[Shotimes] Re: (OT) More UAW workers bankrupt - Detroit news

[Mark Mucher]

Only 40%?

Try the whole east coast of Florida (and maybe the west, for all I know...)

Can't move - where would I go?  <G>

Mark


-----Original Message-----
From: shotimes-admin@autox.team.net [mailto:shotimes-admin@autox.team.net]
On Behalf Of Bill Murray
Sent: Tuesday, September 20, 2005 9:46 PM
To: 'Jim & Debbie Leyden'; shotimes@autox.team.net
Subject: RE: [Shotimes] Re: (OT) More UAW workers bankrupt - Detroit news

Wow, real estate is still booming here in the Northeast.  Housing prices in
some areas have risen 40% in less then 2 years!  I'm thinking about moving
south, NC area, within the next 5 years or so if prices don't at least level
out here.

Bill

-----Original Message-----
From: Jim & Debbie Leyden [mailto:jndleyden@comcast.net] 
Sent: Tuesday, September 20, 2005 9:42 PM
To: 'Ron Porter'; '`V8 sho@v8sho.com'; '`V6 SHOtimes'
Subject: RE: [Shotimes] Re: (OT) More UAW workers bankrupt - Detroit news

It isn't only in Ford/GM country.  It is the entire US.  I have never seen
so much real estate for sale and now it is becoming more common to see low
end neighborhoods with up to 30% of the houses boarded up and high end
neighborhoods with houses that are on the market for a couple years.
I predict a total economic collapse within the next ten years.  

Jim


-----Original Message-----
From: shotimes-admin@autox.team.net [mailto:shotimes-admin@autox.team.net]
On Behalf Of Ron Porter
Sent: Tuesday, September 20, 2005 6:26 PM
To: '`V8 sho@v8sho.com'; '`V6 SHOtimes'
Subject: [Shotimes] Re: (OT) More UAW workers bankrupt - Detroit news

IMHO, Interest-only mortgages are an excellent tool for frequent
transferees. Like I was. FWIW, I was in my 2nd house in early 1985, then I
moved to my current house in 5/1999, and it was my 9th house!!

 

I doubt that the interest-only mortgage was used by many ordinary
folks...but I'm sure that there was a few idiots in that bunch.

 

Doesn't matter, as there are four houses For Sale on my small street. The
beautiful house across the street started out cheap at $319K (they had
already moved to Chicago, and it "was" worth at least $340K), and they are
now down to $299K. 

 

They bought  it for about $280K a few years ago, so they will still break
even.

Ron Porter