Reader comments: Are home sales perking up?
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Salaries Aren't There | 8:00 a.m. March 25, 2008
Home prices will come down much more in the coming months. Sub-prime debt has dried up. Before long the banks will be back to the good old days of requiring 20% down. If you can't save 20% you don't belong in a house anyway. Salaries along the Wasatch Front don't support even the lower median home prices. Giant house + truck + snowmobiles + cabin + paying 10% of gross income to charity + large families + low salaries = many families up to their neck in debt.
SLC | 5:33 p.m. March 25, 2008
Yes. You'd think that with all those factors that Utah would have lots of personal bankruptcy.
Oh wait. We do.
Oh wait. We do.
Lower Prices = More Sales | 8:26 p.m. March 25, 2008
Maybe 117 house sellers decided to lower their unrealistic asking prices? That could bump up sales.
I hear that so many people have heloc'ed all the equity out of their houses, that they CAN'T sell without losing money now that the market is retreating.
I hear that so many people have heloc'ed all the equity out of their houses, that they CAN'T sell without losing money now that the market is retreating.
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