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Buying a New Home Means Paying More; Here's Why

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Uploaded by on Mar 23, 2011

Buyers of new homes plunged in February to the fewest on records dating back nearly half a century, and new home prices are now 30 percent higher than of those being resold _ twice the markup in healthy housing markets. (March 23)

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  • fuck this shit. Houses in kamloops bc canada are at the highest theyve ever been and the greasy realtors are rakin in the cash while people are getting raped paying 400 thousand dollars for a fucking mediocre super old house. This world is fucked and definitely needs to change. r

  • @pvtjamesryan3

    Well..a hundred years ago maybe.

  • @yaplonglong

    Yep, we're going to be living the fallout from Bush for decades.

  • I've had a new home once, and didn't like it. The construction was flimsy and the place had no character. Walls were paper thin. I'd rather have an older place with character even if I have to work on it and upgrade it. one of my houses was built in 1933 and I love it.

  • people can barely afford to buy overpriced 60 dollar video games.. forget overpriced homes... 

  • WOW! that's 800 homes a day that go into foreclosure! Do you have 800 new home buyers everyday, when jobs are losing left, right and center.

    On the other hand the Gov inisist there is NO INFLATION. So prices of home will keep going down. Right? I don't know, you tell me.

  • @Steve2323ZX This is correct. I can perform for half the price of the meat grinder realtors/ parade of homes/standard that is out there trying to survive. I can produce at $50 dollars per. on a no up grade. Yet with good looks like a beach side style.

  • the higher prices of materials like lumber and copper should be offset by the large number of unemployed contractors who are willing to work for less money.

  • .. Supply & Demand ..

    Gotta keep them prices profitable ..

    .. Cha Ching ..

  • It's not hard to comprehend.

    Inflation along with supply/demand causes the rise of lumber.

    The guy they interviewed is wrong. Oil doesn't drive everything. The value of the U.S. dollar drives the U.S. economy.

    If you want a true value of the dollar you have to compare it to Gold or Silver.

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