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Housing Market Plunge Passes Depression's

 
Anonymous Coward
User ID: 1233655
United Kingdom
01/17/2011 03:09 PM
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Re: Housing Market Plunge Passes Depression's
It all comes down to jobs, which they have been outsourcing for awhile now, with 'some' replacements at far less wages.

Things will never get better until they bring back manufacturing, but that doesn't seem to be the evil ptb 'plan'....

It is more than jobs. The problem is the entire debt-based "slavery" system which is greedy, corrupt and degenerate, so what is really needed is a new socio-economic system.
 Quoting: wirelessguru1


I really think that is the end game of this whole thing. They want to introduce a cashless society...so, how to get there? Only through lots of hardship and chaos, first.

Eventual implanted chip is the end of the end-game.
Anonymous Coward
User ID: 455519
United States
01/17/2011 03:19 PM
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Re: Housing Market Plunge Passes Depression's
How many fucking times it needs to be repeated:

the "crisis" has been done on purpose. The purpose was:

to get rid of middle class and American Dream



They succeeded tremendously because they knew, that Americans are dumb fucks and will do as they planned. Because they had taken care of it since at least 60's - make them dumber and dumber using TV, Hollywood and screwed education system

It's so fucking simple yet nobody gets it. I can easily predict future, how come you dumb fucks can't?
 Quoting: Anonymous Coward 1232977

thumbs
Nailer45

User ID: 1230383
United States
01/17/2011 03:25 PM
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Re: Housing Market Plunge Passes Depression's
No, I heard we're already in the recovery.
 Quoting: Anonymous Coward 1230095



obama and his glorious " jobless Recovery " , what a retard obammy is for making such a stupid statement.

More People working = more consumer spending as more $$$$ is made to spend on consumer goods.

jobless recovery : NO SUCH THING!!!

No jobs = people being kicked out of homes, no money to buy food or rent a house.
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Nailer45

User ID: 1230383
United States
01/17/2011 03:41 PM
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Re: Housing Market Plunge Passes Depression's
land and housing prices have been way over inflated since the early eighties.

A 1400 sq ft, 2bdrm home on 1 acre of ground should cost no more than $50,000

Gasoline should be no more than $1.08 a gallon

I see people still asking $18,000 for one acre of land in subdivision,, hahaha and fools are still buying it up.


1982 you could buy prime land to build on in the area for $500 an acre. Not long after that yuppie investors started buying up land and the prices started climbing and within 10yrs a acre of land was going for $8,000-$12,000

GREED and the sheeple willing to pay just kept the prices going higher.

why does a Family of 3-4 people need a $500,000 - 1Million dollar home ?

I have seen childless couples in their 40's purchase homes with 5 bdrms, 3 bath, 2600 sq ft and not bat an eye at the asking price .

I hope that the housing market prices just keep tumbling down .
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
oh really...
User ID: 1233713
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01/17/2011 03:55 PM
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Re: Housing Market Plunge Passes Depression's
No, I heard we're already in the recovery.
 Quoting: Anonymous Coward 1230095




you always believe what you hear huh?

that could be a risky venture in and of itself these days

believe that
Anonymous Coward
User ID: 1178936
United States
01/17/2011 04:15 PM
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Re: Housing Market Plunge Passes Depression's
They are absolutely lying to us because the housing market is much worse than what they report.

I saw what was coming in 2005. I sold a home I could not afford, downsized and bought a much smaller home on one acre, for cash. Had I not done that, I would have lost that house and the $100k equity I had in it at the time.

I am very happy where I am, no mortgage to pay, no worries about a "bank"...and I plan to always keep it that way. We have been fixing up our present home each year(new roof, water pump, furnace, etc.). I do not care if it is worth less on the market now, as I have a beautiful house that is paid for.

Having said this, I still have compassion for those losing their homes. It all comes down to jobs, which they have been outsourcing for awhile now, with 'some' replacements at far less wages.

Things will never get better until they bring back manufacturing, but that doesn't seem to be the evil ptb 'plan'....
 Quoting: Anonymous Coward 1233655



that is good about your house. just hope you don't have to move. that is where people get in trouble. there house is just not worth what they paid for it and they end up not being able to move or just have to take what the market offers. hope you don't ever have to move.
Anonymous Coward
User ID: 1178936
United States
01/17/2011 04:16 PM
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Re: Housing Market Plunge Passes Depression's
No, I heard we're already in the recovery.



obama and his glorious " jobless Recovery " , what a retard obammy is for making such a stupid statement.

More People working = more consumer spending as more $$$$ is made to spend on consumer goods.

jobless recovery : NO SUCH THING!!!

No jobs = people being kicked out of homes, no money to buy food or rent a house.
 Quoting: Nailer45


yup
Anonymous Coward
User ID: 1224214
United States
01/17/2011 04:16 PM
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Re: Housing Market Plunge Passes Depression's
shiver me timbers.
Anonymous Coward
User ID: 1233655
United Kingdom
01/17/2011 04:26 PM
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Re: Housing Market Plunge Passes Depression's
that is good about your house. just hope you don't have to move. that is where people get in trouble. there house is just not worth what they paid for it and they end up not being able to move or just have to take what the market offers. hope you don't ever have to move.
 Quoting: Anonymous Coward 1178936


My house probably isn't worth what I paid for it, but I don't care, as I love living in it and have no debts and small monthly expenses. Nice neighbors, we look out for each other.

I'm out in the country, far away from the coast, not near any big city. I have no plans to move.
Anonymous Coward
User ID: 1218292
United States
01/17/2011 04:27 PM
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Re: Housing Market Plunge Passes Depression's
How many fucking times it needs to be repeated:

the "crisis" has been done on purpose. The purpose was:

to get rid of middle class and American Dream



They succeeded tremendously because they knew, that Americans are dumb fucks and will do as they planned. Because they had taken care of it since at least 60's - make them dumber and dumber using TV, Hollywood and screwed education system

It's so fucking simple yet nobody gets it. I can easily predict future, how come you dumb fucks can't?

thumbs
 Quoting: Anonymous Coward 455519



"The ‘American Dream’, You have to be asleep to believe it." – George Carlin

sheeplebah
Anonymous Coward
User ID: 1181857
United States
01/17/2011 04:29 PM
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Re: Housing Market Plunge Passes Depression's
why buy a house when you know the property taxes will eat you alive?, there was once a time when owning homes was desirable but now the taxes and insurance make it more of a burden than its worth.
Anonymous Coward
User ID: 1181857
United States
01/17/2011 04:31 PM
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Re: Housing Market Plunge Passes Depression's
why buy a house when you know the property taxes will eat you alive?, there was once a time when owning homes was desirable but now the taxes and insurance make it more of a burden than its worth.
 Quoting: Anonymous Coward 1181857


this is also the reason there will NEVER be a housing recovery ever.
wirelessguru1

User ID: 1210655
United States
01/17/2011 04:43 PM
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Re: Housing Market Plunge Passes Depression's
why buy a house when you know the property taxes will eat you alive?, there was once a time when owning homes was desirable but now the taxes and insurance make it more of a burden than its worth.

this is also the reason there will NEVER be a housing recovery ever.
 Quoting: Anonymous Coward 1181857


..indeed, indeed...

But as housing prices continue to go down so does the RE taxes revenues and that means that the States, counties and cities will continue to go broke! LOL!!!
The Invisible Universe!
wirelessguru1

User ID: 1210655
United States
01/17/2011 04:45 PM
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Re: Housing Market Plunge Passes Depression's
It all comes down to jobs, which they have been outsourcing for awhile now, with 'some' replacements at far less wages.

Things will never get better until they bring back manufacturing, but that doesn't seem to be the evil ptb 'plan'....

It is more than jobs. The problem is the entire debt-based "slavery" system which is greedy, corrupt and degenerate, so what is really needed is a new socio-economic system.


I really think that is the end game of this whole thing. They want to introduce a cashless society...so, how to get there? Only through lots of hardship and chaos, first.

Eventual implanted chip is the end of the end-game.
 Quoting: Anonymous Coward 1233655

Well, I am not sure what that end-game is in your mind since an even bigger "slavery" system (with everyONE branded as a slave) will only ensure a total revolt!!!

But then again, maybe that's exactly why HELL was created in the 1st place...to keep-in the slaves!?

+1 (Neo)
The Invisible Universe!
Anonymous Coward
User ID: 1070175
United States
01/17/2011 04:48 PM
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Re: Housing Market Plunge Passes Depression's
But as housing prices continue to go down so does the RE taxes revenues and that means that the States, counties and cities will continue to go broke! LOL!!!
 Quoting: wirelessguru1

Good !! Let THEM 'eat cake' for a change.

They needed a little encouragement to go on a diet, anyway...
wirelessguru1

User ID: 1210655
United States
01/17/2011 04:52 PM
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Re: Housing Market Plunge Passes Depression's
But as housing prices continue to go down so does the RE taxes revenues and that means that the States, counties and cities will continue to go broke! LOL!!!

Good !! Let THEM 'eat cake' for a change.

They needed a little encouragement to go on a diet, anyway...
 Quoting: Anonymous Coward 1070175

Well, the problem, of course, is that they will continue to be "rescued" by the Fed and the Federal Gov't and as such perpetuating the damn "slavery" system! rolleyes
The Invisible Universe!
Anonymous Coward
User ID: 1004920
United States
01/17/2011 04:53 PM
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Re: Housing Market Plunge Passes Depression's
bsflag
Anonymous Coward
User ID: 1233769
United States
01/17/2011 04:56 PM
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Re: Housing Market Plunge Passes Depression's
One bedroom apt no kids. Wife and I have plenty of money. Must be lucky. No depression here!
Anonymous Coward
User ID: 1233821
United Kingdom
01/17/2011 05:55 PM
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Re: Housing Market Plunge Passes Depression's
One bedroom apt no kids. Wife and I have plenty of money. Must be lucky. No depression here!
 Quoting: Anonymous Coward 1233769



clappa living within your means....simple as that
Anonymous Coward
User ID: 1233830
United States
01/17/2011 06:04 PM
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Re: Housing Market Plunge Passes Depression's
Whos Brilliant idea was it to give Low Income families homes they COULD NOT afford???

Bill Clinton

When you wonder why the housing situation is such a mess, thank a Liberal for creating this disaster.

Liberals arent qualified to run hot dog stands.
 Quoting: Mr. X, on Holiday 1233085

I'm sure the banksters hated the idea too huh? *wink*wink*.
If the banksters had not wanted the fair housing act there is no way in fucking hell it would have passed.
Anonymous Coward
User ID: 773494
United States
01/17/2011 06:09 PM
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Re: Housing Market Plunge Passes Depression's
Some areas haven't plunged enough. I was looking at lake homes in the GA Mountains today (on the net) as we would like to retire up there. Homes on Burton, Rabun, Blue Ridge -- man there are a lot of $2-$5 million dollar homes! Who can afford that? Even the little shacks (and I mean shacks) are close to a million.
Hmmm (OP)
User ID: 853190
United States
01/17/2011 06:21 PM
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Re: Housing Market Plunge Passes Depression's
Something to mention. Both my wife and I put down $300,000, (equity from selling our homes before we got married), so we really figured out that we could afford to purchase a $300,00 dollar home,...which I think is more on the normal side. There's no way we would have even considered something more expensive.

I did know some people that bought $700,000 dollar homes with almost nothing down with an ARM loan,....they were out years ago.

I guess we could have moved into my old house,...built in the 60's, with no insulation, (95 degrees inside when the AC crapped out), a child molester living 2 doors down and a neighbor who had conversations with the light pole when he was tripping on LSD,...but....my wife/me and kids said no.

We live in a safe area now, where there's a lot of "normal" families with kids running around outside....if the value of my home drops another 50% oh well...a home is more than its monetary value.


banana2
static void

User ID: 1055544
United States
01/17/2011 06:25 PM
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Re: Housing Market Plunge Passes Depression's
How many fucking times it needs to be repeated:

the "crisis" has been done on purpose. The purpose was:

to get rid of middle class and American Dream



They succeeded tremendously because they knew, that Americans are dumb fucks and will do as they planned. Because they had taken care of it since at least 60's - make them dumber and dumber using TV, Hollywood and screwed education system

It's so fucking simple yet nobody gets it. I can easily predict future, how come you dumb fucks can't?

thumbs



"The ‘American Dream’, You have to be asleep to believe it." – George Carlin

sheeplebah
 Quoting: Anonymous Coward 1218292


This. The American Dream was a lie to begin with.
Anonymous Coward
User ID: 1184223
United States
01/17/2011 06:38 PM
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Re: Housing Market Plunge Passes Depression's
Part of living within our means that I'm proud of is the fact that we don't use credit cards. I had to file BK back in 2001 and since then I only use direct debit checking cards. Yes it has a Visa logo but if we don't have it in the bank it doesn't get spent.

We do have student loans
car payments
and a furniture payment

WE don't have any credit card payments.
-----------------------------------------------

I don't know when we will decide to buy a house. Renting may be throwing away money but I don't have yard work and I don't have to worry about being in debt on a mortgage that keeps loosing value.
Anonymous Coward
User ID: 1184223
United States
01/17/2011 06:39 PM
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Re: Housing Market Plunge Passes Depression's
George Carlin RIP



So succint and true

You have owners, they own you, they own everything!
Anonymous Coward
User ID: 642285
United States
01/17/2011 06:45 PM
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Re: Housing Market Plunge Passes Depression's
The "experts" say the Option Arm resets are BIGGER by FAR than the Sub Prime paper was. And they're all resetting between 2010 and 2012. Look for your local markets to drop another 20% at least. Maybe more in the worst hit places like Phoenix, Las Vegas, Sacramento, Stockton, Miami. That means the house that was 1.5 million in 2006 and has dropped to 350k to 400k now is going to see a further drop of 70 thousand to 80 thousand dollars! Now the new home index for resales is going to drop another 20%!! Heaven help those who own now and who have not refinanced or gotten their payments dropped on a workout deal with their lenders!
Anonymous Coward
User ID: 1230899
United States
01/17/2011 06:53 PM
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Re: Housing Market Plunge Passes Depression's
kinda really depends when you bought.Just like most investments.If your purchased at the peak,your screwed and lost a ton of money.With the rental market,it just maybe near the bottom.I dont see rent prices dropping much.who knows?But one thing that did force a drop is when they changed the appraisal laws.No more jacked appraisals,you cant get a home loan for more then what its worth.And you can no longer get a jacked appraisal.The house I bought once appraised for 240 thousand.So when I had it appraised before I got a loan,it dropped to 150 thousand.New real oak floors,granite kitchen counter top,acre of land,inlaw apartment.I can rent that for 700.But let my kid live there for half that.Its a lot nicer then the home I lost in 2005.
Taurus757

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01/17/2011 07:09 PM
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Re: Housing Market Plunge Passes Depression's
Housing Market Plunge Passes Depression's

(CBS) NEW YORK -- Home prices fell for the 53rd straight month in November, taking the decline past that of the Great Depression for the first time in the prolonged housing slump, according to Zillow.com.

[link to www.cbsnews.com]

-------------------

We purchased our home September 30, 2005 for $615,000
It's now worth $287,500 (San Joaquin County, CA)



I hope things "level" out sooner than later.

bushpunch
 Quoting: Hmmm 853190

Proof that we are well on our way toward a recovery...
Anonymous Coward
User ID: 1230899
United States
01/17/2011 07:14 PM
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Re: Housing Market Plunge Passes Depression's
Rent price trends for 2010
[link to wallstreetpit.com]

Now at some point in time,either rents will drop or the housing drop will slow and maybe even hold.It would be awhile for it to turn with all the abandon homes,unless the bankers start renting em
Anonymous Coward
User ID: 761652
United States
01/17/2011 07:28 PM
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Re: Housing Market Plunge Passes Depression's
Hope in one hand, shit in the other......


Other than being unnecessarily disgusting,

what is that even supposed to mean?
 Quoting: Briarcliffe 1221388


it means hope is nothing. it is worth less than shit. only value what you know is there. a bird/turd in the hand is worth two in the bush, etc...





GLP