Housing market sucks? Ain't seen nothing yet! - GoFuckYourself.com

L-Pink · 08-20-2009, 04:19 PM

Almost HALF of all mortgages will be underwater by 2011 .......

I can't even imagine how fucked up things could get.

http://finance.yahoo.com/tech-ticker...en,kbh,dhi,phm

.

dready · 08-20-2009, 04:22 PM

I believe it.

kane · 08-20-2009, 04:26 PM

I think it will last a long time too.

The housing market was grossly overvalued in many parts of the nation and all of this has helped put it back in check. There are parts of the country where people's homes are now worth half what they paid for them just a few years ago and it will take them years and years to get that value back.

bdld · 08-20-2009, 04:32 PM

my house went up 100k in the last month, this after it dropped 200k a year go, so there are signs of recovery in some areas.

teomaxxx · 08-20-2009, 04:37 PM

Quote:

Originally Posted by bdld

my house went up 100k in the last month, this after it dropped 200k a year go, so there are signs of recovery in some areas.

while banks are whitholding are 1.5 milion of foreclosures in the US. at some point everyone will try to get out of the room at same time....

JimmiDean · 08-20-2009, 04:40 PM

We aint seen nothing yet.
there is a another whole wave of ARM's about to reset in 2010

ThumbLord · 08-20-2009, 04:42 PM

well, yep it looks genuine

Brad Mitchell · 08-20-2009, 06:04 PM

Flippin crazy. Cash is king, everyone remember that.

Brad

L-Pink · 08-20-2009, 06:11 PM

Quote:

Originally Posted by Brad Mitchell

Flippin crazy. Cash is king, everyone remember that.

Brad

That's the position I'm working to achieve, cash. What worries me is the tremendous amount of it being printed each day.

.

GatorB · 08-20-2009, 06:13 PM

Porn Grounds · 08-20-2009, 06:13 PM

Quote:

Originally Posted by JimmiDean

We aint seen nothing yet.
there is a another whole wave of ARM's about to reset in 2010

Very true...

ztik · 08-20-2009, 06:21 PM

houses are still over priced

epitome · 08-20-2009, 06:24 PM

One of my businesses is the disposal of foreclosed properties for the banks.

At the last large industry event, which was closed to the public and (mostly to the) press (who was more interested on reporting the parties in rented mansions), the banks admitted that they were shitting bricks.

We have seen NOTHING yet. They're not exactly singing it from the top of the mountain, but they aren't trying too hard to keep a lid on it, either.

MovieMaster · 08-20-2009, 09:44 PM

No one has discussed the coming inventory to hit the market in the coming years from baby boomers and the greatest generation all moving on. That will have a huge effect on the housing supply / market as well.

EscortBiz · 08-20-2009, 09:46 PM

biggest mistake was telling people its ok to default the banks are the bad guys

even people who can pay stopped paying and waiting for the bank to offer them free dinners, hookers, blow jobs and reduced monthly payments

Semi-Retired-Dave · 08-20-2009, 11:39 PM

Don't let the media fool you. I do a lot of flipping homes and there is a lot of money to be made off of it. This is the best time for deals and there are a lot of buyers.

L-Pink · 08-21-2009, 08:19 AM

Quote:

Originally Posted by CyberAge-Dave

Don't let the media fool you. I do a lot of flipping homes and there is a lot of money to be made off of it. This is the best time for deals and there are a lot of buyers.

The report was prepared by Deutsche Bank Group, one of the world's leading financial service providers not the media. The deals will continue and maybe increase.

.

pornguy · 08-21-2009, 08:36 AM

Well when you buy a house that jumped 150k in value in 3 months, then you kind of deserve to have this happen..

08-20-2009, 04:19 PM	#1
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Housing market sucks? Ain't seen nothing yet! Almost HALF of all mortgages will be underwater by 2011 ....... I can't even imagine how fucked up things could get. http://finance.yahoo.com/tech-ticker...en,kbh,dhi,phm .

08-20-2009, 04:22 PM	#2
dready Confirmed User Industry Role: Join Date: Oct 2002 Location: Toronto, ON Posts: 5,247	I believe it. __________________ ICQ: 91139591

08-20-2009, 04:40 PM	#6
JimmiDean Confirmed User Join Date: Nov 2004 Location: Margarittaville Posts: 3,433	We aint seen nothing yet. there is a another whole wave of ARM's about to reset in 2010 __________________ My God there's Porn on here! Still on the Beach !!!

08-20-2009, 04:42 PM	#7
ThumbLord Confirmed User Industry Role: Join Date: Jan 2009 Location: Aruba Posts: 1,932	well, yep it looks genuine __________________ We Sell Domains \| ThumbLords \| ICQ 128106905 \| TubeLords \| Traffic Holder \| eRoken

08-20-2009, 06:04 PM	#8
Brad Mitchell Confirmed User Industry Role: Join Date: Nov 2001 Location: Southfield, MI Posts: 9,812	Flippin crazy. Cash is king, everyone remember that. Brad __________________ President at MojoHost \| brad at mojohost dot com \| Skype MojoHostBrad 71 industry awards for hosting and professional excellence since 1999

08-20-2009, 04:26 PM	#3
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	I think it will last a long time too. The housing market was grossly overvalued in many parts of the nation and all of this has helped put it back in check. There are parts of the country where people's homes are now worth half what they paid for them just a few years ago and it will take them years and years to get that value back.

08-20-2009, 04:32 PM	#4
bdld $100,000 Join Date: Dec 2001 Posts: 11,452	my house went up 100k in the last month, this after it dropped 200k a year go, so there are signs of recovery in some areas.

08-20-2009, 06:13 PM	#10
GatorB The Demon & 12clicks Industry Role: Join Date: Oct 2001 Location: SallyRand is a FAGGOT Posts: 18,208

08-20-2009, 06:21 PM	#12
ztik Confirmed User Industry Role: Join Date: Aug 2001 Location: Nomad Posts: 5,196	houses are still over priced __________________ .

08-20-2009, 06:24 PM	#13
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	One of my businesses is the disposal of foreclosed properties for the banks. At the last large industry event, which was closed to the public and (mostly to the) press (who was more interested on reporting the parties in rented mansions), the banks admitted that they were shitting bricks. We have seen NOTHING yet. They're not exactly singing it from the top of the mountain, but they aren't trying too hard to keep a lid on it, either.

08-20-2009, 09:44 PM	#14
MovieMaster Confirmed User Join Date: Apr 2003 Posts: 897	No one has discussed the coming inventory to hit the market in the coming years from baby boomers and the greatest generation all moving on. That will have a huge effect on the housing supply / market as well.

08-20-2009, 09:46 PM	#15
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	biggest mistake was telling people its ok to default the banks are the bad guys even people who can pay stopped paying and waiting for the bank to offer them free dinners, hookers, blow jobs and reduced monthly payments __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

08-20-2009, 11:39 PM	#16
Semi-Retired-Dave Too lazy to set a custom title Join Date: Apr 2004 Location: LA Posts: 11,190	Don't let the media fool you. I do a lot of flipping homes and there is a lot of money to be made off of it. This is the best time for deals and there are a lot of buyers. __________________ Support a Good Cause

08-21-2009, 08:36 AM	#18
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Well when you buy a house that jumped 150k in value in 3 months, then you kind of deserve to have this happen.. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!