Has the housing market hit rock bottom?

[Jobu]

It has in Detroit (and that's saying a lot):  http://www.foxbusiness.com/story/markets/economy/house-sells-dollar/

Make sure you read the last paragraph. 

[NAKID]

Wow....

[IZ]

I'm from MI.   I'm always paying attention to things back home since the family is still there.  It's a sad situation.  

Although..I did see that Ohio and it's economy is worse than MI.  yikes!  

It seems like I heard there were about 25K abandoned and condemned homes in Detroit.  That's not the correct number but it was staggering to say the least!  



That link is sad!!

[Ducatista]

My buddy's gutters were stolen 2 years ago.  Yep, they were copper.  It's pretty common, especially since China's demand for copper has driven prices so high.

[IZ]

My buddy's gutters were stolen 2 years ago.  Yep, they were copper.  It's pretty common, especially since China's demand for copper has driven prices so high.

Oh yeah.  My bro and my mom's b/f both work in construction.  Anything with copper has to be locked in a friggen vault!!   

[NAKID]

Oh yeah.  My bro and my mom's b/f both work in construction.  Anything with copper has to be locked in a friggen vault!!   

Tell me about it! My brother is a security guard and half the properties he guards are in the middle of contruction. He's keeping the looters away. Freakin meth-freaks...

[IZ]

Tell me about it! My brother is a security guard and half the properties he guards are in the middle of contruction. He's keeping the looters away. Freakin meth-freaks...

We have construction across the street.  The s/o was asking why they hang their ladders and other machinery from the cranes??  Then she said it couldn't be safe.       I just pat her on the head.

[Jobu]

Oh yeah.  My bro and my mom's b/f both work in construction.  Anything with copper has to be locked in a friggen vault!!   

My Mom sales real estate and does property management.  In one of her properties, the people moved out and stole all the wiring out of the walls. 

[IZ]

My Mom sales real estate and does property management.  In one of her properties, the people moved out and stole all the wiring out of the walls. 

LOL..I've heard that too!!  Crazy!! 


We have a development in the area with BEAUTIFUL Tuscan style homes.  The guys in Austin warned me about the builder..all kinds of lawsuits from this development (drainage issues, etc).  Anyway, we wandered in there by accident a few weeks ago and caught a couple guys stealing stuff from the houses in broad daylight.   

[Jobu]

LOL..I've heard that too!!  Crazy!! 


We have a development in the area with BEAUTIFUL Tuscan style homes.  The guys in Austin warned me about the builder..all kinds of lawsuits from this development (drainage issues, etc).  Anyway, we wandered in there by accident a few weeks ago and caught a couple guys stealing stuff from the houses in broad daylight.   

People have stolen stuff from job sites forever, but it is getting out of control with the struggling economy.  People will do anything for a dollar.

My Dad's a builder and has had plenty of things stolen and caught some as well.  The best was when he caught someone stealing and asked them what they were doing.  They said, "Oh, just getting some stuff.  The builder said I could come by and get it."     He's like, "Oh, I did, I must've forgot about that."  They were just stealing scraps though, so he just told them to leave and if he caught them again they wouldn't like it.

And a lot of the time, stealing in broad daylight is easier because people are either at work or think you're suppose to be there.

[IZ]

And a lot of the time, stealing in broad daylight is easier because people are either at work or think you're suppose to be there.

Yeah..and if you look cool and noncholant about it..you can also get into cars and walk into peoples homes!   




Didn't that just happen to someone??
BP

[c_rex]

saw on the Canadian Broadcasting Channel tonight that sales of properties in Vancouver, BC are down 37% from same time last year, though prices are only down by 5%.  Wanna make a quick kill buy a property there- keep it for 6 months and then sell it as hype for the 2010 Winter Olympics gears up.   

[Grampa]

Yeah..and if you look cool and noncholant about it..you can also get into cars and walk into peoples homes!   




Didn't that just happen to someone??
BP

nail filled pm sent 

[IZ]

My wife is still on the realtor email lists.  She just got this earlier today: 


BUILDER CLOSEOUT SPECIALS
100% Down Payment Assistance Financing Available
Up to $31,000 commission and $498,000 off of Former Model!

Completed Move-in-Ready Homes (close in 30 days or less)   
Community          Lot     City                 Phone            S.F.    Plan      MLS #        Price
HIDDEN CANYON   17    Queen Creek  480-888-9650   1351   303A    2890017    $117,990 
HIDDEN CANYON   71    Queen Creek  480-888-9650   1351   303B    2867667    $119,990 
HIDDEN CANYON 128 Queen Creek  480-888-9650 1351 303B 2806316 $114,990 
HIDDEN CANYON 140 Queen Creek  480-888-9650 1351 303B 2849543   $119,990 
MARBELLA 32 Maricopa  480-888-9650 1448 304C 2982051   $119,990 
MARBELLA 34 Maricopa  480-888-9650 1047 301A 3032563   $102,455 
SUNDERO 4 Sun City West  602-809-5252 3699 465A 2881406 $309,990 
SUNDERO  45 Sun City West 602-809-5252 2308 462B 3009566 $239,990 
SUN GROVES 154 Chandler 480-279-4450 1521 382C 2905470 $219,990 
VALENCIA 13 Maricopa  480-888-9650 2685 456D 2917332   $179,990 
       
Completed Move-in-Ready Luxury Homes (close 30 days or less)   
Community Lot City Phone S.F. Plan MLS # Price
SAN TAN ESTATES 20 Queen Creek 480-888-9650 4284 654A 2821663 $379,990 
SAN TAN ESTATES 32 Queen Creek  480-888-9650 4284 654C 2949486   $449,990 
SAN TAN ESTATES 35 Queen Creek  480-888-9650 3240 652B 3011739 $574,990 
SAN TAN ESTATES 36 Queen Creek 480-888-9650 4284 654C 3012752   $599,990 
TONTO 19 Mesa 602-809-5252 3920 852A 4003962 $849,990 
       
Homes Ready to Move In Soon 
Community Lot City Phone S.F. Plan MLS # Price
MARBELLA 22 Maricopa  480-888-9650 1047 301A 3009159   $102,243 
MARBELLA 57 Maricopa  480-888-9650 1351 303A 3013328 $116,613
MARBELLA 58 Maricopa  480-888-9650 1203 302A 4009644 $114,233
PECOS MANOR  203 Gilbert  480-279-4450 3071 207C 3032400   $269,990 
VALENCIA 67 Maricopa  480-888-9650 2142 454B 3009603 $149,900
BARCELONA 4 Maricopa  480-888-9650 1674 353B 2979586 $133,900
BARCELONA 28 Maricopa  480-888-9650 1674 353C 2971012 $129,900
SUN GROVES 97 Chandler  480-279-4450 2335 384A 3034254   $244,297 
SAN TAN HEIGHTS 102 Queen Creek 480-888-9650 2685 456B 3026238   $199,990 


Pretty sad when you see prices this low back there!!  2 years ago..similar homes were selling for nearly double the price!!

[mossimo]

....Boards that were used to board up the windows were also stolen and used to board up a house down the street, according to The Detroit News.

Classic!