Read the full story here Web Link posted Wednesday, November 26, 2008, 11:37 AM
Town Square
Home sales buck downward trend
Original post made on Nov 26, 2008
Read the full story here Web Link posted Wednesday, November 26, 2008, 11:37 AM
Comments (9)
a resident of Shoreline West
on Nov 26, 2008 at 12:38 pm
Condo prices actually went up in MV compared to last October, or is this is a misprint?
a resident of Old Mountain View
on Nov 26, 2008 at 5:44 pm
Daniel DeBolt is a registered user.
The numbers were indeed incorrect and have been fixed. The original numbers were from a broker who included town homes in the "condo" category. Town homes have actually gone up in value, the broker says.
a resident of Castro City
on Nov 26, 2008 at 9:15 pm
This is unsustaniable. Unless each person in a two-income household makes $250K each, once the downturn really kicks into gear, which his highly likely, these $900K townhomes will go into a quick sale or foreclosure... all it takes is one person to get laid off and whammo.
a resident of Cuesta Park
on Nov 28, 2008 at 7:54 am
What does richard know? Just because he lives in a dumpy area castro city haha what a joke, advice from the POOR HOUSE.....
a resident of another community
on Nov 28, 2008 at 3:40 pm
Delbert, you are a special breed of loser. Nobody who has actually achieved any sort of success would make fun of someone who they percieve as less fortunate.
Take off your tinfoil hat-- mommy says its time for you to come out of her garage and take out the garbage.
a resident of North Whisman
on Nov 28, 2008 at 4:32 pm
Homes have lost some value, but overall MV is doing quite well by comparison. While some homes are staying on the market longer, that should surprise no one. It is a buyers market. My wife and I purchased our MV home on 02 and our equity is still holding up quite well. I’m simply seeing no evidence of the doom and gloom Richard seems interested in promoting.
a resident of another community
on Nov 28, 2008 at 11:30 pm
Some of Richards assumptions are off, but his concerns are valid.
a resident of Waverly Park
on Dec 1, 2008 at 10:40 am
"prospective buyers of a $1.5 million house couldn't qualify for a loan even with a 40 percent down payment."
There are lots of factors that go onto loan approval. Now-a-days you need excellent credit, substantial monthly cash flow, and at least 20% down.
If just ONE of the factors isn't there, makes it harder to qualify.
a resident of Old Mountain View
on Dec 5, 2008 at 7:30 am
MV is a $ Pit, supply and demand for good locations is still @ a premium. They should bulldoze castro city.
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