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Nye Bevan

(25,406 posts)

15. I'm a homeowner, but I am happy that house prices are falling,

Reply to No DUplicitous DUpe (Original post)

Wed Mar 7, 2012, 03:43 PM

Mar 2012

and I hope and expect that they will fall further. House prices are still too high, and I want my kids to be able to afford to buy one when they are older. I bought my house as somewhere to live, not as an investment, and have never "unlocked my equity" to buy an SUV or a big-screen TV.

Funny how gasoline and housing are both essential, but most people seem to want cheaper gasoline but more expensive houses.

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When Will U.S. Home Prices Finally Stop Falling And Begin To Rise? [View all] No DUplicitous DUpe Mar 2012 OP

Not anytime soon. hifiguy Mar 2012 #1

ridiculous BootinUp Mar 2012 #3

Probably not until wages begin to match, or exceed, inflation DJ13 Mar 2012 #2

+1 YoungDemCA Mar 2012 #4

Bingo. hifiguy Mar 2012 #5

Strange then that I qualified for an additional mortgage this year with LT 1/3 a 1% income dmallind Mar 2012 #7

Exactly right! sdfernando Mar 2012 #13

home prices are still over inflated frylock Mar 2012 #6

I just got the appraisal back for my place (for a re-fi). Lost 60% of it's value from 5 years ago riderinthestorm Mar 2012 #8

Banks eff up and taxpayers pay for the damage caused. our great politicians serving their masters nt msongs Mar 2012 #9

As noted above, has to do with jobs n2doc Mar 2012 #10

Home Prices Are Falling Back in Line with Incomes Yavin4 Mar 2012 #11

I think that in California, they have hit bottom. Acording to Zillow.com, my home appriciated about demosincebirth Mar 2012 #12

Mine dropped another 2.2% SoCalDem Mar 2012 #14

I'm a homeowner, but I am happy that house prices are falling, Nye Bevan Mar 2012 #15