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Did New Car Sales Bottom in November?
The Housing Market Will Improve with Lower Prices, not Lower Interest Rates
No owning a house should not be a huge burden on a family.
Interest rates are nice but in the end if the avg person lives in a house 7 years you better hope that interest rates stay low for a long time so your future buyer can afford the house you want to sell.
Houses are unaffordable based on local incomes across the country. No in all areas but in the major regions of the country with higher housing prices houses are still over priced vs local incomes.
So do not let any realtor just talk about those ponzi mtg rates the price you pay is important so when you have to sell you can find a buyer that can afford it like you.
Are Home Sellers' Price Expectations Really That Inflated?
Oh and all those fools with no money down using someone else's money was not royally screwed by realtwhores and sellers cheerleading the crooked ponzi scheme?
This exactly what housing became, but houses are an expensive item to maintain and carry people do not realize until they buy one for the first time.
Houses will continue to plunge until they are at affordable levels vs median incomes in a local region. If i was a buyer today asking would mean nothing. I would base it on the local incomes and in my area that would mean another 15-20% lower prices. Why people buy something that saddles themselves with debt and takes a huge chunk of take home pay is beyond me. It gets old after while since every year taxes go up and cost of living. So what you see this year is not next years or the year after bills.
Are Home Sellers' Price Expectations Really That Inflated?
Are Home Sellers' Price Expectations Really That Inflated?
Realtors played a big role in pumping up house prices during the bubble and now their propaganda arm has finally admitted the housing market is in a depression....but before that this unethical organization continually has called a bottom since the peak prices. They have hurt many families who put their blind faith in these thugs.
House prices in many high markets are still not anywhere near affordable for the local median incomes. When prices drop down to fundamentally sound valuations based on median incomes in the local region then houses will start to sell, but some of the non-sense that is going on by sellers in this market is just silly.
Real Estate Industry: Looking For Another Bailout
The NAR realtors builders appraisors and mtg brokers need to suffer for their reckless greedy pumping over the bubble period.
Attractive Dividend Stocks in the Buy Zone
White Mountains Insurance Discusses Berkshire Transaction
News Pitch: Why To Buy News Corp
Housing Prices: Bottom or Temporary Bear Break?
It is quite obvious that renting is absoluting cheaper by wide margin vs buying in my area or even vs an income property. Cap rate at current RIP off asking prices is something like 3%. All that headache for 3% cap rate.
LOL!
It is amazing to me how the whole group collude together to talk up house prices or will be hesitant to mention huse prices are completely out of wack with incomes. Of course incomes and house prices are different across the country so 3-4 times median income vs house price seems to be a good general rule. You'll see in many areas that is 7-8-9-10 times incomes.
It does not compute. We have a bunch of fools in this country who like debt slavery.
Housing Prices: Bottom or Temporary Bear Break?
I think many people may be surprised at how long house prices go down and how far they drop.
Housing Prices: Bottom or Temporary Bear Break?
Owning a house is very expensive. the upkeep alone can be crushing along with escalating property taxes and insurance.
For now many of the dolts that were buying houses at any prices are locked out of the market because they are either being foreclosed on or can't find a lender to hand them over the loot. Thank god this has come to an end. the country was on the verge or near going bellyup.
Leucadia's Key to Success
how about giving more detail on the business makeup and the valuation?
News Pitch: Why To Buy News Corp
Goldman Forecasts Japanese Equity Recovery from Mid-2009
How does the valuation of ewj today look historically?