CITYBLOGGER..PENAFIAN Laman ini tidak bertanggungjawab atas hasil penulisan yang dipetik dari sumbe

Well yeah! People won’t buy homes from banks who want more then market value. One other factor is all the people being laid off lately. I know at least three people that have always had jobs that are now laid off. It’s not getting better it’s getting worse. I don’t blame Obama. I blame all government that has allowed everything to be outsourced and allowed corporations to divest from America for quick profits overseas. If you give the corporations and the wealthy tax breaks it will just speed up the process of sucking all the money out of America.The American Real Estate market has been a Shame since we went off the Gold Standard once and for all in the 1970's and the Fed started printing in earnest. Only then, when prices rose in relation to a declining dollar, did RE agents and the banks create the myth that a "Home is an Investment", and the simpletons bought into it.

What Kind of "Investment" is a home? It costs thousands a year in Taxes and maintenance, it costs tens or hundreds of thousands to get into and then costs a monthly interest fee to keep. Over the life of a house you will usually replace everything in or on it but the foundation and the walls. Truth? It is a depreciating liability...that will be dust in 100 years; the only thing of any REAL value is the LAND it sits on, and we have LAND in abundance in the US, which makes it a low risk, low return thing to buy.

WORST OF ALL...to realize any profit from a House, you MUST SELL IT DURING A MARKET HIGH POINT, leaving you with no place to live that isn't just as expensive as the house you just liquidated ,unless you are smart and rent an Apt, but if you do that the Feds take a HUGE CHUNK in CAPITAL GAINS TAXES, which almost forces you into another house near or higher the price the one you just sold.

So..your house is an investment huh? I think I'll stick with my Google stocks and my Gold ounces Suckers.