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Salt Lake County home sales fall 38%
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Oh, and P.S., If everyone did that, the median home price would drop to $175k. Not every household is a two-income household.
I'm single and work full time, and there's zero chance for me to afford a home in a neighborhood safe enough for a single 20-something woman to live in alone.
My plan, then, is to get a bullmastiff/rottweiler. However, I'd have to leave him all day long in order to keep my full time job that allows me the luxury of ghetto living at crippling cost.
So I'm sorry, but it's not all bad news to hear about sales (and eventually prices) softening a little. Sorry about the rant.
1) Wrong - they are not selling, I know because I have been watching the mls. Look at how many photos of homes still show flowers from summer...
2) Wrong - you can still find them? The article says that 75% of homes are below $300k!
- This article was designed to think prices are down, then create a sense of urgency with phrases like: "The problem is, they are not going to know when the bottom hits" and "early next year".
DN editors, step it up.
I'm sorry people, but your dated 60 year old brick bungalow that needs a ton of work, not to mention more space and some charm, is not worth $450,000 just because it is in zip code 84108!!!
GET REAL!
Then, when unemployment hits 10%, the prices will drop even more, and when 1500 retail stores close in Utah, even more, and when inflation hits from all of the bailouts, it will get really interesting (not a good thing).
And then, when all taxpayers are paying $28,000 a year just for Obama's health care plan on top of regular taxes, it will probably just zero out.
There is a 7,500 homes for sale in Salt Lake County and 1,400 under $180,000, and I'm sure Anon, single women can find nice & safe home to live in.
Utahs population is expected to double in the next 30 years!!! Do you even understand how much growth that is? Trust me our 8-9 months of home inventory cant keep up with that. If you think we can double in size and watch house prices go down then you really do live in la la land.
P.S. Utah historically follows California's housing market. We are seeing prices rebound in California. So if history holds true that means Utah is not far behind. I know Optimism is never popular, but you people seem to need some
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