Comments on: The Sinking of the Subprime Titanic http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/ Sun, 05 Feb 2012 12:30:33 +0000 http://wordpress.org/?v=2.2.2 By: Chuck http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-296 Chuck Mon, 21 Jan 2008 04:44:57 +0000 http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-296 Just wait until we hit a recession! The job market and other sectors (outside of housing) will fall and then home prices with plummet even lower than what they are selling for today. Just wait until we hit a recession! The job market and other sectors (outside of housing) will fall and then home prices with plummet even lower than what they are selling for today.

]]> By: Helen http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-295 Helen Mon, 21 Jan 2008 03:45:22 +0000 http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-295 According to today's Press Democrat, there has been an 18 month price decline in Sonoma County with December being the worst month and median prices going from $620,000 to $465,000 between March 2005 and January 2007. They say that the decline will most likely continue until 2010, so the bottom is still a way off and we have more declining ahead of us. According to today’s Press Democrat, there has been an 18 month price decline in Sonoma County with December being the worst month and median prices going from $620,000 to $465,000 between March 2005 and January 2007.

They say that the decline will most likely continue until 2010, so the bottom is still a way off and we have more declining ahead of us.

]]> By: Bill http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-259 Bill Thu, 17 Jan 2008 00:32:23 +0000 http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-259 So for how much longer will houses continue to decline in price? So for how much longer will houses continue to decline in price?

]]> By: rick http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-238 rick Sun, 13 Jan 2008 22:14:11 +0000 http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-238 Housing prices have continued to fall and lenders are getting tighter so people can't borrow ridiculous amounts of money to pay ridiculous amounts on homes. We haven't seen the latest yet. Prices will continue to fall for the next two years. Housing prices have continued to fall and lenders are getting tighter so people can’t borrow ridiculous amounts of money to pay ridiculous amounts on homes. We haven’t seen the latest yet. Prices will continue to fall for the next two years.

]]> By: Andrew http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-170 Andrew Sat, 05 Jan 2008 14:07:38 +0000 http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-170 What happened is common economics: what goes up, must come down. People got ridiculous with their loans and borrowed way too much money, driving up housing prices which came crashing down recently. Now these people are broke and can't get these insane loans which is causing housing prices to take a dive across the board. What happened is common economics: what goes up, must come down.

People got ridiculous with their loans and borrowed way too much money, driving up housing prices which came crashing down recently. Now these people are broke and can’t get these insane loans which is causing housing prices to take a dive across the board.

]]> By: Veronica http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-139 Veronica Tue, 01 Jan 2008 05:38:08 +0000 http://www.expandmywealth.com/2007/11/29/the-sinking-of-the-subprime-titanic/#comment-139 I live in an older, garden-style, one-bedroom condo that was updated before I purchased it in 2004 for $425K, right now my neighbors can't even sell their place for $299K so I am screwed, that's at least a hundred and fifty grand down the drain. It was the worse thing in the world for me. I can't move now. I can't sell. It will rent for $1200, but my payments are $2800, so I will be losing alot if I rent it. I live in an older, garden-style, one-bedroom condo that was updated before I purchased it in 2004 for $425K, right now my neighbors can’t even sell their place for $299K so I am screwed, that’s at least a hundred and fifty grand down the drain. It was the worse thing in the world for me. I can’t move now. I can’t sell. It will rent for $1200, but my payments are $2800, so I will be losing alot if I rent it.

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