Housing Prices Continue to Slide

This is great news for me, as I could potentially get a job transfer back to the Portland area in the next two months. If so, I am planning on buying for the first time.

 

Housing prices went up .9 % from the first quarter... sales are off... but no in there did I see prices went down

http://www.fhfa.gov/webfiles/16574/2Q2010hpi.pdf

 

First, it's why I don't identify with any party.

Second, I just disagreed with your definition of "core Democratic values". I think there's broad agreement on those items you mentioned.

However, I am happy that you see the limits to enabling people.

 

But Mook, this is how we got to this point in the first place. Preferences were made for "poor" and minorities to own homes. It snow balled from there. As for me, I love it when people admit their party isn't perfect. That leads to the type of civility and compromise we need to really get things done.

 

This is great news for Republicans. If house prices go down, the rise in property tax valuations will have to plateau when they intersect with actual prices. More good news is that if property taxes stop going up, sales tax rates will go up, to further soak the unachievers--the poor and middle class.

 

I was just reminding you of who the "nonachievers" are.

 

http://www.businessinsider.com/falling-prices-will-cure-the-property-market-2010-8

 

Yes you are. They're the liberal welfare people who live for federal handouts.

Thanks for the reminder!

 

And better mortgage underwriting.

And better honesty from people seeking loans.

And less programs giving away money for houses people cannot afford.

 

No, the cure is fixing unemployment and the outlook on the country's economy. That means developing industries that can sustain the future (i.e. NOT GREEN ENERGY) Its cheaper than ever to borrow, housing prices are at about what they should be and we can't even boost buying offering great tax incentives. People are too worried about the economy to get into mortgages right now. The benefits of home ownership have been shown to be rather risky given the current situation.

 

So you're saying Republicans and Libertarians are insignificant?

 

Having paid 10% interest on my first home mortgage, I cannot agree with this enough. The selling price of the home reflects only a portion of the cost of buying the home, and usually the interest is the bigger portion in the long run. It's a perfect storm for buyers right now.