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2/27/2009 3:45:00 PM
Prices are off 10% from their highs...how much more do you think they'll drop?
I say another 40-50%
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Esta
Promo Model (48515posts)
2/27/2009 3:46:00 PM
I thought you quit cv, wailing and crying the whole way.
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2/27/2009 4:00:00 PM
40-50% LOL
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2/27/2009 7:09:00 PM
10-20% through 2010-11 with really slow growth for the following 3-5 years.
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2/27/2009 9:13:00 PM
hey they are still overpriced and some sellers are on gah looo!
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2/27/2009 9:56:00 PM
A 200% increase over approximately 7 years doesn't rectify itself with a 10% reduction over 2 years.
Sorry real estate industry employees. The days of easy commissions are over.
It's amazing to see how many self interested parties are now claiming to have seen this coming whilst people like myself have been predicting this for 18+ months and got laughed at.
Hope you kids enjoy the bath you're going to take on your brilliant real estate investments. My index puts and RE shorts have made a cool 30% since Q2 2008
But don't worry guys. It'll all pass in 18 months in Vancouver. Vancouver is different. There is a magical force field around Vancouver that protects it from market reality.
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2/27/2009 11:31:00 PM
peak to trough, the market will be 80% down.
we've only see the bursting of the speculative bubble. next, interest rates will go up, and people will have door after door slammed in their face as they unsuccessfully try to refinance.
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2/28/2009 9:37:00 PM
schmoove is pretty bang on id say
you morons need to realize that if prices dropped that much (80%? WTF LOL) the supply would be snatched up in a heartbeat by investors, this would in turn cause another housing boom because the demand would sky-rocket again
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2/28/2009 9:40:00 PM
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2/28/2009 11:02:00 PM
200%??
Lol.
Where is that number coming from?
We're talking averages here??
Gimme a break.
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3/1/2009 1:26:00 PM
lol, yeah... i don't know what i was thinking with that 80% prediction....
ok, my new prediction is top to bottom down 75%
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3/1/2009 5:56:00 PM
So, if the high for the average detached home in Vancouver was $600k, you see the average down to $150k? That's a 75% decline, right?
Man, I can't wait for those $150k homes to hit MLS.
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3/1/2009 5:59:00 PM
detroit mi avg home 18k
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3/1/2009 6:02:00 PM
GVRD
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3/1/2009 6:06:00 PM
i know but it could be worse
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3/1/2009 6:21:00 PM
buy pumpkin stocks people.
sell them mid october and BAM.
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3/1/2009 9:03:00 PM
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3/1/2009 10:54:00 PM
Are you sticking to your numbers? Even after seeing it all typed out on the screen?
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3/2/2009 9:17:00 AM
Man, I can't wait for those $150k homes to hit MLS.
No shxt. I'll buy 4.
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3/2/2009 10:02:00 AM
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3/2/2009 10:08:00 AM
I will keep them. 4 is better than 1, duh.
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