[peeker01]

As a landlord, I can't wait to compete with the federal government in the rental market. I'm
sure they will have no credit check, super low deposits and govment subsidized rent. Now the
whole country can start to look like the projects.

[AgentR11]

Home values do not need to go up. They are still TOO HIGH.

[peeker01]

$this->bbcode_second_pass_quote('AgentR11', 'H')ome values do not need to go up. They are still TOO HIGH.

[AgentR11]

Nope. Why?
I never have viewed my house as an ATM machine though...

[basil_hayden]

Who are they going to rent to - Mexican drug lords?

[peeker01]

$this->bbcode_second_pass_quote('AgentR11', 'H')ome values do not need to go up. They are still TOO HIGH.

[basil_hayden]

$this->bbcode_second_pass_quote('peeker01', '')$this->bbcode_second_pass_quote('AgentR11', 'H')ome values do not need to go up. They are still TOO HIGH.

[AgentR11]

Not just my home, all homes. They are too expensive when compared with median income. Of course, there is a slight selfish interest in wanting ones' house to rise in price, as it makes a niftier number on Quicken's personal balance sheet; but it seem to me, there are structural things going on in the US market that have greater import.

Price of homes is one of the biggies.
There is no reason why a family of four shouldn't be able to live, in a home they own, with a stable, 30k/yr income. That's where we need to go with respect to house prices.

I have ZERO sympathy for the house = ATM folks. ZERO.

There's also the paying of property taxes which are based on the value of the house, which comes out of my pocket, and which I'd like to remain as small as possible.

[Pops]

If we've reached Peak Economy then home prices have a good long way to fall yet - mainly because we imagined we needed and could pay for, almost 1,000sf per person of living space. The houses we have are not designed for how we'll need to live.

In the future household size will reverse it's trend and begin increasing as jobs disappear and a smaller percentage of the population works. Kids will stay home, parents will move in with the kids. so lots of bathrooms will be nice but the "Great Room" and "Owners Suite" will need to be subdivided.

So why not rent 'em out and at least make the neighborhoods look occupied? A dollar says that they will be scooped up by investors to use as rentals anyway so might as well get a return on that half trillion.

[RedStateGreen]

$this->bbcode_second_pass_quote('AgentR11', '
')There's also the paying of property taxes which are based on the value of the house, which comes out of my pocket, and which I'd like to remain as small as possible.

[eastbay]

$this->bbcode_second_pass_quote('basil_hayden', 'W')ho are they going to rent to - Mexican drug lords?

[americandream]

These will eventually be sold off to cash funds as blocks of rental "going concerns". Homeowners into tenants in a generation.

[prajeshbhat]

$this->bbcode_second_pass_quote('AgentR11', 'N')ot just my home, all homes. They are too expensive when compared with median income. Of course, there is a slight selfish interest in wanting ones' house to rise in price, as it makes a niftier number on Quicken's personal balance sheet; but it seem to me, there are structural things going on in the US market that have greater import.

Price of homes is one of the biggies.
There is no reason why a family of four shouldn't be able to live, in a home they own, with a stable, 30k/yr income. That's where we need to go with respect to house prices.

I have ZERO sympathy for the house = ATM folks. ZERO.

There's also the paying of property taxes which are based on the value of the house, which comes out of my pocket, and which I'd like to remain as small as possible.

[Cog]

$this->bbcode_second_pass_quote('Pops', '
')So why not rent 'em out and at least make the neighborhoods look occupied? A dollar says that they will be scooped up by investors to use as rentals anyway so might as well get a return on that half trillion.

[peeker01]

$this->bbcode_second_pass_quote('prajeshbhat', '')$this->bbcode_second_pass_quote('AgentR11', 'N')ot just my home, all homes. They are too expensive when compared with median income. Of course, there is a slight selfish interest in wanting ones' house to rise in price, as it makes a niftier number on Quicken's personal balance sheet; but it seem to me, there are structural things going on in the US market that have greater import.

Price of homes is one of the biggies.
There is no reason why a family of four shouldn't be able to live, in a home they own, with a stable, 30k/yr income. That's where we need to go with respect to house prices.

I have ZERO sympathy for the house = ATM folks. ZERO.

There's also the paying of property taxes which are based on the value of the house, which comes out of my pocket, and which I'd like to remain as small as possible.

[Keith_McClary]

$this->bbcode_second_pass_quote('basil_hayden', 'W')ho are they going to rent to - Mexican drug lords?

[AgentR11]

$this->bbcode_second_pass_quote('prajeshbhat', 'I') am 23 years old. The baby boomers are still here. The generation X is still here. The generation Y is still here. They all believe that my generation can come up with $3,000,000 for each one of those houses so that they can continue to live in the golden age of capitalism. And this time it's not just the retarded Americans. The youth of the whole world is dragged into this mess thanks to the neo-liberal and neo-conservative free-trade globalization hacks. I weep for the fate of my generation.

[prajeshbhat]

$this->bbcode_second_pass_quote('', '
')Weep? Go to work and buy a foreclosure. You and my daughter should get together. She thinks
the world owes her a living too.

[basil_hayden]

$this->bbcode_second_pass_quote('prajeshbhat', '')$this->bbcode_second_pass_quote('', '
')Weep? Go to work and buy a foreclosure. You and my daughter should get together. She thinks
the world owes her a living too.

[gollum]

$this->bbcode_second_pass_quote('peeker01', '')$this->bbcode_second_pass_quote('AgentR11', 'H')ome values do not need to go up. They are still TOO HIGH.