Comments on: Update: Golden McNugget http://www.arcadiahousingblog.com/2008/02/14/update-golden-mcnugget/ Tracking the Arcadia and San Gabriel Valley Housing Market Thu, 11 Mar 2010 12:37:20 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Golden McNugget | Arcadia Housing Blog http://www.arcadiahousingblog.com/2008/02/14/update-golden-mcnugget/comment-page-1/#comment-1850 Golden McNugget | Arcadia Housing Blog Fri, 25 Apr 2008 17:52:23 +0000 http://www.arcadiahousingblog.com/2008/02/14/update-golden-mcnugget/#comment-1850 [...] of darkness) look like TJMaxx threw up on them. Reply to this comment   Pingback by Update: Golden McNugget | Arcadia Housing Blog 2008-02-14 [...] [...] of darkness) look like TJMaxx threw up on them. Reply to this comment   Pingback by Update: Golden McNugget | Arcadia Housing Blog 2008-02-14 [...]

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/02/14/update-golden-mcnugget/comment-page-1/#comment-168 SavedbyGrace Thu, 14 Feb 2008 21:14:10 +0000 http://www.arcadiahousingblog.com/2008/02/14/update-golden-mcnugget/#comment-168 The general selling public you mentioned will be forced to understand your point in due time. There's nothing you nor I nor anyone else can say that will change the unfolding of the events to come. Bernanke's statement today is consistent with his previous testimonies in that he will lower rates down to nada in order to save Wall St. at the cost of the people's dollar. He cannot seriously believe that things will be okay by late summer. The Fed and its cronies have lost much of their credibility and everytime Bernanke comes out to make false statements like the above, it eats away at it some more. The general selling public you mentioned will be forced to understand your point in due time. There’s nothing you nor I nor anyone else can say that will change the unfolding of the events to come.

Bernanke’s statement today is consistent with his previous testimonies in that he will lower rates down to nada in order to save Wall St. at the cost of the people’s dollar. He cannot seriously believe that things will be okay by late summer. The Fed and its cronies have lost much of their credibility and everytime Bernanke comes out to make false statements like the above, it eats away at it some more.

]]> By: Beachy http://www.arcadiahousingblog.com/2008/02/14/update-golden-mcnugget/comment-page-1/#comment-166 Beachy Thu, 14 Feb 2008 19:28:46 +0000 http://www.arcadiahousingblog.com/2008/02/14/update-golden-mcnugget/#comment-166 Well, if you believe Bernanke's statements today, all will be right with the economy by the second half of this year. Ha! Here's what I don't understand. Why would anyone assume that this home is worth anything more than it was in 2004? Did they sink a bunch of money into a remodel? Even if they did, that's the owner's problem. The general selling public needs to understand this fundamental issue: the people who can afford to buy a place like this in today's market (and who can qualify for it - major difference from 2004) are NOT going to pay 1mm for what is essentially a tract home! Well, if you believe Bernanke’s statements today, all will be right with the economy by the second half of this year. Ha!

Here’s what I don’t understand. Why would anyone assume that this home is worth anything more than it was in 2004? Did they sink a bunch of money into a remodel? Even if they did, that’s the owner’s problem. The general selling public needs to understand this fundamental issue: the people who can afford to buy a place like this in today’s market (and who can qualify for it – major difference from 2004) are NOT going to pay 1mm for what is essentially a tract home!

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