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House wouldnt sell at 50% off? Real Estate never goes down?

Posted on 21 October 2010


Easy to figure this one out.

Popularity: 13% [?]

25 Responses to “House wouldnt sell at 50% off? Real Estate never goes down?”

  1. dsrtflwr says:

    This had to happen. Housing prices are way too high. It's going to get worse.

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  5. prkoqui says:

    Find those homes at
    forecloseddealz.cogia.net with the new lower price

  6. iphone4rocks says:

    yeah, the current housing market is crap, unfortunately. the only way to go, in my opinion, is through a real estate investor that pays cash. one of my friends sold their house through the investor site wellbuyit(dot)net . she got a fairly decent offer, too!

  7. schlabresfan says:

    S. Florida looks like this now. I am losing 5 people on my street.

  8. ellaelizabeth says:

    This is your right? Uneducated cleaning lady says she has a right to live in a half a million dollar house…lol. Why does everyone blame the bank and these people have no accountability? I was recently LITERALLY talking to someone that said they could not afford their house and we going to "walk away" and in the same breathe said his Porsche was in the shop.

  9. monkeyman1140 says:

    @joey1127
    Blame the banks too, who are supposed to be prudent in their loans. Now the taxpayer has to bail out the banks, so don't blame just the homeowner. Its ridiculous to claim that a homeowner "tricked" a loan officer.

  10. monkeyman1140 says:

    Is there an irony that the guy doing the auction is doing it in front of a trash can?

  11. monkeyman1140 says:

    Government, Banks and the Realtor Cartel will want to reinflate the housing bubble again as quickly as possible.

  12. alexwclark says:

    perfect lesson as to why to never do a lease option.

  13. TheMrMarple says:

    Renting is sweet. Wait to buy until you are confident that you are going to be in the same spot for 15 years, put AT LEAST 20% down, get a 15 year fixed rate mortgage, and payments shouldn't exceed 25% of your TAKE HOME pay.

  14. DeidaraR0X says:

    that lady in the begginign looked like carmen electra!

  15. BizReporter1 says:

    World Factbook info, California as an independent state, it would have had the 10th largest economy in the world in 2007.
    July 09 California #1 foreclosures at 108K

    U.S. 360,000 for 1 month!

    Go To: Google maps, select REAL ESTATE @ right options box. Check FORECLOSURES, zip code 91739 and watch the search area w/PINS of homes in foreclosure. MINDBLOWING! zip 91739 the Inland Empire. Ground zero

    CA CML RE @ 30% vacancy rate! 5 yr bloodbath more at: CaliforniaRE2009 blogspot

  16. Sawbucks23 says:

    I hear ya Joey. It's the banks and the buyers fault. The banks wanted the commision and the buyers wanted to make an investment. The buyers didn't research the housing market and the banks didn't care if the buyers lied about their income or job title.

  17. Sawbucks23 says:

    The buyers are at fault too since they expected their house prices will always go up. I talked to people who bought their houses back in 2005, 2006 since they believed that it was their best chance because housing prices never goes down.

  18. joey1127 says:

    I make $12 an hour. My wife makes $18 an hour. We have 5 kids…and we just bought a $300k home.

    Is it the Bank or the uneducated buyer? Yeah, let's blame someone ells for our poor judgement!!!!

  19. SpeedingStudent says:

    With all the Catholics…I don't see that happening.

    Oh how I wish the population would decrease!

  20. PropertyLeadsNow says:

    It's unbelievable the decline in property values we see across the country each day. It will be years before this market recovers, and that's if you redefine recover! It's a buyers market though if you plan to hang on.

  21. DullardGuy says:

    So staying at home living with your mother is not so bad after all eh? hahahahhahaha

  22. November302008 says:

    We need 30 year fixed rate mortgages to be 2.5 % or less to survive this crisis. Fix Housing First.

  23. savagesteve13 says:

    Realtors participate in the scam. They stress "comps" when valuing a house, and then manipulate the comps prices.

  24. DrewDownsManagement says:

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  25. flyinggeng says:

    Whoa, how would a bank or a mortgage holder allow a lease to own contract?? There's something really fishing going on there.


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