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Rising house prices are unsustainable

By retire59   2013 Jun 21, 5:01am   2,483 views   12 comments   watch (0)   quote      

http://www.nbcnews.com/business/realtors-rising-home-prices-are-unsustainable-6C10400738?source=Patrick.net

Well, it must be worse than this if the Realtors are saying rising home prices are "Unsustainable"....look out....

#housing

Comments 1-12 of 12     Last »

1   APOCALYPSEFUCKisShostikovitch     2013 Jun 21, 5:04am  ↑ like (3)   ↓ dislike   quote    

Commie twinks. There is no reason you can't double housing prices every year forever, unless you hate Success and want to destroy the economy. Get with the Program! Get with Success!

2   FortWayne   414/418 = 99% civil   2013 Jun 21, 6:14am  ↑ like   ↓ dislike   quote    

Well nothing can sustainably rise to infinity. It just has to match the income of the neighborhood to be reasonable.

3   retire59     2013 Jun 21, 6:33am  ↑ like   ↓ dislike   quote    

I just find it interesting in this article, that the NAR is being the 'bear' and they are usually the cheerleaders....so we better duck. ;)...

4   Reality     2013 Jun 21, 6:49am  ↑ like (1)   ↓ dislike   quote    

The Realtwhores need inventory to sell. The homeowners holding out for higher prices are cramping monthly commission revenue.

5   marcus   685/689 = 99% civil   2013 Jun 21, 6:54am  ↑ like   ↓ dislike   quote    

Good interpretation. They are trying to bring the sellers out.

Problem is, the potential sellers are probably either happy where they are, or they're underwater and can't sell..

6   Tim Aurora   201/201 = 100% civil   2013 Jun 21, 6:59am  ↑ like   ↓ dislike   quote    

I agree that the future rise in house price is going to be muted for the following reasons. Infact we may see apullback of a few percentage points.

1. Higher interest rates will curb the price
2. Income increase per household is only increasing at 1-2%
3. Construction cost which rose dramitically earlier are now back to normal. Hence the builders are competetive again.

7   JodyChunder     2013 Jun 21, 7:06am  ↑ like (2)   ↓ dislike   quote    

Just increase the minimum wage to $28.00 an hour.

Done.

8   FortWayne   414/418 = 99% civil   2013 Jun 21, 8:02am  ↑ like   ↓ dislike   quote    

donjumpsuit says

JodyChunder says

Just increase the minimum wage to $28.00 an hour.

Done.

I agree. Do it like the Germans.

Germans probably don't have 11 million mexicans willing to work for cash below minimum wage. Nor do they send millions of jobs to China to work for pennies.

I could be wrong though.

9   Ceffer   550/550 = 100% civil   2013 Jun 21, 9:20am  ↑ like (1)   ↓ dislike   quote    

If you have not already taken out multiple HELOCs, you are just behind the curve and deserve to lose.

You have argued with success and lost.

10   Fucking White Male   234/235 = 99% civil   2013 Jun 21, 9:49am  ↑ like   ↓ dislike   quote    

*yobs

11   postbubblesucess     2013 Jun 27, 9:46am  ↑ like   ↓ dislike   quote    

Gay Latinos run California

12   mell   63/63 = 100% civil   2013 Jun 27, 10:07am  ↑ like   ↓ dislike   quote    

Germany doesn't have federally (or state) mandated minimum wage, certain fields of work do through the unions (which then is enforcable by law).

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