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10/20/2017 1:01:18 AM
9/22/2017 12:11:25 AM
Posted: 9/1/2005 9:04:34 PM EDT
Could this storm, and the apparent resultant gas shortages, be the catalyst that brings it back to a buyers market?
I know of people "flipping" and need to flip to pay off loans they cannot afford otherwise.
I know people that bought a little for a whole lot and now feel wary
Link Posted: 9/2/2005 11:01:15 AM EDT
No speculators huh?

I know of people paying $350 to $500 last month for SMUD (electrical) in california. I don't think people will want to sink serious cash into bigger/expensive housing with utilities like that.
Link Posted: 9/2/2005 11:03:04 AM EDT
I don’t see how a million people without homes and needing homes could cause housing price to collapse.
Link Posted: 9/2/2005 11:07:12 AM EDT
1400 sq ft. home for 450K in san deigo, (that kind of shit)
Link Posted: 9/2/2005 11:08:09 AM EDT

Originally Posted By Max_Mike:
I don’t see how a million people without homes and needing homes could cause housing price to collapse.



If anything, the housing market will get hotter. Rebuilding all those homes will cause a steep increase in the cost of building houses. Existing property values will go up.
Link Posted: 9/2/2005 11:09:03 AM EDT

Originally Posted By Torf:

Originally Posted By Max_Mike:
I don’t see how a million people without homes and needing homes could cause housing price to collapse.



If anything, the housing market will get hotter. Rebuilding all those homes will cause a steep increase in the cost of building houses. Existing property values will go up.



I agree.
Link Posted: 9/2/2005 11:09:59 AM EDT
This morning I heard that housing costs in Baton Rouge have gone up 100K in the last 4 days.
Link Posted: 9/2/2005 11:10:47 AM EDT

Originally Posted By luckypunk:
1400 sq ft. home for 450K in san deigo, (that kind of shit)




You can buy 4 nice 1400 sq. ft homes here for that and pocket $50,000.
Link Posted: 9/2/2005 11:12:31 AM EDT
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