Homeowners Minus 50DKP! - GoFuckYourself.com

AlienQ - BANNED FOR LIFE · 03-07-2008, 01:57 AM

"Homeowners' percentage of equity slipped to a revised lower 49.6 percent in the second quarter of 2007, according to the Federal Reserve's quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter — the third straight quarter it was under 50 percent."
http://www.msnbc.msn.com/id/23489087/page/2/

Holy shit...
Losing 50% of your investment on top of over paying for it.

I know my house is worth less now than when I bought it but at least it's paid off.
50 percent loss in equity, thats insane.

Is it a good time to buy?

TampaToker · 03-07-2008, 01:59 AM

No don't buy yet it will drop 20-30 % more in the next 8-12 months...

John. · 03-07-2008, 02:01 AM

If it drops another 20% or more, things will never be the same again. It HAS to pick up soon, i think it's a good time to buy - if you do plenty of homework of course!

AlienQ - BANNED FOR LIFE · 03-07-2008, 02:01 AM

I know home prices are dropping like panties on prom night right now, just wondering how much lower could it possibly go.

And damn I really can't imagine over paying for a home at the peak of the Real Estate Era then fucking having it go to complete shit as an investment on top of an over priced mortgage its really pretty fucked for alot of people.

Seriously fucked.
Most may never break even and the ones that do over paid in the first place.
After the Bank Interest rates over 20 years just tack on another 75K to the 600K home...

AlienQ - BANNED FOR LIFE · 03-07-2008, 02:04 AM

Quote:

Originally Posted by TampaToker

No don't buy yet it will drop 20-30 % more in the next 8-12 months...

I am seriously starting to believe it.
I didnt expect more than a 30% drop when all the shit came crashing down.
Damn I was wrong.

TampaToker · 03-07-2008, 02:15 AM

Quote:

Originally Posted by AlienQ

I am seriously starting to believe it.
I didnt expect more than a 30% drop when all the shit came crashing down.
Damn I was wrong.

Dude down here in Florida you can get a brand new 3000 sq ft house built with pool for 215k out the door. If you in the market for a new house this is the time. Me and the family have been going house hunting every weekend for the last 6 months just looking and waiting to pounce. Every week the prices keep getting better and better. But my guy keeps telling me wait wait. That same house i am referring to above was $287k in mid December. But if you buy this same house from there inventory now they are offering it for $198k if you sign the papers in the next week...

Sethseekstruth · 03-07-2008, 04:04 AM

Quote:

Originally Posted by John.

If it drops another 20% or more, things will never be the same again. It HAS to pick up soon, i think it's a good time to buy - if you do plenty of homework of course!

Dude-this is the 1929 of real estate.

When it hits bottom you'll know it.

We are not even close yet.

Wait until all the people in the upscale far flung suburbs start trying to commute in SUV's with 6 dollar a gallon gas.

L-Pink · 03-07-2008, 04:18 AM

Quote:

Originally Posted by AlienQ

"Homeowners' percentage of equity slipped to a revised lower 49.6 percent in the second quarter of 2007, according to the Federal Reserve's quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter ? the third straight quarter it was under 50 percent."
http://www.msnbc.msn.com/id/23489087/page/2/

Holy shit...
Losing 50% of your investment on top of over paying for it.

I know my house is worth less now than when I bought it but at least it's paid off.
50 percent loss in equity, thats insane.

Is it a good time to buy?

That's a drop in equity not home value, big difference.

DjiXas · 03-07-2008, 04:20 AM

Fuck, bought some shares yesterday...

theking · 03-07-2008, 04:26 AM

Quote:

Originally Posted by AlienQ

"Homeowners' percentage of equity slipped to a revised lower 49.6 percent in the second quarter of 2007, according to the Federal Reserve's quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter ? the third straight quarter it was under 50 percent."
http://www.msnbc.msn.com/id/23489087/page/2/

Holy shit...
Losing 50% of your investment on top of over paying for it.

I know my house is worth less now than when I bought it but at least it's paid off.
50 percent loss in equity, thats insane.

Is it a good time to buy?

A lady friend bought a house about ten years ago for 140 thousand. About two years ago it was worth about 360 thousand. Her job took her to another city so she sold the house for 260 thousand (the current market value) and feels as if she lost money when in fact she made 120 thousand.

theking · 03-07-2008, 04:30 AM

Quote:

Originally Posted by L-Pink

That's a drop in equity not home value, big difference.

You are correct.

Global Accés Delgado · 03-07-2008, 04:35 AM

The same is happening i Europe... The last years have seen amazing growth in the real estate market, but prices are falling all over now...

03-07-2008, 01:57 AM	#1
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	Homeowners Minus 50DKP! "Homeowners' percentage of equity slipped to a revised lower 49.6 percent in the second quarter of 2007, according to the Federal Reserve's quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter — the third straight quarter it was under 50 percent." http://www.msnbc.msn.com/id/23489087/page/2/ Holy shit... Losing 50% of your investment on top of over paying for it. I know my house is worth less now than when I bought it but at least it's paid off. 50 percent loss in equity, thats insane. Is it a good time to buy? __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \| Last edited by AlienQ - BANNED FOR LIFE; 03-07-2008 at 01:58 AM..

03-07-2008, 01:59 AM	#2
TampaToker Confirmed User Join Date: May 2006 Location: Tampa Posts: 5,827	No don't buy yet it will drop 20-30 % more in the next 8-12 months... __________________ Icq 247-742-205

03-07-2008, 02:01 AM	#3
John. Confirmed User Industry Role: Join Date: Jul 2007 Location: Europe Posts: 2,264	If it drops another 20% or more, things will never be the same again. It HAS to pick up soon, i think it's a good time to buy - if you do plenty of homework of course! __________________ Sig too old.

03-07-2008, 02:01 AM	#4
AlienQ - BANNED FOR LIFE best designer on GFY Join Date: Mar 2003 Location: IALIEN.COM - High Definition Video and Photographic Productions -ICQ 78943384 Posts: 30,307	I know home prices are dropping like panties on prom night right now, just wondering how much lower could it possibly go. And damn I really can't imagine over paying for a home at the peak of the Real Estate Era then fucking having it go to complete shit as an investment on top of an over priced mortgage its really pretty fucked for alot of people. Seriously fucked. Most may never break even and the ones that do over paid in the first place. After the Bank Interest rates over 20 years just tack on another 75K to the 600K home... __________________ NAKED HOSTING FTW!11 I'm On The INSANE PLAN $9.95/mo! \| The Alien Blog Adult News Worth Reading Updated Daily \| Content For Sale! 641 PICS 216 MINUTES OF VIDEO $350.00 \|ICQ: 78943384 \| Last edited by AlienQ - BANNED FOR LIFE; 03-07-2008 at 02:03 AM..

03-07-2008, 04:35 AM	#12
Global Accés Delgado Registered User Join Date: Feb 2008 Location: Denmark, EU Posts: 78	The same is happening i Europe... The last years have seen amazing growth in the real estate market, but prices are falling all over now... __________________ www.Global-Acces.com - WORLDWIDE adult phonebilling - more than 10 Years in the industry....! No Chargeback deductions - EVER! / Recurring SMS billing! / Weekly payouts with no holdback! / Fully integratable with NATS EMAIL: delgado(a)global-acces.com / ICQ: 2643495 - contact me if you're interested in alternative billing!

03-07-2008, 04:20 AM	#9
DjiXas So Fucking Banned Join Date: Sep 2007 Posts: 1,108	Fuck, bought some shares yesterday...