The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  • NOTICE! If you received MULTIPLE EMAILS from the forum today, please be advised that our monthly email system got caught in a loop and inadvertently might have sent you several emails. The problem has since been fixed and all Unsubscribe Requests will be processed within 24 hours.
  • It's back! As an INSIDER you can now SORT any thread by LIKES. See this post for more info.
  • Join 50,000+ entrepreneurs who are earning their freedom and living their dream.

    "Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.

    Download (Unscripted) Download (Millionaire Fastlane) Register
    Registering for the forum removes this block.

REAL ESTATE This makes no sense to me, why is market now going down more?

snowbank

Platinum Contributor
Speedway Pass
Aug 10, 2007
1,381
2,994
775
Austin, TX

Runum

Platinum Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Aug 8, 2007
5,993
4,401
1,788
DFW
Isn't the decline in the valuation of the properties due to unrealistic current valuations and also due to unsustainable growth in valuation numbers? I know that the home I occupy would be worth 2-3 times its value if it were in the LA area. To me those house prices are insane when compared to household income. I would think that most of the price run up in California and Florida was due to expected increase in valuations(speculation) so the buyers could flip them or get a HELOC.

In the rust belt areas the problem is layoffs. There are less people to buy more properties. Less demand, more supply. :cheers:

Greg
 
OP
OP
S

snowbank

Platinum Contributor
Speedway Pass
Aug 10, 2007
1,381
2,994
775
Austin, TX
Isn't the decline in the valuation of the properties due to unrealistic current valuations and also due to unsustainable growth in valuation numbers? I know that the home I occupy would be worth 2-3 times its value if it were in the LA area. To me those house prices are insane when compared to household income. I would think that most of the price run up in California and Florida was due to expected increase in valuations(speculation) so the buyers could flip them or get a HELOC.

In the rust belt areas the problem is layoffs. There are less people to buy more properties. Less demand, more supply. :cheers:

Greg
Ya, maybe it's just weird timing with a big article that everything is going down.

3/4ths of the nation though? still surprised.
 
Oct 4, 2007
12
0
9
41
people cannot not afford these home the value of these homes are well over what people can afford and then you have to remember that people are not paying the 20% down payment now a day so that make the mortage more so if you really thing about it it really has nothing to do with the intrest rates that just my thought
 

JesseO

Contributor
Jul 25, 2007
548
31
33
Phoenix, AZ
Exactly what was said: they are being more careful with their money now that the idiot companies have lost all their money. Loan requirements are being tightened and down payments are being raised...it's not a bad thing =)
 

yellowpad

PARKED
Oct 3, 2007
30
0
10
47
Orange County, CA
When talking about loan guidelines, it was so easy at one time that you can get alone if you are alive. Now thing have changed a bit........you have to be alive with 10% down on a purchase :)
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.


Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom