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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] "It's all about the bucks kid." -- Gordon Gekko Posted by JK (the other JK) on August 25, 2010 at 12:13 AM In Reply to: Are our buyers really going away? Gulp! posted by Alfred, SoCal on August 25, 2010 at 11:36 AM : Existing home sales plummeted in July. The August report will be the same or worse. The deflationary spiral is thinning out the buyers it appears. The government doesn't appear to be willing to put out tax credits again for home buyers, just loans to help them with their loan payments. Even with mortgage rates at all time lows and prices dropping the buyers are retreating. We were getting multiple offers on our properties a few months back. No longer. Are you experiencing this in your market too? I might have to consider going to other parts of the country if I want to continue to rehab/resell. Or shift gears into the right real estate activities that are prosperous in deflationary periods (not sure what they would be). EVERY property will sell at certain price. If you are trying to get 2005-6 prices, it's not going to happen. If you buy the property cheap enough you will be able to resell it for a profit, period. Follow Ups: Not with Greg bidding up the prices in OC! (nt) 2nd to Greg 3:18 PM, 08/25/10 (8) Re: Not with Greg bidding up the prices in OC! (nt) JK (the other JK) 5:34 PM, 08/25/10 (7) Not my point 2nd to Greg 7:11 PM, 08/25/10 (6) Let's Be Honest LazyMan 9:42 PM, 08/25/10 (5) Greg's no (RE) dork. Goober 6:43 AM, 08/26/10 (4) Re: Greg's no (RE) dork. Jessie 2:36 PM, 08/27/10 (0) Re: Greg's no (RE) dork. B 9:43 AM, 08/26/10 (2) Re: Greg's no (RE) dork. Goober 11:19 AM, 08/26/10 (0) Re: Greg's no (RE) dork. Goober 10:23 AM, 08/26/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Existing home sales plummeted in July. The August report will be the same or worse. The deflationary spiral is thinning out the buyers it appears. The government doesn't appear to be willing to put out tax credits again for home buyers, just loans to help them with their loan payments. Even with mortgage rates at all time lows and prices dropping the buyers are retreating. We were getting multiple offers on our properties a few months back. No longer. Are you experiencing this in your market too? I might have to consider going to other parts of the country if I want to continue to rehab/resell. Or shift gears into the right real estate activities that are prosperous in deflationary periods (not sure what they would be). : EVERY property will sell at certain price. If you are trying to get 2005-6 prices, it's not going to happen. If you buy the property cheap enough you will be able to resell it for a profit, period. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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