Economy and real estate

Discussion in 'Economy' started by Alastair, Jun 30, 2011.

  1. Alastair
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    Alastair BANNED

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    Hi there,Economy has great influence on every field in the country,Real estate is a business which is also the victim of bad economy.What are the views here.
     
  2. expat_panama
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    expat_panama Silver Member

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    Huh. A lot of people say the economy is the victim of bad real estate.
     
  3. editec
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    editec Mr. Forgot-it-All

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    The fact that the price of the median home price continued to rise for decades when the median family income was falling or stagnating (taking inflation into account) made a massive correction in the price of real estate inevitable.

    I think when the median home price is no more than 2 times the median family income THEN the price of real estate will once again be aligned with the economy.
     
  4. Truthmatters
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    Truthmatters BANNED

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    It is just bizzare that soooooo many refused to understand that when the bubble was building.

    Including the president at the time.

    It was obvious to anyone with a brain housing was out of order with a normal economy.
     
  5. expat_panama
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    expat_panama Silver Member

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    --or so we've heard from our colleagues on the left. Census Br. and the BLS show real median household incomes rising steadily for decades with real home sq. ft. prices falling.

    Ping me if anyone want's a link/table/graph.
     
  6. william the wie
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    william the wie Gold Member

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    Off topic but how did this guy get banned so quick?
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Well duh, not after the drag on the economy Obamacare is going to be...
    :doubt:
    Gallup: In No Month of Obama Presidency Has Majority Believed Economy Improving
    Tuesday, July 05, 2011 - Barack Obama has now been president for more than 29 months, yet in none of those months has a majority of Americans believed the nation’s economy is getting better rather than worse, according to the Gallup poll.
    See also:

    Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job
    Tuesday, July 5, 2011 - The stimulus is now causing the economy to shed jobs.
     
    Last edited: Jul 5, 2011

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