Comments on: Real estate bottom: Are we there or is a major drop on the way? http://www.todaysfinancialnews.com/real-estate/real-estate-bottom-are-we-there-or-is-a-major-drop-on-the-way-4597.html Today's Financial News offers an independent and very practical perspective on the U.S. and global investment markets. We filter out exactly what financial news is worth paying attention to... and what it means for your money and portfolio Tue, 26 Jan 2010 12:08:21 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Joey J. Jones http://www.todaysfinancialnews.com/real-estate/real-estate-bottom-are-we-there-or-is-a-major-drop-on-the-way-4597.html#comment-2027 Joey J. Jones Tue, 04 Nov 2008 17:11:37 +0000 http://www.todaysfinancialnews.com/?p=4597#comment-2027 Yeah right. Yeah right.

]]> By: Peter Griffin http://www.todaysfinancialnews.com/real-estate/real-estate-bottom-are-we-there-or-is-a-major-drop-on-the-way-4597.html#comment-1930 Peter Griffin Wed, 08 Oct 2008 22:21:20 +0000 http://www.todaysfinancialnews.com/?p=4597#comment-1930 One mistake - manhattan real estate hasn't been "slammed". In fact, it is UP in 2008 vs. 2007 - it may be the only place that hasn't seen any decrease at all. That is likely to change next year, but manhattan condos cost more in Oct 2008 than they did in 2007 One mistake – manhattan real estate hasn't been “slammed”. In fact, it is UP in 2008 vs. 2007 – it may be the only place that hasn't seen any decrease at all. That is likely to change next year, but manhattan condos cost more in Oct 2008 than they did in 2007

]]> By: Rich http://www.todaysfinancialnews.com/real-estate/real-estate-bottom-are-we-there-or-is-a-major-drop-on-the-way-4597.html#comment-1929 Rich Wed, 08 Oct 2008 17:42:23 +0000 http://www.todaysfinancialnews.com/?p=4597#comment-1929 You base your theory on the idea that because homes are “over-mortgaged” sellers will not venture below that point. Sellers have been forced to do that for the last 18 months, where have you been? The other problem with that is that our governments $700 billion bailout bill will refinance those mortgages to 95% of their CURRENT appraised value, negotiated by ACORN by the way.<br><br>The only thing that will maintain the price of existing homes is the real cost of building a new one. Once the distressed inventory is gone, the price of homes will once again be determined by the combination of demand of the real property location and the cost of construction. <br><br>That is of course if the money lenders are no longer forced to make loans to individuals that lack the means to pay it back. Not just homes but cars, credit cards, furniture and flat screen TV’s as well. If that doesn’t change then we will continue to be in a financial no win situation that all the bailout’s in the world won’t dig us out of. <br><br>The tax payers take it in the shorts once again by our governments never ending quest to buy the votes of the growing mass of non-taxpayers. You base your theory on the idea that because homes are “over-mortgaged” sellers will not venture below that point. Sellers have been forced to do that for the last 18 months, where have you been? The other problem with that is that our governments $700 billion bailout bill will refinance those mortgages to 95% of their CURRENT appraised value, negotiated by ACORN by the way.

The only thing that will maintain the price of existing homes is the real cost of building a new one. Once the distressed inventory is gone, the price of homes will once again be determined by the combination of demand of the real property location and the cost of construction.

That is of course if the money lenders are no longer forced to make loans to individuals that lack the means to pay it back. Not just homes but cars, credit cards, furniture and flat screen TV’s as well. If that doesn’t change then we will continue to be in a financial no win situation that all the bailout’s in the world won’t dig us out of.

The tax payers take it in the shorts once again by our governments never ending quest to buy the votes of the growing mass of non-taxpayers.

]]> By: Stephan http://www.todaysfinancialnews.com/real-estate/real-estate-bottom-are-we-there-or-is-a-major-drop-on-the-way-4597.html#comment-1917 Stephan Tue, 07 Oct 2008 15:37:04 +0000 http://www.todaysfinancialnews.com/?p=4597#comment-1917 Yet another ridiculous, academically baseless article. The financial markets and housing markets are in for a serious plunge. There is no available credit and jobs are being cut at an alarming rate. Who exactly will be buying a house in the next few years? Yet another ridiculous, academically baseless article. The financial markets and housing markets are in for a serious plunge. There is no available credit and jobs are being cut at an alarming rate. Who exactly will be buying a house in the next few years?

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