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Detroitman
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Username: Detroitman

Post Number: 1074
Registered: 06-2004
Posted on Thursday, December 13, 2007 - 2:35 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

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
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Spitty
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Username: Spitty

Post Number: 647
Registered: 07-2004
Posted on Thursday, December 13, 2007 - 2:39 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

Would those numbers include home sales where people buy foreclosed homes for pennies on the dollar? Or if Ugg buys your ugly house?
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Dhugger
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Username: Dhugger

Post Number: 316
Registered: 03-2005
Posted on Thursday, December 13, 2007 - 5:49 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.

Cheers
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Iheartthed
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Username: Iheartthed

Post Number: 2372
Registered: 04-2006
Posted on Thursday, December 13, 2007 - 5:55 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

^I'd stick my money into a more stable foreign currency...
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Neilr
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Username: Neilr

Post Number: 617
Registered: 06-2005
Posted on Thursday, December 13, 2007 - 6:00 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

quote:

The time to buy is when the blood is running in the streets.


Nathan Rothschild

http://www.esignalcentral.com/ exchange/10_2007/stock_watch.a sp
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Bvos
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Username: Bvos

Post Number: 2252
Registered: 10-2003
Posted on Thursday, December 13, 2007 - 9:00 pm: Edit PostDelete PostMove Post (Moderator/Admin Only)

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.

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