Over building overwhelmed demand with Excess supply;. Last, and perhaps most important, people pay for Homes with income from jobs. If over the next few years, we continue to see a sub-par recovery, with job creation lagging, ... That means lots of demand for smaller homes and condos, falling demands for six bedroom mcmansions, which will translate into a housing glut. Add to that the excess supply from overbuilding in the last decade and you have a recipe for a long bad ... Publisher - One Utah Creator - unknown Date - Wed, 08 Sep 2010 23:03:38 GMT

NYT: The Housing Bear Case | The Big Picture

Houses and cars have very similar attributes in that regard, much as clothes once did before people started wearing sheet metal to impress. They are a bit of each. Staples in the sense that everyone needs them. Luxuries in the sense that distinctions among them .... And as a final anecdote, I have another friend who “owns” a condo just down the road from the house I just sold (so in a healthier – that's a relative term – part of the market). He's easily 100% if not a more ... Publisher - The Big Picture Creator - Barry Ritholtz Date - Wed, 08 Sep 2010 11:19:03 GMT

The Fed reads the papers too–and this week's plunge in home sales ...

we can't even give away homes. Way overbuilt. In 2005, we had people with reservations on over 20 condos for their “portfolios”. And the builders kept on building; by the time they required for the units to be owner occupied, ..... As to the political debate, can someone explain to me how 1. policy pushing housing prices sky high, causing high cost of living, 2. created an environment where labor had to be too expensive by necessity, 3. which pushes jobs to lower cost ... Publisher - Jubak Picks Creator - Jim Jubak Date - Fri, 27 Aug 2010 19:37:09 GMT

Big deals for condos all around Gainesville and Florida ...

With just one new condo project built in Gainesville in the past two years, Leighton sees a silver lining in that the inventory of new units available is very low, which will help their resale value. Thomas represents Creeks Edge on ... To the south, the Orlando area has seen the steepest discounts in the state after what Realtor Kathleen Gallagher McIver called a "feeding frenzy" of investment flipping in all aspects of the market - homes, condos and vacant land. ... Publisher - Local News from The Gainesville Sun Creator - By Anthony Clark Staff writer Date - Sun, 29 Aug 2010 21:42:30 GMT

Buyers market in Gainesville for condos | Gainesville.com

With just one new condo project built in Gainesville in the past two years, Leighton sees a silver lining in that the inventory of new units available is very low, which will help their resale value. ... To the south, the Orlando area has seen the steepest discounts in the state after what Realtor Kathleen Gallagher McIver called a "feeding frenzy" of investment flipping in all aspects of the market -- homes, condos and vacant land. The market now has "huge amounts" of ... Publisher - Local News from The Gainesville Sun Creator - By Anthony Clark Business editor Date - Sat, 28 Aug 2010 21:21:41 GMT

The spirited things Vancouverites say about house prices - Taxing ...

Loris: In my humble opinion I think why it is so expensive here is people's attitude towards their homes. People on the East coast view there houses as homes and live in them for life. Here people view their houses as investments, not homes . ... [In] the stark contrast with Vancouver, $1.0M buys mansions in the US, but in Vancouver it is a very mediocre home. See for example, the brand new luxury hi-rise 2 bedroom, 2.5 bath condo in NY for $1.0M, 1350 sq.ft. ... Publisher - Taxing Issues Creator - Don Cayo Date - Tue, 24 Aug 2010 21:15:00 GMT

Developer want to replace tire store with $300 million project on ...

It's too expensive for enough regular people to live here and be able to afford to party, at least out on the town. Sure, there are other legacies such as the Puritans and the related phenomenon of Boston being one of the most segregated big cities in ...... There are houses in my neighborhood for under $400K (also many over that too) and lots and lots of condos for less. Join the migration to Roslindale. You won't regret it (unless you enjoy loud noise or hate children). ... Publisher - Universal Hub Creator - adamg Date - Wed, 04 Aug 2010 22:46:04 GMT

Uk Vs Us Why So Different? - House Price Crash forum

Of course, the Americans also over-built more than us. Sure, we built blocks of "luxury" flats. In America they built McMansions - ever bigger houses, selling for more and more with debt trivial to get. American houses have gottens so .... If you walk away from a house debt your free, the bank holds the debt as it is tied to the house not you. Interest rates in the US went higher quicker, and property prices halved as new mortgage deals got very very expensive overnight ... Publisher - Latest Topics Creator - unknown Date - Tue, 31 Aug 2010 12:57:41 GMT

Short Sales 101 » Miami Condos, real estate, Miami Condos Blog ...

Also remember I didn't pay much for my condo at infinity, my condo was 100K less then what I sold my last house for in another state – a state that had very cheap housing. —–> but to anwser your question, yes I had some money when I came to ..... No one is denying that they OVERBUILT condos and created too much supply. This has nothing to do with the wealth of an area. If Lamborghini decided to triple their production I'm sure they would have a lot more vehicles unsold at ... Publisher - Miami Condos Investments Creator - Lucas Lechuga Date - Wed, 04 Aug 2010 18:15:55 GMT

Market Conditions: Is Chicago the Worst Condo Market in the Nation?

Chicago overbuilt… simple as that. Way too many high rises claiming to be “luxury” condo buildings. I do expect a few of them to go back to being rentals - American Invsco. Working on a deal in Museum Park. One of the towers is 40% rental! .... We moved back into the Chicago market after selling our house in out of state at a small loss last spring. So far there is no compassion between renting and buying a condo in our 'hood (E. Rogers Park.). ... Publisher - Crib Chatter Creator - Sabrina Date - Fri, 28 May 2010 10:13:58 GMT