didn't even notice the date.

What's funny is I'm surprised you didn't get a bunch of haters telling you that you were an idiot and that prices would keep going up forever.
Most people who said anything negative about the housing market back then got burned in effigy.

Now everyone wants to pretend like they were the ones who saw it coming.

Pleasurepays · 05-29-2009, 06:56 PM

Quote:

Originally Posted by Snake Doctor

Damn, shit, I didn't even notice the date.

What's funny is I'm surprised you didn't get a bunch of haters telling you that you were an idiot and that prices would keep going up forever.
Most people who said anything negative about the housing market back then got burned in effigy.

Now everyone wants to pretend like they were the ones who saw it coming.

really? i challenge you to find those people who said housing prices would go up forever.
everyone with an IQ over 20 knew houses were already over dramatically over valued, particularly in states like California and that the bubble was going to burst eventually and the market would correct itself.

what drives you to be such an idiot? is it medication? low IQ? poor parenting? i'm getting curious to know what your story is. blunt force trauma to the head?

Jack Sparrow · 05-29-2009, 07:01 PM

To ask another question: Im looking to buy a nice apartment or condo in florida, where would i wanna shop on the net to see whats around for a good price? Its only for holidays, the rest of the year i would rent it to others.

Tat2Jr · 05-29-2009, 07:19 PM

Quote:

Originally Posted by TidalWave

September 26, 2006

Fucking GFY. I was thinking..... first year over year drop in prices in 11 years... HUH????

Tat2Jr · 05-29-2009, 07:20 PM

Quote:

Originally Posted by mrfrisky

To ask another question: Im looking to buy a nice apartment or condo in florida, where would i wanna shop on the net to see whats around for a good price? Its only for holidays, the rest of the year i would rent it to others.

If you don't mind getting your news from 2006 then I think the best place to start looking to buy an apartment in Florida is in 2001!

09-26-2006, 03:23 AM	#1
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Housing prices crashing slowly (news link) But not (yet) in the West: http://www.latimes.com/business/la-f...lines-business __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

05-29-2009, 10:30 AM	#3
Snake Doctor I'm Lenny2 Bitch Join Date: Mar 2001 Location: On top of my soapbox Posts: 13,449	The only way for housing prices to go up long term is for incomes to go up. Even with all of the deflation in housing lately, prices are still way too high in alot of areas. __________________ sig too big

05-29-2009, 11:44 AM	#4
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	The lower the prices on houses go, the happier I am. Im looking to buy. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

05-29-2009, 12:09 PM	#5
TidalWave Confirmed User Industry Role: Join Date: Sep 2007 Location: Los Angeles Posts: 2,706	September 26, 2006 __________________ www.SwiftNode.com

05-29-2009, 03:28 PM	#9
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Interesting thread I posted ... 1 year before the Great Housing crash of 2007... And the financial collapse of 2008. Talk about a time capsule post. Porn Producer, I appreciate the bump but you shouldn't be bumping 3 year old posts, man. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

05-29-2009, 10:27 AM	#2
Porn Producer So Fucking Banned Join Date: Dec 2008 Posts: 478	damn, thats bad news

05-29-2009, 02:37 PM	#8
marcop Content Producer Industry Role: Join Date: Nov 2005 Location: Los Angeles Posts: 4,144	I ran the numbers for the house I'm renting--the current landlord bought it in April 2005 when the Case-Schiller Housing Index for LA was around 233. That same index is now at 169. So this property that he paid $1.35M for is now worth approximately $945k... I just did the math, and figured out he's losing over $8k per month in equity. Not a good investment.

05-29-2009, 03:33 PM	#10
Yen_HerbalRevenue Confirmed User Join Date: Mar 2009 Posts: 816	I wonder how long before things are going to be normal again. __________________ ICQ: 568663106 AIM: YenHerbalRevenue

05-29-2009, 07:01 PM	#14
Jack Sparrow Almost goners.. Industry Role: Join Date: May 2008 Location: Netherlands Posts: 11,420	To ask another question: Im looking to buy a nice apartment or condo in florida, where would i wanna shop on the net to see whats around for a good price? Its only for holidays, the rest of the year i would rent it to others.