On May 7, 3:27 pm, Doobie Keebler <kooper...@[EMAIL PROTECTED]
> wrote:
> On May 7, 1:15 pm, Vide...@[EMAIL PROTECTED]
wrote:
>
> > is housing near its bottom? the financial parasites keep chanting it,
> > along with their **** sellers in the media, and of course the
> > indoctrinated chanters.
>
> I was in PHX on business a few weeks ago, and we saw 2 y/o condos in
> Scottsdale selling at $175k (down from $325k when new in 2006.)
>
> Many units on the market and many for more than 120 days. One
> developer offered zero down zero closing cost financing at 14-ish %
>
> I don't see a bottom yet.
Here in DC, most of the newer buildings planned to be sold as condos
are now "luxury rentals," because there's very little credit
available. Housing hasn't dropped a lot here yet, but it's just a
matter of time. The only reason it's help off this time is because the
area is made of money and most of it comes from cor****ate lawyers and
the government...
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