There are some good deals out there on foreclosures right now. This does not surprise me.

In O.C. CA, it's a good time to wait. Homes prices are still failing knives around here.

I'm enjoying watching mcmansion villes turn into crack neighborhoods

the foreclosures in my neighborhood are 40k over what I paid for my house in 08, and my area is the number 4 selling region in the nation right now.

I Am The Egg Matt Drudge Smears Upon His Body: In O.C. CA, it's a good time to wait. Homes prices are still failing knives around here.

Too bad the prices never fell here in SF. I'd like to own a house, but it seems that's not gonna happen unless I lose enough brain cells to shell out $700,000 for a 2 bed 1 bath condo.

Just closed on selling my childhood house Friday. Yeah, never was a bubble in small-town western Kansas. Went from $30k in 1977 to $45k in 2011. Exciting, exciting stuff. Entirely functional turn-of-the-century 4/2 house.

Wish the family buying it luck. But, really, at $270 mortgage + $58 taxes + $70 insurance, you can barely rent a trailer, even in western KS, for $400 a month. They'd have to work hard to screw it up.

Lawnchair: Just closed on selling my childhood house Friday. Yeah, never was a bubble in small-town western Kansas. Went from $30k in 1977 to $45k in 2011. Exciting, exciting stuff. Entirely functional turn-of-the-century 4/2 house.

Wish the family buying it luck. But, really, at $270 mortgage + $58 taxes + $70 insurance, you can barely rent a trailer, even in western KS, for $400 a month. They'd have to work hard to screw it up.

A new dually pickup and some snow machines could probably do it.

Maybe people look at the math too much and not at things like "lots of people bought houses 7 years ago and since got married and are on their 3rd kid and need a bigger house". So much of the economy is mental and emotional but people keep just looking at the math. It's like a manager who thinks he can do his job if he can just find the right pivot table.

Runs_With_Scissors_: You say it like it's some great news, subby. Home sales are up just 1.4% from what they were forecast to be. Looking at the year-over-year sales and prices, both are down 5%.

I'm sorry. You were saying this is good news?


Green chutes!

I'm giving 90 percent of the credit to President Obama, and plan to vote for him again.

Hey, the lead dog always gets the blame, sometimes irrationally, when the sled slows down, so might as well show some love when it speeds up, regardless of the circumstances. Fair is fair.

Jacobin: I'm enjoying watching mcmansion villes turn into crack neighborhoods

You know, I worked on a film shoot once where I got to see the inside of a shiatload of McMansions (and super gaudy 6 bedroom McMansions) and almost none of the people living there managed to fill all of the bedrooms to capacity. Each house had at least one completely unlived "just throw our excess shiat into the corner" bedroom. I'd say that McMansions is a great artifact to explain what mid-2000s capitalist excess was like.

What a housing recovery does not look like:

Fark Me To Tears: MrEricSir: Too bad the prices never fell here in SF. I'd like to own a house, but it seems that's not gonna happen unless I lose enough brain cells to shell out $700,000 for a 2 bed 1 bath condo.

Come down to SW Florida. For $700,000, you could buy an entire block in Lehigh Acres and build nice houses for you and your relatives.

No thanks, I'm not going to move to a state that has its own Fark tag.