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Homeownership Rate in U.S. Falls to Lowest Since 1997

 
No Dhimmi
Proud Infidel

User ID: 20949
United States
04/30/2012 03:17 PM

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Homeownership Rate in U.S. Falls to Lowest Since 1997
Recovery? What Recovery????


The U.S. homeownership rate fell to the lowest level in 15 years in the first quarter as borrowers lost homes to foreclosure and tighter inventory and credit kept buyers off the market.

The ownership rate may drop below 64 percent by the end of 2015 and stay there for years, Scott Simon, the mortgage bond head of Pacific Investment Management Co. in Newport Beach, California, said in an e-mail today.

“It will be lower by 2017,” he said. “It will be lower in 2020.”

More Here:
[link to www.bloomberg.com]
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
No Dhimmi (OP)
Proud Infidel

User ID: 20949
United States
04/30/2012 03:18 PM

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Re: Homeownership Rate in U.S. Falls to Lowest Since 1997
Yet more proof of no recovery:

Thread: The “Recovery” Faked By Phony Gov. Numbers
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Doomwaffles

User ID: 15305574
Belgium
05/02/2012 05:31 PM

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Re: Homeownership Rate in U.S. Falls to Lowest Since 1997
Same here in my country, people just can't afford houses anymore and prices just keep rising inspite of what we are told t hrough the media. I've noticed that rend for a while.
Same for "the Euro" in general, the currency.
Everyone was told repeatedly, even PROMISED several times on many occasions that the Euro would not lead to increase in prizes. I have still to meet one Belgian that thinks life has become cheaper since the Euro... .

EVERYTHING became more expensive since the Euro.
That includes houses.
I am Eekerstard too!!!
Anonymous Coward
User ID: 5859380
United States
05/02/2012 05:41 PM
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Re: Homeownership Rate in U.S. Falls to Lowest Since 1997
Recovery? What Recovery????


The U.S. homeownership rate fell to the lowest level in 15 years in the first quarter as borrowers lost homes to foreclosure and tighter inventory and credit kept buyers off the market.

The ownership rate may drop below 64 percent by the end of 2015 and stay there for years, Scott Simon, the mortgage bond head of Pacific Investment Management Co. in Newport Beach, California, said in an e-mail today.

“It will be lower by 2017,” he said. “It will be lower in 2020.”

More Here:
[link to www.bloomberg.com]
 Quoting: No Dhimmi




yeah the recession never ended:

source:

[link to www.zerohedge.com]


The gaping systemic issues that casued the problems were never fixed, just Monetized (print your way to success)

Whilst the public goes bankrupt (crumbling foundation)

the elite top get over weighted and are becoming increasingly consumed by their possessions causing massive fear.

If it crashes in my lifetime, I will thank my stars for all the days I spent reading and enjoying nature and being with friends.
Doomwaffles

User ID: 15305574
Belgium
05/02/2012 05:44 PM

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Re: Homeownership Rate in U.S. Falls to Lowest Since 1997
Recovery? What Recovery????


The U.S. homeownership rate fell to the lowest level in 15 years in the first quarter as borrowers lost homes to foreclosure and tighter inventory and credit kept buyers off the market.

The ownership rate may drop below 64 percent by the end of 2015 and stay there for years, Scott Simon, the mortgage bond head of Pacific Investment Management Co. in Newport Beach, California, said in an e-mail today.

“It will be lower by 2017,” he said. “It will be lower in 2020.”

More Here:
[link to www.bloomberg.com]
 Quoting: No Dhimmi




yeah the recession never ended:

source:

[link to www.zerohedge.com]


The gaping systemic issues that casued the problems were never fixed, just Monetized (print your way to success)

Whilst the public goes bankrupt (crumbling foundation)

the elite top get over weighted and are becoming increasingly consumed by their possessions causing massive fear.

If it crashes in my lifetime, I will thank my stars for all the days I spent reading and enjoying nature and being with friends.
 Quoting: Anonymous Coward 5859380



amen


its even been told in Europe that we should not expect any economical growth in the next decade, in fact we'll e lucky if we only stagnate.
Yet our governments keep investing in large projects that cost a shitload of money like building megamalls
And they happen to build that in places where others have to move out of their homes to make room...iow ... poor people (they never pull that shit in rich demographs)
I am Eekerstard too!!!

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