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home prices hit ten year low

By errc   Follow   Tue, 27 Mar 2012, 7:07am   1,258 views   8 comments
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Party time!
Excellent!

Hopefully we'll be back to 96 prices by 2016

So long as oBammers second term doesn't bring us anymore housing bailouts, buyers tax credits, or any other masures to meet their goal of Affordable Housing, by spending taxpayer monies, to make housing costs AND taxes go higher

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1. ZMan Follow Befriend 5 threads 51 comments

   1   7:17am Tue 27 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   This will continue on until the job market recovers. There is no reason right now why homes prices should stabilize. Nothing has been addressed economic wise that would say ok, we are heading in that direction http://www.dailyjobcuts.com .

2. errc Follow Befriend (7) 30 threads 1,220 comments 31 male Premium

   2   7:28am Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   Vote Santorum! He will fix the job problem Send women back into the home where they belong. Ban them from wearing shoes Jobs don't dictate house prices, credit does. All we need is infinite leverage, and we can all be rich, with million dollar mortgages

3. SJ Follow Befriend 17 threads 157 comments

   3   7:29am Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   Cool now we need prices to drop another 50% in the RBA to bring things back to reality. Anyone with a 100-200k salary should be able to afford a home in the USA.

4. ZMan Follow Befriend 5 threads 51 comments

   4   8:25am Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   errc says Vote Santorum! He will fix the job problem Send women back into the home where they belong. Ban them from wearing shoes Jobs don't dictate house prices, credit does. All we need is infinite leverage, and we can all be rich, with million dollar mortgages Hahah Correct. But I do love the argument that jobs don't dictate home prices. Try to get a loan without a job, its not very easy to do anymore. Even with a job, it takes weeks of paperwork.

5. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,036 comments Pleasanton, CA Premium

   5   8:31am Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   ZMan says errc says Vote Santorum! He will fix the job problem Send women back into the home where they belong. Ban them from wearing shoes Jobs don't dictate house prices, credit does. All we need is infinite leverage, and we can all be rich, with million dollar mortgages Hahah Correct. But I do love the argument that jobs don't dictate home prices. Try to get a loan without a job, its not very easy to do anymore. Even with a job, it takes weeks of paperwork. Screw loans. Get a job, rent a piece of crap shack next to the freeway and work hard to starve the realtors, agents, banks, etc. They all want your money, f&*k em. They add no community value and should starve. The only thing they make is themselves rich off of your hard earned money. Scum of the earth. Buy when you can, when you can afford to not need these greedy MFers. Rent a shack until you can afford.

6. curious2 Follow Befriend (5) 31 threads 2,265 comments Premium

   6   9:23am Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   Nationally, real prices remain 6% above normal, although that is the closest to normal since around 1998: http://www.multpl.com/case-shiller-home-price-index-inflation-adjusted/ But, in areas like NYC metro and SF Bay, prime areas remain very highly priced while subprime areas are collapsing. The subprime bubble pushed up prices everywhere, like a stadium effect. So far only subprime has come down, leaving prime areas elevated for no inherent reason other than anchoring and artificially low interest rates. BTW, Fed Chair Bernanke was appointed by G.W. Bush, not Obama. Bailing out Fannie & Freddie, and now using Fed $ to buy mortgages (thus artificially reducing mortgage rates), are bipartisan consensus policy to "help homeowners" because both major parties work primarily for big bankers, insurers, realtors, builders, etc. There are a few exceptions, e.g. Ron Paul and Ralph Nader, but they are swimming against a tsunami of financial interest influence.

7. ZMan Follow Befriend 5 threads 51 comments

   7   9:23am Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost says Screw loans. Get a job, rent a piece of crap shack next to the freeway and work hard to starve the realtors, agents, banks, etc. They all want your money, f&*k em. They add no community value and should starve. The only thing they make is themselves rich off of your hard earned money. Scum of the earth. Buy when you can, when you can afford to not need these greedy MFers. Rent a shack until you can afford. Right, if you can't afford a house definitely don't get one. Save your money and rent. With taxes and everything you will actually make out.

8. realitycheck Follow Befriend 2 threads 47 comments Fremont, CA

   8   9:26am Tue 27 Mar 2012   Share   Quote   Permalink   Like   Dislike   http://viableopposition.blogspot.ca/2012/03/foreclosures-in-america-is-situation.html