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HA, NOW THAT THE MIDDLE CLASS HAS BEEN DRIVEN INTO THE POOR HOUSE WITH LOSS OF INCOME, HIGHER EXPENSES, TAXES, FUEL, HEALTH CARE, ETC., MANY MIDDLE CLASS AMERICANS HAVE BEEN FORCED OUT OF HOME OWNERSHIP AND HAD TO WALK AWAY AND NOW THE RICH CAN BUY LOW AND "FUEL THE HOUSING RECOVERY"!!! THUS THE MIDDLE CLASS BEING DRIVEN DOWN EVEN FARTHER AND A BIGGER PIECE OF THE ECONOMIC PIE GOING TO THE TOP!!!!!!!!!!!!!!1
I think most people who own a home already feel like they're heavily invested in real estate. An analogy to their plight might be those who bought Facebook stock at the IPO price.
I believe there will always be a real estate market. But, with all the shadow inventory out there, and more likely to come, it will be many years before demand really exceeds supply. Broadly speaking, that's not a strong case for real estate prices to go up, even if the Fed does vow to print another trillion dollars today, and inflate prices on everything else.
Lets see....... California passed a bil in June 2012 labled an anti-foreclosure package which slowed down Banks ability to forclose on homes and more aggressive legislation in Nevada has been taken in Nevada than California to slow Banks ability to Forclose on homes. In my opinion these measures will be lobbied by Banks now that the election is over and this false bubble that was created will POP!!!! Not smart to buy for a few months.
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[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
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