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Old 08-04-2013, 01:46 AM
 
6,331 posts, read 5,197,576 times
Reputation: 1640

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Quote:
Originally Posted by Finn_Jarber View Post
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
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Old 08-04-2013, 01:50 AM
 
Location: Florida
77,015 posts, read 47,418,296 times
Reputation: 14806
Quote:
Originally Posted by 11thHour View Post
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.
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Old 08-04-2013, 01:56 AM
 
Location: Florida
77,015 posts, read 47,418,296 times
Reputation: 14806
Quote:
Originally Posted by Don Draper View Post
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
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..
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Old 08-04-2013, 08:36 AM
 
6,331 posts, read 5,197,576 times
Reputation: 1640
Quote:
Originally Posted by Finn_Jarber View Post
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.
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Old 08-04-2013, 08:44 AM
 
641 posts, read 1,017,470 times
Reputation: 990
rising home prices keep the "undesirables" out of my neighborhood and im perfectly fine with that!

in 2009 I saw what used to be nice upper middle class neighborhoods turn to slums
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Old 08-04-2013, 08:48 AM
 
6,331 posts, read 5,197,576 times
Reputation: 1640
Quote:
Originally Posted by Red3311 View Post
rising home prices keep the "undesirables" out of my neighborhood and im perfectly fine with that!

in 2009 I saw what used to be nice upper middle class neighborhoods turn to slums
You do realize that the housing bubble caused your nice middle class neighborhood to turn into a slum
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Old 08-04-2013, 08:56 AM
 
47,525 posts, read 69,531,356 times
Reputation: 22472
Quote:
Originally Posted by Don Draper View Post
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.
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Old 08-04-2013, 08:58 AM
 
6,331 posts, read 5,197,576 times
Reputation: 1640
Quote:
Originally Posted by malamute View Post
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.

The banks take minimal loses.
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Old 08-04-2013, 09:18 AM
 
Location: SW MO
23,593 posts, read 37,371,256 times
Reputation: 29336
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!
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Old 08-04-2013, 09:24 AM
 
641 posts, read 1,017,470 times
Reputation: 990
Quote:
Originally Posted by Don Draper View Post
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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