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Real Estate slide?

Discussion in 'Money & Finance Forum' started by kshead, Aug 28, 2006.

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  1. Aug 29, 2006 at 10:02 AM #11
    Savio

    Savio Freelance Pimp

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    I'm suppose to to sign a purhcase agreement for my condo in NoDA but this is what I am afraid of. When this condo development went out on the market, the 1st phase was bought up pretty quick with a couple units left. Since then the 2nd phase of the development is not selling well at all.

    I'm thinking about backing out of my reservation agreement and hold off till beginning of next year and seeing what the market looks like. I'm sure there will be more enticing housing available.
     
    Last edited: Aug 29, 2006
  2. Aug 29, 2006 at 2:00 PM #12
    Freakshow

    Freakshow Fuck you guys.

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    I'm really more worried about Uptown...lot of people buying $300,000 condos that think they are going to shoot up in value.

    NoDa may be different.

    If you are buying it because you want to live there...go for it. If you are looking to sell in a year...you are taking a risk.
     
  3. Aug 29, 2006 at 2:04 PM #13
    Trace

    Trace Full Access Member

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    If you want a real urban feel with old brick warehouse feel try Soulard in STL.
     
  4. Aug 29, 2006 at 2:04 PM #14
    Savio

    Savio Freelance Pimp

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    It's not long term for me living in a condo but from the reports of housing on the decline, it might be a better bet for me to wait till next year to see how things play out.

    Lowe's stock is down, Home Depot is down, Builders are down, REIT funds are down...


    I might just look for a single family home if I wait till next year...
     
  5. Aug 29, 2006 at 3:22 PM #15
    kickazzz2000

    kickazzz2000 CURRENTLY ON THE CAN

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    I would but its too far from Metrolink. I like the option of taking the train if i feel like...or if its snowed.

    I've heard Soulard is pretty cool though, its got that New Orleans feel to it...
     
  6. Aug 29, 2006 at 3:27 PM #16
    Trace

    Trace Full Access Member

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    They say it is the second largest to NO. I have been and not sure it is all that. They do have a parade though.

    BTW STL pizza sucks. It is described as saltines with ketchup.
     
  7. Aug 29, 2006 at 3:28 PM #17
    chipshot

    chipshot Full Access Member

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    It's Electric!
     
  8. Aug 29, 2006 at 3:47 PM #18
    kshead

    kshead What's the spread?

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    Ban Chip.

    Boogie woogie woogie.
     
  9. Aug 29, 2006 at 3:52 PM #19
    Trace

    Trace Full Access Member

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    Who?
     
  10. Aug 29, 2006 at 4:02 PM #20
    chipshot

    chipshot Full Access Member

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    And I'll teach you, teach you, teach you
    I'll teach you the electric slide
     
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