Housing Bust Recovery in 1930s
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It shows that real estate investors getting richer each year?
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"Ohh, I know how wives are!"
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HOW SOON ?---GEORGE WU, A.I.A.
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Your taxes will not go down. How else will municipalies pay they're costs?
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What people do not realize is this has already happened in michigan. You can pick up 150k houses for about 30K now. Its coming to the rest of the USA soon.
3 years ago 2
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"Less than they pay for rent". We still have a long way to go. Even after the price drops over the last couple of years!
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I wish the houses were still that price today, I could own one!!
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Very interesting.
My house is currwently worth about $150K
In three years it could be worth $15 K
What a unique thought.
Taxes would be about $100.
Sounds good to me...
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Buyers will be waiting for prices to drop even further. If you're lucky enough to sell the home, try renting for a few years.
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"Monthly payments less than rent", gives a good hint of when a housing recovery will start...
BearByTheBay 4 years ago 4
Well, think about it. If housing prices crash, people who work at McDonalds will be able to buy homes, and people with better jobs will be able to pay them off sooner, which means less interest to the banks. We win and the banks lose.
Who really cares except the banks.
Let the housing market crash, along with the stock market, which is gambling called investing.
gjsterp 3 years ago 3