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MSN Money...Great entertainment but reality? I think not! 75% of Americans that don’t have Government related jobs are still struggling and barley holding on by their finger nails! What a bunch of BS! I mean when are you guys going to write a story of a recovery plan? Like Jobs and how can they be created and what needs to change in this nation? But that would be risky and you might offend someone up the food chain... I mean come on everyone knows the upscale neighborhoods are going to recover. uh they always do? Just who do you think reads your rag? This is a sad A$$ attempt at blowing sun shine up peoples A$$'s in the middle of a storm! Good for the upscale market and there 15-20%!
the population grew 15 million the last 4 years
# of people working is the same 135 million ( approx)
average wages down
S.S. receipts down, FDIC receipts down
how is unemployment under 8%????? IT IS NOT under 8 %
total B.S. !
for every neighborhood that is doing well 3 more are getting worse
this is the truth
very poor job telling the whole truth!
A mortgage broker and two real estate agents recently told me that we have a huge wave for foreclosures on the horizon, and this wave will be bigger than all the rest.
How old is that picture of the Los Altos city sign? It looks like that's a Chevette in the background! With 1 bedroom condos starting at $340k, I would expect to see a much nicer car in the background.
If you dont have to live in a high cost area such as metropolitan NY and NJ - Conn and Calif you can find even so much more than whats lister here and cheaper.
You got Florida where steals are going on the market in droves every day- NC-SC-GA- upstate NY- the entire Midwest....TX...etc.... so much in this beautiful country we live in where you can live comfortably and financially unburdened.
Its just up to YOU to find it and make the "tradeoff" that could be necessary and you will be glad you did.
Its going to be this way for a long time so you can even spot your place and plan it out.
As the Nike ad says "just do it"!
Yeah, go back to 2006, the bubble peak, and read some of the NAR and associated articles about how real estate would always going up, up, up. They were wrong, wrong, wrong, and probably are now too.
Have you ever been to Medford, OR??
"These are places that have better job prospects and stronger economic conditions than most other areas." HA!
The housing prices may be low, but the job market is HORRIBLE! It seems like the economy may be improving in the area, but that's not saying much given where it started. There may be "more employers" but they're all big box retail, and who wants to work there? There are literally people with Master's Degrees working at the local Lowe's (I've met them) for crying out loud! I just lived there for a year and the only real employers are the hospitals and Harry & David. Great if you can get a job there, but even HD's turnover rate is really high. There are tons of people on wellfare there because there are no jobs (a stat for you, the unemployment was at 12% last time I checked). And back to the housing, we thought about buying because the prices are so low, but there are no nice neighborhoods. Even the nicest houses have old, broken-down mobile homes next door.
And "regional hub for medical care" well, considering it's the biggest city there is for 5 hours each direction, I would think so, but that doesn't really mean much. I could go on and on. Let's just say, when you read stats, look at what they're really measuring, and what they aren't.
Jerry you are a good renter. We need renters to help aid the economy. Not everyone is smart enough for home ownership. Many people refinanced their homes in the boom. spent the money and then complained they can not afford their home...DAH. People who purchased a home in the last 30 years minus 2005-2007 have done well.
Plus I don't want to live next to Jerry the renter. I want to live in an area with a large amount of owner occupied homes.
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