I must have seen like 15+ open houses while taking a drive before.....
 

man oh man these suckers that cant aford there shit anymore they are struggling to get rid of it


great time to buy for cheap ehhehe

Yeah there must be like 10 houses for sale within 2 blocks of my house. You drive down the street and it seams like every 4-5 houses there is one for sale.

There is always a huge jump in the number of listings in spring.
The interesting part will be to see how many are left at the end of the summer.

bid on one of them - Juicy Manor

I need a green card fast! who can help me ?

Bid in a nice way... and be careful!

the prices have been dipping on some of the properties , the buyers arent out there as they were.....


not toolong ago they were giving out mortgages to anybody with a teaser low rate then the variable shit kicked in and a 1500 month payment went to like 3k or so and these peeps were fucked....

now you need the min 20% down and shit to get good mortgages

the neighborhood about a mile ddown the road its 7 years old was built when all those people got the balloon rates, now 90% of the neighborhood is forclosed. IDIOTS, time for me to pickup some investment properties

Exactly i know a few people in the loan biz and they are having a hard time getting
loans for people even with the 20% down

he don't have enough money from his sig whoring yet


edit: from

someone with a bunch of cash could make purchases now that would make them very rich in the future.

Assuming they buy when the market stops dropping. They were saying the same about the dollar and look where buying dollars 6 months ago would of got you.

One of the reasons for the downturn and the problems ahead is due to the banks themselves. Don't know about the US but in the UK my niece and her husband were being offered mortgages they knew they could not afford. Were the banks thinking that people will take them on for a few years, hit problems and they could foreclose on a property worth enough to cover the debt and the money paid already would be profit? Not sure if it worked that way, if it did they got burned.

Here in CZ Brno, house prices are still rising. Just not as fast as they were.