forgot password?   register

#housing #investing #politics more»
734,996 comments in 75,624 posts by 10,903 registered users, 10 online now: APOCALYPSEFUCK_is_ADORABLE, astronut97, justme, lostand confused, marcus, Patrick, Quigley, rpanic01, socal2, tr6

new post

Americans' financial difficulties increase sharply

By smaulgld   2013 Sep 12, 7:29am   389 views   2 comments   watch (0)   quote
No worries-financial difficulties never stopped anyone from buying a home!

Americans assessment of their current condition weakened this month, with declining sentiment compounded by a sharp rise in financial difficulties.

Comments 1-2 of 2     Last »

1   smaulgld   9/9 = 100% civil   2013 Sep 12, 9:10am  ↑ like   ↓ dislike   quote    

Not sure where the counter data is to support a continued housing recovery other than wishful thinking

2   Heraclitusstudent   181/181 = 100% civil   2013 Sep 12, 9:30am  ↑ like   ↓ dislike   quote    

The bullish argument is clear:
- Low inventory
- More money sloshing around
- Higher population
- Higher rents

The scarcity may be artificial, but the results are clear.
Once prices are higher, you get other feedback mechanisms.
- Foreclosures, delinquencies, underwater people are all lower
- Banks toxic loans are less toxic than they were.
- more people can move up

In the longer term, it may not be enough, but until the next crisis, that's what you get.

Comments 1-2 of 2     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home