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Lower prices benefit those who are looking to buy a first home, but rising prices benefit the vast majority, who already own a home, which is why rising prices benefit the nation as whole.
Spoken like a true realtor.
Only people who benefit from rising prices are
1. Realtors
2. Investors looking to unload investment properties - meaning not their primary residence
3. Homeowners looking to use their home as an ATM - we all know how that turns out
4. Local governments who tax you based on value of your home
Exactly. A home is not an investment, and the people who bought a home or homes thinking they were learned the hard way. It's a place to live, nothing more.
It is what you want it to be. It's a place to live for some, an investment for some, and a profession for some.
1. Realtors
2. Investors looking to unload investment properties - meaning not their primary residence
3. Homeowners looking to use their home as an ATM - we all know how that turns out
4. Local governments who tax you based on value of your home
Who benefits? Homeowners, realtors, investors, local governments / community (schools etc), homebuilders, people employed in home construction, home remodel businesses, businesses selling garden equipment and everyone employed by all of the above, and you are telling me this is a bad thing???
Last edited by Finn_Jarber; 08-04-2013 at 02:16 AM..
Who benefits? Homeowners, realtors, investors, local governments / community (schools etc), homebuilders, people employed in home construction, home remodel businesses, businesses selling garden equipment and everyone employed by all of the above, and you are telling me this is a bad thing???
paying double real estate taxes is not my idea of homeowners benefitting, but then again I'm not a nanny stater.
You do realize that the housing bubble caused your nice middle class neighborhood to turn into a slum
Which is why we should not allow Obama to recreate the housing bubble like he's talking of doing.
Get the government out of it, let people who can get mortgages the right way get them but don't worry if everyone can't afford a $250,000 house.
The number of homeowners will drop somewhat, down to more natural levels --- which of course after NAFTA and all this free trade, are going to be less than they were when we had an industry.
Which is why we should not allow Obama to recreate the housing bubble like he's talking of doing.
Get the government out of it, let people who can get mortgages the right way get them but don't worry if everyone can't afford a $250,000 house.
The number of homeowners will drop somewhat, down to more natural levels --- which of course after NAFTA and all this free trade, are going to be less than they were when we had an industry.
Stop bailing out the banks
You do realize that the government guarantees millions of homes when the owners default.
We have never looked upon our house as an investment. It's only ever been, and will remain, our home. Besides, the only ones who will benefit if it's value markedly improves in, say, the next 20 years, will be our heirs. We won't care!
You do realize that the housing bubble caused your nice middle class neighborhood to turn into a slum
yep, by handing people mortgages who couldn't afford them...
So you want to live in the "nice neighborhood"? Get a damn job, get an education and stop mooching. This is how capitalism works. So you cant compete and have to live in "the bad part" of town? Sorry, but thats life!!
How is it fair to the hard working people that did buss their *** to get where they are to have to pay for Shamika that got a $250,000 loan with NO INCOME?!?
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