Where not to buy a house within the next year - GoFuckYourself.com

scotty2hotty1111 · 10-31-2006, 02:19 PM

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%

$5 submissions · 10-31-2006, 02:21 PM

Ouch. I wonder how San Diego and LA will fare.

scotty2hotty1111 · 10-31-2006, 02:23 PM

Quote:

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

shynfine · 10-31-2006, 02:23 PM

look out the roof is on fire.

pornguy · 10-31-2006, 02:27 PM

San Diego is already dropping. And it was never worth what they were asking anyway.

$5 submissions · 10-31-2006, 02:30 PM

Quote:

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?

Antonio · 10-31-2006, 02:46 PM

Quote:

Originally Posted by shynfine

look out the roof is on fire.

da roof, da roof, da roof is on fire

DjSap · 10-31-2006, 02:57 PM

lets hope foreclosures are close by...

Big Red Machine · 10-31-2006, 03:24 PM

Quote:

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

Fizzgig · 10-31-2006, 03:25 PM

Home prices are way too high righ now anyway.

pigman · 11-01-2006, 08:23 AM

That sucks.

OG LennyT · 11-01-2006, 08:41 AM

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?

BaldBastard · 11-01-2006, 08:45 AM

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.

10-31-2006, 02:19 PM	#1
scotty2hotty1111 Confirmed User Join Date: Apr 2006 Location: sacramento Posts: 1,113	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

10-31-2006, 02:21 PM	#2
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Ouch. I wonder how San Diego and LA will fare. __________________ 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

10-31-2006, 02:23 PM	#4
shynfine Registered User Join Date: Sep 2006 Posts: 91	look out the roof is on fire. __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

10-31-2006, 02:27 PM	#5
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	San Diego is already dropping. And it was never worth what they were asking anyway. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

10-31-2006, 02:57 PM	#8
DjSap Confirmed User Join Date: Jul 2002 Posts: 3,869	lets hope foreclosures are close by... __________________ Blog Themes, TGP Design, Writing Services, Grunt Work ICQ: 66871495

10-31-2006, 03:25 PM	#10
Fizzgig Registered User Join Date: Feb 2004 Location: In Your Dreams Posts: 9,649	Home prices are way too high righ now anyway. __________________ ---'-,-{@ Sassy Grrrl @}-'-,---

11-01-2006, 08:23 AM	#11
pigman Confirmed User Join Date: Aug 2006 Posts: 760	That sucks.

11-01-2006, 08:41 AM	#12
OG LennyT Wall Street Pimp Industry Role: Join Date: Jun 2003 Location: Phoenix, AZ Posts: 14,345	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? __________________ Tradeking - my online broker \| 4.95 a trade \| make real $$

11-01-2006, 08:45 AM	#13
BaldBastard Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: Sydney Posts: 16,179	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.