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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (1778)	6/29/2013 6:18:23 PM
From: tejek	Read Replies (1) \| Respond to of 2722

he small inventory is very unusual......and pretty unique to this recession. Its bound to change. But the recession has been officially over four years. We've been in a decent but slow recovery for a while now. I am sorry.......but the memory is short. The decline in housing prices was severe.........more severe than during any recession since WW II. The number of people underwater was shocking. Last I checked only two housing markets were at their highs historically and both were in TX. That means a lot of people are still underwater. I believe you are letting sensationalistic headlines fool you. For an example, Seattle had a double digit increase in May YOY but yet, its median is still no here near its 2008 high. That's why Seattle still has people underwater and a shortage of housing on the market. Bernanke and friends could probably take the training wheels off, force feed a nice correction in the stock market averages, slow down the feeding frenzy in high cost areas and still not stop the continued recovery going on from the financial crisis everywhere else where it is still inexpensive. Getting middle class purchasing power and equity up is crucial at this point I am not sure about that...........we still have a lot of slack in the economy.......high unemployment rate, average job growth, little growth in wages, manu. capacity utilization is still at 78%, etc. Given that the EU is still a mess, the sequester cuts are still passing thru the economy and China's economy is flagging, I don't think its a good time to change anything.