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To: illiac
I'm glad I own my single family home because the way things are being pushed, single family homes are soon to be unaffordable for anyone to buy.

Hello town homes and apartments.

2 posted on 07/28/2011 1:18:29 PM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS
I'm glad I own my single family home

If they eliminate the mortgage interest deduction the value of single family homes will drop like a rock and you'll be able to buy two of them.

5 posted on 07/28/2011 1:24:00 PM PDT by ladyjane
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To: EGPWS
We have about a 15 year overhang on SFD. What you might do is look around and see what's cheap ~ California, Florida, Nevada ~ they have a lot of them just sitting around and might be willing to negotiate price.

The error in the report is that they are citing a Communist/Marxist and he equates HOUSING with INVESTMENT.

We've always suspected the Commies would be happy to leave people sleeping under bridges and in culverts if it would help them ban private property entirely.

This guy at Urban-Brookings kind of gives away the show.

11 posted on 07/28/2011 1:34:50 PM PDT by muawiyah
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To: EGPWS

“I’m glad I own my single family home because the way things are being pushed, single family homes are soon to be unaffordable for anyone to buy.”

Huh? Our friends in government are currently doing everything they can to prop prices up, on the old New Deal theory that higher prices equal better economy. The market wants prices to go down. Needs them to go down. If government got out of the way, they would go down.


16 posted on 07/28/2011 1:50:26 PM PDT by Tublecane
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