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Again, the sheep will get slaughtered when the housing market collapses.
Again, the sheep will get slaughtered when the housing market collapses.
I guess even the powers to be, who ever they may be, understand home price appreciation only keep up with inflation and incomes over the long run ... (R. Shiller facts). Else they wouldnt have allowed further declines in prices.
LOL! how do you explain to millions of all those homeowners (outside of CA) that the higher property tax due to higher market values during the boom years was all BOGUS...
I bet many want their property tax payment back...
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RealtyTrac, CoreLogic Confirm Housing Bear Thesis: 85-90% of REO Being Held Off Market, Meaning “Tight” Inventories Are Bogus
http://www.nakedcapitalism.com/2012/07/realtytrac-corelogic-confirm-housing-bear-thesis-85-90-of-reo-being-held-off-market-meaning-tight-inventories-are-bogus.html#5y9tQYtW81UaISZe.99
#housing