Posted on 01/31/2011 6:38:03 PM PST by driftdiver
I usually find the quarterly homeowner vacancy and homeownership report from Census pretty lackluster, but the latest one released this morning was anything but. Strawberry Mill Valley
America's home ownership rate, after holding steady for a while, took a pretty big plunge in Q4, from 66.9 percent to 66.5 percent. That's down from the 2004 peak of 69.2 percent and the lowest level since 1998
(Excerpt) Read more at cnbc.com ...
If you think housing has dropped now, talk to me again in 5 years.
Yeah, and wait until Obama & Co start taking over all those houses and moving Section 8 into them. Free houses for all!
more like 70 percent business property in my town is empty and the town fathers are blowing stimulas money on new sidewalks, brick blockades and wheelchair ramps to nowhere. waste waste waste.the companies doing the work are from another state so no jobs realized.
Don’t think there are many abandoned houses in the lower 9th... at least habital ones.
The Dims wanted everyone to own a home and got us in this economic mess.
I just sold a comdo this week I have had on the market for 8 months.
I took a big hit on price but I consider myself lucky to have even gotten what I did. Condos are hard because the finance stipulations have become ridiculous. If this wasn’t a cash deal it probably would not have gone through.
TallTexan used to post on this all the time. He was right. People used to give him such crap. I hope he's still around.
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