Truthmatters
Diamond Member
- May 10, 2007
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So you're good with the fact that millions of people are under water on their mortgages and their largest asset is now worth 1/3 of what they paid for it? Why do you hate senior citizens?
Actually I made out very well as a result of the housing crunch. I bought my current home for 28% of what it sold for in 2006.
My late father's house, however is rented out now, at least until the market recovers because it's value is roughly that same 28 to 30% of what it was at the peak.
I read something about a week ago speculating that prices will continue to fall slightly more in 2012 .
This is part of the reason we are seeing a recovery
Now look at the chart and see where it starts its precipious rise.
Right when Gramm Laech Blialey was implimented.
Corrections when some fo GLB was implimented.
The protections written into the laww were not implimented for YEARS
Now look at the chart and see where it starts its precipious rise.
Right when Gramm Laech Blialey was implimented.
Corrections when some fo GLB was implimented.
The protections written into the laww were not implimented for YEARS
GLB was signed in 1998, the price increase you are pointing to started in 1997.
Your chart is a year out of date. Here's an update:
I don't think so.
RE is still over-priced in comparison to wages.
This is part of the reason we are seeing a recovery
Politicians don't want housing costs to be realistic, they prefer higher costs in order to get more taxes from people who own houses.
what is this mill rate Editec?
~S~