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Are home prices going to plunge in value? If so, should you sell your homes now to avoid a) lost potential gains, and b) being underwater on your mortgage? Well if they do plunge in value both a) and b) are certainties and we will enter a depression, in which case it’s time to emigrate [...]
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LA Times goes boldy where no newspaper has gone before. The big question is the pool of pent-up demand and buyer’s in waiting bigger enough to take up the slack and prevent a free fall? Maybe. http://www.latimes.com/business/la-fi-petruno-20100828,0,6008427.column by TaylorMiles My boyfriend and I are looking into buying a home. I have good [...]
admit it would be nice if everyone could afford to own their own home, the reality of events in the real estate market lead us to question this possibility. Most economists agree that the price is an efficient allocation of scarce resources. It’s just that our belief system puts so much emphasis on housing? What [...]
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seems to have some sense, as a homeowner in California and investors once again I think it is very possible. What do you think? I have argued that house prices becomes faster and stronger than anyone thinks. If I have this idea for awhile now. I know most everyone thinks I’m out of my mind, [...]
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I wasnt very responisble when I was younger with paying bills on time or at all, and I have paid all the back bills off but 2 that will be paid at the beginning of the year. And I just got married and my husband has no credit but we are sick of renting and [...]
It seems like most economists are saying the worst days of the recession are behind us and some brighter days are ahead. I don’t know but I think prices are positioned to rise modestly as renters recover their jobs/ have more confidence in the market and re-enter the housing market. Obviously it won’t be the [...]
Hi all. I’ve been thinking about buying a home recently but I am a bit hesitant, living in South Florida I’ve seen the volatility down here for some years. I don’t know how much I could qualify for, my credit score is around 830, I have about 20K saved up and I make [...]