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Downside of a boom…
Filed under: General, Rants, Real Estate — Norm December 13, 2005 6:32 am

As I was driving around Boston today I realized the true loss during a real estate boom.

It broke my heart to see. Every single scrap of land, every yard, every lot has been built on. Houses jammed into every corner. TINY little places in many cases. Next to train tracks, behind other houses…

It is going to hurt these communities in the long run.

People buying old homes that they can barely afford, not realizing the long term costs of maintaining an old home.

This is going to be an ugly end for some beautiful communities…

4 Comments »

And everyone and their mother would like to buy real estate in Hawaii, but it’d be an awful shame if, as a result, there was no Hawaii left to see. Do real estate agents have a responsibility, do you think, to try to help regulate this kind of crowding?

Linsey
Kauai Real Estate Sale

Comment by Linsey — March 20, 2006 @ 11:32 am

I know what you mean. Here in San Diego it is the same. But, now with the bust upon us, the only good thing will be a lowering of the housing costs and just maybe the return of thinking of a home as just that…not the BEST investment ever!

For a good picture of our local bust, visit my blog at:
http://www.brokerforyou.com/brokerforyou

Comment by San Diego real estate broker — September 6, 2006 @ 4:13 pm

http://www.exchangeca.com/bin/web/real_estate/AR188706/SEARCH_MLS/La+Jolla/1151516027.html
La Jolla, San Diego, Real Estate, Homes, Condos,

Normal Market -

In a normal market, there is fairly a large number of homes available and an average number of buyers. This market does not necessarily favor the buyer or the seller. A seller may not have as many offers on their home, but he or she may not be desperate to sell either. Again, it is the buyer’s responsibility to be prepared. During a normal market, the chances to negotiate are higher than in a hot market. As a buyer, you can expect to make offers at lower than the asking price and negotiate a price at least somewhat less than what the sellers are asking. http://www.ExchangeCA.com

Comment by Justin Chimento — October 17, 2006 @ 10:11 pm

Florida Has been effected greatly by the Boom’s “Backside”. Because of it’s desirable Location and also considering that when compared to other major Real Estate Markets(New York,California) Your money generally goes further in Florida. All these elements combined for an incredible Real Estate Market during the boom. Now the Market is flooded with investment properies, but hopefully with the fed rate cut, and I hear there is another cut coming. That will give us a much needed shot in the arm!

STEVE F HERNANDEZ
Realtor Associate
Please Vist: www.MyConcernYourSuccess.com

1535 Three Village Road
Weston, FL 33326

weston real estate, Broward County

Comment by Steve F Hernandez — September 20, 2007 @ 9:46 pm

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