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South Florida Sun-Sentinel

Homeownership fair and expo in Boynton Beach

What a marketing disaster. Let's help people who barely understand the buying process, let alone the responsibilities of ownership, get into a home. Nice.  (Jun 26, 2009 | post #2)

South Florida Sun-Sentinel

Home sales: May home sales up in Broward, Palm Beach coun...

LOL. You also have to get wet if you're gonna drown too. But nobody wants to drown in mortgage debt!!  (Jun 24, 2009 | post #37)

South Florida Sun-Sentinel

Home sales: May home sales up in Broward, Palm Beach coun...

Exactly. And what's fueling the sales fire is the low priced stuff. People who are pricing their homes at over $100 per sq. ft. are gonna be sitting for a while. And for those knuckleheads trying to buy homes only to have the bank say they'll only loan so much-- it is well deserved treatment for an overpriced house. And to those complaining about the appraisal process, too bad so sad, the days of self-serving commissions are over.  (Jun 24, 2009 | post #35)

South Florida Sun-Sentinel

Home sales: May home sales up in Broward, Palm Beach coun...

Slightly disagree about the upper end homes yet to bust statement. There's some upper end homes that can be had for a good deal these days. Case in point: Forest Ridge has a monster 3000 sq. ft. house that was probably selling well over $500k on sale today for $279k. While that is still pricy by some standards, it works out to $80 per sq. ft., which is a pretty good deal, especially since homes cost $75-$95 per sq. ft. to build.  (Jun 24, 2009 | post #34)

South Florida Sun-Sentinel

Home sales: May home sales up in Broward, Palm Beach coun...

Not half-- realistically about 20%-30%...but its not his fault. He's just softening the blow for us. Bush's administration (Treasury & Fed) kept the interst rates too low for too long, and now we have HUGE government debt that no one wants to buy. To get them to buy the interest rates *must* go up, and when they do, prices will drop again.  (Jun 24, 2009 | post #33)

South Florida Sun-Sentinel

Homeowners seeking mortgage loan modifications facing a h...

While I may not know the specific circumstances of the other poster you just attacked, I can tell you that your attacks lend you no credibility. And I happen to be *well* educated.  (Jun 20, 2009 | post #42)

South Florida Sun-Sentinel

Homeowners seeking mortgage loan modifications facing a h...

Forget to take our meds today? There is nothing that anger will get you by sitting on the internet and doing nothing about it. If you've got guts, head to a dojo and duke it out with someone who can help you with that anger problem. The dude was just making a statement, no need to jump down his throat.  (Jun 20, 2009 | post #41)

South Florida Sun-Sentinel

Homeowners seeking mortgage loan modifications facing a h...

Apparently you missed the fact that the money has yet to be issued by the Treasury. Please stop spewing that partisan nonsense here, people are dumb enough to believe that Rush talk.  (Jun 20, 2009 | post #40)

South Florida Sun-Sentinel

Low appraisal: New rules lowering home appraisals

Oh, so now you're eating humble pie? You started this dialog by attacking me d|i|p|s|h|i|t-- or have you already forgotten?? And while we're on the subject, here's a tip: size of paycheck has NOTHING to do with saving 6 months, 1 year or 2 years of living expenses. If you make little money, then you spend a lot less. You should live within your means. Can't afford kids? Keep it in your pants. I grew up in Goulds-- worst ghetto in Miami, went to high school at Southridge, while crack was sold across the street daily, and when there we're even shootouts occasionally. Heck, on my LAST DAY OF SCHOOL, the day before graduation, my friends and I got caught in a shootout on South Beach (June 1994)-- we were even on Channel 7 news acting like a bunch of thugs. But you know what? Despite my mistakes and stupidity of youth, I came to recognize ABOVE ALL ELSE that nobody is to blame for my situation but me. And the day I realized that was the day I stopped pointing the finger at everybody else the way you've been doing it on these boards and started pointing it at myself. Now own up and stop picking an argument you evidently can't handle.  (Jun 18, 2009 | post #192)

South Florida Sun-Sentinel

mortgage rates: South Florida homes still moving despite ...

Sorry to tell you but that previous poster is right, and you are wrong. I also have student loans, a roof to put over my family's head (sole income provider) and children to feed-- but it doesn't mean I am free of those responsibilities just because I lose my job. And that's where savings comes in. I'm sorry you weren't raised the right way, but life's not fair, it's real. And if you want to "Scary" a jerk for giving you a dose of reality, then you should reap what you sow.  (Jun 17, 2009 | post #105)

South Florida Sun-Sentinel

mortgage rates: South Florida homes still moving despite ...

Sounds like you're trying to discredit me, and failing miserably. I don't live in fear, and happen to LOVE flyingNo kidding, did I say it was. Nope. I pointed out that those questions are relevant to the buying decision and you didn't consider any of them with your haphazard postWrong again. You must be a realtor spewing this ignorance. Please refer to the S&P Case-Shiller index for a complete history of US home prices since property values have been recorded and you will see that regular and cyclic up and downs occur on average every 20-25 years. Last one was in the late 80's/early 90's. This bubble was of epic proportions compared to others in our history-- and the fallout will be equally epicThen you are as ignorant as you seem. I actually bought GM shares at $0.94 last year and rode the wave to $3+ until I sold my shares. I made $16k off of that single transaction. And bonds are always too slow for me, thank you very muchCD's, 401k and a Scottrade account that I manually control at will. That said, my two biggest plays last year were the GM one I ref'd above, and the second was Wachovia (in at $1.10 and sold at $6.86 when Wells Fargo announced the buyout). I also made $10k on that transaction. When property values hit historical averages, then I'll move some money back to that and buy a home for myself. Until then, it makes no sense to buy now. And me, Mike Fink, A1A Chuck, Realist and many of the other regulars on this board will tell you the sameOf course it does! But what makes you think THIS is the bottom? Tell you what, I'll give you a freebie here, ready? If inflation is a growing threat, what with all the funny money the government has produced, then interest rates are set to go up very soon, right? Check. Now when those rates rise, and rise they shall, will incomes track them at a 1:1 ratio? No they won't. That means median income won't change much. Which means that people will only be able to afford roughly the same monthly payment. When more of that payment has to go to interest, how much will be left for principal? Hint: not much. And that will further depress prices as sellers cut price to get a sale in the face of high interest. So I ask... with interest rates at the lowest they have ever been, and only having one direction to go (up), what is the only logical direction for home prices to go in the face of rising interest rates? You guessed it: down.  (Jun 17, 2009 | post #104)

South Florida Sun-Sentinel

mortgage rates: South Florida homes still moving despite ...

These are wall street expressions.  (Jun 17, 2009 | post #103)

South Florida Sun-Sentinel

mortgage rates: South Florida homes still moving despite ...

While there is some truth to what you say, you make it sound like up cycles kick in overnight. This has NEVER happened in the history of the United States. Please review the S&P Case-Shiller index for verification. The up-curve has always been slow and gradual. Always.  (Jun 17, 2009 | post #102)

South Florida Sun-Sentinel

Low appraisal: New rules lowering home appraisals

I'm sorry, but wasn't it the conservatives that had control of Congress, the White house and the Justice Dept. during the runup and right up through the beginning of the bust (Jan 2001-Dec 2006)?? And what did they do about it? Oh yeah... nothing.  (Jun 17, 2009 | post #62)

South Florida Sun-Sentinel

Low appraisal: New rules lowering home appraisals

Well let's see. Did you buy in the last five years? Then bear the consequences of making a bad decision and continue to honor the agreement you made with your bank. Of if you lack morals, you can just bail.  (Jun 17, 2009 | post #61)