Atlanta Metro News

June 2011
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By McCain-Crist 08

March 6, 2008 1:51 PM | Link to this

5.19 percent? That means 94.91 percent are not past due. Thats a pretty good number to me. Just more doom and gloom from our liberal buddies at the PB Post.

By Get in the Game

March 6, 2008 2:45 PM | Link to this

Great!

So, let’s keep reducing the fed target rate to 1% (like Greenscam), so commodities shall continue to increase and PENALIZE everyone.

Let’s just give house ‘owners’ money (Club Fed) so they cannot breach their contract with their creditor.

Sounding more and more like SOCIALISM, then anything else.

And, yes 5% delinquent IS NOT a problem.

If the number moves above 20%, then we can take a look at things.

But, in the end, unless you have the DEED, you are renting/leasing from the CREDITOR.

By Think for yourself

March 6, 2008 2:51 PM | Link to this

You will always see certain properties go up and certain properties go down even in the same time period. The properties in the area of the market where the people are getting richer will increase and the ones in the sector of the population that are being “squeezed” will go down. Put into the equation the global market and you can make a pretty good prediction. The problem is that this will require people to think for themselves.

By Curious

March 6, 2008 5:26 PM | Link to this

So, … we drive down the street of a local block of houses.

Say ten on each side.

At least one will be in distress.

You know … the one that is relatively unkempt, perhaps boarded up, tall weeds, vandalized, junk in the yard, etc, etc, etc.

Does that strike a chord in your neighborhood?

Or perhaps in your up-scale development there is a house or two or three which have seemingly been abandoned by the builder(s) before anywhere near completed � and more lusty weeds growing up to detract?

Anyway, one in twenty is a BIG NUMBER in my book.

Suspect there are neighborhoods in some areas where 5% is a conservative number, and where things are much worse.

Numbers can often delude. You have to get out on the streets. Best to befriend and talk with some current residents to really learn what is going on.

Leastwise if you are a potential investor and savvy traditional housing provider.

Cheers!

By DRIVE BY MEDIA VICTIM

March 7, 2008 10:01 AM | Link to this

What about the 42% of Florida homes that DON’T EVEN HAVE A MORTGAGE!! The sleazy noose media forgot to tell you about that!!This slam reporting by The Palm Beach Post is why our market is the worst in Florida. Much worse than even Miami where prices are actually UP! After a four year noose media GANG-BANG of the housing market every one is paying the price! See how many ways blood thirsty reporters at The Palm Beach Post slammed real estate:

1.Routinely MASQUERADING foreclosure and distressed property consultants as impartial real estate experts whose always negative comments became a self full-filling prophecy TO SCARE AWAY HOMEBUYERS! Foreclosure consultants make lots of money when there are lots of foreclosures!

2.Quoting Wall Street brokerage economists whose only interest was to kill the housing market and drive investor $$$ back into stocks.

3.Targeting Florida with completely fabricated horror stories about 100,000 condo�s being bulit in Miami when condo construction starts in all of Miami-Dade never exceeded 6,000 a year!

4.Constantly telling readers that mortgage interest rates were rising when interest rates were actually FALLING!

5.Hyping foreclosure statisitics but NEVER telling readers that over 40% of Florida homes DON�T even have a mortgage!

6.Deliberately reporting and misrepresenting much worse foreclosure stats from Arizona and Nevada as Florida�s (A Palm Beach Post special tactic).

Never reporting that 50% of the homes that have actual foreclosures filed against them have their loan worked out and KEEP THEIR HOME!!

By Annette White

March 12, 2008 4:44 PM | Link to this