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Frisco real estate service Here is a hint to home builders....we arent interested in you throwing in upgrades to homes we cant afford, upgraded cabinets and fixtures etc... we need affordability to get into the market. Too bad about this housing bubble. America might have better adjusted to stagnant wages, diminishing benefits and the outsourcing of blue collar jobs if we hadnt squandered so much wealth on what is now useless, overpriced housing. 200 grand median price? Theres your problem. This number needs to be no more than 3 times the median income, which I do believe is around 50 grand. So when the median price hits 150k then you will see things start to move. Until then, just lather up and take a couple more. I told my wife 5 months ago that we would be buying an existing house because new houses were overpriced in comparison. Hey builders, keep on building, flood the market so that housing values continue to drop for the next 2 - 3 years when we plan on buying our next house. The housing market is a direct reflection of the jobs market. Without a steady job mortgages are hard to come by these days (as well they should). What people have to look at is the big picture. While the Obama administration inherited this crisis, its only been made much worse by the policies that both he and his czars/czarinas pursue. Be it Obama care, Cap N Tax
real estate Be it Obama care, Cap N Tax, Drilling moratoriums, or onerous regulations across the board Obama seems to be working at cross purposes to what its going to take to get the economy moving again. Its well past time that he either lead, follow, or get out of the way of someone more capable because with each passing day its becoming ever more evident that hes just not up for the job. The so-called 70% consumer economy is no doubt in for a permanent adjustment. I wonder what it is now, considering consumers no longer have access to ridiculous amounts of credit. In order to have Demand people need money. To have money people need JOBS. You can have the best Frisco real estate home at the best price but if the "borrower" doesnt have the means to pay for it. too bad in my town in bucks county, thankfully prices have stayed up pretty well...my neighbor sold his house a few months ago in 4 days of course he came down 8 percent of his asking price...so had he not been in a hurry he probably would have lost only 2 or 3 percent, and he bought at the peak of the market.. Seems normal to me. Since no-one is building a small affordable house. Keep building two thousand sq-ft and up? Added push from the county tax assessors for developers to build big. The more taxes you know! So. Here is the thing. Frisco real estate Banks are still cashing in on foreclosures at the expense of tax payers. We are talking Billions of doolars. The FDIC is covering the original notes for failed banks. B of A buys a bad mortgage for 30% of the loan amount. They dump it for whatever they can get and the Colorado government is covering the balance of the original debt. They buy a Frisco real estate $100K loan for $30K, sell the house for $50K [making $20K mind you] and the government is ponying up an additional $50K. This gives the banks no incentative or risk to sell homes near market value. You would be a fool to buy new construction. Why are we subsidizing the banks? So they can give ou
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