Comments on: Media Appearance 11-01-2007 http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/ Tracking Charlottesville's Real Estate Market since 2005 Sun, 12 Feb 2012 23:56:00 +0000 hourly 1 http://wordpress.org/?v= By: Jim Duncan http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9776 Jim Duncan Fri, 02 Nov 2007 18:28:51 +0000 http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9776 D'oh. Fixed. Thank you. D’oh. Fixed. Thank you.

]]> By: TrvlnMn http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9774 TrvlnMn Fri, 02 Nov 2007 17:28:39 +0000 http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9774 Did you mean to link to the NBC29 story twice? Did you mean to link to the NBC29 story twice?

]]> By: Mark http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9773 Mark Fri, 02 Nov 2007 17:22:10 +0000 http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9773 The thing all these overbuilding/subprime stories overlook is the fact that homes are not affordable. Even when you say "rates are at a historical low," you miss the point that home prices are at a historical HIGH. A 6.5% rate on a $300k home is no better than a 13% rate on a $200k home (not striving for mathematical accuracy here, just making a point). Rates have to be low because people can barely afford housing. Housing was never before 50% of someone's income, and now it is, at least in C-ville for anyone who has bought since 2005... The thing all these overbuilding/subprime stories overlook is the fact that homes are not affordable. Even when you say “rates are at a historical low,” you miss the point that home prices are at a historical HIGH. A 6.5% rate on a $300k home is no better than a 13% rate on a $200k home (not striving for mathematical accuracy here, just making a point). Rates have to be low because people can barely afford housing. Housing was never before 50% of someone’s income, and now it is, at least in C-ville for anyone who has bought since 2005…

]]> By: Daniel Rothamel http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9771 Daniel Rothamel Fri, 02 Nov 2007 16:43:53 +0000 http://www.realcentralva.com/2007/11/02/media-appearance-11-01-2007/#comment-9771 Jim, Nice work! Jim,

Nice work!

]]>