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Preview: Comments on: The Lull Comes After Blockbuster Years

Comments on: The Lull Comes After Blockbuster Years

Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.

Published: Sun, 19 Nov 2017 11:34:35 +0000


By: mw

Mon, 13 Aug 2007 16:34:35 +0000

If you think Arlington is one of the ugliest and dirtiest areas you've ever seen, you've obviously never seen Country Club Hills (where Al and Tipper Gore raised their children) or Lee Heights. I grew up in Fairfax and someday would like to live in North Arlington. Anyone with children prefers Fairfax and Loudoun because they have better schools. Alexandria has horrible schools. You have to go private if you live there. South Arlington has horrible schools. North Arlington has great schools, but any decent house (a 3 bdr, 2 bath starter home) now costs over $700k. People move out to Fairfax for bigger lots and good schools, and deal with the commute. If you don't want a commute, North Arlington is the only option for a Northern Virginian.

By: bubblehead

Mon, 13 Aug 2007 04:21:44 +0000

$100K thats cheap look at this one: == I'm astounded. I had no idea of high end piano prices!

By: cmhappyrenter

Mon, 13 Aug 2007 03:41:40 +0000

That was some of out thoughts as well, what the hell was he doing all day? I figured hanging out at Starbucks feeling important.

By: GH

Mon, 13 Aug 2007 00:32:16 +0000

Housing and basic needs used to be affordable in America to the majority of folks willing to work. Today it is not. Offshoring is most likely the biggest culprit. I am not suggesting subsidies or that anything be done at all, only pointing out things are not working, and will get progressively worse as time passes.

By: technovelist

Mon, 13 Aug 2007 00:09:03 +0000

There is no soft landing from a gigantic inflation. The ultimate result depends on whether they inflate enough to bail out all the overindebted borrowers. If they don't, there is a deflationary depression. If they do, there is a hyperinflation.

By: Paul in Jax

Sun, 12 Aug 2007 23:52:24 +0000

"Affordable" mean subsidies or price controls.

By: GH

Sun, 12 Aug 2007 23:35:40 +0000

It seems to me 700 is not that great of a credit score. I believe 720 is a national average. I doubt anyone should be getting zero down, even with a score of 800+.

By: GH

Sun, 12 Aug 2007 23:28:28 +0000

I am not suggesting this means free, but rather affordable. It does raise a good question about what to do with the ever increasing population of homeless in our cities though. Jobs that used to be available to those without education etc, are now handled cheaper by illegal labor. Some are mentally ill, others physically handicapped.

By: kuga428

Sun, 12 Aug 2007 22:29:40 +0000

I rent for $1585 a month. 1983 sq. feet, new condo. 3 bedrooms, 2 full baths and private garage. Designer kitchen and window treatments. The whole shebang. 10 miles from the office. Takes 20 to 25 minutes to get to office. Am I moving? Heck no. SFH in neighborhood next door has a rental available for $1650.

By: kuga428

Sun, 12 Aug 2007 22:21:01 +0000

There are times I get the impression that people who want to live close-in to DC think others want to do the same. I don't want to hang out after work. I and probably 4 million others in the metro area are settled with good lives in the suburbs. People move to Loudoun and Fairfax for very good reasons: excellent schools and recreation programs for young families plus the fact most don't want an urban life. Both counties are far more family-focused than the areas you mentioned. I can understand a younger person or couple who work in the District not wanting to live out, but many people could care less about that. People who want an urban lifestyle often will have it at any cost. If you polled most people in America and in Virginia, they don't want an urban lifestyle. Most Americans cringe at the thought of having to live in downtown environs. I work in Northern VA. Comparing to the areas where I have lived prior to moving here Arlington is one of the ugliest and dirtiest areas I have ever seen. Alexandria is cute (and horribly expensive) in some areas, but far too crowded and run-down. Ditto for the District. To presume that everyone wants to live close-in is a fallacy. Sure there are some who would have preferred to live in a run-down area of Arlington, but the prices there are some of the worst in the nation for what one gets. None of my neighbors want to live in Arlington or Alexandria. In fact one neighbor is a refugee from Arlington. She hated it. Every major city has bedroom communities. Large cities can't containe all the people required to sustain the businesses in the area. Corporations currently are moving to suburban areas because of taxes and space. I had rather commute (though I don't now) to work than live in a tiny overpriced dump. Different strokes for different folks. My prior statements still stand though. People here can keep their vinyl-sided McMansions. Those aren't worth a dime to me. I will rent for the duration.

By: skip

Sun, 12 Aug 2007 22:11:02 +0000

Some guy shows up to ask if he has work, and he hires the dude to run the whole flip. That guy was his next door neighbor...he hired him because he was spending "too much time" commuting to the jobsite everyday. WTF was he going to do the whole day?? No job...I think he just sat home and watched Oprah all day and congratulated himself and being soo smart!

By: Paul in Jax

Sun, 12 Aug 2007 21:30:00 +0000

A slowdown in the economy will result in more speeding tickets for two reasons: (1) revenue enhancement needed (2) less traffic and thus easier to apprehend