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You May Regret Not Buying a House


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2012 Dec 17, 3:46am   1,571 views  3 comments

by BobMSN   ➕follow (0)   💰tip   ignore  

http://www.cnbc.com/id/100321317

"Home prices are on the rise and potential buyers may look back and regret not taking advantage of today's low rates and good affordability, Hovnanian CEO Ara Hovnanian told CNBC on Monday. "

The best advice you could have taken 7 years ago.:>

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1   Tenpoundbass   2012 Dec 17, 4:21am  

Yeah it will be like the guy in 1954 that didn't buy the new fanged Stratocaster by Leo Fender for $20 because he was hoping to find one of them there Gibson Les Paul studio guitars for less than $150.

Today
A run of the mill all original 1954 Stratocasters can fetch upo $250,000.
A Les Paul would have to had been owned by a Rock legend to fetch close to that.

There's plenty of good deals out there. I think the problem is, while it is still a "Location-Location-Location" world, people are confused about where their location is.

Boy just imagine what a world it would be if all schools were "Good School" district? Funny thing the "Good School" dilemma didn't even exist until Bush started his "No Child left behind" Bullshit.

2   JohnLaw   2012 Dec 17, 4:45am  

The CEO of a mega home builder is using fear tactics to peddle RE? I'm shocked!

3   futuresmc   2012 Dec 17, 4:55am  

CaptainShuddup says

There's plenty of good deals out there. I think the problem is, while it is still a "Location-Location-Location" world, people are confused about where there location is.

Boy just imagine what a world it would be if all schools were "Good School" district? Funny thing the "Good School" dilemma didn't even exist until Bush started his "No Child left behind" Bullshit.

No, the 'Good Schools' dilemma started in 1971 with the Supreme Court's San Antonio Independent School District v. Rodriguez decision, where the court said that a state or local government wasn't required to offer every student within its perview an education of equal quality but only meet a minimum standard set by the state. This permitted the public schools in poorer, low tax base communities to become underfunded and underserved and gave wealthier communities carte blance in pulling away from their less fortunate neighbors in the educational opportunities they offered their children through public schools. It also opened the door to redistricting that was used to keep the children of the poor out of wealthier taxpayers' public schools and to pass laws that fined or even imprisoned parents who tried to lie about their address to get their children into a better school.

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