http://www.city-data.com/forum/atlanta/731583-bank-failures-georgia.html

They have some real nice pictures to.

Tommy

The above quotation from Harold is rather misleading. His sentence fragment which declares “the possibility of taking on negative equity” is downright false. The owner who is attempting to sell the home has absorbed the shock of the market and thus the ‘negative equity’. The buyer who purchases the home will be gaining, because all signs point to the fact that we are at the bottom of the market.
Buyers are no longer allowed to put ZERO down and walk away from closing with a check in hand…so there should no longer be homeowners caught ‘upside down’ in their homes.
Realtor bashing is not the answer. It took LOTS of people turning a ‘blind eye’ to get us into this situation….including APPRAISERS, LOAN OFFICERS, and IRRESPONSIBLE BUYERS.

And if there is any group that is driven by nothing but facts, it is real estate agents. RE agents know that is factual that the best time to buy or sell a house is always – YOU CAN’T LOSE!!!

Personally would think someone had lost their mind. Buying in a market that has been nose diving. With the possiblity of taking on negative equity!!!! Groups like Realty Trac and the like are all sponsored by Realtors. Basically they are trying to sell something. I think it is fair to saddle someone with negative equity. Based on sales figures from a sales organization.

I am an optimist to. However folks need to look around and see if what they are saying is making any sense at all.

I feel bad that some are in a tough situation. I hope for you. Even for some of you. You may have been the victims of these type of heartless sales tactics. The people that put those figures out know better. And now well it’s just plain obvious.

Home prices fell as much as they did,not because home values fell, but because the majority of homes being sold now are lower-end homes being sold to first time homebuyers (who are being incentivized to purchase because of the $8000 tax credit.) If the gov’t expands the tax credit to be for all buyers, the average sales price will dramatically increase overnight because higher-end buyers will jump back in the market. All this good news will drive the market higher and higher.

The housing crisis is over. We may bounce along the bottom for a while, but we are definitly eventually going much higher on prices. I give it two years before we are back to the high-water mark of the bubble, then we are really off to the races as people panic to get a home before prices go higher.

No one is creating more land, prices have no where to go but UP!

PT, I hate to tell you but this is NOT going to happen. The vast majority of those that that did the right thing, planned, saved and lived within there means are not going to sit by quietly and pay for the mistakes and misfortune of others, no matter what the excuse. Just look at the outcry over the Obama healthcare reform issue for an example. In my opinion as well as many others the housing crisis / recession will be no different scenario.