FC Posted April 5, 2007 Report Share Posted April 5, 2007 We are having a hard time selling our house too Quote Link to comment Share on other sites More sharing options...
donmarkey Posted April 6, 2007 Report Share Posted April 6, 2007 I live in #1 and just happy that I'm working, alot of my fellow tradesmen aren't. Buy a car from one of the big 3 and keep me working. That what our whole economy revolves around here. -Don Quote Link to comment Share on other sites More sharing options...
Horsefly Posted April 6, 2007 Report Share Posted April 6, 2007 I bought a Chevy Tahoe yesterday Don.Glad I could help out! The Denton Texas economy hinges somewhat on the Peterbilt truck factory,and with 2 lay-offs already and probably another,it will be a buyers market for houses and used cars there.Jerry Quote Link to comment Share on other sites More sharing options...
karlunity Posted April 7, 2007 Report Share Posted April 7, 2007 FC. This was an old AF town and the AF officers had a network. They used to rent their homes to the next incoming officer. Perhaps the Army has the same thing? karl Quote Link to comment Share on other sites More sharing options...
z1r Posted April 7, 2007 Report Share Posted April 7, 2007 San Antonio used to be very much like that. You could buy a house with your housing allowance and then rent it if you got transfered. By the time you retired the house was darn near paid for. Quote Link to comment Share on other sites More sharing options...
flaco Posted April 7, 2007 Report Share Posted April 7, 2007 Seems to me this is a reflection of greedy mortgage brokers and loan officers, large profits to be made up front, and placing folks who really didn't qualify into homes that they, almost certainly, couldn't afford. The common opinion is that the crash of '29 was caused by too many buying stocks on margin, with no margin requirements. Up until recently, you could buy a house with no money down? Long live the fixed rate mortgage. flaco (No reflection on you, FC. I'm certain your financial judgment is good, and you have job security. It's just that the whole market is forced down by those who lack your judgment, and are forced to sell.) Quote Link to comment Share on other sites More sharing options...
FC Posted April 8, 2007 Author Report Share Posted April 8, 2007 I'll rent if I have to, but we'd rather not, since people don't take care of stuff like you would. There's a lot of rentals here too. I think a lot of it is that 1st Cavalry is in Iraq, 4th Inf. HQ is moving to Colorado, but some of it will stay here. 4th Inf. will go to Iraq again soon, and that means families move back home rather than stay here sometimes, plus a bit less numbers here, plus new construction. I still should make a profit, even if I have to come down yet more on the price. Quote Link to comment Share on other sites More sharing options...
z1r Posted April 8, 2007 Report Share Posted April 8, 2007 Colorado, Denver in particular has tons of houses in foreclosure. Almost all because people bought into houses with no money down. They have nothing to loose when they hit hard times so they abandon the houses. That wouldn't be the case if they'd had to put money into the house to buy it. Quote Link to comment Share on other sites More sharing options...
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