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Old 08-15-2010, 02:13 PM
 
3 posts, read 7,875 times
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On a few different posts I've seen some questions and concerns about the lehigh valley. Everything from where to live to different subdivisions and so on. The area has dramatically change and in my opinion for the worst but everything can get better but that's going to come from getting back to reality and not trying to make a $2 out of $1 overnight. We all see how that works out time and time again.

The shock is still being heard around here. Don't be surprised when you start seeing more and more trashy neighbors destroying the development. It's happening all around us.

Our neighborhood was built in the late 60's, for the most part. We've been here since the early 80's in our home. People these days just simply are not very responsible and it's becoming very apparent.

Until the last 2 years there was only 1 home that was a rental but now there are dozens. You can call it what you want but the type of renters that are being attracted are to say the least not very desirable. Most of government assistance renters and it shows in the way they live. The owners of the rentals are mostly property flippers that watched too much reality tv on the home and garden channel. Foreclosures are a problem too and there's plenty of homes with the little white paper on the front door. The big problem is people paid too much and now they are scrambling to try and wait out the storm. The only way they can do that is buy renting and hoping that covers the mortgage and as the world is finding out, that's not working either. When prices were going up like there was no tomorrow it always made me wonder how people were able to afford the prices and when was it going to stop. As this is now the touchy subject around the cook outs and bar conversations with so many people losing their homes, it's doesn't take a genius to realize prices rose to fast to quick and the people waiting for the price to return to prices of 2006 are going to be waiting for something that's not going to happen. People treated and started to believe that our little beautiful are called the Lehigh Valley was able to sustain the price impact of a large city with the city incomes. The average income for a family around this area was combined around $50,000 not the $100,000 needed for what it was costing to live. People got punch drunk and it's just started to wear off. Anyone who's lived long enough to go through a few of the recessions will agree that this last one which caused housing market to skyrocket makes the last few of them seem like a walk in the park. At least my grandkids will be able to afford a nice home around here and will be able to afford to live a nice life with lehigh valley money. Too many people were working to simply pay the mortgage instead of having a life. Those $200,000 boxes getting back to a realistic $100,000 is a part of life that people need to embrace. The US economy is going to be in a struggle for another 5-10 years and during that time I hope people wise up. The easy buck nevers last long and until we as a nation understand that we can't recover.
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Old 08-15-2010, 04:13 PM
 
13,139 posts, read 31,612,849 times
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