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Housing will likely spike with people ultimately valuing shelter (in a shut in for crying out loud) as the numero uno thing of value.
Think about it — there’s a housing SHORTAGE and the government will likely be paying the bills of those already in homes. Won’t be surprised if we now see assistance for those that don’t have housing.
There's a lot of ifs and assumptions that have to happen to make that happen. If the government is helping anyone, including renters, it will be paying pennies on the dollar relative to market rates. Those who are in a home are already there, and are less likely now to spend to buy (if renting) or upgrade, if we are in a recession.
20%+ unemployment and numerous bankrupt businesses will not equal increased or "spiking" housing costs, the money won't be there. I'm already seeing large price cuts in my very hot neighborhood.
People who are sitting on a pile of cash waiting for the perfect buying opportunity are going to be crushed, because the Federal Reserve, with their Banana Republic monetary policies will make sure your pile of cash won't buy much.
People who are sitting on a pile of cash waiting for the perfect buying opportunity are going to be crushed, because the Federal Reserve, with their Banana Republic monetary policies will make sure your pile of cash won't buy much.
Everyone will get crushed. It is called pay back for the 20 year debt party. Unfortunately, the few prudent savers in this world, those who saved, will be forced by the government to party for the drunken party. Being human means one had to live with chronic drunks. Sort of like Super Sunday on steroids. To all the drunks out there.I would recommend sobering up and take a 12 step program.
Housing will likely spike with people ultimately valuing shelter (in a shut in for crying out loud) as the numero uno thing of value.
Think about it — there’s a housing SHORTAGE and the government will likely be paying the bills of those already in homes. Won’t be surprised if we now see assistance for those that don’t have housing.
Not likely. Demand will dry up as people are out of work and can't afford to buy. When demand drys up, prices will drop. Simple Economics.
Housing will likely spike with people ultimately valuing shelter (in a shut in for crying out loud) as the numero uno thing of value.
Think about it — there’s a housing SHORTAGE and the government will likely be paying the bills of those already in homes. Won’t be surprised if we now see assistance for those that don’t have housing.
We were in a multiple asset bubble with real estate right in the middle. Real estate will reset, it's inevitable. Folks that can't afford the note will move eventually or they will be evicted. No one cares that these folks will be homeless. families will have to ban together. Anyone who purchased within the last year will be a bag holder.
The hedge funds are chomping at the bits for foreclosures again. Smart money always pays pennies on the dollar for things. There is no possible way that housing will remain. Yes the supply is limited but there will be no demand. For every seller you need a buyer. Who will buy when they are scared of losing there job? Watch califonia real estate. It will be the tell all along with seattle.
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