Everyone wants to talk about this housing mess...........
DO YOU KNOW that most peoples houses are worth MORE now than they were a mere 8 years ago!?..........8 little years!
As a gambler, accept the swings..........they will ALWAYS be there in just about everything monetary.
What goes up, WILL come down.
By the way, the DOW FUTURES are down triple digits two hours before the opening bell.
FH
DO YOU KNOW that most peoples houses are worth MORE now than they were a mere 8 years ago!?..........8 little years!
As a gambler, accept the swings..........they will ALWAYS be there in just about everything monetary.
What goes up, WILL come down.
By the way, the DOW FUTURES are down triple digits two hours before the opening bell.
FH
A home is a place to LIVE, not INVEST
DO YOU KNOW that most peoples houses are worth MORE now than they were a mere 8 years ago!?..........
Wow...i dont have time to explain why your wrong on both these fronts..
But it goes to the core of why the fair housing act has caused the avg American home owner to be screwed by his government.
Let me try right quick....Homes are supposed to always increase in value....in theory. So working and saving hard you put 20% down and buy a house at say 6% interest. If the value grows at over 6% you make money and its a great investment...This country has been built on this principal for 50 years.
But instead lets GIVE some people a loan they cant afford, nothing down, no qualifying, just ask and you shall recieve. What does that do to the value of your house? or every house for that matter? Right it lowers the value of all of them.....so your working hard , building equity in your house, watching your investment grow while your neighbor is basically renting from the mortgage company under the guise of "owning a home" when they own nothing and get NONE of the benefits of home ownership (with no down payments and payments which barely cover the true interest they build NO equity) they are not only not "true" homeowners they are ruining it for you also....
DO YOU KNOW that most peoples houses are worth MORE now than they were a mere 8 years ago!?..........
Wow...i dont have time to explain why your wrong on both these fronts..
But it goes to the core of why the fair housing act has caused the avg American home owner to be screwed by his government.
Let me try right quick....Homes are supposed to always increase in value....in theory. So working and saving hard you put 20% down and buy a house at say 6% interest. If the value grows at over 6% you make money and its a great investment...This country has been built on this principal for 50 years.
But instead lets GIVE some people a loan they cant afford, nothing down, no qualifying, just ask and you shall recieve. What does that do to the value of your house? or every house for that matter? Right it lowers the value of all of them.....so your working hard , building equity in your house, watching your investment grow while your neighbor is basically renting from the mortgage company under the guise of "owning a home" when they own nothing and get NONE of the benefits of home ownership (with no down payments and payments which barely cover the true interest they build NO equity) they are not only not "true" homeowners they are ruining it for you also....
