3 replies to this topic

[Rogerdodger]

Maybe the end of the world has been delayed.
Out of 5 homes for sale in my neighborhood, 3 sold last week. It's spring after all.
The Sheriff's list of foreclosed homes has dropped from 37 to 31 pages.

But in Vegas:
Flippers Flop As Housing Market Cools

"Nevada's foreclosure rate led the nation when it rose 220 percent from a year earlier to 4,738 filings, or one in every 183 households."

"In Clark County, which encompasses Las Vegas, one of every 30 homes began the process toward foreclosure last year."

"There's going to be a lot of depression, a lot of anger. A lot drinking, gambling, and desperate stuff going on."


That last line sounds like Vegas is getting back to normal.

Might not the FED keep rates low and inflation high to help out?

Edited by Rogerdodger, 29 April 2007 - 01:44 PM.

[Sentient Being]

Massachusetts is putting cash into helping people in adjustable mortgages who are moving toward foreclosure to refinance to fixed terms with lower rates. Sounds like some banks have some pull and are tapping into those lovely tax dollars.

[stocks]

Maybe the end of the world has been delayed.
Out of 5 homes for sale in my neighborhood, 3 sold last week. It's spring after all.
The Sheriff's list of foreclosed homes has dropped from 37 to 31 pages.

But in Vegas:
Flippers Flop As Housing Market Cools

"Nevada's foreclosure rate led the nation when it rose 220 percent from a year earlier to 4,738 filings, or one in every 183 households."

"In Clark County, which encompasses Las Vegas, one of every 30 homes began the process toward foreclosure last year."

"There's going to be a lot of depression, a lot of anger. A lot drinking, gambling, and desperate stuff going on."





That last line sounds like Vegas is getting back to normal.

Might not the FED keep rates low and inflation high to help out?

They can't build them fast enough; hotel space that is.

Las Vegas: 38,600 new rooms planned

http://www.travelmol...57.php?mpnlog=1

[JAP]

It's amazing how greedy, emotional and stupid people can be at the propect of making a lot of money. They all deserve to get socked. I like being able to click a mouse and get in and out when I want to. You can't do that with real estate.