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

[Ian Fisher]

Prices are up everywhere but especially by you. Down
here in S. Jersey the cost of living and housing
prices are a lot more reasonable...Becky and I have
been casually looking at some places online...I hope
to be getting a place in the next two years. I was
just having a conversation with someone from my town
that I work with about housing prices. You can still
get a decent house for $200K or less around here. The
same house would be $300-$400K easily up in central
NJ. 

My house for instance would be worth a lot more if it
was about 100 miles north of here. But if it was,
whose dining room am I in right now? <g>

As the prices go up, the rates seem to drop (at least
lately)...as the rates go up the prices will begin to
level or drop a bit. At that's what I'd expect..

SC!? That's depressing! I won't let you! =)



Ian

> 
> -----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
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