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RayAmerica
2010 Sep 24, 12:36pm
I'm sure another stimulus will turn the housing market around. Don't believe it? Look at how well all the others have worked. Obama's housing stimulus is his "Hope & Change" in a nutshell. Too bad the nut has a worm in it. LOL
Updated Chart ...
Prices in Bay Area still falling! http://www.housingbubblebust.com/OFHEO/Major/NorCal.html
Florida certainly has bottomed or close to it.
http://www.housingbubblebust.com/OFHEO/Major/Florida.html
bubblesitter
2010 Sep 24, 3:48pm
Obama’s housing stimulus is his “Hope & Change†in a nutshell.
Agreed.
Obama’s fiscal policy has helped housing ease into a soft landing, ensuring affordability while avoiding the worst effects of volatility. The above chart clearly shows that housing prices are returning to sustainable levels *without* a Great Depression, a deflationary spiral, or hyperinflation. Obama has already managed to erase many of the worst mistakes of eight years of staunch Conservatism.
This is just *another* feather in Obama’s cap. His reelection in 2012 is almost guaranteed.
LOL.
http://finance.yahoo.com/news/Pace-of-new-home-sales-second-apf-16855107.html?x=0&sec=topStories&pos=9&asset=&ccode=
No surprises there.
The development next door is having a sale:
WAS 399K NOW 339K
WAS 239K NOW 199K
and on and on and on.
Living in the exurbs these days is humorous. Two developments over from mine we have a 1M+ neighborhood (that would be 2-3M for those of you in coastal CA). 100 lots were developed, but only one single house was ever built. It's at the very "bottom" of the neighborhood so the entire development must be plowed in the winter in order for that one house to have access to an exit. Our exurb is "rich" so they just go ahead and plow it, but on the other side of that development is another, much larger monstrosity. Nearly 100 ACRES were developed (streets, curb, gutter, ornamental street lighting, parks, walking paths, man-made ponds, etc.), but NOT A SINGLE HOUSE has been built in it for almost three years now.
Guess what though? The city PLOWS the entire empty development after each snowfall.
WHY? So a real estate agent can get in there and take photos for his website?
#housing