Home ownership the biggest investment americans make is being hit hard .Forget lower gas prices .When my 340,000 dollar home losses 34,000 dollars in value in a year whats up .Someone make bush fix it .
2006-11-01 03:00:33 · 8 answers · asked by playtoofast 6 in Politics & Government ➔ Politics
What in the name of God is going on with you?
I've just read your last 5 or 6 Q's and each one is more incoherent than the one before. Please tell us that you are not so deluded as to actually believe all this drivel you're posting here!
C'mon buddy, take a deep breath and get a grip on reality!
2006-11-01 13:39:16 · answer #1 · answered by Anonymous · 0⤊ 1⤋
House prices go up when interest rates are down.
Likewise, house prices go down, when interest rates rise.
Believe me when I say, you are not alone. This same scenario played out in the 1980's. The exact same thing happened. They bought houses for top dollar or refinanced homes beyond their stated value. Many mortgage companies were promoting refinancing homes for as much as 150%. Many did this. Others, like you, I assume, bought a home that was "overpriced" to begin with. Now, what do you do?
I can only tell you this, you can go Bankrupt (but thanks to the new bankruptcy laws by Bush, you may still be responsible for most of the loss. In the 1980's, many houses were sold on contract, you might want to consider doing this. Get a good lawyer who deals in "house contracts". It will be well worth paying for advice at this point, rather than going into default on house payments because you can't afford the payments. Above all, try not to go into foreclosure. It will take years to rebuild your credit. My advice is to get REAL ADVICE, not yahoo advice. See a lawyer, before you "have to". Good luck,,,really.
2006-11-01 12:18:27 · answer #2 · answered by Nancy L 4 · 0⤊ 1⤋
Hey! I am buying a house next year I hope it goes down even further maybe your home is too expensive it's call market adjustments and just think about it, that new 500,000 house that you have your eye on will also go down 10% . I guess it depends on your perspective if it is good or bad.
2006-11-01 11:08:23 · answer #3 · answered by Ynot! 6 · 1⤊ 1⤋
You know home prices were inflated far beyond a reasonable value. I am sorry you are losing. Try the stock market.
2006-11-01 11:03:10 · answer #4 · answered by Anonymous · 1⤊ 1⤋
Good for you buy more property's Nows the time to make some
assets work for you.Sale later when Billery wins!
2006-11-01 11:07:22 · answer #5 · answered by Anonymous · 0⤊ 1⤋
The cost of orange juice has also gone up. I'm sure Bush is at fault. LOL.
You're predictable.
2006-11-01 11:02:26 · answer #6 · answered by C = JD 5 · 1⤊ 1⤋
Look in the mirror. You overpaid.
Another Liberal looking for the government to fix their problems.
Markets are cyclical. If you can't figure out where you are buying on the cycle blame yourself.
2006-11-01 11:06:03 · answer #7 · answered by C B 6 · 2⤊ 2⤋
Its crazy when you use there own arguments against them, they completely forget everything.
2006-11-01 11:12:58 · answer #8 · answered by Anonymous · 0⤊ 0⤋