December 7th, 2009
are home prices still too high?
are home prices still too high?
lower prices = more people can buy homes.
less property taxes.
Better for everyone.
your home is not a quick investment flip.
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Filed under: Buy Property
way too high and the main reason is too many people want a second home to make extra money which cause the price to increase. most foreclosure are from second home owners. this will teach these people a lesson from being greedy
Way too high! I’ve noticed realtors and realtor organizations all over the country making up false articles and getting the published. The market still needs to come down about $50K on most houses to actually make a median income family be able to afford a house in reality. Obviously people will pay a little more than they should because they can cut back in other areas. It’s unfortunate for Americans to have to starve to make their house payment. Home prices need to come down like crazy. It’s holding our economy in recession. If prices come down to where they should be the DOW will go over 18,000 within 3 months.
The recent credit crisis means that there is still quite a bit to go for property prices to go down further. The credit crisis will take a while to resolve itself, so hold on tight.