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kev374
ParticipantI found this line interesting:
“People are coming in with offers even 20 percent under,” she said. “People have no shame.”
What about sellers asking ridiculous amounts for their houses when they know full well that the runup in prices was caused by a deck of cards that is about to fall down? They have no shame either.
ParticipantI found this line interesting:
“People are coming in with offers even 20 percent under,” she said. “People have no shame.”
What about sellers asking ridiculous amounts for their houses when they know full well that the runup in prices was caused by a deck of cards that is about to fall down? They have no shame either.
ParticipantI found this line interesting:
“People are coming in with offers even 20 percent under,” she said. “People have no shame.”
What about sellers asking ridiculous amounts for their houses when they know full well that the runup in prices was caused by a deck of cards that is about to fall down? They have no shame either.
ParticipantI found this line interesting:
“People are coming in with offers even 20 percent under,” she said. “People have no shame.”
What about sellers asking ridiculous amounts for their houses when they know full well that the runup in prices was caused by a deck of cards that is about to fall down? They have no shame either.
ParticipantI found this line interesting:
“People are coming in with offers even 20 percent under,” she said. “People have no shame.”
What about sellers asking ridiculous amounts for their houses when they know full well that the runup in prices was caused by a deck of cards that is about to fall down? They have no shame either.
ParticipantKev,
I recommend you look up “monetary illusion” in any ECON 101 textbook before writing silly replies. The fact we get paid in debased dollars is part of the problem, as our standard of living will surely deteriorate.
If our currency is debased that makes inflation go up, our imports cost more. How does that make the bubble over? That actually makes the situation worse. Affordability comes down and the buyer can afford LESS not MORE house. That puts downward pressure on house prices.
It is NOT Inflation that make current house price levels more acceptable but **INCOME inflation**. If your income stays the same and there is 50% inflation over the next 3 years do you think that 500k house today is going to be more affordable in 3 yrs? I don’t think so!!! Everyone would become paupers and nobody would be able to afford even a shack…at least now we can buy a shack!
So..inflation puts huge downward pressures on housing prices if income doesn’t keep pace with inflation which it insn’t doing of late.
ParticipantKev,
I recommend you look up “monetary illusion” in any ECON 101 textbook before writing silly replies. The fact we get paid in debased dollars is part of the problem, as our standard of living will surely deteriorate.
If our currency is debased that makes inflation go up, our imports cost more. How does that make the bubble over? That actually makes the situation worse. Affordability comes down and the buyer can afford LESS not MORE house. That puts downward pressure on house prices.
It is NOT Inflation that make current house price levels more acceptable but **INCOME inflation**. If your income stays the same and there is 50% inflation over the next 3 years do you think that 500k house today is going to be more affordable in 3 yrs? I don’t think so!!! Everyone would become paupers and nobody would be able to afford even a shack…at least now we can buy a shack!
So..inflation puts huge downward pressures on housing prices if income doesn’t keep pace with inflation which it insn’t doing of late.
ParticipantKev,
I recommend you look up “monetary illusion” in any ECON 101 textbook before writing silly replies. The fact we get paid in debased dollars is part of the problem, as our standard of living will surely deteriorate.
If our currency is debased that makes inflation go up, our imports cost more. How does that make the bubble over? That actually makes the situation worse. Affordability comes down and the buyer can afford LESS not MORE house. That puts downward pressure on house prices.
It is NOT Inflation that make current house price levels more acceptable but **INCOME inflation**. If your income stays the same and there is 50% inflation over the next 3 years do you think that 500k house today is going to be more affordable in 3 yrs? I don’t think so!!! Everyone would become paupers and nobody would be able to afford even a shack…at least now we can buy a shack!
So..inflation puts huge downward pressures on housing prices if income doesn’t keep pace with inflation which it insn’t doing of late.
ParticipantKev,
I recommend you look up “monetary illusion” in any ECON 101 textbook before writing silly replies. The fact we get paid in debased dollars is part of the problem, as our standard of living will surely deteriorate.
If our currency is debased that makes inflation go up, our imports cost more. How does that make the bubble over? That actually makes the situation worse. Affordability comes down and the buyer can afford LESS not MORE house. That puts downward pressure on house prices.
It is NOT Inflation that make current house price levels more acceptable but **INCOME inflation**. If your income stays the same and there is 50% inflation over the next 3 years do you think that 500k house today is going to be more affordable in 3 yrs? I don’t think so!!! Everyone would become paupers and nobody would be able to afford even a shack…at least now we can buy a shack!
So..inflation puts huge downward pressures on housing prices if income doesn’t keep pace with inflation which it insn’t doing of late.
ParticipantKev,
I recommend you look up “monetary illusion” in any ECON 101 textbook before writing silly replies. The fact we get paid in debased dollars is part of the problem, as our standard of living will surely deteriorate.
If our currency is debased that makes inflation go up, our imports cost more. How does that make the bubble over? That actually makes the situation worse. Affordability comes down and the buyer can afford LESS not MORE house. That puts downward pressure on house prices.
It is NOT Inflation that make current house price levels more acceptable but **INCOME inflation**. If your income stays the same and there is 50% inflation over the next 3 years do you think that 500k house today is going to be more affordable in 3 yrs? I don’t think so!!! Everyone would become paupers and nobody would be able to afford even a shack…at least now we can buy a shack!
So..inflation puts huge downward pressures on housing prices if income doesn’t keep pace with inflation which it insn’t doing of late.
ParticipantThis is why we DO NOT need democrats in the white house. They will have a huge bailout and tax those of us who have worked hard to earn the money that we richly deserve. Tax the responsible and hand it to the bums who not only chose to live beyond their means but then complain that they are not continuing to get the free ride that they have recieved in the past 2-3 yrs of their 0 down negAm mortgages!
ParticipantThis is why we DO NOT need democrats in the white house. They will have a huge bailout and tax those of us who have worked hard to earn the money that we richly deserve. Tax the responsible and hand it to the bums who not only chose to live beyond their means but then complain that they are not continuing to get the free ride that they have recieved in the past 2-3 yrs of their 0 down negAm mortgages!
ParticipantThis is why we DO NOT need democrats in the white house. They will have a huge bailout and tax those of us who have worked hard to earn the money that we richly deserve. Tax the responsible and hand it to the bums who not only chose to live beyond their means but then complain that they are not continuing to get the free ride that they have recieved in the past 2-3 yrs of their 0 down negAm mortgages!
ParticipantThis is why we DO NOT need democrats in the white house. They will have a huge bailout and tax those of us who have worked hard to earn the money that we richly deserve. Tax the responsible and hand it to the bums who not only chose to live beyond their means but then complain that they are not continuing to get the free ride that they have recieved in the past 2-3 yrs of their 0 down negAm mortgages!
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