4 Reasons Why the Housing Market Still Hasn't Recovered

Discussion in 'Politics' started by Conservative, Jun 22, 2012.

  1. Conservative
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    Conservative Type 40

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    4 Reasons Why the Housing Market Still Hasn't Recovered - Reason.com
    And the part that really agrees with what I am saying...

     
  2. Avorysuds
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    Avorysuds Gold Member

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    Pretty much.

    You can't have people buying homes when the job you have might not be around in 5 years or you already lost your job. Just reality.
     
  3. freedombecki
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    freedombecki Let's go swimmin'! Supporting Member

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    Well, I hope things work out ok, Conservative. Thanks for a thought-provoking thread.

    Something that would help the housing market tremendously would be for people who are marginal borrowers would be well served to slow down their personal spending, and be sure the mortgage is paid up. That's when the housing market will recover.
     
  4. Douger
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    Douger BANNED

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    Reason #1. Because murkins used their homes as an ATM machine only to find out that the house is worth about 1/2 of what they owe on it. This means they'll die there and never be able to sell or move elsewhere.
    Your masters really, really love this scenario.
    Zillow - Real Estate, Homes for Sale, Recent Sales, Apartment Rentals
    Go check on family and friends addresses and you might understand. If not ? Get a 17 year old Meskin (preferably"undocumented") to explain it to you.
     
    Last edited: Jun 22, 2012
  5. Jackson
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    Jackson Gold Member Supporting Member

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    People have to have jobs or not in fear of losing the one they have to be active in the home market. That leaves a great portion of the population out of the game.
     
  6. Toro
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    Toro Diamond Member

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    The article is somewhat flawed.

    First, it appears prices have stabilized. Second, if you do the math, we will clear away the excess inventory away within the next 18-24 months. There is only a minor correlation between negative equity and defaults. There is a strong correlation between 90-day delinquency and foreclosure. 90% of mortgages that are 90-days delinquent will be foreclosed. There are roughly 4.5 million mortgages that meet this criteria, implying 4 million shadow inventory. But there is always a shadow inventory of some kind. Explicit inventory is in balance at 6 months supply, the long-term average. However, that supply will shrink when sales normalize. We are building about a million homes less to meet household formation and depletion, and household formation has been stunted because of the recession. When you run the numbers, it comes out that we will be in real equilibrium some time in 2014, give or take a few months.
     
  7. francoHFW
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    francoHFW Platinum Member

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    ..because Pub disfunction, austerity, fear mongering, and refusal to do anything to help the economy since 2/2010 have ruined the recovery from THEIR DEPRESSION?

    "No compromise, un-American tea party GOP" (TIME)...
     
  8. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Four more reasons just for Franco:

    1. Barack
    2. Hussein
    3. O
    4. Bama

    :D
     
  9. Ernie S.
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    Ernie S. Platinum Member

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    Hey I quit my job and bought a house on the same day, 15 months ago.
     
  10. Texanmike
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    Texanmike Active Member

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    The housing market hasn't recovered because the money is fake.

    Mike
     

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