Comments on: Current Glut Of Homes Will Drive Housing Prices Lower http://www.moneybluebook.com/current-glut-of-homes-will-drive-housing-prices-lower/ Personal Finance Beyond Credit Cards and Balance Transfers Tue, 06 Jan 2009 19:13:39 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Raymond http://www.moneybluebook.com/current-glut-of-homes-will-drive-housing-prices-lower/comment-page-1/#comment-610 Raymond Wed, 28 Nov 2007 15:45:25 +0000 http://www.moneybluebook.com/current-glut-of-homes-will-drive-housing-prices-lower/#comment-610 Well many builders have already invested heavily in building projects to the point of no return but seeing the slide in the housing market, rather than writing off everything as a loss, many chose to convert projects in rentals (particularly for condos). There are limited pockets of growth out there and housing construction will never come to a complete halt...it will just slow to a trickle. I live in an area where many condo projects were underway when the housing bubble popped. The have ALL since been converted into rental units and are presently half-way built. Well many builders have already invested heavily in building projects to the point of no return but seeing the slide in the housing market, rather than writing off everything as a loss, many chose to convert projects in rentals (particularly for condos).

There are limited pockets of growth out there and housing construction will never come to a complete halt…it will just slow to a trickle. I live in an area where many condo projects were underway when the housing bubble popped. The have ALL since been converted into rental units and are presently half-way built.

]]> By: KMC http://www.moneybluebook.com/current-glut-of-homes-will-drive-housing-prices-lower/comment-page-1/#comment-609 KMC Wed, 28 Nov 2007 15:35:25 +0000 http://www.moneybluebook.com/current-glut-of-homes-will-drive-housing-prices-lower/#comment-609 Something I can't figure out. I assume you're correct in writing that builders are reporting terrible demand (frankly, I haven't been reading up on them). So why do they keep starting new developments and building houses? I don't know the home building business, so I just don't know why this continues to happen. Any idea? Something I can’t figure out. I assume you’re correct in writing that builders are reporting terrible demand (frankly, I haven’t been reading up on them). So why do they keep starting new developments and building houses? I don’t know the home building business, so I just don’t know why this continues to happen. Any idea?

]]> By: Mrs. Micah http://www.moneybluebook.com/current-glut-of-homes-will-drive-housing-prices-lower/comment-page-1/#comment-606 Mrs. Micah Wed, 28 Nov 2007 12:34:08 +0000 http://www.moneybluebook.com/current-glut-of-homes-will-drive-housing-prices-lower/#comment-606 I'd been worried that we'd never get a house with all the prices going up. But now that they're coming down it seems more like a possibility (someday). I’d been worried that we’d never get a house with all the prices going up. But now that they’re coming down it seems more like a possibility (someday).

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