Faustian Posted December 23, 2008 Report Share Posted December 23, 2008 Amazing! Houses in the UK, despite the huge fall in prices, are so much more expensive. The UK continues to be incredibly expensive, even now. Link to comment Share on other sites More sharing options...
teddy Posted December 23, 2008 Report Share Posted December 23, 2008 What I can't understand is that it would cost around US$ 150,000 to build one of those houses, add to that the land cost and how the feck can they sell them at US$ 15,000. There is something seriously fucked up here, perhaps this explains why the US economy is fucked up. Link to comment Share on other sites More sharing options...
unit731 Posted December 23, 2008 Report Share Posted December 23, 2008 What does "save listing" mean? Opps. That was part of the listing website. When looking at homes, one can 'save' the ones they viewed - to look at latter, I guess. Detroit has a net decline in population. Therefore, too many homes for sale and not enough people. Too cold. Michigan taxes high. No jobs. A lot of factors. And it's not just Michigan. Look at Clark County Nevada. None as cheap in price there but prices way down. No jobs there either. Unless you know how to deal cards! Link to comment Share on other sites More sharing options...
beano Posted December 24, 2008 Report Share Posted December 24, 2008 What are the laws regarding property ownership by foreigners in the US? Would someone need to marry a Las Vegas bargirl and put it in her name? Link to comment Share on other sites More sharing options...
.. Posted December 24, 2008 Report Share Posted December 24, 2008 Feck me, that is cheap, but how on earth can you get a 3 bedroom house in an area of 1575 ft2? the rooms must be tiny. That's actually on the large side for those 1920-1955-era middle class homes -- usually ~1200F^2. Typical bedroom size is 12x12, not much closet space (maybe 3x5), and of course no ensuite bathrooms, just one for the whole house. Most do have a full basement tho'. Cheers, SD Link to comment Share on other sites More sharing options...
.. Posted December 24, 2008 Report Share Posted December 24, 2008 [color:purple]Sales of new and existing homes plummeted in November, as buyers stayed out of the market amid the growing financial crisis and deepening recession, according to figures releases Tuesday. Sales of existing homes fell 8.6 percent, far more than expected, to an annual rate of 4.49 million in November, from a downwardly revised pace of 4.91 million in October. The median sales price fell 13.2 percent â?? the largest amount on record â?? to $181,300, from $208,000 a year ago. That was the lowest price since February 2004 and the biggest year-over-year drop on records going back to 1968. The drop in home prices was probably the largest since the Great Depression, NAR chief economist Lawrence Yun told reporters. Meanwhile sales of newly built single-family homes slowed to the weakest levels since 1991, according to the Commerce Department.[/color] Link. Cheers, SD Link to comment Share on other sites More sharing options...
drogon Posted December 24, 2008 Report Share Posted December 24, 2008 Read on BBC something like a week ago that UK house prices have fallen by 30% and from AFP yesterday that it won't stop for a while.... Link to comment Share on other sites More sharing options...
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