Housing Bubbles

[refugepsa91]

cats your selling to move to Michigan right? I would love that...I'll evict my neighbor right away so you can move right in..LOL Just kidden'

Wow I must live in el cheapo town...houses here are going for 80,000 to highest of 180,000 in the areas around me...nice homes too...and they are on at least 2 acres, because township regulations make you have at least that much land to build on it.

Love and Blessings,

Angel

[Catsmeow]

Moving isn't bad if you're not ready for retirement and you have a job elsewhere.

Or....if you're Abraham and have been called to a land the Lord shall shew you...

{{grin}}

[Catsmeow]

cats your selling to move to Michigan right?  I would love that...I'll evict my neighbor right away so you can move right in..LOL  Just kidden' 

Wow I must live in el cheapo town...houses here are going for 80,000 to highest of 180,000 in the areas around me...nice homes too...and they are on at least 2 acres,  because township regulations make you have at least that much land to build on it.

Love and Blessings,

Angel

<{POST_SNAPBACK}>

Whoa...a nice house for under 200K? Homes for 80K to 180K? Geez, I'm moving to the wrong state, I guess.

Only problem: high cost of heating oil. Oh, and the enormous cost of living in a real cold state....Michigan. Yikes!!!

[hmh]

I'm wanting to move back to North Alabama. The cost of living is cheaper.

[Catsmeow]

hmh:

I was just up there this February when I buried my Mom. You can buy a beautiful home there in the 300's. Not bad...for a lovely home on an acre of land in the "upscale" section of town (Hoover, AL).

You get more bang for your buck...

[refugepsa91]

Yes it is cold here in the winter....as far as heating...thanks for mentioning it...I have got to call my propane co. and lock in a rate before this week is out...

Love and Blessings,

Angel

[Catsmeow]

I HATE driving in snow.

[Trust & Obey]

There are some areas that are overinflated, but there won't be a "pop" like there was with the stock market.

The reason is that with stocks... everyone can panic and sell all of their stock with a telephone call to the broker or with an online transaction.

With housing... people live in their houses so it isn't easily "liquidated."

But, there are areas that are so sky high (San Fran, San Diego, Orange County/LA) that it is reasonable to expect a 5-10% market correction.

[Snow4JC]

More News for you all~

How much do you know about your Bank? How solid is it?

Today I stopped in and spoke with the Branch Manager of the Independent Bank I have accounts with.

It turns out that this bank is very solid. It is 21st in a ranking of banks in the USA.

Beware~ There are some banks out there, that won't beable to exists if the housing bubble bursts. These banks will be forced to forclose on their home loans and other loans.

How many people do you know can come up with $100,000, to cover their home loan?

First - inflation has driven the house prices up? However, many homes are over priced. So when you buy an over priced home and the house Bubble bursts, you are still responabile for the total loan, yet you will not beable to sell it for what you paid for it. I hope this makes sense.

When the house Bubble bursts the interests rates go UP. In the past home owners could barely make the interest payment let alone the house payment. Anyone who took their loan out on a variable rate are doomed.

It doesn't stop there- anyone who has maxed out their credit cards are doomed too.

I hope you can understand this, it all ties in to the end days.

Here in Michigan boaters saw two water spouts on Lake Michigan, something NEVER seen here before.

I hope ever one is healthly and working on being Joyful.

Snow4JC

[pretzelperson]

I currently own this house. If you are interested I will put together a very attractive deal for you.

438 Haper Ave. Loveland, OH (Near Cincinnati)