Post Number: 1074
|Posted on Thursday, December 13, 2007 - 2:35 pm: || |
Detroit residential sales up 4 percent over last November, most other local areas decline
By Daniel Duggan
http://www.crainsdetroit.com/a pps/pbcs.dll/article?AID=/2007 1213/REG/71213001/1016/-/-/det roit-residential-sales-up-4-pe rcent-over-last-november-most- other
Post Number: 647
|Posted on Thursday, December 13, 2007 - 2:39 pm: || |
Would those numbers include home sales where people buy foreclosed homes for pennies on the dollar? Or if Ugg buys your ugly house?
Post Number: 316
|Posted on Thursday, December 13, 2007 - 5:49 pm: || |
Who knows the reason but this is how I look at it: the dollar is plunging in value faster than a cinder block in the Detroit River.
Perhaps it is time to invest in hard assets. That's always what the rich do. Buy low sell high. Of course the risk is if one buys selling might be a real challenge.
Money shows are saying that rents are supposed to jump because so many people are getting out of owning a home. This does include the night mare of becoming a landlord.
I am looking at property now that I never would have considered a few years ago.
Post Number: 2372
|Posted on Thursday, December 13, 2007 - 5:55 pm: || |
^I'd stick my money into a more stable foreign currency...
Post Number: 617
|Posted on Thursday, December 13, 2007 - 6:00 pm: || |
The time to buy is when the blood is running in the streets.
http://www.esignalcentral.com/ exchange/10_2007/stock_watch.a sp
Post Number: 2252
|Posted on Thursday, December 13, 2007 - 9:00 pm: || |
I'd definitely like to see a breakdown on what the price points are that are selling, new vs. existing housing, etc. My guess is that there's a lot of rental stuff selling or condos selling on the Woodward corridor.
I live in Rosedale Park and the only houses for sale that are moving are the foreclosure houses at ridiculously low prices. Well maintained houses with families actually living in them have been on the market all year long with no action what so ever.