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2013-03-07 -Signs, Portents, and the Weather-
The Great Senior Sell-Off Could Cause the Next Housing Crisis
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Posted by DarthVader 2013-03-07 12:02|| || Front Page|| [11143 views ]  Top

#1 More and more I am thinking the boomers really screwed themselves hard, and in the process this country.
Posted by DarthVader 2013-03-07 12:03||   2013-03-07 12:03|| Front Page Top

#2 Of course the other trend feeding into lack of starter house purchases is the fact that many of those potential purchasers will spend the first 15-20 years of their working life paying off student debt. They will have to put off buying houses and starting families.
Posted by Iblis 2013-03-07 12:09||   2013-03-07 12:09|| Front Page Top

#3 I (Currently) Live in my mom's old house, it's a good home but older, so nobody wants to buy it
Posted by Redneck Jim 2013-03-07 12:32||   2013-03-07 12:32|| Front Page Top

#4 Price = Demand/ Supply

If you want to sell lower the price.

The word for this is called capitalism. Bailing land-owners out to stop property being more affordable is the stupidest thing ever.
Posted by Bright Pebbles 2013-03-07 12:36||   2013-03-07 12:36|| Front Page Top

#5 Also, many municipalities have made a lucrative racket out of demanding all sorts of code compliance upgrades before they will allow a sale to go forward. Things than were just fine while you lived in your home for years are suddenly expensive showstoppers at sale time.
Posted by M. Murcek 2013-03-07 13:15||   2013-03-07 13:15|| Front Page Top

#6 Being a member of "Team Boomer" is on my top 5 list of things I am least proud of... especially when I hold my grand kids on my lap.
From the Greatest Generation to the boomer generation Ponzi scheme in one generation.
Posted by Capsu78 2013-03-07 13:30||   2013-03-07 13:30|| Front Page Top

#7 Whoa. Wait a minute. I bought a house and that makes me a bad guy?
Posted by Ebbang Uluque6305 2013-03-07 14:35||   2013-03-07 14:35|| Front Page Top

#8 I put in the landscape myself, did not hire wetbacks to do it. It looks good too. I spent a butt load of time and money fixing the place up, worked my ass off to make the mortgage payments and this makes me a bad person?
Posted by Ebbang Uluque6305 2013-03-07 14:41||   2013-03-07 14:41|| Front Page Top

#9 You aren't a bad person, Ebbang Uluque6305. You and all the rest of us just need to wrap our minds around the idea that what we put so much time, effort, and money into is a home, not a profit center.
Posted by trailing wife 2013-03-07 17:23||   2013-03-07 17:23|| Front Page Top

#10 A man builds a fine house; and now he has a master, and a task for life; he is to furnish, watch, show it, and keep it in repair, the rest of his days.
Ralph Waldo Emerson, Society and Solitude: Works and Days, 1870
Posted by Anguper Hupomosing9418 2013-03-07 20:08||   2013-03-07 20:08|| Front Page Top

#11 You are all bad, bad people. For shame. Putting your own interests and desire for profit ahead of the state. Shame Shame. I'm calling the re-education centers on you.
Posted by DarthVader 2013-03-07 20:09||   2013-03-07 20:09|| Front Page Top

#12 The popping of the housing bubble began, IMHO, in 2006. The housing crisis is continuing and only massive intervention by the feds is preventing a catastrophic drop in housing prices.
What is this 'next housing crisis' the cited article is referring to?
Posted by Anguper Hupomosing9418 2013-03-07 21:59||   2013-03-07 21:59|| Front Page Top

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