2007-08-02 10:18:23 · 8 answers · asked by GD-Fan 6 in Business & Finance ➔ Renting & Real Estate
Long long after George W. Bush leaves the office of President and the republican party releases our country from this stranglehold of fear. After the war ends, actually not a war rather a forced occupation that the media has convinced us is a war. Finally, after the depression that is imminently coming and all the creditors can recover from the blow of bankruptcies that is about to shroud their assets. We have just begun to flail and it is soon to get much much worse.
2007-08-02 10:24:55 · answer #1 · answered by Anonymous · 2⤊ 1⤋
housing prices are likely NOT going up but will steadily drop due to a LOT of factors,one being the amount of short sales and foreclosures on the market. Another factor is the lending institutes- when the market was so hot people were getting loans with ARMS, now that the ARM is due homeowners cannot afford their payments- hence the large amount of homes on the market and its steadily decreasing.
2007-08-02 11:03:48 · answer #2 · answered by sylviavnpttn 5 · 0⤊ 0⤋
I think it may be quite awhile before we see a rise in the real estate market again. I hate to say it, but another disaster ala Hurricane Katrina would most likely stir the market up again. As one poster jokingly (I think) said something about 2009, I feel that prediction is about right before we see even a small increase in prices.
I just sold several acres that I had held for 17 years, made a nice profit. However, had I sold that property 18 months ago, I would have nearly doubled my profit. Live and learn. I decided to get out before prices fell any further. I don't see them going back up anytime soon.
2007-08-02 10:31:19 · answer #3 · answered by ~RedBird~ 7 · 0⤊ 1⤋
The optimists are predicting a better outlook for the housing market in 2008. The more cautious ones are saying a turn-around may start happening in 2008 but we really won't see the upturn until 2009 at the earliest. Let's see who's right . . .
2007-08-02 10:21:59 · answer #4 · answered by JADE 6 · 0⤊ 2⤋
HAHAHAHAHAHAHAHAHA!!!!!! Oh sorry.
Did you honestly believe that prices were going to go up 20% every year, so that a one bedroom shack would be $2 million?
Prices are already collapsing. They will only continue down, as the subprime free money is cut off for good.
2007-08-02 10:21:14 · answer #5 · answered by CJ 6 · 0⤊ 1⤋
I think theyll fall a little more before they go up... Im thinking theyll start rising in spring of 09...
2007-08-02 10:20:59 · answer #6 · answered by timssterling 4 · 1⤊ 1⤋
the day after tomorow
2007-08-02 10:20:35 · answer #7 · answered by Zappa 2 · 0⤊ 3⤋
They won't, they were overinflated to start with.
2007-08-02 10:20:55 · answer #8 · answered by vinster82 5 · 0⤊ 2⤋