Housing Prices Down To 2004 Levels

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Really? Cant say I remember seeing $99000 dollar houses in 2004, id say they are lower than 2004 numbers
 
Obama's awesome for getting the housing prices down :)
 
What's scary is there is a huge number of homes off the market, owned by government.
 
Obama has destroyed the home ownership part of the American Dream.

I think real estate is a great investment right now. You make .5% in a bank account, and the stock market is risky.

Consider a $60K house that you can rent for $500/mo (probably more than that!).

$6K income on a $60K investment is 10%.

Even if the property value hits zero, it'll pay for itself in 10 years.
 
This is a great investment opportunity if it's Bush's fault.

This is an attack on Free Enterprise if it's Obama's fault.

We Republicans need to huddle and discuss our nihilistic strategy before talking too much.
 
jlprk said:
This is a great investment opportunity if it's Bush's fault.

This is an attack on Free Enterprise if it's Obama's fault.

We Republicans need to huddle and discuss our nihilistic strategy before talking too much.
Click to expand...

Eight years of no gains isn't a good thing, no matter who is the president. I'm sure you'll post something nonsensical to follow up on my post.
 
Denny Crane said:
Obama has destroyed the home ownership part of the American Dream.

I think real estate is a great investment right now. You make .5% in a bank account, and the stock market is risky.

Consider a $60K house that you can rent for $500/mo (probably more than that!).

$6K income on a $60K investment is 10%.

Even if the property value hits zero, it'll pay for itself in 10 years.
Click to expand...

Actually, Bush maimed it and Obama nursed it back to health, (if you want to believe Presidents had anything to do with it).

The American Dream is now more attainable than anytime in the last decade, far more attainable than during the Reagan years.

Low prices, lowest rates since the 1960's, largest buyer's market in history...

And Realtor-extroadinaire MARIS61 to guide you to your dream estate.
 
MARIS61 said:
Actually, Bush maimed it and Obama nursed it back to health, (if you want to believe Presidents had anything to do with it).

The American Dream is now more attainable than anytime in the last decade, far more attainable than during the Reagan years.

Low prices, lowest rates since the 1960's, largest buyer's market in history...

And Realtor-extroadinaire MARIS61 to guide you to your dream estate.
Click to expand...

I know exactly what has happened to the Central Oregon real estate market. You profited off of an overpriced secondary market, and now you sit back and laugh about it. That's ghoulish, bro. Hardcore capitalistic, which I do respect.
 
MARIS61 said:
Actually, Bush maimed it and Obama nursed it back to health, (if you want to believe Presidents had anything to do with it).

The American Dream is now more attainable than anytime in the last decade, far more attainable than during the Reagan years.

Low prices, lowest rates since the 1960's, largest buyer's market in history...

And Realtor-extroadinaire MARIS61 to guide you to your dream estate.
Click to expand...

In spite of low prices and low interest rates, there's been no bottom to the market yet.

Bush may have maimed it, but Obama killed it.

If you think things are picking up, something changed just about a year ago. Guess what that was?
 
PapaG said:
I know exactly what has happened to the Central Oregon real estate market. You profited off of an overpriced secondary market, and now you sit back and laugh about it. That's ghoulish, bro. Hardcore capitalistic, which I do respect.
Click to expand...

I've corrected your lie before. I'll do it again.

I first got my Realtor license in the spring of 2007, and my own riverside estate is assessed at about 1/2 of what I paid for it 2 months before I became a Realtor. Made very little as a Realtor for over 2 years, but am busy as a bee since then. Sold my Milwaukie home in 2004 for a fair profit before the boom.

I am a capitalist, but one guided by ethics and a desire to help others find happiness as I have.

You should think about swapping that condo of yours for something with earth under it, while the values are so comparable.
 
Denny Crane said:
In spite of low prices and low interest rates, there's been no bottom to the market yet.

Bush may have maimed it, but Obama killed it.

If you think things are picking up, something changed just about a year ago. Guess what that was?
Click to expand...

I've been busy for nearly 3 years now, with as many buyers as I have time for. I've noticed no big changes, just a gradual fall of prices and a gradual increase in buyers. Very typical of a steady recovery.

Anyone with a 620 credit score and a decent job can finance a home right now with 3.5% down and a sub-5% fixed interest rate. I'm not sure how it could be much better.
 
MARIS61 said:
I've been busy for nearly 3 years now, with as many buyers as I have time for. I've noticed no big changes, just a gradual fall of prices and a gradual increase in buyers. Very typical of a steady recovery.

Anyone with a 620 credit score and a decent job can finance a home right now with 3.5% down and a sub-5% fixed interest rate. I'm not sure how it could be much better.
Click to expand...

Full time employment where you can afford the home might be a good start. Or not being tied to a home if you have to move to find a job.

And what's changed is there's been a dead stop on the democrats' agenda for the past year. No new job killing legislation, no more bailouts, etc.
 
JFizzleRaider said:
Really? Cant say I remember seeing $99000 dollar houses in 2004, id say they are lower than 2004 numbers
Click to expand...

This. Prices are below 2004 here. Maybe that's a national average, or maybe it's been massaged to make things look good.

I just went through a lawsuit a year ago over how housing prices dropped between 2005 and 2010, so I have objective proof.
 
My thinking is that the downward spiral in housing prices was a necessary adjustment back to where they should be. Congress failed to properly regulate the real estate/mortgage aspect of all this and let special interest groups like ACORN run amok.
 
I know what you mean about Acorn. Congress let the Iraq war start which ruined house prices. Also, the Civil War didn't help, damn Lincoln.
 
My point was that Acorn had nothing to do with this. As one who is over a hundred Gs lighter from the government suing me for not selling a house at its peak 2005 value, my lawyer and I know the intricacies of housing values, having calculated them for every month since then.
 
jlprk said:
My point was that Acorn had nothing to do with this. As one who is over a hundred Gs lighter from the government suing me for not selling a house at its peak 2005 value, my lawyer and I know the intricacies of housing values, having calculated them for every month since then.
Click to expand...

I was simply, properly, pointing out that the mess we got into about over inflated housing prices was the fault of a lack of proper government oversight, home buyers, mortgage companies, financial institutions and assorted special interest groups. Now those prices have adjusted back to where they probably should be, but will also probably be kept suppressed due to the general economy and the backlog of short sale & foreclosed mortgages.
 
The short-sighted oversight occurred on the Bush watch, but your Acorn example is a shill which Republicans often throw randomly into any discussion to energize their side and deflect blame.

Here's the same. Segue from anti-one party to anti-the other. Just fill in the blanks.

The Afghan war's not going well for Obama, kind of like the fake housing boom which propped up the Bush economy____ the Watergate hearings _____ Reagan lied that he hadn't help sell weapons to Iran...12 straight years of Republican presidents gave us the Depression...King Herod crucified pacifists...you get the idea.
 
jlprk said:
The short-sighted oversight occurred on the Bush watch, but your Acorn example is a shill which Republicans often throw randomly into any discussion to energize their side and deflect blame.

Here's the same. Segue from anti-one party to anti-the other. Just fill in the blanks.

The Afghan war's not going well for Obama, kind of like the fake housing boom which propped up the Bush economy____ the Watergate hearings _____ Reagan lied that he hadn't help sell weapons to Iran...12 straight years of Republican presidents gave us the Depression...King Herod crucified pacifists...you get the idea.
Click to expand...

Honestly, do you abuse Adderall?
 
I love stalkers, but I'm sorry, I don't go that way. But never stop pursuing your life's dream. You have a lot to offer and I'm sure you'll find someone.
 
jlprk said:
The short-sighted oversight occurred on the Bush watch, but your Acorn example is a shill which Republicans often throw randomly into any discussion to energize their side and deflect blame.

Here's the same. Segue from anti-one party to anti-the other. Just fill in the blanks.

The Afghan war's not going well for Obama, kind of like the fake housing boom which propped up the Bush economy____ the Watergate hearings _____ Reagan lied that he hadn't help sell weapons to Iran...12 straight years of Republican presidents gave us the Depression...King Herod crucified pacifists...you get the idea.
Click to expand...

You're answer is short sighted. It's a liberal sheep answer. To be sure, Bush played his part. But so did Obama, the left, the right, and special interest groups like ACORN. You just can't accept it due to your political blinders. But most people with those same blinders simply refuse to think their political party is ever at fault for anything and the other side is at fault for everything.

It's a false argument. And always will be.
 
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