looks like we have a double dip in housing

#5
#5
Just makes them more affordable for the 9.9% of people who are out of work. Obama's plan makes perfect sense in the grand scheme of things.
 
#8
#8
Homes are still way too over priced. The used home market is saturated beyond belief and the new home market is just setting there with vacant lot after vacant lot in ghost town subdivisions.
 
#9
#9
myrobbins7 said:
But, but what about that Hope and Change stuff, this couldn't be right...
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Can only do so much so fast to recover from the Bush administration's utter irresponsibility in managing the economy until it was on the brink of collapse.
 
#10
#10
NEOCON said:
Homes are still way too over priced. The used home market is saturated beyond belief and the new home market is just setting there with vacant lot after vacant lot in ghost town subdivisions.
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it's certainly looking this way. what's lost is all the properties on the banks books that normally would have been forclosed on. big inventory to get rid of before home prices can go back up.
 
#11
#11
lawgator1 said:
Can only do so much so fast to recover from the Bush administration's utter irresponsibility in managing the economy until it was on the brink of collapse.
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And there it is "Bush" love it LG. Hey, when will Obama be the Pres?
 
#12
#12
lawgator1 said:
Can only do so much so fast to recover from the Bush administration's utter irresponsibility in managing the economy until it was on the brink of collapse.
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please explain specifically what you believe the bush administration did to kill the economy.
 
#13
#13
I remember when I was a teenager, 20 years ago, when 200K would buy a house that cost 500K today. A girl I dated in high school lived in a house her parents, who were both doctors, bought in 1992 for 297K. The house was on a golf coruse and amazing. The house reached an apex of 860K in 2008 and is still valued at over 600K. Wages have not changed enough to warrant the housing market to change that much.
 
#14
#14
have to agree with you. i make excellent money and still can't afford a house with any land in west LA. i always wonder who is buying these houses.
 
#16
#16
myrobbins7 said:
China? :)
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funny you say that. my parents sold their home a couple of years ago and now live in an ultra luxury condo complex. currently 30% of the condos are in foreclosure. at least half the buyers the past year have been either from china or the middle east and have paid in cash.
 
#18
#18
droski said:
funny you say that. my parents sold their home a couple of years ago and now live in an ultra luxury condo complex. currently 30% of the condos are in foreclosure. at least half the buyers the past year have been either from china or the middle east and have paid in cash.
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No doubt.. China and ME. investors and others have been buying alot in the past few years.
 
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