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Please note that I said "during your time of ownership". I am assuming at least 10 years. Not one year.
Noted.
I would also assume that you would at least break even if you pay a reasonable price for a home today in 10 years, but.....have we crossed over into a new economy that none of us have experienced before?
I would also assume that you would at least break even if you pay a reasonable price for a home today in 10 years, but.....have we crossed over into a new economy that none of us have experienced before?
We may be. I fear that we are entering the era of socialism in the United States, where banks, interest rates, and (yes) housing prices may all be controlled by the government.
We may be. I fear that we are entering the era of socialism in the United States, where banks, interest rates, and (yes) housing prices may all be controlled by the government.
Personally, I don't think that could be much worse than being controlled by the banks, oil companies, and defense contractors, which is basically where we've been for about 30 years.
Personally, I don't think that could be much worse than being controlled by the banks, oil companies, and defense contractors, which is basically where we've been for about 30 years.
You're right. We are currently a corpocracy, not a democracy.
Actually, it's worked reasonably well in mixed economies in Europe.
I know that Rush Limbaugh doesn't deal in questions of degree, but everyone should try it. There is an area between US corporate controlled "Democracy" and Soviet Stalinist Totalitarian Socialism. Maybe we were never taught that in schools here in the US?
I have to say, I have NEVER seen a buyer trash a house that they are looking at. Most are very courteous. I would not say that this is the norm at all.
I agree with you - - and I have seen many houses over the past year or so with many people in it.... I cant figure this post out for the life of me....
There have been bad housing markets before, but never in post-World War II history has the market for new homes suffered as badly as it has in this decline.
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