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What happened to the traditional home buyer?


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2014 Mar 27, 5:24am   3,908 views  10 comments

by jojo   ➕follow (2)   💰tip   ignore  

http://www.doctorhousingbubble.com/average-time-home-buyer-stays-in-home-young-living-at-home-average-house-size/

It is surprising that somehow people believe that prices can simply go up untethered to actual incomes especially in an environment that looks to have higher future interest rates. When we look at futures data the market is now pricing in a 100bps move in interest rates higher over the next year. The so-called traditional buyer has been a weak participant.

#housing

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1   smaulgld   2014 Mar 27, 5:49am  

jojo says

This guy must be reading my posts.

and my blog!

2   Heraclitusstudent   2014 Mar 27, 5:49am  

jojo says

It is surprising that somehow people believe that prices can simply go up untethered to actual incomes

Sometime Americans prove to be extremely gullible.

3   smaulgld   2014 Mar 27, 5:49am  

APOCALYPSEFUCKisShostikovitch says

Too bad.

Tell those ASSHOLES! to get a fifth part time job and rob some liquor stores and get their downpayment together.

really- where is the initiative?

4   RentingForHalfTheCost   2014 Mar 27, 6:49am  

jojo says

Call it Crazy says

See.... Your blaming the Boomers for spending all your money... Put the blame where it belongs!!!

USA = broke

We are going to have to shut down SS and Medicare. No money left. Going out of business.

I'll fly back for the wake when it happens. Just to see the long faces on the land and property owners in this country. Owning a piece of bankruptcy is not the dream btw. Good luck to all.

5   smaulgld   2014 Mar 27, 7:03am  

Call it Crazy says

jojo says

Call it Crazy says

See.... Your blaming the Boomers for spending all your money... Put the blame where it belongs!!!

USA = broke

We are going to have to shut down SS and Medicare. No money left. Going out of business.

Nice!!!

Boomers learned to exploit the classic flaw in democracy-they learned to live off others by voting themselves raises. Millennials have yet to learn that trick.

6   NDrLoR   2014 Mar 31, 2:05am  

APOCALYPSEFUCKisShostikovitch says

ASSHOLES!

I was expecting this.

7   smaulgld   2014 Mar 31, 2:08am  

jojo says

If you mean they voted to lower their own taxes to unsustainable levels, then used pensions and Social Security to plug the gaps and are now saying they paid their self imposed artificially lowered taxes and are owed those same entitlements...

Then yes, it is exactly what that disgraceful, slothful and embarrassing group did....

Smaulgld Says:

It's inevitable that ANY generation would do the same-its predictable human behavior

8   NDrLoR   2014 Mar 31, 2:19am  

What happened to traditional anything?

9   exfatguy   2014 Mar 31, 3:52am  

We're paying more than we should for everything (utilities, food, gasoline, taxes) and we seem fine with it, so why should housing be any different?

10   hrhjuliet   2014 Mar 31, 3:37pm  

P N Dr Lo R says

What happened to traditional anything?

Purposeful manipulation and unethical business and governmental practices with the goal of destroying the middle-class. Why? To bring us back to feudalism, which is the way sociopaths with money or power like it.

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