To: Free Vulcan
That’s actually bad news for home prices. The last thing the housing market needs is a larger inventory.
9 posted on
10/19/2011 6:39:51 AM PDT by
winner3000
(ss)
To: winner3000
Exactly! The Gov't keeps propping up the industry and prices need to drop.
I am sure many of those buying those new homes are buying them with cheap credit, balloon financing and they are overpriced.
10 posted on
10/19/2011 6:43:42 AM PDT by
fortheDeclaration
(When the wicked beareth rule, the people mourn (Pr.29:2))
To: winner3000
You can bet on the fact they are custom builds, no bank I know would make a loan on a speck home, except for the area around DC. And the government employee retirement communities.< /p>
15 posted on
10/19/2011 6:58:39 AM PDT by
org.whodat
(Just another heartless American, hated by Perry and his fellow demorats.)
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