The list, Ping
Let me know if you would like to be on or off the ping list
In Texas property owners can apply for a homestead exemption and, if over 65, another exemption which allows for some relief from rising property taxes. Unfortunately, the schools keep wanting more money so those of us who are older are finding that the assessed value of our real estate keeps going up every year and the tax bill keeps increasing.
Some people don’t understand this and keep thinking that their house is actually worth more on the sales market. Not true - just a shell game.
competition among investors...
Bingo. Where ever there is a fracking boom (like where I live), investors are buying up property like crazy. The Fed is ruining all other avenues of investment so inventors and investor groups are buying up homes for rental property. In most fracking areas, the boom will last approximately as long as the depreciation allowance for the rentals. Many investors are working with realtors and most of the houses are sold without even hitting the market. But like all bubbles ......
Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline.
The low level of building over the last several years also has diminished supply, as has the fact that many borrowers remain stuck underwater — owing more on their homes than the market value — and are unable to get the prices they need to sell their home
If I didn't know how fair and unbiased the LA Times was, I'd say they were cheer leading for the regime. Sounds like they're gearing us up for Recovery Summer V (or is it VI, I've lost count)
Let's see a trend before we start jumping up and down.
Looks to me like this is another of those "prison populations continue to rise even as crime rates are going down" BS stories.
As I have said before, this is GIGO (garbage in, garbage out) reasoning. Here is another headline that be written, using this logic:
DOE Data For Last Winter: In-Home Temperatures Show No Change Even While Consumers Forced To Spend Billions On Gas, Oil Heat
It is called a dislocation. Read your history. It is not a good thing.
/not directed at Freepers
>>>Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline.<<<
Economists calls it inflation (devaluation).
the dollar is shrinking
things measured in dollars require more dollars to measure the same value
this isn’t rocket science.
the markets will also continue to climb... as long as people value the companies.
BUT... at some point, the money people have to spend will not keep pace... and deflation will start to set in.
at that point, hold onto your hat
With apologies to Mr. Shakespeare: Bubble, bubble, toil and trouble....