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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: techlover1 who wrote (265534)	8/1/2010 1:21:19 PM
From: grusum	Respond to of 306849

"Credit for the average person who is earning a decent salary has to loosen up to solve this. I think it is really that simple." no one wants to loan money on over-priced housing. as home prices fall, more credit will become available. of course people still need jobs in order to take advantage of any available credit..

To: techlover1 who wrote (265534)	8/1/2010 1:52:05 PM
From: koan	Read Replies (2) \| Respond to of 306849

I agree. Yes, up here the rental properties have already reached brand new highs. I have sold over 50% of all multiplexes over the last decade (not sure why-luck?), but the last four I have sold were at prices way above the old highs and presently we have nothing of value for sale. Rental prices, as you say, have also risen to all time highs. The banks took advantage of the crises they created to now take free money from the fed and then lend it only to people with the highest credit scores. The big banks make more money gambling on the world market. As mentioned, if we allowed streamlined refinancing to the middle class who have good credit scores and jobs, of 1st and 2nds at 120% of appraisal, those loans would be quality loans (those folks pay their bills) and go a long way toward reducing forclosures and helping our economy e.g. it would put a lot of people back to work. It would also allow the middle class to protect their credit. A strong middle class is the foundation and backbone of a strong economy and healthy democracy. Why the Obama administration can't figure this out just blows my mind. It is so simple.

To: techlover1 who wrote (265534)	8/1/2010 2:31:48 PM
From: Valuepro	Respond to of 306849

"...Camp LeJune on the East Coast of NC." Same thing in El Paso, TX. Lots of government spending going on in those areas relative to expanding the military bases. That constructions spending is not sustainable, though the new government jobs and related spending may be. Question is, will the fall in construction spending be offset by the income from the new jobs. Still, this is not really a good sign for the rest of the country, unless we all want to work for the government. But then who will be left to pay taxes from producing anything of value? Wealth goes to those nations who produce things. T

To: techlover1 who wrote (265534)	8/1/2010 2:57:42 PM
From: Jim McMannis	Respond to of 306849

The rental market is tightening in Northern Palm Beach county and Martin county, FL.