buying a house

“I learned this on the tour of country music singers homes- land in brentwood is $1 mil acre!”

“Great news Ewk! Congratulations.
Pictures? And you'd better give us all your new address so we'll know where to find you or send you presents too. ;)
last edited: 8/10/05 7:34:22 AM”

“Congratulations Ewker, VERY cute house. You've come a long way baby!

I had an offer accepted last night on a 1902 house in Woodstock, IL. Moving in 9/7 (pending inspection etc. (lots of room for guests, a train ride to the city, close to the Wisconsin border and not to far from the ferry across to MI)”

“Congrats to both Ewker and dhutch!”

“Congratulations, Ewker :)

That front porch of yours looks just big enough for a porch swing!”

“Kegger at Ewks place!!!”

“dh, lots of room for a party since it is a double lot. A fire ring in the backyard plus a tree house for when I want a bag nite.

congrats on the new house dhutch. I will have to get up that way and check it out.”

“fire ring eh'? Pig roast AND kegger. Even better.”

“I want a fire ring!

Ewk. First we'll have a house warming at your house, then adventurists, then mine. Ooops, let's just get together for a housewarming hike instead. All new homeowners (and anyone who wants to help celebrate). Once we're all settled and "mostly unpacked" :-)”

“closing myself this Friday at 3:00 PM. Can't wait for the 'Warm Up the House with Homebrew' partay in a few weeks :)”

“Hey toph, congrats on your new house. Damn lots of TT'ers buying homes right now. Got to get them b4 the rates go which they did. Glad I was locked in already”

“Good Deal Ewker...... I have a full time job working for the State of Virginia but also buy and sell homes and have 10 rental homes. A home is a good investment, don't worry about the bubble junk. You will not loose with your new home.”

“When have I heard that before?”

“How are all the houses doing? Hope all is progressing according to your plans!”

“Actually, we close in 3 hours.
last edited: 8/12/05 2:50:42 PM”

“Make sure you take at least 2 pens with you . You are liable to run out of ink in the first one.”

“Yeah for you Adventurist!”

“LOL @ WK

Congrats Mr. A.”

“Wouldn't it be fun to wait till everything is signed and than throw all the papers in the air?

Thanks for the well wishes.

Let's see.... 4 bedroom house and less than 45 mins to Rocky Mtn National Park.... will anyone visit?”

“House inspection took place yesterday. He found some things that need to be fixed. Luckily it is in the contract for them to fix it or pay me money to have it fixed.
Birch come on down for some electrical work ;)”

“Let's see.... 4 bedroom house and less than 45 mins to Rocky Mtn National Park.... will anyone visit?�
Adventurist
4:26:34 PM
8/12/05
ignore this user

Visit? I'm moving in. Which room is mine?
lol”

“The coat closet. It has a secret portal to another world. Shhhh.”

“I promise I will visit.

Good luck!”

“

(couldn't resist)”

“congrats ewker on your place!!!”

“

http://www.washingtonmonthly.com/archives/individual/2005_09/007063.php”

“It looks like there is a dip each July. The price drop doesn't look that significant compared to the previous July.

Still, it bears watching.”

“The housing market may get even hotter with the hurricane. There is going to be a pull to build new homes that is going to be a drain on building materials and an already hot market for new homes. I think this housing bubble is pretty big now and isn't going down anytime soon. In fact, I think it's going to get totally insane in the next two years. When it pops it will pop HARD.

Just my .02 worth. Don't ever invest money based on my advice.”

“Material prices are sure to go up. That has only been a very small part of the rise in prices around here - most of the increase has been in the land.”

“Poor displaced folks without jobs don't buy houses.

I'd hazard to guess most of the construction will be re-construction.

Buy stock in Home Depot.”

“[...]
Executives and directors at many of the nation's largest development companies sold stock at a record pace this summer. Insiders at the 10 largest home builders by market value, including D. R. Horton, KB Home, Toll Brothers and M.D.C. Holdings, have sold nearly 11 million shares, worth $952 million, so far this year. That is a huge jump from the 6.8 million shares, worth $658 million, that insiders sold during all of last year, according to data compiled by Thomson Financial.

Market specialists often view heavy stock sales by corporate insiders as a possible indicator that share prices are headed lower. Some analysts say that the share sales by home builders are reminiscent of the heavy dumping of stock by technology company executives just before the technology bubble burst in 2000. For that reason, the staggering level of insider sales has analysts and investors wondering if home builders see something menacing on the horizon, like a cooling of the real estate market.

Home builders say the stock sales are not a signal that they believe the property boom is waning. Instead, most executives said that they were selling because they needed to diversify their personal wealth. Some outsiders are not so sure.

"The previous times we've had insider selling that was that high, it was followed by a 20 percent decline in the index of home builder stocks," said Mark A. LoPresti, senior quantitative analyst with Thomson Financial. Since its July 28 peak, the Philadelphia Stock Exchange Housing Sector Index, an index of 21 home building stocks, has dipped 10 percent.
[...]

http://www.nytimes.com/2005/10/04/business/04builders.html?ei=5090&en=7d2a34f061a179c9&ex=1286078400&partner=rssuserland&emc=rss&pagewanted=print”

“"A home is a good investment, don't worry about the bubble junk. You will not loose with your new home.”
refrigerator
6:31:01 AM
8/11/05


--------------------------------------------

“When have I heard that before?”
VioLiN
10:38:11 AM
8/11/05

Home prices falling with buyer confidence

The National Association of Realtors said yesterday that, for the first time in 11 years, the median price of a home sold in the United States fell year-over-year in August, as waning buyer confidence continued to take its toll on the real estate market.

And the Realtors group predicts the decline in home prices will continue for the rest of the year.

The median price of a home sold in August now stands at $225,000, 1.7 percent below the August 2005 figure of $229,00. Here in the Northeast, the median price for a home sold in August declined a much steeper 3.9 percent to $271,000.
[...]
Although decline in prices outlined yesterday is considered modest, it is the first such drop since April 1995, and the second-largest one in the 38-year history of the Realtors survey.

The biggest year-over-year drop was the record 2.1 percent decline recorded in November 1990, when the nation was in the throes of a recession.

http://www.nj.com/printer/printer.ssf?/base/business-4/1159249184224510.xml”

“YAY...AMERICAN ECONOMY IS SUCKING AMERICA IS SUCKING ....ignore the good news..if it is bad for America it is good for us. We need bad so we can look better....(LOL)
You go Rev SHARE THE PAIN...is on the march.”

“If this trend continues, maybe I'll be able to afford a house at some point.”

“I 'magine you could afford one right now in Millinocket, zac - my grandkids are always saying how lucky people are to live there.

:)”

“Note that mine was not a political post XL.

Snap out of it please.”

“LOL..yeah..whatever....and "I did not have sex with that woman, Ms. Lewinski."

Good Lord even your lies are pathetic.”

“I 'magine you could afford one right now in Millinocket, zac - my grandkids are always saying how lucky people are to live there.

:)”
twigeater
2:59:39 PM
9/28/06
You're just looking for someone's house to crash at when you make your trips up to Baxter.”

““Note that mine was not a political post XL.

Snap out of it please.”
Reverend Truth V Wicked
2:06:38 PM
9/28/06


LOL
With a name like Reverend Truth V Wicked all of your posts are political.
[VBG]”

“absolutely zac!”

“Zac - the Appalachian Trail Lodge was for sale last fall at a pretty reasonable price. Buy it and everyone will have a place to stay.”

“Jeez XL do you look for Liberals under your bed when you go to sleep at night?
For your information, Clinton's lack of action did not cause the Japanese to attack Pearl Harbor!


Anyway, back to this non-fuego thread, Prices went up again in the West.”

“I wonder if the babelicious twiggy is ever going to invite me up Baxter, since all her trips are private now. :-(”

“Jeez XL do you look for Liberals under your bed when you go to sleep at night?
For your information, Clinton's lack of action did not cause the Japanese to attack Pearl Harbor!

Right you are that was becuase Roosevelt's crowd never addressed the problem (remember we were hit in Hawaii and the Phillipeans forces were still not on alert the next day?”

“If you put two users on ignore, this is a thread about housing (as the title would suggest).”

“LOL..but not half the fun.

I love the predictions for gloom and doom from your side. Yeah we were going to have $5.00 a gallon Gas by November...LOL...”

“I was hoping for $5.00 gas! Stock would have been worth a fortune!”

“Hey the prop values went down in one area near the lake a year or so ago...and I got some property that has doubled in price.”

“Good deal! You building on that?”

“Prices in my neighborhood are up up up - but that may be slowing down some over the winter - lots of near repo homes on teh market and sellers coming to closings with large checks in hand.”