[startheclock]

Originally Posted by magellan

Just because there's a URL and a name called "Business Insider" doesn't mean it's a legit outfit. Just sayin. People put way too much stock into these "lists" put out by publishing companies. It's a means to sell ads and drive web traffic.

They go to their advertisers and say "We're going to publish an article showing real estate markets that will NEVER recover from the recession, EVER!!!!" Chaching!!

But your blog here is totally credible, BTW glad to see you stopped being a recession denier. LOL

[magellan]

Originally Posted by startheclock

But your blog here is totally credible, BTW glad to see you stopped being a recession denier. LOL

Blog? Welcome back! Did they grant you access to the computer lab again at that special school you go to?

[rbeltz48]

I've read all the posts on this topic and have not found a single one that tells the truth. No matter where you look, at these metro markets or at all the others, we will NOT recover from this "depression", reminiscent of what happened in 1929-1930. The reason is very simple and history has the answer. Whenever a nation sinks to the current levels of immorality and depravity as it now exists here in the U.S. and elsewhere, it's only a matter of time before that nation falls. We are seeing the beginning of that process now, not only here, but throughout the world. There may be a little recovery here and there, but the die is cast.

[DONNIEANDDONNA417]

I agree...the computer is very unreliable looking for homes and job....

[YAZ]

The problem that I have with the article is that the intangibles aren't mentioned.

1. Top 13 places were placed by 2 economic factors. Home prices and unemployment rate. Both of these fluctuate year to year.....OK......decade to decade.

2. Quality of Life. Just can't put a price tag on this one. Folks tend to go where they want to live, for whatever reasons......lakes, woods, night life, climate, proximity to family/friends, etc.

"Never" should be replaced with "Quite possibly a long time." This little "correction" that we're going through will be quite a while. In a lot of places, I might add. Some places will do better than others of course, and some places will have to work very hard to get back to previous numbers. That is, if they don't fail completely.

[stanman13]

One thing I have learned in my time here on Earth. Never say never. Do they really mean to say that housing prices will never go up? Values never increase? Ridiculous. Will it take a long, long time? Quite possibly. Just the fact that they open with a sensationalist headline like that reduces their credibility right off the bat. Everything they say afterward becomes suspect.