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Re: Home Price Appreciation in Weak Economy

Um. SUPPLY AND DEMAND? There's a huge supply of houses in metro Phoenix as the area was badly affected by the housing crisis and many people are underwater on their homes. I don't see how demand can ever surpass supply in this market, especially with the weak economy and stagnant income. There are ...
by DTalos
Wed Apr 17, 2013 7:05 pm
 
Forum: Personal Consumer Issues
Topic: Home Price Appreciation in Weak Economy
Replies: 47
Views: 3747

Re: Home Price Appreciation in Weak Economy

Um. SUPPLY AND DEMAND? There's a huge supply of houses in metro Phoenix as the area was badly affected by the housing crisis and many people are underwater on their homes. I don't see how demand can ever surpass supply in this market, especially with the weak economy and stagnant income. There are ...
by DTalos
Tue Apr 16, 2013 12:30 am
 
Forum: Personal Consumer Issues
Topic: Home Price Appreciation in Weak Economy
Replies: 47
Views: 3747

Home Price Appreciation in Weak Economy

Why are single family homes in desirable neighborhoods of metro Phoenix selling for over $200 a sq ft, sometimes into the $300 a sq ft range? Seems awfully expensive, considering the current economic recession. Many of these homes are "flips" where the most recent sale occurred in the last...
by DTalos
Mon Apr 15, 2013 6:05 pm
 
Forum: Personal Consumer Issues
Topic: Home Price Appreciation in Weak Economy
Replies: 47
Views: 3747

Re: Keep Old Car or Buy Newer Used Hybrid

The reason people aren't rushing to change cars is 1). gas prices may go back down (not long ago in memory, US gas prices were say $2-2.50) I recall 98.9 cents in MA towards the end of the halcyon Clinton era. Still our gas prices are half or less those in most of the developed world, resources bec...
by DTalos
Sat Apr 13, 2013 9:41 pm
 
Forum: Personal Consumer Issues
Topic: Keep Old Car or Buy Newer Used Hybrid
Replies: 28
Views: 1859

Re: Keep Old Car or Buy Newer Used Hybrid

Just curious, if I'm reading this correctly, where do you live where you are only driving a couple hundred miles every month? Would it be possible in your area to not have a vehicle at all? As little as you drive it seems it would be difficult to justify having a car if you could avoid it. Particul...
by DTalos
Sat Apr 13, 2013 7:03 pm
 
Forum: Personal Consumer Issues
Topic: Keep Old Car or Buy Newer Used Hybrid
Replies: 28
Views: 1859

Re: Keep Old Car or Buy Newer Used Hybrid

I appreciate all your comments about the impracticality money wise of spending $20,000 on a used Prius or similar hybrid in order to reap fuel savings. Would even spending $10,000 on a 10 year old non hybrid car with low miles that gets 40mpg be unwise from a financial standpoint? What about spendin...
by DTalos
Fri Apr 12, 2013 10:56 am
 
Forum: Personal Consumer Issues
Topic: Keep Old Car or Buy Newer Used Hybrid
Replies: 28
Views: 1859

Keep Old Car or Buy Newer Used Hybrid

I own a 1992 Honda Accord with 47,000 original miles and despite it being a good looking car and in excellent mechanical shape, it's kind of a slow car and only gets around 21mpg in city driving. With high fuel prices, the price of used hybrids is high and they seem to hold their value as well. Woul...
by DTalos
Wed Apr 10, 2013 9:13 pm
 
Forum: Personal Consumer Issues
Topic: Keep Old Car or Buy Newer Used Hybrid
Replies: 28
Views: 1859

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