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Housing Bust Recovery in 1930s

The housing bust is here and we can all expect home prices to decline every year for years to come. However, recovery will eventually happen and when today's market seems bad just take a look at t...  
 
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georgewu5 (8 months ago) Show Hide
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HOW SOON ?---GEORGE WU, A.I.A.
gjsterp (11 months ago) Show Hide
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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.
DISCOKINGRORY (1 year ago) Show Hide
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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.
amjohnstone (1 year ago) Show Hide
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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!
yankeegurl62 (1 year ago) Show Hide
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I wish the houses were still that price today, I could own one!!
gjsterp (1 year ago) Show Hide
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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...
pimmsUK (11 months ago) Show Hide
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Your taxes will not go down. How else will municipalies pay they're costs?
TYX91101 (1 year ago) Show Hide
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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.
JohnJFentiman (1 year ago) Show Hide
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Many people get their kicks looking at model homes. Even the husband is entranced by the modern accoutrements and ample storage space!

Talk about a slow news week :D
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