is the usa market crashing?
2007-12-28 17:50:48 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
i dont want to live there dirk.. i was looking at your houses on remax and i could buy a new house and still have money left over.. and i still would not move there
2007-12-28 18:04:23 · update #1
I didn't know they were...some are ridiculously expensive, especially in California where the realtors have pushed up the prices. A house that sold in the 40's for $8.000 is now over $500,000....doesn't sound cheap to me.
But the area where you live does make a difference. Where I live you can find a house from $60,000 on up.
All the talk and foreclosures are because the mortgage companies were cheating people....selling and re-selling the mortgages and wrote in things no one agreed to...people found themselves with adjustable payments when they signed up for "fixed" ones....it is a real mess. Primarily due to corrupt contracts given to people who had no extra money.
Have always thought the realty market is the least fair one we have....those who can afford the least have to pay the most...and way more than the house is worth.
2007-12-28 17:59:58 · answer #1 · answered by samantha 6 · 0⤊ 1⤋
If you think prices are so good buy a house and what you'll fine is a good home is not so cheap. It's tools like you who drove the prices up in the first place buying homes like you would a shirt on sale. The bottom line is the housing market always corrects it self now and than and we have had record gains in the market lately so if you think your getting such a great deal buy and you will find out your just paying what it's really worth and maybe when you sell you will get your money back...
2007-12-28 18:10:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, the housing market is in a sharp decline right now. Just wait.
2007-12-28 17:54:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
One of the banks in Germany thought the same thing and sent over millions to buy into the mortgages here. Now they almost went bankrupt. They are experts in money matters. Hmm I want to tell you but now China has sent over over five billion USD to buy into the Banks here. Today another Asian bank has sent money for the same thing. Please keep the secret okay.
2007-12-28 18:57:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Some are cheap some aren't. Places nobody wants to live are cheap and some expensive places ran up in price to fast so are falling.
2007-12-28 17:53:23 · answer #5 · answered by shipwreck 7 · 0⤊ 0⤋
That depends where you look. For example..if i look at homes in a town in Idaho..they might seem cheap to me but not for the folks that live there. It's cost of living. Now, where I am, homes are going for $800K-1.5M
2007-12-28 23:16:08 · answer #6 · answered by KathyS 7 · 0⤊ 0⤋
House flipping kinda screwed things up. But, it's not going to last for that long.
2007-12-28 17:53:46 · answer #7 · answered by Moral Orel 6 · 0⤊ 0⤋
so houses in your country more expensive? Wow, I wonder why then it is that the ENTIRE world wants to come live in the US.
2007-12-28 17:54:02 · answer #8 · answered by Dirk 2 · 1⤊ 0⤋
the market is low right now because of the subprime mortage crisis. it will recover eventually.
2007-12-28 17:54:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
depends on your location...go to beverly hills or malibu...see if you can buy less than 1M
2007-12-28 17:54:15 · answer #10 · answered by justME 3 · 0⤊ 0⤋