Denver Homes piling up - Democratic Underground

G2099

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Thu May-11-06 07:30 PM
Original message

Denver Homes piling up

"Flying in the face of that activity, I have a listing in south Aurora," Pierce said. "The house is in good shape and has been updated. It was on the market in the $180,000s last summer and it didn't sell. We now have it at $164,900. We have not even had a showing in 10 days."

Ed Jalowsky, principal of Classic Advantage Realty, said 50 percent of the homes priced less than $300,000 in his office are either in foreclosure or facing foreclosure.

http://www.rockymountainnews.com/drmn/real_estate/article/0%2C1299%2CDRMN_414_4675068%2C00.html

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Bush_Eats_Beef

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Thu May-11-06 07:34 PM
Response to Original message

1. From the same article:

The lesson from those two scenarios is simple, he said: "The super-rich do not have any problems. The little guys are worried about their jobs and seem to be suffering."

Welcome to Bush-Cheney II.

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marmar

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Thu May-11-06 07:34 PM
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2. Fasten your seatbelts, America...

This rollercoaster is about to make a steep drop.

:scared: :scared: :scared:

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tanyev

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Thu May-11-06 08:12 PM
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3. Surely this latest round of tax cuts will help.

:sarcasm:

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Robbie Michaels

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Thu May-11-06 08:18 PM
Response to Original message

4. Coming to a neighborhood near you

I see condos piling up in my part of town. Too many condo conversion projects flooded the market.

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