Housing Prices Continue to Slide

[EL PRESIDENTE]

No, the cure is fixing unemployment and the outlook on the country's economy. That means developing industries that can sustain the future (i.e. NOT GREEN ENERGY) Its cheaper than ever to borrow, housing prices are at about what they should be and we can't even boost buying offering great tax incentives. People are too worried about the economy to get into mortgages right now. The benefits of home ownership have been shown to be rather risky given the current situation.

 

[MARIS61]

Those aren't "core Democratic values"; those values are shared by almost every American. Find me a significant group of people who don't believe that poor kids shouldn't have access to school grants or student loans. Find me a significant group of people who believe that rich people shouldn't pay more in gross taxes than poor people. Find me a significant group of people who believe that poor people should have less access to health care than rich people.

So you're saying Republicans and Libertarians are insignificant?

 

[MARIS61]

Maris is a good person to ask as he's in the business, but I would think prices can't continue to drop much more. That, coupled with all time low interest rates should make this a great time to buy. Sure, prices may not go up for a few more years, but interest rates might.

Having paid 10% interest on my first home mortgage, I cannot agree with this enough. The selling price of the home reflects only a portion of the cost of buying the home, and usually the interest is the bigger portion in the long run. It's a perfect storm for buyers right now.