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AP/AOL Poll Shows Tough Times for First-Time Buyers
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Thursday, October 12, 2006
11:50:00 AM EDT
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11:50:00 AM EDT
AP/AOL Poll Shows Tough Times for First-Time Buyers
Poll: Costs Still Stymie 1st-Home Buyers
A recent survey conducted by the Associated Press and AOL Real Estate found that 59 percent of people believe it is harder than ever for first-time buyers to purchase a home.
Despite the current "buyer's market," mortgage rates, fees associated with ownership and home prices continue to be challenging factors.
Do you think it's tougher for first-time buyers? Are real estate transactions more complicated today? What factors do you think contribute?
aw
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This entry has 37 comments: (Add your own)
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Go to www.mylista.com - there's a funny article there about being a first-time homebuyer.
Actually, it is a real estate community, and what they do is have a list of property for sale all over the country. It's free to search and free to join and list your property. Check it out.
They are not brokers or anything, and there are no fees. www.mylista.com -
NOT SO FAST! For those of us that are investors, there are GREAT deals for us to grab up at a 30-50% discount off of the new home pricing! HUD foreclosures are so hot right now. The government just wants to liquidate properties that the sellers lost. Most are only 2-3 years old homes. My buddy turned me on to a site called www.findahudrepo.com and I found literally hundreds of homes all across the country. NO LIE! and it was free!
Check it out and lets make hay while the sun is shining on investors!
www.findahudrepo.com -
I cant wait until all the greedy speculators go broke because they cant sell any of their multiple properties and they still have mortgages to pay that even they cant afford. Hahahahahhaha. All these flippers ruined it for the common people but theirs is coming soon. Long Island real estate is crashing so fast. For all those people who said real estate would level off, im laughing so hard as your home value depreciates on long island so fast. No one even wants to live on long island. Its gross. Its all gangs and day laborers, no jobs available, insane transportation costs, and overpriced homes with no land and crazy taxes. Not to mention the worst food in every deli and traffic up the wazoo! My friend just bought a house for 420,000 that was on the market for 675,000 last year. The guy who sold it kind of panicked and just wanted to get rid of it. Now more people are doing the same thing. Everyone on this guys block hates the seller now because most of these people were about to sell their house but all the buyers backed off because they just saw this recent sale. Now everyone lowered their offers like 200,000 bucks lower on all the houses. Its insane. Long Island is going down the tubes.
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I live in one of the most difficult real estate markets, South Florida, and it's frustrating to think that I missed out on the huge housing wave -- now prices are just ridiculous. I am only now starting to feel like there is some hope when I hear prices are falling and a correction is near and maybe we will be able to stop renting some day. In the meantime I've been reading other people's renting nightmare stories at the funniest site I've seen in a long time - myplacesucks.com. You gotta check it out - there's a fun game on there where you can escape the landlord - I haven't beaten it yet but I'm still trying.
12/1/06 5:45 PM
Check it out and lets make hay while the sun is shining on investors!
www.findahudrepo.com