T.R.A.F.F.I.C auction- conspiracy?

[seanboy]

So you auction Indian domains to KGB agents in a cave? :spy: Are there any bats? Bats are cool. I notice your GoDaddy banners are gone. Was your cave sponsored by GoDaddy? How much does a cave cost? I think I want one for my auctions.

lol :lol:

 

[Theo]

Everyone at Traffic were Thunderbird agents. If you think that this is a joke then you have already been brainwashed. Take care.

Since this thread is a joke, allow me to state I am a fan of the Thunderbirds, Joe90, Captain Scarlett and Stingray :-D

Maybe the Mysterons run the central Registry!

 

[Johnn]

Cameras .com Auction

http://www.youtube.com/watch?v=ofOmqMGkfuY

 

[Beachie]

Cameras .com Auction

http://www.youtube.com/watch?v=ofOmqMGkfuY

That's a plush cave.

 

[seanboy]

Thats a phony video. Those people are all hand puppets.

 

[Andrew Shaw]

Any links to all of the domain names that were auctioned at TRAFFIC?

 

[Johnn]

http://auction.domainmanager.com/

 

[Nova]

$150k for Forclosures.com? What a bargain.

 

[Beachie]

$150k for Forclosures.com? Wow, what a bargain.

It's a nice one, strong overture, but note that it's a typo.

 

[Theo]

Expect lots of foreclosures, what with the real estate bubble bursting.

 

[TheLegendaryJP]

Expect lots of foreclosures, what with the real estate bubble bursting.

Especially where you live. Seasonal markets must be fun. :frusty:

 

[Theo]

Absolutely. Southern & Central Florida is one big soap bubble ready to go "pooof".

 

[TheLegendaryJP]

Absolutely. Southern & Central Florida is one big soap bubble ready to go "pooof".

IMO the only thing holding things " steady " are the rates. As a realtor I feel a shift here as well ( near Toronto ) but the prices are still going up, turn over time is slowing though.

 

[Theo]

Well the prices took off a little under 2 years ago and they followed the reverse trend of the interest rates. Those that chose ARM loans were hurt the most. There is an over-abundance of homes in my area, so much that builders are downsizing their projects or offer huge breaks. The time to buy is NOT now. In six months, those who put their homes on the market during the past 4 months will have to lower their asking price by 10, 20, 25% even. Those who will benefit are buyers who want a permanent home; a lot of the homes during the rush were bought by speculators eager to flip homes for profit. But hey, we do the same for domains :-D

 

[TheLegendaryJP]

I see, location is a huge factor in the affects of a down turn. Havent seen prices here drop at all in 15 yrs. Florida and the US coasts in general tend to shift dramatically. My gosh if prices dropped even 15% here it would mean WW3 has occured...lol Its funny to see those flip a house shows on tv, here in SE Ontario those things NEVER happen. Buy and fix to make $100K ? Only in the states baby. That is the american dream.

 

[Theo]

The difference is that the appreciation during the past 2 years was driven by low interest rates; the lowest of the past 40 years! But people borrowed huge amounts of money. Economy is not strong, we have ongoing wars and live under the constant fear of terrorism. So the market is volatile while interest rates are close to those of 2001. So when a house is placed on the market for $340k and sells for $285k that means it was already way above realistic value. Prices drop when people have a need to sell and no way of selling unless they offer competitive prices; it's turning into a buyer's market at this point.

 

[Creature]

Cameras .com Auction

http://www.youtube.com/watch?v=ofOmqMGkfuY

Thanks for the link to your video. Great to see. Even better as the auctioneer was obviously still wide awake at that point.

 

[PerfectNames]

We haven't seen an analysis of the way shadows fall in this movie yet. Come on guys, it's been a few hours already...

 

[namewaiter]

Cameras .com Auction

http://www.youtube.com/watch?v=ofOmqMGkfuY

huh, pretty cool ... man the lenghts people will go to to continue this facade of an auction :lie:

 

[Duckinla]

Its funny to see those flip a house shows on tv, here in SE Ontario those things NEVER happen. Buy and fix to make $100K ? Only in the states baby. That is the american dream.

I understand your lending policies are different in Canada. In the states we can lock in a very low rate for 30-40-50 years. Consider that at 5.5%, a payment on a $300,000 loan would only be about $1600. And that's mostly tax deductable. $1,600 may seem like a lot to someone now, but in 10 years they will most likely be ecstatic that they have that same monthly payment. I understand in Canada you can't go more than about 7 years on a loan. There's a lot of risk there that would certainly work to keep prices from going to high. If that 5.5% loan became 10%, your payment might look more like $3,200 per month.

Location is important as far as ability to build more homes. If you can build more homes nearby, that can bring down the price of existing homes. In some parts of the country you couldn't build a new home for 30 miles around without taking one down. I think that will help keep those prices higher. But the key really is the interest rates and monthly payment.