[airics]

sorry i want higher housing prices…. another 30-40% … looking to downsize considerably as we get older…….if it rises another 20%, i can easily sell, payoff whats left on the mortgage, and buy for cash the smaller home….my rental homes are no longer underwater…

the sales are going to be down considerably in short sales… i don't believe that there was an extension to the tax break on the loss sale price vs. what was owed..

[Kevin 007]

Why just 30%-40%..... how about 80% or 1000%?

[mod cut- not LV specific]

[ddrhazy]

Originally Posted by Kevin 007

You are just too funny. Why should anyone take it in consideration what Zillow or Trulia has to say? Is that your most powerful argument.....what Zillow or for example NAR chief Lawrence Yun believes, whom we all understand is the Yes-Man of housing.

The housing bubble sank the global economy. And continues to sink it. ( feel free to check out GDP numbers that came out today). We need housing prices cut in half, not protected by illegitimate low rates.

Historically, home prices gain on the average of 1-1.5% a year. This casino model of housing is a perversion that has essentially destroyed the global economy.

Anyone who cheers for higher housing prices is cheering against America's future!!!!!

I think robotics, globalization, lack of innovation and outsourcing sank the economy, not the housing bubble. Houses being cut in half from current price? Doubtful that will ever happen.

[kcoliver]

[mod cut-- personal]. Prices up! Great for owners!

[Kevin 007]

[orphaned] Do you remember 2007? Lower prices are next don't you worry. Remember, volume precedes the price.

[Kitchen Witch]

Originally Posted by Kevin 007

[orphaned] Do you remember 2007? Lower prices are next don't you worry. Remember, volume precedes the price.

I don't have to worry, but thanks for the warning. I am a native Las Vegan, lived here all my life and I've seen the real estate market and economy here go up and down and all around several times.


My home was built in the 60's and even with today's prices, I am

[SportyandMisty]

Originally Posted by Kevin 007

Why just 30%-40%..... how about 80% or 1000%?

Works for me.

[SportyandMisty]

[quote of deleted post]

The housing bubble was a symptom of the root cause, but not the root cause.

[lvoc]

Originally Posted by SportyandMisty

The housing bubble was a symptom of the root cause, but not the root cause.

Yes...but it did have to burst or at least ooze badly....

The thing I still find completely inexplicable is the actual mechanism. The banks driving price down 3 or 4% per month while the inventory heads to zero...you just don't do that.

Nothing left to sell so lower the price some more...

[Kevin 007]

Originally Posted by Kitchen Witch

I don't have to worry, but thanks for the warning. I am a native Las Vegan, lived here all my life and I've seen the real estate market and economy here go up and down and all around several times.


My home was built in the 60's and even with today's prices, I am

As a native Las Vegan you probably care more about your community then many other posters. You have no intentions to sell your house and this hype is costing you more in property taxes.

Huge number of Las Vegans have been kicked out of their houses and we allow Wall Street speculators and even foreign criminals to come to Las Vegas and buy up houses. Chinese mafia are buying American homes....shameful.
Our culture honors money. We even tend to look the other direction if that money is gained illegally. It's more important that you have money then how you make money.
We allow criminals, drug dealers and Chinese or Russian mafiosos to come to Las Vegas or any other part of America and buy housing in the US because we are afraid that our housing prices might collapse if we don't scare up foreign buyers. Shameful.