During the US Housing Crisis I Bought a Few Homes and Told My Friends to Join Me, but They Didn't. n

During the US housing crisis I bought a few homes and told my friends to join me, but they didn't. Now that home prices have doubled and tripled, why are they resentful of me when they had the same opportunity?

They are jealous and hate you because you were right. People, nowadays, feel privileged and deserve things. They resent you for leaving them behind

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Who agrees that the home prices record 6.7% decline in this "booming" economy is a good thing?

Home prices will fall farther than that and the fall will last longer too! Of course its a good thing. The reality of lower prices is far more realistic and will led to an eventual recovery.

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Why is the average home price in South Central LA $ 288,600?

Lower middle class is about 100k more then that

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Were sub-prime mortgages caused by raising home prices?

Yes,it were bad policygreed of the bankers

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do you see home prices going down or up for the rest of 2008??

Good question! It's kinda hard to predict is not it? With so much going on with the U.S. economy, homes in the united states will probably fall unless something drastic happens

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How can a good location increase the home price?

A good locatio can mean different things to different people, but there are also subjective factors that determine a home's value. Depending on your personal needs and preferences, you may not be able to buy a home with all of these factors. And that's OK - after all, a home is much more than just an investment. However, next time you are shopping for a new property, keep the following factors in mind.getappraisal free online property estimate and valuation with us in Australia. The property estimate calculator tool will give instant and appraised value for your house. To avail today, visit website. How a good location can increase home prise?

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Would you purchase a home in the U.S. now or wait for a recession to lower home prices?

Are you planning on getting a mortgage? If so, rising interest rates will affect your cost of ownership much more than the purchase price of the home. I do not know what the future holds in terms of home prices, but interest rates will go up by .5% to 1% in the next 18 months

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US HOME PRICES KEEP GOING UP. but is quality and neighborhoods too.?

Higher prices drive out undesirables

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Why are home prices so relatively expensive in the Northeast (outside of New York City and Boston)?

Philly followers are the worst. Who else throws snow ballls at Santa? to declare that Boston followers are he worst because of the fact they do no longer stick by potential of their communities is bullshit. The followers in Boston are as solid as different citiies., it extremely is the bandwagon followers that do this, and that they are regularly no longer from the Boston section. by potential of ways, those comparable followers would desire to be rooting for long island or dallas or every physique else next 3 hundred and sixty 5 days. get a clue calisurf

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Should I sell or refinace my house?

Hello - Congratulations on already owning a home at 21, and more importantly, making plans for your future. May I ask what local market you might be located? The reason being, that it is your local job market and job growth forecasts that should guide your decisions. In most cases, I advise my clients not to sell. Here's why: Nearly a full third of households are still renting...but if you are one of them, you could be paying a hefty price. Additionally, the children of the baby boomer generation are close to or at the home buying age, but these "echo boomers" could mistakenly decide to put off the purchase of a home because of all the noise about a "bubble" in home prices. Is there a "bubble"? The simple answer is "no". Even if interest rates move a bit higher, it wo not be enough to cause a nationwide slide in home prices. The key to a healthy housing market is the job market. If the payment on a new home might be slightly higher due to increased interest rates, it generally wo not stop someone from purchasing the home of their dreams...but if they feel their job is in jeopardy, it might be enough to stop them from making a move. So with the currently low levels of unemployment and the beefy gains in job creations, it looks like the housing market will remain vibrant. Although it will be difficult to sustain the double-digit gains that much of the country has seen, price declines are highly unlikely. Expect a more moderate rate of appreciation, perhaps closer to the historical 6-7% range, which is still very good. It is important to note that housing tends to be localized. So if the job market in your area is weak, housing prices could under perform the rest of the country. But this talk of a housing bubble has been going on for a few years now, and those who were unfortunately victimized by continuing to rent instead of purchasing a home are painfully mulling over their missed opportunity. But is it too late? Even with the more moderate levels of appreciation expected...procrastinating on that home purchase could cost you a bundle. Let's look at an example. If you are paying rent at $1,500 per month and your landlord increases your payment by a modest 5% each year, you would wind up paying just about $100,000 over a 5-year period! Worse yet, after forking over $100,000, you still would have nothing to show for it. And speaking of having nothing to show for it - how about any improvements you might make to a rental property? It's not uncommon for renters to freshen up the paint, install new light fixtures or plant some nice flowers outside. But guess what...all your efforts, labor and the benefit of that improvement belong to the landlord, not to you. So would not you rather benefit in this regard, than trying to sell your home? With the extensive variety of programs to help buyers obtain a mortgage with little to even zero down payment, the very same money could have been used towards home ownership. Even using a standard 30-year fixed program, a mortgage of $300,000 could be obtained with a total monthly mortgage payment - including property taxes and insurance - of around $2,200. Assuming a 25% tax bracket, this would be equivalent to the average amount spent on rent during the same period after your tax benefit. And the benefits of home ownership are quite considerable. Because the mortgage is being paid down each month, equity is being built. After 5-years, the $300,000 mortgage would be reduced to $279,000, adding $21,000 to your net worth. Home appreciation can add an even bigger chunk. If your home appreciates at a modest 5% per year, the value of a $300,000 home would increase to $383,000 after 5-years. Subtract the remaining mortgage of $279,000 and you have a whopping $104,000 of additional net worth! Even if the appreciation level were at 3.5% or half the historical norm, the result would be $77,000 of additional net worth. But if laying out the initial increase in monthly payment and having to wait for your tax benefit to show up next April is a tough nut to crack, the IRS wants to help. Instead of waiting to file for the tax benefits derived from your new home purchase, you can simply adjust the amount of your withholding. This allows you to have less tax withheld from each paycheck so you can handle the new mortgage payment more comfortably throughout the year. In essence, you are taking your tax refund as you go instead of letting Uncle Sam hold it all year, interest free. Visit www.irs.gov and use the IRS withholding calculator. This very handy tool can quickly show you the effect a change in withholding will do to your net paycheck. Remember to balance this with the expected refund and it is always a good idea to check with your tax advisor. Do not be victimized by the bubble hype. Buying a home is a big step, but it is almost always one in the right direction. You can take the equity out of your current home, and utilize that too buy additional properties. Since you are new to the game, you will want to begin building your financial future through what is called " Arbitrage." I would be happy to explain this in greater detail if you would like. Kindest Regards,