Falling prices trap new homebuyers

Article View: sci.econ

Article #2010

#2010

From: Anonymous
Date: Thu, 14 Dec 2006 20:39

16 lines
1658 bytes

Neighbors in a new Garden Grove tract say a 
developer's plan to slash prices by about 
$140,000 has left them owing more for their 
homes than they're now worth. By JEFF 
COLLINS The Orange County Register

GARDEN GROVE � David Dunn felt as if 
Christmas were stolen from him when prices 
for neighboring homes in his new subdivision 
fell by about $140,000.

Now, he says, his home is worth less than he 
owes, making it next to impossible to 
refinance before his $3,000-a-month payment 
doubles. Eleven neighbors who bought before 
the price cuts are in the same boat.

Technical Details

Message-ID: <c3d7b89dbd0de2e749ebfae2f4231a4b@ecn.org>

Path:

arc1-ca.pugleaf.net!g2news2.google.com!news4.google.com!news.glorb.com!news.bananasplit.info!mail2news-x5!mail2news-x4!mail2news-x3!mail2news-x2!mail2news

Show Full Headers

Complete Article Headers

X-Google-Thread: fd5f7,bfd2fb1c0d31d9fb,start
X-Google-Thread: f824f,bfd2fb1c0d31d9fb,start
X-Google-Thread: 107d03,bfd2fb1c0d31d9fb,start
X-Google-Thread: 10a89e,bfd2fb1c0d31d9fb,start
X-Google-Thread: 10d50a,bfd2fb1c0d31d9fb,start
X-Google-Attributes: gidfd5f7,gidf824f,gid107d03,gid10a89e,gid10d50a,public
X-Google-Language: ENGLISH,ASCII
Path: arc1-ca.pugleaf.net!g2news2.google.com!news4.google.com!news.glorb.com!news.bananasplit.info!mail2news-x5!mail2news-x4!mail2news-x3!mail2news-x2!mail2news
From: Anonymous <cripto@ecn.org>
Comments: This message did not originate from the Sender address above.
 It was remailed automatically by anonymizing remailer software.
 Please report problems or inappropriate use to the
 remailer administrator at <cripto_abuse@ecn.org>.
Newsgroups: sci.econ,ba.general,la.general,sac.general,scruz.general
Subject: Falling prices trap new homebuyers
Message-ID: <c3d7b89dbd0de2e749ebfae2f4231a4b@ecn.org>
Date: Thu, 14 Dec 2006 21:39:34 +0100 (CET)
X-Abuse-Contact: abuse@bananasplit.info
Organization: Bananasplit - Mail2News