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Old 05-18-2016, 09:59 AM
 
Location: Kingsport, TN
1,697 posts, read 5,717,273 times
Reputation: 1728

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Home values across the US increased an average of 13.5% during this timespan; many cities in TN fared better. From best to worst...

+31% Nashville-Davidson-Murfreesboro-Franklin
+25% Clarksville
+24% Kingsport-Bristol
+23% Knoxville, Johnson City, McMinnville
+22% Martin, Greeneville, Cleveland, Athens
+21% Shelbyville, Paris, Cookeville
+20% Tullahoma-Manchester, Lewisburg, Morristown
+19% Lawrenceburg
+18% Dyersburg
+17% Chattanooga, Crossville
+13% Newport
+9% Union City
+5% Jackson, Sevierville
-3% Memphis

The Post analysis, based on data from Black Knight Financial Services spanning 2004 through 2015, shows how the nation’s housing recovery has exacerbated inequality, leaving behind many Americans of moderate means. It also helps explain why the economic recovery feels incomplete, especially in neighborhoods where the value of housing — often the biggest family asset — has recovered little, if at all.
America's great housing divide: Are you a winner or loser?
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Old 05-18-2016, 10:17 AM
 
355 posts, read 271,266 times
Reputation: 416
The housing recovery is as real as the economic recovery. In other words the housing recovery is government and banking manipulation of the real estate market just as was done prior to the 2007 housing bubble crash. This bubble will burst just like the others and people in the bubble will see their home values plummet towards reality and probably end up well below reality since the buyers will cease to exist in a economic crash.
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Old 05-18-2016, 11:35 AM
 
868 posts, read 1,513,272 times
Reputation: 1147
Quote:
Originally Posted by Jumeby View Post
The housing recovery is as real as the economic recovery. In other words the housing recovery is government and banking manipulation of the real estate market just as was done prior to the 2007 housing bubble crash. This bubble will burst just like the others and people in the bubble will see their home values plummet towards reality and probably end up well below reality since the buyers will cease to exist in a economic crash.
Just curious, what evidence do you have to support that conclusion?
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Old 05-18-2016, 11:54 AM
 
Location: Brentwood, Tennessee
39,069 posts, read 37,716,477 times
Reputation: 73719
Quote:
Originally Posted by Jumeby View Post
The housing recovery is as real as the economic recovery. In other words the housing recovery is government and banking manipulation of the real estate market just as was done prior to the 2007 housing bubble crash. This bubble will burst just like the others and people in the bubble will see their home values plummet towards reality and probably end up well below reality since the buyers will cease to exist in a economic crash.
That's painting with a VERY broad brush and certainly not true in my home county.
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Old 05-18-2016, 02:46 PM
 
355 posts, read 271,266 times
Reputation: 416
Quote:
Originally Posted by Hey_Hey View Post
Just curious, what evidence do you have to support that conclusion?
We know the fundamentals that contributed to the 2007 housing market crash. Those same fundamentals have returned to the housing market. The same scenario is playing out. Subprime loans are back, Fannie and Freddie are back to their old tricks and Mortgage backed securities are back in full swing. And now the whistle blowers are sounding the alarms again that this new bubble is about to burst along with a global recession that is more than evident if you read world news from sources other than our mainstream media although the wsj, cnn, la times and cnbc have reported on it.

In reality, the housing market and the economy never really recovered ... it was just papered over to give the illusion of a recovery.
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Old 05-18-2016, 02:52 PM
 
355 posts, read 271,266 times
Reputation: 416
Quote:
Originally Posted by Wmsn4Life View Post
That's painting with a VERY broad brush and certainly not true in my home county.
The housing bubble is a very broad canvas. The larger metro areas usually see the biggest bubbles.
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