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Simple fact. realestate is OVERPRICED.
Nov 02 21:34 pm
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All Comments by thecadean »Bad News for Housing [View article]
See Case Shiller, or Eliziabeth Warren of Harvard, the end of the US middle class. In 2005 US home prices, and mostly in the top 7 markets, were grossly overvalued (77% overpriced). Me must let the free forces of capitalizim work. Artificial supports are no better than fake loans.
Low real estate prices are good for the country. We simply spend too much $$$ on non productive items like rent and interest. This is the only way US businesses will be able to compete and our children will be able to buy a home of their own without a wealthy parent. I own several homes and share the pain, a pain we all must endure.