Jim in Orlando's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/158156/comments http://seekingalpha.com/article/66819-homeowners-feel-the-pain-of-over-improvement-syndrome?source=feed#comment-121983 121983
Back in 2002 I bought a nice house, corian counters, older kitchen, etc. A neighboring agent warned me back then don't over-improve, as it was a small home for the neighborhood and was valued properly. I sold that house in 2006 due to job change; it was 6 months on the market and I sold basically for what I paid plus some minor upgrades I had completed. The new owners however immediately invested $200K in marble floors, granite kitchen, and new bathrooms - now the house is back on the market for $225K more than they paid me and I don't see how the market can support that price!

But wszwarc writes "the housing downturn completes its cycle later this year" - I don't see that at all. We are just beginning the downturn and property owners are still in the denial phase. Long long way to go here.]]> Tue, 04 Mar 2008 12:10:13 -0500
Back in 2002 I bought a nice house, corian counters, older kitchen, etc. A neighboring agent warned me back then don't over-improve, as it was a small home for the neighborhood and was valued properly. I sold that house in 2006 due to job change; it was 6 months on the market and I sold basically for what I paid plus some minor upgrades I had completed. The new owners however immediately invested $200K in marble floors, granite kitchen, and new bathrooms - now the house is back on the market for $225K more than they paid me and I don't see how the market can support that price!

But wszwarc writes "the housing downturn completes its cycle later this year" - I don't see that at all. We are just beginning the downturn and property owners are still in the denial phase. Long long way to go here.]]> http://seekingalpha.com/article/66391-housing-prices-are-still-headed-down?source=feed#comment-120074 120074
Yeah, they're not making any more land... wait a minute, don't realtors say that a lot... you wouldn't be... nah!

Ah ha - you hit the nail right on the head man - PRICES HAVE TO DECLINE 35% or 40%. I salute you!

If the buying public wasn't so stupid and gullible they wouldn't have fallen for this ponzi scheme in the first place!]]> Thu, 28 Feb 2008 07:46:29 -0500
Yeah, they're not making any more land... wait a minute, don't realtors say that a lot... you wouldn't be... nah!

Ah ha - you hit the nail right on the head man - PRICES HAVE TO DECLINE 35% or 40%. I salute you!

If the buying public wasn't so stupid and gullible they wouldn't have fallen for this ponzi scheme in the first place!]]>