Well thats that (4 Viewers)

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Zé Tahir

JhoolayLaaaal!
Moderator
Dec 10, 2004
29,281
Nope, never heard of the place, but know where Market Street is. The thing is that I went to High School in Potomac, Marlyand, and i go to college in Rockville, so i don't know frederick that good, I usually hand around Potomac, D.C/Georgetown. I go to the hukkah bar like ever week! And the other thing is that I don't drink, so i really don't keep check of where the pubs or bars are. But that's awsome that he lets you guys drink 'cause you won for him LOL. :D Really shows how country this plays is
 

Bjerknes

"Top Economist"
Mar 16, 2004
111,531
Yeah Frederick is indeed a nice place. I used to live there myself. The city is growing rapidly now, and the burbs are growing. Downtown is a very nice place.
 
Apr 12, 2004
77,165
++ [ originally posted by iBianconeri ] ++
Nope, never heard of the place, but know where Market Street is. The thing is that I went to High School in Potomac, Marlyand, and i go to college in Rockville, so i don't know frederick that good, I usually hand around Potomac, D.C/Georgetown. I go to the hukkah bar like ever week! And the other thing is that I don't drink, so i really don't keep check of where the pubs or bars are. But that's awsome that he lets you guys drink 'cause you won for him LOL. :D Really shows how country this plays is
What High School?

Was it the Heights?
 

Zé Tahir

JhoolayLaaaal!
Moderator
Dec 10, 2004
29,281
++ [ originally posted by Andy ] ++
Yeah Frederick is indeed a nice place. I used to live their myself. The city is growing rapidly now, and the burbs are growing. Downtown is a very nice place.
definatley man! Real estate prices have gone up sooo much here, it's crazy. It's like Urbana, been there?
 

Elnur_E65

Senior Member
Feb 21, 2004
10,848
++ [ originally posted by iBianconeri ] ++


definatley man! Real estate prices have gone up sooo much here, it's crazy. It's like Urbana, been there?
Real estate prices appreciated on average by 800% since 1981.

But during the next 12 months they will go down by at least 25%
 

Elnur_E65

Senior Member
Feb 21, 2004
10,848
++ [ originally posted by iBianconeri ] ++


hmm...i guess. but the economy is so fvcked up right now:confused:
I am basing my ideas on the following:

The Fed raised interest rates yet again by 0.25% and they now reached 2.75%. As the US economy is expanding, Alan Greenspan will keep raising the rates, and I expect that by the end of this year we will see a more rapid rases.

Many people, when signing a morgage for a house, use variable interest rate, which means that when interest rates are low- they pay less, but when rates go up, they will pay more.

So now, people who bought houses for $400- $700 are paying anywhere between $2,000 and $5000. But as variable rates change- so will their payments. Since their salaries stay the same- they will not be able to afford their houses. Subsequently- they will slowly start to sell them and move into a residence they can afford.

That's what will push the price down. And prices should go down. It is ridiculous that a house you bought for $300k a year ago now costs $700k
 
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