Is It Just Me ~ Or Is the Housing Market Starting to Improve?

[mortimer]

Originally Posted by modeerf

What we have is a ... society that will fall like Rome, but with a lot less class.

Nice prediction, but the fall of Rome did not happen with class either.

In the end, it was a siege that drove them to open the gates to the Goths.

Life wasn't very pretty in the city during that siege.

[freemkt]

Originally Posted by Gretchen B

Is It Just Me ~ Or Is the Housing Market Starting to Improve?

Depends on how you define improve and whom you ask. Rents here are up 8 percent (NAR) to 10 percent (a major local broker) over a year ago. Bad news from where I'm standing.

[hueyeats]

Say even if the economy tanks totally...

I would say people in their own home sitting and waiting to be foreclosed on without making the payments is still in a better situation than people who are renting and will be really forced out if the rent payment quits.

Renters usually are given a 90 day to evacuate... while people in foreclosed home may be still in there for 6 months to 3 year?

IMO, home owner win out.