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SVTPerformance's Chain of Restaurants
Road Side Pub
Housing market is still solid in my neck of the woods!
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<blockquote data-quote="365 Saleen" data-source="post: 16652394" data-attributes="member: 201889"><p>When the foreclosures happen, look at who is buying them up. That will give you a clue as to who is behind all of this. Just like the Government is trying to get people out of their cars, they are also trying to get rid of homeowners. Thank goodness that when the housing market dose collapse and home values tank, we have enough equity in the home that it will still be worth more than what we owe.</p><p>We know a local contractor that builds homes. Last fall he gave a estimate on a build that came in at around $750K, which around here is big money. The folks decided to wait until spring to make a decision and start with the build. The estimate had to be revised because of lumber prices going through the roof. That estimate jumped from $750K to $1.4 M and the folks had to back out of the deal because they could not afford it. They should have started that build last fall. Tough deal.</p></blockquote><p></p>
[QUOTE="365 Saleen, post: 16652394, member: 201889"] When the foreclosures happen, look at who is buying them up. That will give you a clue as to who is behind all of this. Just like the Government is trying to get people out of their cars, they are also trying to get rid of homeowners. Thank goodness that when the housing market dose collapse and home values tank, we have enough equity in the home that it will still be worth more than what we owe. We know a local contractor that builds homes. Last fall he gave a estimate on a build that came in at around $750K, which around here is big money. The folks decided to wait until spring to make a decision and start with the build. The estimate had to be revised because of lumber prices going through the roof. That estimate jumped from $750K to $1.4 M and the folks had to back out of the deal because they could not afford it. They should have started that build last fall. Tough deal. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Housing market is still solid in my neck of the woods!
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