No recovery

There are 6 comments on the Baltimore Sun story from Nov 11, 2008, titled No recovery. In it, Baltimore Sun reports that:

Real estate agent Meg Christian says she was encouraged by the interest in this Catonsville home.

Join the discussion below, or Read more at Baltimore Sun.

WTF

Miami, FL

#1 Nov 11, 2008
Caption: "Real estate agent Meg Christian says she was encouraged by the interest in this Catonsville home" Can a real estate agent ever speak without LYING??? They can never admit NOW IS NOT THE TIME TO BUY??? They were a big part of the overpricing and never admitted that the inflated prices were not worth it!!! Both on the way up and the way down!!! Their eternal optimism is disgusting!!!!
buddym

Centreville, MD

#2 Nov 11, 2008
WTF, you are being too nice. All the real estate profiteirs have ruined the american dream for millions. Owning a home should be a realistic neccessity for everyone. The Greed of all the people that cut into the middle of real estate (realtors and real estate investors,speculators) are destroying the fabric of america.
Rob

Huntsville, AL

#3 Nov 11, 2008
We are only about B/2 way thru the price declines in baltimore. They are even more out of line to incomes than down townard DC in Bethesda.

That house that is listed for 424k should be around 300k to come in line with the incomes that will buy in that neighborhood.

Long way to go. Don't expect price increases till 2015-2020 as now people have to come up with 20% down. Even with 3.5% for an FHA loan people don't have the cash. Long way to go.
jeffro

Coats, NC

#4 Nov 11, 2008
We are without question heading into the next great depression. They will come down.
Baltimore

Webberville, MI

#5 Nov 11, 2008
Lower prices= home sale
higher prices don't
How hard can it be to get that??
WTF

Miami, FL

#6 Nov 11, 2008
Every house I bought I put 20% down and produced 3 years of tax returns both personally and for my business. Proving I could afford to pay back what I was borrowing. WHATEVER HAPPENED TO COMMON SENSE LENDING PRACTICES, Barney Frank???? And, by the way, real estate agents SUCK!!!

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