For the bubble folks add this to the list: Trump Strategies for Real Estate: Billionaire Lessons for the Small Investor Like Dow 36,000 and the Roaring 2000's......................
http://realtytimes.com/rtnews/rtcpages/20030307_futures.htm excerpts below .... - a $5 million federally funded experimental housing futures contract called Home Equity Protection Program (HEP) which is available only to qualified Syracuse, NY home owners and buyers.- -Participants must hold their home for at least three years.- -The maximum protection program participants can buy is 150 percent of the current assessed value of the property or $200,000, whichever is less.- -The pilot program will pay out only if the contract holder can demonstrate hardship, "such as loss of employment or serious illness" which forces the sale of the home. The program determines if the hardship is sufficient to warrant a pay out. Foreclosure is also excluded.- -There could be other unwritten exclusions.-
Thats the only part I don't like. Sounds too much like what Japan did to restrict people from selling during their RE run in the 80's. I know Fleck made a comment about RE going down in Japan but compairing anything with Japan is ridiculous.
Add this to the housing bubble : Win a date for 5 days with two women!! ---"We are starting the bidding at $15,000.00 because this auction is to help get us out of debt and that would pay all of the minimum dues on our bills, and get us out of foreclosure."
Midas, I live in lakewood ranch, have a realtor license and a ca law license. Any chance you would help get started doing what you doing around my neck of the woods. Affordable housing sells in nano seconds here. I had a 240,000 dollar listing that had 40 calls from realtors the first two days. And got an offer the first day. Obviously my first concern would be the price of the land and proximity to the 75, but I would be willing to go a little north south or east.
where might one get monthly historical long term median home prices for select cities/ countys / states for the last 20 yrs ? why is this data hard to come by compared to stock market data?
even W.B. must think R.E. is a bubble saw this on forbes site today -In 2003, the local assessor pegged its value at nearly $700,000. Buffett disagreed--he thought it was worth closer to $500,000. -