Town Square

Post a New Topic

Hang on, it's a bumpy ride

Original post made on May 29, 2013

It's starting to look a lot like 2005.

Read the full story here Web Link posted Friday, April 12, 2013, 3:55 PM

Comments (1)

 +   Like this comment
Posted by Chris Zaharias
a resident of Crescent Park
on May 29, 2013 at 11:02 am

This photo sums up both the PA/MP real estate market and the way most PA/MP real estate brokers are operating right now.

Web Link

Can someone point me to the thesaurus real estate brokers use to dress up dumps with literal lipstick?

I'm happily renting in PA, investing in the meantime and will only pounce if/when reality strikes the PA market. That reality check will come from one or more of the following:

1) Rise in property tax %. With $1-4M homes, 0.25-1.0% increase could make *lots* of people sell;
2) Stock market crash;
3) Rise in interest rates;
4) Softening of Chinese economy

NOTE: one of my previous posts mocking the bubble-esque PA/MP real estate market was removed, perhaps because this paper/site depends so thoroughly on brokers for their revenues.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Mixx, Scott's Seafood replacement, opens in Mountain View
By Elena Kadvany | 9 comments | 2,870 views

Ten Steps to Get Started with Financial Aid
By John Raftrey and Lori McCormick | 1 comment | 1,825 views

All Parking Permits Should Have a Fee
By Steve Levy | 23 comments | 1,592 views

Repeating and “You” Sentences
By Chandrama Anderson | 4 comments | 993 views

Life in fast forward
By Jessica T | 3 comments | 819 views