Housing Crash (Part 1)

[IIoWoII]

Why is "owning" a house so important to USA people...?

Either you pay rent monthly, or you think you own a house and you'll pay mortage monthly. It's almost the same.

[sovietjoybuzzer]

@IIoWoII You'd think, but that's not the whole story. You need to think about who's buying the homes. It's adults with children. Parents buy houses largely based on the school district in which the house is located. American parents are really buying "good" schools, so that their kids can attend even better universities. Housing costs ballooned, in large part, because Americans entered a bidding war for their children's future.

[FireGuyX]

zoning laws right?

[businessguys]

Yeah play the Barney Frank and Liberals fighting to keep Fnnie Mae and telling us Alll i well. You better head to wal mart.

[businessguys]

get out of your moms basement...

[SKUNKBALLScom]

I agree with what you're saying, but not with the MJ poster, they wasted millions of tax payers dollars on a pointless memorial at the staples center for that guy.

[moyvilla9]

I cannot add anything to this, you have it all becides that this housing crash is a good thing, it had [and was going to] happen sooner or later.

House prices were gone crazy, there was no way anyone could become a first time buyer of any decent home until they were nearly 40 if this "housing boom" kept going.

[xxiLOVEcbxx]

ont you just love stephen and his big words ^^

[qCOMODOp]

Loving the MJ Thriller poster going on in the background...got mine up on the walls

[AntonBatey]

lol cool.