What is Digg?54 Comments
- Rhino2, on 03/30/2008, -0/+55STOP WITH THE GOD DAM SLIDE SHOWS ALREADY!
***** Christ. The internet has been around How Long? Are people having troubles clicking 'next' that you must automatically do it for them? Are people that lazy and stupid?
I think not! So stop with the ***** slide show *****. - jopjop, on 03/30/2008, -1/+381.Charlotte, NC
2. Raleigh, NC
3. Nashville, TN
4. Oklahoma City, OK
5. San Antonio, TX
6. Albuquerque, NM
7. Knoxville, TN
8. Seattle, WA
9. Indianapolis, IN
10. Washington-Arlington-Alexandria DC/VA - spinchange, on 03/30/2008, -4/+23Seeing your thumbnail, I thought maybe Bush was behind on the mortgage.
- edstate, on 03/30/2008, -3/+19Don't buy yet people! This is merely the first false bottom...
- pak314, on 03/30/2008, -0/+9Just look at the historical housing prices and tell me then you things will be back in balance.
http://mysite.verizon.net/vodkajim/housingbubble/s ... - freezervv, on 03/30/2008, -0/+7This is the Forbes crowd we're talking about, remember?
- inactive, on 03/30/2008, -3/+10Yay...another chance for the smart to exploit the dumb !
- lensman00, on 03/30/2008, -0/+7I watch the national housing market pretty closely, and the consensus among impartial analysts (i.e. those not connected to realtors, construction companies, or mortgage lenders) seems to be that there will be another 15% or so of correction, and the bottom should occur in about 18 months. YMMV.
I'm planning to take a chunk of retirement money and purchase with 25% to 50% down, in a beaten-down market. I'm perhaps four years from the opening of my purchase window and it looks like there will be plenty of areas to choose from. - inactive, on 03/30/2008, -1/+8It's still got a long way to go...
- pak314, on 03/30/2008, -0/+6According the the Yale professor who did the research, that is the same excuse that was used 100 years ago or so when there another housing boom in SF. Yet the market still corrected. Yeah thing are worth more now but you see decades where the market is flat.
- kylere, on 03/30/2008, -0/+5Thanks! Without this I would never have seen anything past closing the tab when I realized it was a slideshow.
- ScienceDoc, on 03/30/2008, -0/+5Slideshow. Buried.
- inactive, on 03/31/2008, -0/+5My moms basement will never foreclose.
- DrIce926, on 03/30/2008, -0/+5Thank you; we all appreciate that, I'm sure. I stopped reading when I found out I had to refresh the page and see all of those ads 10 times to understand the article. =(
- AmusedToDeath, on 03/31/2008, -1/+5Please go and immediately download Firefox and the AdBlock Plus extension. I didn't even see any ads.
- jggube, on 03/30/2008, -0/+4nah, he wants halfsies.
- davidlow, on 03/31/2008, -0/+4Automatic bury for putting each list item on a separate page. Please join me in my crusade.
- Look4Truth, on 03/30/2008, -0/+4CA had more foreclosures than home sales in February and there is a city there on the verge of bankruptcy. I expect both of those trends to continue and spread nation wide very soon.
http://www.bloomberg.com/apps/news?pid=newsarchive ... - sfrench, on 03/30/2008, -0/+3The houses here in CA still aren't bargains by any means. However, the central valley took a pretty big hit, and places like Sacramento are relatively good options these days if you're really wanting to own something in CA.
- shawnanigans, on 03/30/2008, -0/+3I'm surprised there is not Michigan or Arizona who have foreclosure percentages in the double digits. Seattle, given the boom in the Vancouver housing market could well become Vancattle or Seacouver when people paying $1,000,000 for property in the city learn this.
- Charlatan22, on 03/31/2008, -0/+3why stop at automatic forwarding, why couldnt they just stick it on 1 and eliminate next? they're d-bags, that's why.
- 0crabby0, on 03/30/2008, -0/+3"11. Atlanta, GA"
You don't have any water...lol - albertross, on 03/31/2008, -0/+2What if you could only buy if you were going to live there yourself?
- muckemuck, on 03/30/2008, -1/+3but.. if you want to customize a home you don't go buy a perfectly good one and then destroy good fixtures, carpet, etc.. buy a foreclosed one and then have fun fixing up and remodeling with the money you saved.
- muckemuck, on 03/30/2008, -0/+2They rated these places as great deals because unlike CA the home values in these locations are actually increasing.. so you can get a foreclosed home, fix it up, and it's (supposedly..) a decent investment.
- xgambetx, on 03/30/2008, -1/+3around what time do you want people to start buying houses again? at the end of this year?
- 0crabby0, on 03/30/2008, -1/+3It still hasn't hit bottom yet.
Commercial homebuilders and borrowers have 90 days to come up with the money, before building.
There hasn't been enough time for everything to shake out. - AmusedToDeath, on 03/31/2008, -1/+3I live in Nashville and it's a veritable boomtown. If you have a decent education you can probably find a good job here. And if you're willing to move to the burbs you can buy a mansion (literally) for the price of a 3-bedroom rancher in California. It's also a very safe, pleasant city to live in.
- GorfTron, on 03/30/2008, -0/+2Foreclosure homes are 99% trashed and the big savings may well go into fixing it. The word 'foreclosure' seems to make people feel like Donald Trump making the deal of the century.
- pak314, on 03/30/2008, -0/+1The problem with these cities is they have high labor costs especially with police and fire. Check ouf the City of Valejo. They have 292 employees making more than 100K a year. 30 of those make more than 200K a year. Remember that it is much cheaper to live in Vallejo compared to the South bay silicon valley area.
http://www.sfgate.com/webdb/vallejo/?appSession=50 ... - marklittle, on 03/30/2008, -1/+2Don't forget hud auctions: http://www.hudauctionwatch.com
There are places going in Detroit for as little as $5...really crappy places though - draftingtableX, on 03/30/2008, -1/+2Yeah but...who'd actually want to up and move to any of these places...just "because"? Maybe I don't get it. Still a false bottom FTL. Wait till the inventory is complete, and the speculation and price corrections have all calmed down.
- davidzet, on 03/30/2008, -1/+2You wanna see the SoCal market? Here's an example from my research http://www.kysq.org/pubs/remi_mar08.pdf [shows market at lowest in 8 years studied]
Not sure if April is going to be up or down, but foreclosures in Orange County are 25-40% of market (says my dad, RE agent in Mission Viejo) - ronintetsuro, on 03/31/2008, -0/+1Buying a foreclosed home will earn you all the karma you deserve.
- Look4Truth, on 03/30/2008, -1/+2Hehe, they tell us everything's ok then come out with articles like this. BUY BUY BUY!!! It's all one big buying opportunity! Lol...
- BESTenemy, on 03/31/2008, -1/+2In Vancouver many housing developments have been running scam operations. They collect money off the investors, pre-selling all of the apartments. They build the project that by the time of its completion is worth twice as much. The developer then refuses to give apartments to those that had bought them relying on fine print in the contract. The buyer has to either put up another sum to match the current market cost or withdraw. The developer sells the apartment to another client and pays off the first one out of the difference.
The developer starts off putting in zero of his own funds and walks away with enough money that would buy him another apartment complex.
Also, in light of 2010 winter Olympics Vancouver housing market got flooded with speculators. The standard bubble scheme runners. You take a mortgage out on minimum deposit, buy property, sell it a year later for double, pay off the mortgage and pump the profit into another series of mortgages. The only problem is that the houses are going from speculator to speculator with no actual tenants involved. Eventually the West Coast bubble will burst, but no sooner than in 2010 when the construction workers that had been brought in from all over the country for the venues construction start moving back home. - FlimBlimmer, on 03/31/2008, -0/+1Buried for forbes.com's slideshow crapulence.
- eryximachus, on 03/31/2008, -0/+1These slideshows are definitely far too common on digg.
- sanman, on 03/31/2008, -0/+1Now all we need is a Zillow.com or a Redfin.com for foreclosure or distress sale opportunities.
Imagine the killings that some people would be able to make in the marketplace.
I'm picturing a heat-map with lots of skull-and-crossbone symbols on it. - BetterOffEd, on 03/31/2008, -1/+2Been to Nashville many times, and I concur. Love your city. They could really use a better public transit system... Other than that, you almost can't lose.
- expatcatalyst, on 03/30/2008, -0/+1Yeah, I was wondering the same thing! The price of my house has gone down a little over $100,000 and I am seeing bunches of foreclosures happening here.
- Azuroth, on 03/31/2008, -0/+1Well, I bought a house in Indianapolis (#9) about 9 months ago for 44k. 1560 Sq. Ft., 3 br/2bath, with a 22x24 living room, on a 100% financing loan. Put 14k on credit fixing up various odds and ends, and just refinanced out at 80% of the new 95k value. I plan on using the extra to pay off my car, my wife's car, and make a negligible dent in my student loans. (Go Rose-Hulman!!!)
YMMV - mattmollysdad, on 03/30/2008, -1/+1what happened to CA? amazing how many signs r up everywhere.
- wjackson, on 03/30/2008, -1/+111. Atlanta, GA
- inactive, on 03/31/2008, -1/+1Waiting for a 1930s Dilapidated California Cottage with 1B 1Bath and no yard selling for $380,000 to be foreclosed...so I can laugh at the house flipping retard
- joeparrish5, on 03/31/2008, -0/+0Where's Massachusetts? The prices are still not rock bottom, but there is so much bank owned inventory that they will continue to drop. There is a lot of opportunity in foreclosure all around the country. Its important to educate yourself as best you can as well as surround yourself with experienced people before getting involved in any deal. With a good deal, you can be in and out with a profit within a few months or even weeks. A bad deal can take years to get out of. Check out our free database of Massachusetts bank owned, short sale and rehab properties. http://www.bankownedbrokers.com
- schmuckguy, on 07/25/2008, -0/+0Check out Solano County foreclosure listings at http://www.solanocountyforeclosure.com
- JRRivera, on 05/08/2008, -0/+0WTF?
Florida didn't even make the top 10??? I live here and we have plenty of foreclosure deals that are actually cash flowing. I thought we'd never see the day that rentals would be good again in Florida.
Check out how we make $$$ in foreclosures in Florida:
http://jonthansblog.wordpress.com/2008/04/05/is-th ... - ChanM, on 03/30/2008, -1/+1who would want to live in a ghost town located in Detriot?
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