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Real Estate Market

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posted on Sep, 8 2011 @ 01:05 PM
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I was just watching the republican candidates debate and one of the candidates said "if we want to raise real estate values". This made me think "hold on". Why would we want to raise the "value" (price) of real estate. It seems to me that the real economic issue in this country is that regular people can't pay their ####ing rent, hence the foreclosures.

It doesn't seem like the problem is that the prices rose too fast, and created a "bubble". If you ask me the problem is that the prices rose as much as they did... period. How do you make money on housing that people can't afford. Never before was realestate this market gamble investment scheme. It's where people live. If you ask me we should be trying to lower real estate prices, and we should wipe out everyones mortgage debt and start from scratch. We'll say that the bailout was how we made good on our loans, and we start from scratch.

Or we should at least wait for the prices to bottom out, and then force all the banks to refinance peoples loans, based on the current value of the home. You can say that that is socialist, or fascist, but we already took billions and billions of taxpayer dollars and gave it to these banks, so I say we've made good on the loans.




posted on Sep, 8 2011 @ 01:10 PM
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raising real estate prices aint such a bad idea

the problem is that artifical manipulation by the government via fanny and freddy and mers and those 2 senators frank and dodd.

have lead to an enormous amont of people upside down in their mortgages and the only way to get them back right side up is to raise their property values.

doing that isnt so easy.
edit on 8-9-2011 by neo96 because: (no reason given)



posted on Sep, 8 2011 @ 01:41 PM
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Here's a novel idea: don't buy things you can't afford.

Everyone wants to blame the banks, and the government, and anyone else... but themselves. If you can't pay your bills, IT'S YOUR FAULT. Quit whining and stop being an idiot.



posted on Sep, 8 2011 @ 01:56 PM
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reply to post by renegadeloser
 


Please don’t suggest removing what people owe, they agreed to the terms, would it be fair for the banks to charge more money if their property value would have gone up? Of course not, so why would it be fair for the borrower to have part of the loan forgiven because property value has decreased? A house is an investment. It’s not for everybody. And to suggest forcing companies to run their business a certain way. This is a slippery slope, when you allow the government to come in and start to run your business this leads way for them coming in and controlling a lot more of what we do in our lives, and I’m not sure if that is what the country needs right now. More government programs. Name one that has worked well. I can’t name any.



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