Comments on: Too Many Houses, Not Enough People http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/ Sat, 11 Feb 2012 07:12:54 +0000 hourly 1 http://wordpress.org/?v= By: Olmstein http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11789 Olmstein Tue, 29 Apr 2008 04:47:34 +0000 http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11789 I drive a taxi in Scottsdale, and today I was in Paradise Valley a few times. I noticed many for sale signs. Seems like there were 2-3 on every block. I guess the mansions aren't selling any better than the McMansions. I drive a taxi in Scottsdale, and today I was in Paradise Valley a few times. I noticed many for sale signs. Seems like there were 2-3 on every block. I guess the mansions aren’t selling any better than the McMansions.

]]> By: surak http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11788 surak Mon, 28 Apr 2008 23:42:02 +0000 http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11788 Metro, You are right, that is why this area has been a retirement community. When prices went sky-high, this retirement area was not an option. Metro,

You are right, that is why this area has been a retirement community. When prices went sky-high, this retirement area was not an option.

]]> By: JimAtLaw http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11787 JimAtLaw Mon, 28 Apr 2008 20:53:35 +0000 http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11787 Quick, find someone who will sell you an abandoned house in one of those neighborhoods for $1000 and then go to the city for the grant money... I'm sure the homebuilders and other REIC clowns are all in favor of this plan. Get that inventory down, we don't want prices falling any further - blow 'em up if you have to! Quick, find someone who will sell you an abandoned house in one of those neighborhoods for $1000 and then go to the city for the grant money…

I’m sure the homebuilders and other REIC clowns are all in favor of this plan. Get that inventory down, we don’t want prices falling any further – blow ‘em up if you have to!

]]> By: twist http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11786 twist Mon, 28 Apr 2008 20:04:15 +0000 http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11786 The trouble I see in Phoenix is that there is plenty of housing closer in- and the prices are falling in closer areas as well. Not only are gas prices high, but the commute from Pinal County into Phoenix is awful. There are communities that at the rate they are going won't reach buildout in 20 years. The trouble I see in Phoenix is that there is plenty of housing closer in- and the prices are falling in closer areas as well.

Not only are gas prices high, but the commute from Pinal County into Phoenix is awful. There are communities that at the rate they are going won’t reach buildout in 20 years.

]]> By: metroplexual http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11785 metroplexual Mon, 28 Apr 2008 17:50:11 +0000 http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11785 Tobby, You are correct, No jobs to speak of. PHX at least has a nicer climate for 10 months of the year. Those long winters in OH are not very pleasant. Tobby,

You are correct, No jobs to speak of. PHX at least has a nicer climate for 10 months of the year. Those long winters in OH are not very pleasant.

]]> By: Tobby http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11784 Tobby Mon, 28 Apr 2008 17:00:46 +0000 http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11784 The problem in Yongstown et al is not the price of homes, its the lack of jobs. Housing is dirt cheap by most Northeast standards. Check out Realtor.com for the area and you can get a pretty decent house for a few $$. Of course you may only get a job paying $8 an hour too which is why so many have moved away. The problem in Yongstown et al is not the price of homes, its the lack of jobs. Housing is dirt cheap by most Northeast standards. Check out Realtor.com for the area and you can get a pretty decent house for a few $$. Of course you may only get a job paying $8 an hour too which is why so many have moved away.

]]> By: metroplexual http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11783 metroplexual Mon, 28 Apr 2008 14:22:20 +0000 http://housingdoom.com/2008/04/28/too-many-houses-not-enough-people/#comment-11783 Philadelphia did this years ago. It is wise to do if you have an older housing stock that will require renovation. To do it to new houses is criminal, but then again who is going to police these places? But then again if prices are reduced enough people looking for more affordable housing might just be lured from elsewhere in the US. Philadelphia did this years ago. It is wise to do if you have an older housing stock that will require renovation. To do it to new houses is criminal, but then again who is going to police these places? But then again if prices are reduced enough people looking for more affordable housing might just be lured from elsewhere in the US.

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