Comments on: Housing “Worst Since Great Depression”

By: Tim Boucher

Tim Boucher — Sun, 18 Nov 2007 18:59:04 +0000

Right, and that’s how they sell so many! It then artificially concentrates people and wealth into an eco-social ecosystem that is not prepared to handle it: it causes a spike, and then a crash and the area is blighted for the next 15 years until the next condo revitalization… Happens so many times it’s painful to watch the cycle unfold again and again

By: Julia

Julia — Sun, 18 Nov 2007 18:52:30 +0000

Itâ€™s all those damned condos theyâ€™re building thatâ€™s ruining shitâ€¦ or at least partly.

Hey, that’s all I can afford.

By: Tim Boucher

Tim Boucher — Sun, 18 Nov 2007 17:17:10 +0000

Well my bro’s house in Pittsburgh sat for over a year, as far as I know. A month is not bad. It’s all those damned condos they’re building that’s ruining shit… or at least partly.

By: JK

JK — Sun, 18 Nov 2007 05:25:27 +0000

Yeah but, four lookers in a month. Last summer etc, houses would get lapped up in the first week and sometimes within a day or two. If there is an incubated market here, it certainly is waiting for a pretty little chicken to hatch before it decides on an egg.

By: Tim Boucher

Tim Boucher — Sun, 18 Nov 2007 04:51:38 +0000

I imagine a city like Seattle will be incubated from anything that befalls the rest of the herd.

By: JK

JK — Sat, 17 Nov 2007 18:58:22 +0000

Just an FYI update from a friend. K’s house has been on the market for about a month. Four people have looked at it so far. Seattle’s market is “still strong” however, chirp the media.

By: Julia

Julia — Sat, 17 Nov 2007 02:42:05 +0000

He should share his sidestepping moves with these people.

http://www.msnbc.msn.com/id/21840886/

http://www.msnbc.msn.com/id/21773482/

By: Tim Boucher

Tim Boucher — Fri, 16 Nov 2007 23:33:21 +0000

The reason this article exists can be found within these keywords:

“has sidestepped many of the credit and liquidity problems plaguing U.S. mortgage lenders,”

That’s Invertising!™