prosa
Topic Author
Posts: 5389
Joined: Sat Oct 27, 2001 3:24 am

I'm So Sorry I Missed This Sale (parody Ad)

Tue Jan 24, 2006 6:40 am

That popping sound you hear is not a champagne bottle, but the real estate bubble:

"Let me think about it" = the coward's way of saying "no"
 
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nighthawk
Posts: 4808
Joined: Sun Sep 16, 2001 2:33 am

RE: I'm So Sorry I Missed This Sale (parody Ad)

Tue Jan 24, 2006 6:42 am

lovely........ probably even better if the image worked........
 
redngold
Posts: 6673
Joined: Wed Mar 22, 2000 12:26 pm

RE: I'm So Sorry I Missed This Sale (parody Ad)

Tue Jan 24, 2006 7:37 am

Yeah, real estate bubbles are nasty... In 1986 there was a bubble in the Westchester County (NY) housing market... Prices were going up $30K a month. We just so happened to move during that time. Our $225K house dropped in value to $185K when the bubble burst a few months later... but wasn't reassessed for property taxes for nearly ten years.

Oh, and the same house at that time would have cost about $60K in the area from which we moved.


redngold
Up, up and away!
 
ltbewr
Posts: 12959
Joined: Thu Jan 29, 2004 1:24 pm

RE: I'm So Sorry I Missed This Sale (parody Ad)

Tue Jan 24, 2006 9:17 am

Redngold, that house would probably be worth $750-800,000 today. Bubble? not in the NYC area, especially on anything below $500K, although the upper end of the market is softining.

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