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BeatleBoot (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:32 AM Original message |
New home sales plunge in November by biggest amount in nearly 12 years |
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PDJane (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:33 AM Response to Original message |
1. Sigh........ |
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SpiralHawk (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:36 AM Response to Reply #1 |
2. Bubble burst by Republican incompetence and greed |
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MrModerate (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:38 AM Response to Original message |
3. Really don't think this is a bubble bursting . . . |
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spinbaby (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:46 AM Response to Reply #3 |
6. I think you'll see localized bubbles bursting |
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MercutioATC (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:49 AM Response to Reply #6 |
8. Agreed. I think it'll happen, but it will be localized. |
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reprobate (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 11:53 AM Response to Reply #3 |
12. The problem as I see it is all the speculators in the market now. |
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kineneb (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 12:35 PM Response to Reply #12 |
15. just as in market crash of 1929 |
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David Zephyr (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 12:20 PM Response to Reply #3 |
13. Yes, and this is "new" housing, not existing home sales. Big difference. |
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ny_liberal (387 posts) Send PM | Profile | Ignore | Fri Dec-23-05 02:31 PM Response to Reply #13 |
20. maybe they built less - hard to find open lots in NY area |
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Jed Dilligan (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 05:46 PM Response to Reply #13 |
27. Pretty sick? |
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BlueStateBlue (470 posts) Send PM | Profile | Ignore | Fri Dec-23-05 05:54 PM Response to Reply #13 |
28. Sick? The prices of housing on the coasts is what's sick! n/t |
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Voltaire99 (1000+ posts) Send PM | Profile | Ignore | Sun Dec-25-05 03:23 AM Response to Reply #13 |
38. Who doesn't want the market to crash? |
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cliss (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 12:46 PM Response to Reply #3 |
16. That's a more likely scenario. |
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Supersedeas (1000+ posts) Send PM | Profile | Ignore | Tue Dec-27-05 04:22 PM Response to Reply #3 |
39. how is the bubble tied to interest only mortgages? |
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Ezlivin (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:40 AM Response to Original message |
4. Record breaking year for foreclosures in NE Tarrant County |
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Bush_Eats_Beef (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:43 AM Response to Original message |
5. The thread I posted yesterday is a nice companion piece to this: |
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Roland99 (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 11:05 AM Response to Reply #5 |
10. The two certainly do go hand-in-hand. |
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HereSince1628 (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:47 AM Response to Original message |
7. I wonder how much fear of the fall out from Katrina was involved? |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 04:50 PM Response to Reply #7 |
26. katrina impact -- real estate is finally worth something here! |
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HereSince1628 (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 06:22 PM Response to Reply #26 |
32. But everywhere else it has raised energy cost from 40-60% |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 09:08 PM Response to Reply #32 |
37. needs to be controls on oil/gas prices |
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LibDemAlways (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 10:59 AM Response to Original message |
9. There are no more new homes |
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SW FL Dem (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 01:51 PM Response to Reply #9 |
19. WIsh I still had my 3800 sq ft home in Moorpark |
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BlueStateBlue (470 posts) Send PM | Profile | Ignore | Fri Dec-23-05 05:59 PM Response to Reply #19 |
30. Same way a family making $50K can afford a $400K home |
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BlueStateBlue (470 posts) Send PM | Profile | Ignore | Fri Dec-23-05 05:58 PM Response to Reply #9 |
29. At least your property taxes are relatively low |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 07:50 PM Response to Reply #29 |
34. Brand new 400K house in CA would have taxes at 5 to 6K on average |
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LibDemAlways (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 09:07 PM Response to Reply #34 |
36. Absolutely right. The only real winners under |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 11:38 AM Response to Original message |
11. Home Prices Reflect Interest Rate Policies Not The Ability To Pay |
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David Zephyr (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 12:30 PM Response to Reply #11 |
14. Yes. |
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Yavin4 (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 02:35 PM Response to Reply #14 |
21. In Real Estate, Location Is Everything |
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Selteri (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 01:46 PM Response to Original message |
17. The bubble hasn't quite popped yet, but it is very close. |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 03:27 PM Response to Reply #17 |
25. Factors that weigh on the bubble side |
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adigal (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 01:46 PM Response to Original message |
18. Didn't you hear Bush today? |
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spinbaby (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 02:42 PM Response to Reply #18 |
22. He said that? |
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adigal (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 06:07 PM Response to Reply #22 |
31. Here it is!! |
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niallmac (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 02:52 PM Response to Original message |
23. I suck at economics just like I did in school. |
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imported_dem (54 posts) Send PM | Profile | Ignore | Fri Dec-23-05 03:04 PM Response to Original message |
24. Now that the new DOE rules are in effect for 13 SEER air conditioning |
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classics (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 07:25 PM Response to Original message |
33. Thanks to the new Bankruptcy bill no doubt. |
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GoddessOfGuinness (1000+ posts) Send PM | Profile | Ignore | Fri Dec-23-05 08:52 PM Response to Original message |
35. What we need is another tax cut for rich people |
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