US Housing Market Faggotry

dude cash out and move to Mexico.

live out the rest of your days in warm weather, cheap mexican food, and an over abundance of pesos.

just be sure to make friends with the drug cartels and its all good.
 
no offense Ken, but sounds like your in-laws want out also and you guys are are an easy sale :loco:

i don't know, i'd stay put. i am sure your in-laws can sell the house if its such a deal and I am pretty sure you guys can find something comprable when the time comes for a good deal.

what do i know though, I pay $1.3K/month rent :lol:
 
Yeah, they definitely want out. They'll wait if need be though cuz we definitely won't get as good a deal elsewhere.

Trust me when I say that these folks genuinely are the "salt of the earth."
 
I hate my yard. Anyone want to buy my house? I swear the electrical work I did is legit. :loco:
 
I was just watching a video online about Foreclosures in Plainfield, NJ and how it's one of the biggest towns in the US with them.

What's freaking weird is that this town is a mere 40 miles from where I live and the majority of the houses are worth 1/5 - 1/10th less

http://www.weichert.com/NJ/Union/Plainfield/

same size houses on similar lots around me are between 1-2mil
 
We recently accepted an offer for our condo and signed the papers. If all goes well, closing is on 7/15. :kickass: We are working on the mortgage stuff for the parents house as well. They have signed papers to buy a condo which is currently being built.

What a whirlwind of events all happening at once!
 
some close family peeps just bought a huge freaking house with over an acre of land on the PA/NJ border for $56K ... 4 beds 3 bath ... rididculous amounts of space ... now we are talking market crash.

i gotta start looking.
 
So I went to Montana and also Idaho a few months ago.

I want to sell all my music gear and buy a shack with lots of guns for like $35k.

It would be awesome. I'd get bored though. Maybe when I'm 50.
 
A mother living in Detroit has traded in her four-bedroom home for a 2006 minivan.

LaWanda Flake, a 36-year-old, disabled mother of six traded in her four-bedroom, three-bath house, located in one of the city's better neighborhoods and valued at $96,000 for a 2006 Chevrolet Uplander with 85,000 miles, valued at between $5000 and $8,500.

"I had a lot of good offers, some from out of state. It turned out I took one of the first offers I got because I felt like it helped us both," Flake told the Detroit News. "They needed the house more than anyone I spoke with. They kept telling me it was a blessing to them. I really feel like I made a good decision."

Flake said she posted the house offer on Craigslist because she needed a new car in order to get her children to school on time because the city's bus system was proving unreliable. Flake has an irregularly updated Twitter account, where you can see some of her complaints about the bus system.

Now, there are a couple of details that make this story far less crazy than it sounds at first. Number one, Flake and her six children are not living in the minivan. They've relocated to a three-bedroom home nearby that she was able to purchase on a $4,000 land contract.

And even though the house was once home to Diana Ross and the Supremes, Flake purchased it last year at a foreclosure sale for $3,600, not its near six-figure retail value. The house reportedly has several thousand dollars worth of necessary repairs waiting for the new owners, including a new furnace and water heater.

A $96k home traded for minivan with $85k miles

The family who purchased Flake's home has decided to stay anonymous for now. Flake agreed to not mention their names in the story, but she did note that she received several more lucrative offers for her home, including a Montana couple who offered Flake her choice of one of their four vehicles. And a man who recently moved back to Detroit from Las Vegas offered in trade his 1996 Bentley Brooklands luxury sedan, valued at about $20,000. A third trade offer was for a 1996 Corvette.

"I said, Oh wow! What am I going to do with a Corvette? I can't do anything practical with a Corvette," Flake said.

Of course, with the current state of property values in Detroit, it sounds like Flake could have traded in one of those cars for another two or three houses.
 
What is the bitch talking about? Other than a 911, Corvette is the most practical sports car

:lol:

I heard some more Detroit stuff on NPR this afternoon. Something about residents buying up the empty lots for $200. Nothing new. I feel totally lost on the Detroit issue though. Someone direct me to a good website or article detailing it's decline. I find it fascinating but don't have the time to do my own research
 
we should buy up a bunch of land there ... how much can a square block go for? $1000?