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View Diary: Housing Crisis, Potential Recession Loom Large in Battleground States (174 comments)

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  •  i live in harrisburg (6+ / 0-)

    and there are houses on every block for sale that I do my commute through, every day, twice a day, for the last 2 and a half years, a very nice yuppie neighborhood too so it ain't the ghetto.

    that sounds good right?

    These houses have been on the market since June.

    And there are at least ten that I pass, every day, that have been on the market since last November.

    And there's one that's been on the market since August 2005. I pass it every day, twice a day. Gorgeous home too. In fact, all of them are gorgeous homes.

    So, you kind of don't know what you're talking about.

    •  My Parents Did a Lateral Move This Summer (4+ / 0-)

      They moved from a 2 story house to a ranch because they care for my stepdad's 93 year old mother.  They looked at a couple dozen homes.  The one they bought was the only one that wasn't in foreclosure.

      In the Detroit area, one out of every 33 homes is in foreclosure.  

      The revolution will not be televised, but we'll analyze it to death at The Next Hurrah.

      by Dana Houle on Tue Nov 27, 2007 at 09:33:07 AM PST

      [ Parent ]

      •  foreclosures are up here too (0+ / 0-)

        I sort of feel bad for all the yuppies who invested in the neighborhood i mentioned above, but they got greedy, gambled, and they're going to lose.

        Now if they'd budge on the price they want (seriously, I'm not going to pay what they want in this market, i'm going to pay what I want and what I think is fair) then I suspect they could sell all of that property. But they won't budge, so it gets to sit.

        I forgot to add, about half of that stuff mentioned above is up for "Rent to Own" now.

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