Remember "New-Home Sales Rise 4.7%" in Feb. 09? - The MSM Reports Were Bogus!
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This is what you get with a free market.
The economic markets needs regulations and supervision.
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Chuck a match in it. Looks like a shit pile anyway.
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@canarsiemarsie Uh no, Riverside hasn't always been crap, and you don't know what the hell you're talking about.
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I have been to poor countries in Central America, and this looks worst.
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Unfortunately, you're very wrong.
There will be no one rebuilding anything in distressed areas for years.
No business means no new communities - end of story.
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yOU ARE RIGHT Michele. I 've got 2 homes and a commercial building and no debts whatsoever, not even a credit card; a young family that I know bought an expensive home FOR THEIR MEANS, and even though I told them to start small, they didn't listen to me and got themselves in a nice big mortgage. Now the value of the home went down and they are crapping their pants, too afraid to even breath that they may lose their jobs! What can I SAY? yOU WANNA SHOW OFF it's gonna cost you!
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major flu epidemic hit hit economy like a hammer. Restaurants will close, so will malls, cinemas and casinos.
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George: If not already, you better start concealing if you keep filming around there.
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Right. The reason I believe the published new home sales data was fabricated is:
To build a new home in Florida costs about $116 sq ft.
Existing homes, abandoned by the builders or foreclosed by the banks are selling discounted 30%- 55% or more!
Why would anyone in their right mind pay $116 sq ft when the house next door sells for $50 sq ft? Also, the banks won't lend a mortgage on what is an over valued purchase.
It would have to be cash purchase and a buyer with more $ than sense.
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Dear George, You are in an area that has always been crap. Even in good times... Try Brentwood, Beverly HIlls , Santa Monica. Or Malibu... You will see a totally different senario. I agree the economy is the shits. But It seems to me, you are very biased. So you can pitch your doom and gloom mindset.
canarsiemarsie 2 years ago 6
I used to live there , all the houses are not built to last , stucko rendering on basicaly a flimsy 4x2 pine wood home frame,coverd in chicken mesh and plastic for render to stick too.dry wall on inside.
they are not work shit.I was involved in the constuction of many. real crap
binky4647 2 years ago 4