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re: Why do the talking heads keep mentioning the 150% run up in the last 4 years
Posted on 8/9/13 at 1:39 pm to Doc Fenton
Posted on 8/9/13 at 1:39 pm to Doc Fenton
quote:
the fact that higher prices aren't tied to higher employment rates, that is troubling.
I concur with this point. However, as TBF said, there is foreign investment, as well as domestic entities who are flush, and looking for a place to park money. These are not as likely to sell in a crash and walk away. However, there is danger if even the rental market weakens due to chronically high rates of unemployment/underemployment - we already have a generation that is living with their parents. This will take 15 or 20 years to reverse.
Posted on 8/9/13 at 1:42 pm to Ace Midnight
Why is there uncertainty over ACA? People gotta buy insurance in 2014.
Three percent of big business will have to provide insurance, or pay a tax, in 2015.
I don't see uncertainty here.
Three percent of big business will have to provide insurance, or pay a tax, in 2015.
I don't see uncertainty here.
Posted on 8/9/13 at 1:44 pm to Ace Midnight
quote:
18%? That's a definite bump, if not a bubble.
Ace that 18% isn't really a big deal bc basically people were getting pre-approved for certain payments whether it be $1000/month, $2000/month whatever and now their payment could buy more so they were able to up their budget for a home.
I know I'm looking at condos in miami now and Im preapproved and had I bought 2 months ago I would have been a whole 1% lower and would have been able to finance that much more. So I think that 18% is more thanks to the low rates, but this time as rates rise, people who don't have to sell won't have to bc they'll either be locked in at low rates or will have paid cash.
Yes those who have to sell as rates rise will be in for a big shocker, but I really think most families THAT OWN HOMES are healthier financially than ever before. People are like corporations, the smart ones learned from the last time and now have more saved and are better prepared with better loans and less of the toxic type.
Now for the average american....I don't think he/she is better off today than back then, but the average american isn't a homeowner. The average homeowner in the US is a middle class or above american or a foreign investor or investment vehicle.
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