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  • #7
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    Exactly. a 14000 DOW now, is worth about 8000 since the pumped up dollar/devaluation. But that's over the head of folks like PN.
  • #3
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    @Neo_NtheMatrix Why thanks Neo. You know that's why I love you.(But not in a "don't ask, don't tell" kind of way)
  • #5
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    This is great news. It is evidence that the economy is improving. The stock market recovered first, housing is making a comeback - what's not to be happy about this?
  • #6
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    @PNWest - This isn't built to last if people can't find jobs that allow them to take care of a home. The unemployment rate throughout the obama administration has been chronically stuck at 8% and above. This is not good news. Not even in the slightest.
  • #8
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    @PNWest All a rouse. The fed is printing dollars to prop up the markets. There is still a shadow inventory of foreclosures. Why buy a house? Even if you buy it for cash, fall on hard times, the govt comes along to take it from you to give it to someone else, probably a rich non for profit. Home ownership is a lie. Buy a RV. Your job will probably move anyway.
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  • #22
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    I have mixed feelings. It shows a slight economic improvement. BUT, home prices are still to high. For renters, affordable housing in good areas is way, way too high and out if reach.
    For those who wish to buy, the American dream far out of reach in terms of buying a house and the over inflated values leading to high property taxes.
    Houses, rentals are at least 50% higher than they should be.
  • #40
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    @Keyjo actually a fair amount do surf in the great lakes. I used to surf in lake Michigan back in the "olden days".
  • #37
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    Like me, many people are scared to purchase a second home or their first. Reason being? Is it gonna be worth what it is now, 5 or 10 years down the road. That is the question. They say now is the time to buy, but why? Are we just buying cheap run down houses or is it because of all the failed mortgages and banks trying to get out of debt?
  • #33
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    That's not a significant figure, to use when you say the economy and people are doing
    better, the foreclosers can be bought for unbelievable priceses, and investors are buying a hoard of properties, houses are being sold yes but a selected few with the cash are buying them, I can tell you that foreclosers are the way to go.
  • #32
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    yeah, and in ten years or so the bubble will burst again, leaving millions to suffer in our nations largest and legalized pyramid scheme.
  • #31
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    My realtor tells me that my home is worth about 20% less than when I bought it three years ago. I wonder if I should tell him he hasn't listened to the market. Nah, a PC feel good story I just ain't ready to buy.
  • #30
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    I've been hanging on from selling my house for our move to Costa Rica. I was wondering for a while if I would have to let it sit for a while until prices rebound but this is good news. About another 7-10% and I'm dumping.
  • #14
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    I've never thought this was real or any good. Before 2008, I wasn't convinced when my homes shot up from $200k-$500k either! Metropolitan areas, pfffft!
  • #12
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    well, the democrats did say at the time, "Nothing wrong with Fannie/Freddy"
    I guess they were Oh so wrong hey!!!
  • #9
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    This clearly shows that we are indeed on the right path to turning things around. And now is NOT the time to start screwing around with this success as the house Republicans want to do.
  • #13
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    @Medicinebow Don't need a "warm and fuzzy feeling"...Jut assurance that we are on the right track.
  • #18
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    @SmedleyButler Who said that I agreed with your characterization of anyone being a "liar" Unless you are referring to the members of the Republican party...Other than those people I don't really see any liars here.
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