Comments on: Lowball! Bergen County 7/1-9/2

By: Bingo

Bingo — Wed, 05 Sep 2007 17:52:24 +0000

Great listing….Can someone do one for Somerset county using GSMLS? Would love to see the impact in that area.

By: Comrade 3b

Comrade 3b — Tue, 04 Sep 2007 17:32:29 +0000

#36 “And that’s still not even close to happening around here.”

But it is getting there.

By: dukeb

dukeb — Tue, 04 Sep 2007 13:03:58 +0000

JB: A big thanks for posting the Excel which I’m looking thru now. I’ve been reading your fantastic site at least every morning since I first came across it last month and have taken a half-dozen other sites off my bookmarks list since you cover their grounds so much better.

RE BUDGETS: For my wife & I, they are non-existant. No debt aside from several maxed out CCs contributing to our own version of the carry trade (using high-yield FDIC insured money markets). But we are also down to the penny every day via Quicken, and same for my biz via QuickBooks. When we do buy things, we shop hard and time the purchases for the best “ROI” possible….love sales! And that mentality has served us well as we also rent here in NJ after giving up house hunting two years ago out of pure disgust. The numbers made absolutely no sense whatsoever–probably because we are planning to buy w/out a mortgage and know what that will do to our Quicken numbers. (The horror.) By not looking at the “affordability” of monthly payments alone (which should only be done when renting, duh!!!) as “budgeters” might be tempted to do, it’s the total price that must be justified to us. And that’s still not even close to happening around here.

By: PGC

PGC — Tue, 04 Sep 2007 12:00:15 +0000

Is there any way to find out the MLS details after the sale has closed. I would like to use 2304593 to beat up my Rutherford realtor with ….. :*)

By: njpatient

njpatient — Tue, 04 Sep 2007 04:00:50 +0000

#32
Second that motion
Thanks, jb

By: BklynHawk

BklynHawk — Tue, 04 Sep 2007 03:04:45 +0000

JB-
Thanks for all the info. Interesting stuff.
JM

By: D

Tue, 04 Sep 2007 00:25:37 +0000

JB, thanks for all of your hard work this weekend! Such awesome “summer’s over” graphs & a comprehensive lowball, too! I feel badly you didn’t get the usual traffic, but tons will check in tomorrow & see your efforts.
TY!

By: Home Seller

Home Seller — Tue, 04 Sep 2007 00:21:37 +0000

#29

Agree 100%. I would guess majority of those people fell into that situation due to poor financial management.

They do say have a 6 month emergency fund for a reason, you know.

By: Clotpoll

Clotpoll — Tue, 04 Sep 2007 00:05:05 +0000

sx (22)-

Everything in DC is a big j-off and flim-flam.

Nothing of substance will be done. Nothing really can be done, except allowing the market to blow out the losses and purge itself.

By: James Bednar

James Bednar — Mon, 03 Sep 2007 23:58:47 +0000

whoa, my bad…I meant to say the population in general….

I am curious who does and doesn’t know what they spend on since it has such a big effect on what you can save for a home.

What about the ~13,000 NJ homeowners that found themselves in default on their mortgages in the first half of 2007 (Realtytrac)?

I’m guessing they don’t budget either..

By: Frank

Frank — Mon, 03 Sep 2007 23:52:23 +0000

What’s so scary about the entire real-estate bubble is the price level in NYC, then dust settles prices may have to come down as much as 70% in NYC. Reading the horror stories from CA, FL, and NV will seem like kids book when the entire NYC market takes a dive. How will 200K loss on a house in CA compares to a 2M loss on a 2 bedroom apartment in Soho?

By: Frank

Frank — Mon, 03 Sep 2007 23:47:32 +0000

“188k wall street fluff jobs on the chopping block”

188K out of 848K, that’s nothing, most departments I know of, have quadrupled their staffing in the last 2 years. Weeeeeeeee layoffs are coming, weeeeeeeeee, how am I going to afford that 1 bedroom apartment in Hoboken for $500K? Weeeeeeeeeeee

By: Home Seller

Home Seller — Mon, 03 Sep 2007 23:43:03 +0000

#17

Yeah, same here. Live below my means so I can provide for my kids.

I actually don’t have a “budget” per se, but I always pay myself first w/pre tax and some taxable savings…

By: Home Seller

Home Seller — Mon, 03 Sep 2007 23:40:41 +0000

#16

whoa, my bad…I meant to say the population in general….

I am curious who does and doesn’t know what they spend on since it has such a big effect on what you can save for a home.

By: SAS

SAS — Mon, 03 Sep 2007 23:24:05 +0000

“188k wall street fluff jobs on the chopping block”

Let’em get chopped.

SAS