Homestead mailing list

[Don Bowen <don.bowen AT earthlink.net>]

At 7/21/2006, you wrote:
> Notice that Bernanke himself didn't say "soft landing".  He said "orderly".
> What does that mean?  It smacks of Greenspan's comment that the markets were
> "frothy".  "Orderly" sounds like the very sort of clucking, soothing sounds
> someone would say to keep people from panicking in a real emergency.

http://www.latimes.com/business/la-fi-soft21jul21,0,3311200.story?coll=la-home-headlines
"The chief economist of the California Assn. of Realtors has stopped using 
the term "soft landing" to describe the state's real estate market, saying 
she no longer feels comfortable with that mild label. "



Don Bowen              Awl Knotted Up        KI6DIU

http://www.braingarage.com

My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

I am omnivagant.  
> From intuit AT teleport.com  Fri Jul 21 16:29:47 2006
Return-Path: <intuit AT teleport.com>
X-Original-To: homestead AT lists.ibiblio.org
Delivered-To: homestead AT lists.ibiblio.org
Received: from elasmtp-mealy.atl.sa.earthlink.net
        (elasmtp-mealy.atl.sa.earthlink.net [209.86.89.69])
        by lists.ibiblio.org (Postfix) with ESMTP id 0335D4C00B
        for <homestead AT lists.ibiblio.org>; Fri, 21 Jul 2006 16:29:46 -0400 
(EDT)
Received: from [4.242.174.122] (helo=s1100422657)
        by elasmtp-mealy.atl.sa.earthlink.net with asmtp (Exim 4.34)
        id 1G41d3-0005L1-JN
        for homestead AT lists.ibiblio.org; Fri, 21 Jul 2006 16:29:46 -0400
Message-ID: <001301c6ad04$68a9a2e0$7aaef204@s1100422657>
From: "Linda" <intuit AT teleport.com>
To: <homestead AT lists.ibiblio.org>
References: 
<a37e31f0607210824p740fc6a7j16c4fbb55e32f57 AT mail.gmail.com><003001c6acee$32933560$7aaef204@s1100422657>
        <a37e31f0607211147qef0411fs84d3ec24ba0ee87d AT mail.gmail.com>
Date: Fri, 21 Jul 2006 13:29:44 -0700
MIME-Version: 1.0
Content-Type: text/plain;
        charset="iso-8859-1"
Content-Transfer-Encoding: 7bit
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 6.00.2800.1158
X-MIMEOLE: Produced By Microsoft MimeOLE V6.00.2800.1165
X-ELNK-Trace: 
4d6687043113bbb2c1b8efd72c01d9e462d2b8899b25d1c194912d9701d72462bcb46d619c8cee4c350badd9bab72f9c350badd9bab72f9c350badd9bab72f9c
X-Originating-IP: 4.242.174.122
Subject: Re: [Homestead] Informal Survey of Housing Bubble
X-BeenThere: homestead AT lists.ibiblio.org
X-Mailman-Version: 2.1.8
Precedence: list
Reply-To: homestead AT lists.ibiblio.org
List-Id: <homestead.lists.ibiblio.org>
List-Unsubscribe: <http://lists.ibiblio.org/mailman/listinfo/homestead>,
        <mailto:homestead-request AT lists.ibiblio.org?subject=unsubscribe>
List-Archive: <https://lists.ibiblio.org/sympa/arc/homestead>
List-Post: <mailto:homestead AT lists.ibiblio.org>
List-Help: <mailto:sympa AT lists.ibiblio.org?subject=HELP>
List-Subscribe: <http://lists.ibiblio.org/mailman/listinfo/homestead>,
        <mailto:homestead-request AT lists.ibiblio.org?subject=subscribe>
X-List-Received-Date: Fri, 21 Jul 2006 20:29:47 -0000

One acre of land acrossed the street from me - about 300ft on a hill-
(over-looking the Columbia River and two lakes)- are selling for $250,000
just because it has the river view!  I live along the wildlife refuge that
overlooks the river and lakes, have a little over an acre and an average
sized home built in 71', a ranch.  My head is still spinning when I hear
what my place is worth!  -------I spoke with my daughter n law today and she
said we need to be prepared for our bubble to start bursting before long.  I
have slowly been renovating and am pretty close to done. (saved lots of
money buying builder returns & such) One fireplace is travertine and cost
$1,200. to redo!  The kitchen is a beautiful light maple, cost &3,500. Like
I said, I will most likely move 30 miles north where you can still buy a
place for around $200,000 or less---a real nice place...... and actually be
able to live!

----- Original Message ----- 
From: "Lisa K.V. Perry" <lisakvperry AT gmail.com>
To: <homestead AT lists.ibiblio.org>
Sent: Friday, July 21, 2006 11:47 AM
Subject: Re: [Homestead] Informal Survey of Housing Bubble


> On 7/21/06, Linda <intuit AT teleport.com> wrote:
> >
> > This is a farming community (was) and every large acreage has a for sale
> > sign on it, or HAS sold, and there are 250 new homes being built on the
> > land. <snip>  All my eyes see are homes being built left
> > and right while the locals are scratching their heads asking how people
> > can afford to buy these ridiculously expensive, and too large, homes.
>
>
> This is what is happening in our county as well.  We moved here in 1999,
> bought our farm in 2000.  Our land  was $2k per acre which was average
> then.  Now you can't touch any size parcel under $7-8k per acre, with
> particularly nice parcels with pasture land near the Blue Ridge Parkway
> going to upwards of $15-20k per acre!  It's absolutely unreal.
>
> The people moving here think our land is cheap.  That  included me in
1999,
> then we were looking to live outside Asheville NC, but the price then was
> $6k+ per acre.  In January, I closed a loan for a couple from outside of
San
> Fran CA who purchased a 25 acre farm.  They are living the dream and are
now
> discovering how laborious the homesteading life is, but they're happy.  We
> also get retirees from NC and younger retirees (50's) from all over (MA,
NC,
> WA, MD, PA) who made a killing in the stock market or inherited or
> something... who are buying farms and starting B&Bs or just for the heck
of
> it.
>
> There is some good news, I have met younger adults (30's) who are moving
> here to buy a farm to start CSA's and organic farms.  Have closed a couple
> of those loans in the last few years and meet more people like that all
the
> time.
>
> Lisa
> _______________________________________________
> Homestead list and subscription:
> http://lists.ibiblio.org/mailman/listinfo/homestead
> Change your homestead list member options:
> http://lists.ibiblio.org/mailman/options/homestead/intuit%40teleport.com
> View the archives at:
> https://lists.ibiblio.org/sympa/arc/homestead