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17 Comments
- drmangrum, on 06/19/2009, -0/+2Houses are overpriced. Homeowners don't want to hear that, but it's true. If you've bought a house in the past 5-10 years, chances are you paid entirely too damn much for it. If the housing market is to recover and grow again then prices of homes needs to fall considerably. This isn't a hotly debated idea, it's understood by most people.
Since it's not hotly debated, you have to ask WHY is Obama and Congress doing everything they can to keep housing prices artificially high? They say it's to protect homeowners, but isn't that part of the risk you accept when you sign a home loan?
The goal is get the economy growing again. Stifling growth by forcing the market to hold inflated prices will NOT grow the economy. - AnotherDiggGuy, on 06/19/2009, -1/+3You know things are ***** up when the price of goods are no longer determined by consumer demand, but are actually set by mega-rich investors sending tidal waves of money into specific area of the economy.
Look at oil prices... oil consumption in the US has contracted by 5% over the past 6 months, yet oil prices have gone up almost double in the same time period. The 10% cut in oil production is not the reason oil prices have increased by 100% in 6 months. Just like that 5% contraction in US oil consumption wasn't the reason oil prices crashed 75% from last summer to winter. - StingingNettle, on 06/19/2009, -1/+3Hold me.
- wTheOnew, on 06/19/2009, -1/+2That chart isn't scary, it just shows that housing prices were overvalued in the recent past and now the housing market is coming back down to where it should be.
- fetchdragon, on 06/19/2009, -1/+2What's scarier is that Barack Obama is trying to keep home prices propped up!
- geejaye, on 08/31/2009, -0/+1Interesting, you can't even get to this page from the main domain page.
This site has a bunch of spinning, graphical numbers. Those numbers, themselves, could be spun, as there is no information about the sources used for their information.
Plus, I get a bit suspicious when the "about us" page says "God Bless America!" preceded by "Thank you for your continued support..."What support? From whom?
And, a "who is" search shows they are hiding behind DomainsByProxy.
See http://didyoucheckfirst.blogspot.com/2009/08/someo ... for more research on this site. - drmangrum, on 06/19/2009, -0/+1Obama isn't the only guilty party, but he's a large chunk of it. You'll get buried for saying it though.
Republicans and Democrats in congress are doing everything they can to keep housing prices high. - quantumsearch, on 06/19/2009, -1/+1It makes you wonder what the next bubble will be
- observercritic, on 06/19/2009, -1/+1This is why anyone who says housing is stabilizing is full of *****.
- BoatSecretary, on 06/19/2009, -1/+0Don't DENY the SCIENCE! We are all completely *****! If you're not throwing Molotov cocktails at strangers as they walk out of financial institutions, you're part of the problem!
- DefectSociety, on 06/19/2009, -1/+0There was a housing bubble. Houses were horribly overpriced. The bubble burst, now prices are falling and becoming more reasonable, and are being more accurately valued.
- tapemorass2, on 06/19/2009, -1/+0The numbers at the bottom are kinda scary too...
- conceptmaker6, on 06/18/2009, -1/+0It will be interesting to see how home prices work out over the next year
- morphology21, on 06/18/2009, -1/+0Unbelievable to think home prices really went that high
- BTYElectric, on 06/19/2009, -2/+0I can see how bad it is for some, but as a young guy with a good stable job (healthcare) the drop in home prices has been good. Or, am I missing something?
- TGLbaritone, on 06/19/2009, -2/+0Could part of this be attributed to an increase in urban living where housing prices are generally more expensive?
- ScrewDeodorant, on 06/19/2009, -2/+0I would also expect a higher than historically average growth in home values over the last 20 years.
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