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OOOOH- 2007 calling with some really bad, recessionary news:


OOOOH- 2007 calling with some really bad, recessionary news:  

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Author: TheCrow   Date: 11/6/2022 11:06:16 PM  +3/-0   Show Orig. Msg (this window) Or  In New Window

OOOOH- 2007 calling with some really really bad, recessionary news:: " ...because all homes go go up...'


Houses are not exempt from market forces. When the correction to irrationally high house prices occurs, a lot of mortgages default as people abandon over-priced houses, REITs lose their value.... lots aof bad things happen because the rule you propose is fallacious.


Even in 'hot home markets' some spec houses are losers in overbuilt developments, or built to a style that passed... Or infrastructure changes- I has a house with a school 4 lots down, a major traffic artery 0.6 mile of walk-able streets away grocery stores, etc. Eleven years later they built a divided highway through all that and the house was in a cul de sac with 12 others.


The sub-prime mortgage crisis collapsed that market affecting all house prices, not just those buying and flipping.


 


 
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Who had the worst deficits and who fixed it +5/-0 bladeslap 11/4/2022 8:30:30 PM