All I see are increasing gas/diesel prices; another .10 - .25 cents for everything I buy at the supermarket every week; and virtually everything else that I need to purchase on a monthly basis.
Yeah my house has dropped in value like everyone else, but that really is just getting housing back to a realistic price that the average family can afford.
“Yeah my house has dropped in value like everyone else, but that really is just getting housing back to a realistic price that the average family can afford.”
Don’t hold your breath waiting for viable bids (though you may get offers to rent the place); the next generation of American homeowners will be miniscule. Breeding is sputtering to a stop among those Americans that even bother getting married, and childless couples earning “new normal” wages no longer have their primary motivation to buy a home - the tax deductions (they don’t even need them anymore, and the property tax bills more than offset any tax benefits). People realize they need to keep their mobility to follow their jobs (a la “The Grapes of Wrath”), and even though “short sale” has replaced “foreclosure” in our lexicon, the fact is many Americans just realized that their “mortgage payments” were in fact “tax-deductible rent payments” as they find themselves out of their homes with nothing to show for years of such payments.
I believe the amnesty is just to get illegals and “replacement Americans” into these homes; they are still breeding, and even losing it after five years of payments is preferable to remaining in the Third World toilets from which they’ve fled.