Relevant:
- Homeowners Finally Getting Pessimistic?
- Homeownership Falls Despite Affordable Mortgage Rates
- The financial allure of renting; How the real estate industry silences the voice of one third of Americans; Homeownership back to 1998 levels
- Homeowners decry 'American dream'
- Housing market woes surprise researcher
2009-11-03 — bloomberg.com
“We always talk about homeownership as being the American dream, but during the last decade people forgot it’s shelter and started thinking of it as a fast way to make or lose money,†said Retsinas. “The quicker we move back to seeing real estate as a place to live, a place to put down roots, the quicker the housing recovery will strengthen.â€
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Comments:
catherine at 11:46 2009-11-04 said:
I think the homeowners get it, it will be up to the investors to see if they get it. Last August with about a 12% REDUCTION THE INVESTORS WERE STILL GLOATING AND HAPPILY BUYING. I think with another 43% or so drop in values the investors will be get it and be gone if they aren't now. AFTER THE DEPRESSION HOUSING DID NOT COME BACK UNTIL THE EARLY 50s WHEN THE BABY BOOM STARTED......I think housing will not be an investment for maybe 15-16 more years........ Permalinkadd a comment | go to forum thread
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