Berkeley CSUA MOTD:Entry 12833
Berkeley CSUA MOTD
 
WIKI | FAQ | Tech FAQ
http://csua.com/feed/
2025/07/15 [General] UID:1000 Activity:popular
7/15    

2004/3/24 [Reference/RealEstate] UID:12833 Activity:nil
3/24    When are Bay Area home prices going to drop again?
        http://www.dataquick.com/articleitem.asp?industry=2&item=196
        \_ When interest rates go up, home prices will drop.
        \_ never any significant amount.  prices drift up and down a bit but
           it's a game of 5 steps up, 1 step down.  repeat until priced out
           of market.
        \_ After the "Big One" destroys most of the region's infrastructure
           causing the local economy to collapse, forcing the feds to bailout
           big insurance companies despite the fact that most homeowners didn't
           buy earthquake insurance and are taking a total wash on their red
           tagged homes, the prices will dip for land. However it will be
           impossible to build a home to replace it during the next five years.
2025/07/15 [General] UID:1000 Activity:popular
7/15    

You may also be interested in these entries...
2013/3/11-4/16 [Reference/RealEstate] UID:54622 Activity:nil
3/10    I'm trying to help my parents, in their mortgage there's an
        "escrow" amount. What exactly is this? From reading Google,
        the loan company uses the escrow account to pay for home
        insurance, but they've been paying home insurance themselves.
        I'm really confused on what this fee is.
        \_ Without an escrow account, you write checks to your insurance
	...
2012/7/25-10/17 [Politics/Foreign/Asia/Japan, Reference/History/WW2/Japan] UID:54444 Activity:nil
7/25    http://www.quora.com/Japan/What-facts-about-Japan-do-foreigners-not-believe-until-they-come-to-Japan
        Japan rules!
        \_ Fifteen years ago I worked there for seven months.  I miss Japan!
           (I'm Chinese immigrant.)  More facts:
           - Besides cold drinks, vending machines also carry hot drinks like
             hot tea and corn soup.  And they are actually hot instead of warm.
	...
2012/3/7-26 [Reference/Tax] UID:54331 Activity:nil
3/7     "Michigan woman still collecting food stamps after winning $1 million
        lottery"
        http://www.csua.org/u/vp3 (news.yahoo.com)
        `"I feel that it's OK because I mean, I have no income and I have
        bills to pay," she said. "I have two houses."'
        \_ My first reaction was pretty hostile to her, but then, I
	...
2010/4/12-5/10 [Reference/Tax] UID:53782 Activity:moderate
4/12    My gf did her taxes. She was unemployed most of last year and only
        paid about $500 in federal tax. She is getting a refund of $1300.
        We are both rather annoyed at this. How can you get a refund of
        more than you paid in?! (This is a rhetorical question. I know
        how.) Another acquaintance of mine makes less than half of what I
        do, but her take home is only 20% less. Even though I put money into
	...
2009/11/23-12/2 [Transportation/Car/RoadHogs, Reference/RealEstate] UID:53540 Activity:moderate
 11/23  "Warming's impacts sped up, worsened since Kyoto"
        http://news.yahoo.com/s/ap/sci_climate_09_post_kyoto
        \_ what do you propose we average Joes do about climate warning?
           Oh really? Yeah, exactly.
           \_ Make life choices which reduce your carbon impact.  Communicate
              with your representatives that you consider this an important
	...
Cache (2015 bytes)
www.dataquick.com/articleitem.asp?industry=2&item=196
More News. Area home prices rose at their fastest rate in nearly three years and sales were at near-record levels last month, the result of continued demand and an accommodating mortgage finance environment, a real estate information service reported. A total of 7,412 new and resale houses and condos were sold in the nine-county region in February. That was up 44 percent from 7,102 the month before and up 106 percent from 6,704 for February last year, according to DataQuick Information Systems. Last month was the second strongest February DataQuick has in its records, which go back to 1988. The strongest was February 2000 when sales totaled 7,507. This just goes to show that buyers will buy if they can buy, despite sticker shock. Mortgage interest rates havent gone up as was predicted a few months ago. And lenders are making loans to households they wouldnt have five or ten years ago, said Marshall Prentice, DataQuick president. The median price paid for a Bay Area home was $457,000 last month, near Decembers record $458,000. Last months median was up 32 percent from $443,000 in January and up 134 percent from $403,000 for February last year. The year-over-year increase was the highest since March 2001 when the median was $386,000, up 173 percent from $329,000 a year earlier. DataQuick, a subsidiary of Vancouver-based MacDonald Dettwiler and Associates, monitors real estate activity nationwide and provides information to consumers, educational institutions, public agencies, lending institutions, title companies and industry analysts. The typical monthly mortgage payment that Bay Area buyers committed themselves to paying was $2,008 in February. A year ago it was $1,836. The peak was in May 2000 at $2,124. Indicators of market distress are still largely absent. Foreclosure rates are low, flipping rates are low, down payment sizes are stable and there have been no significant shifts in market mix, DataQuick reported. Copyright 2001 DataQuick Information Systems. All Rights Reserved.