Housing......Folks are concerned.

[ROBERT V. YOUNG]

bdoles2
Yes you can look at how homes have devalued in the past 18 months , but in my opinion they were falsely inflated to begin with.
Over the past 5 years the brokerage firms, banks and mortgage company's falsely inflated them ( homes ) to a CRESCENDO. that lead to this disaster happening in the first place.
It is adjusting to the truer values and also the financial climate.

[ROBERT V. YOUNG]

Originally Posted by rjude

investment properties around here would get that 110k appraisal and property taxes are 3x the price of owner occupied. in other words only a sucker would buy up these properties. sad state when its the taxes keeping these places empty. There's no shortage of people looking for a good rental with people's credit being crap.

Robert J
I do not like the term '' peoples credit being crap''
Everyone in the WORLD has different capabilities in life.
It is only affording them a limited means of WAYS to seek shelter.
When greedy banks and a GOVERNMENT that has lost the ability of oversight to watch these peoples interest and STOP THE PIGS FR5OM GOING AFTER THEIR DREAMS ( a proper home )
And in-turn make it look like they can afford a home, GOING AFTER THERE MONEY.
That what this wholemeltdown was about.
You live in another world?
You don,t care?

Or are you jusr jaded to the fact that you have more and want to show it off and call people that have less ( credit being crap)?

[Gary Farnsworth]

http://www.bizjournals.com/kansascit...u&ana=e_du_pub

Foreclosures here in KC up 15% from September to October. Things are not what they seem.

[ROBERT V. YOUNG]

I am sorry Mr.Jade I did not mean to be so harsh.
I must be hard for some to get by is all I was trying to say.
Some days are hard on me and I did not mean to say that to you.

[Russell J. Hensel]

Originally Posted by ryoung7

Robert J
I do not like the term '' peoples credit being crap''
Everyone in the WORLD has different capabilities in life.
It is only affording them a limited means of WAYS to seek shelter.
When greedy banks and a GOVERNMENT that has lost the ability of oversight to watch these peoples interest and STOP THE PIGS FR5OM GOING AFTER THEIR DREAMS ( a proper home )
And in-turn make it look like they can afford a home, GOING AFTER THERE MONEY.
That what this whole meltdown was about.
You live in another world?
You don,t care?

Or are you just jaded to the fact that you have more and want to show it off and call people that have less ( credit being crap)?

Mr. Young where I live I have to disagree with you. We have two types of foreclosures here.

#1 is the person who could have never really afforded the house to begin with and on his $30,000 a year job he drives a BMW, lives in a $300,000 buys all the latest and greatest media for his "media" room and then puts a pool in out back. Only to find out, he can't afford it. Is it the banks fault? You signed for it, you got it.

#2 People CAN afford their house, and just because it dropped in value so much the decided to "give it back" to the bank. They are no financials struggles, but why pay for a $400,000 house when its now only worth $200,000? Get out from under it and move on.

I do not feel bad for the majority of these people. To me they got themselves into this mess. The banks did NOT put a gun to their head and make them buy the house, the BMW and the media room. People live well beyond their means just to "look" good.

There are always exceptions to the rules and some good people got the shaft. But there are a ton of Help wanted jobs here in SW Florida. But why work for $10 an hour when you can make that on unemployment?

[ROBERT V. YOUNG]

Mr.Hansel
You have said a mouth full.
There are so many issues at play.
Yes no one put a gun to there head.
The banks and government and mortgage company's all take blame here.
1> you mention a person that could not afford a home to begin with.
So why was he given a mortgage.
The banks know his value and in Canada there are rules to follow to own a home.
Financial rules.
2> couple buys a home 400,00 it devalues so they run.
Why.
They are shirking there responsibility to the contract.'' an excuse'' that's all
example. I by a car 1 year latter its value is 33 percent less ,I give it back and say no it was only to drop 15 percent.
You sign a contact you accept All-the responsibility that come with a contract.
buyer be ware!
3>the banks robbed the American people and escalated home pricing for years 40 anyway along with insurance company's and all the ones that you think are in place to help you.
The American public will never pay this off for 10's of generations.
The banks were given 200 billion dollars and some paid there loan back in 1 year . wow ,ever ask how.
Google about the thieves please. Then we will talk.I am on an American site and do not want to create hatred of myself. You got robbed with the rest of the world.
Any one in jail yet?

[Russell J. Hensel]

Mr. Young we did get robbed and I live in a neighborhood filled with 80% Canadians and we have very similar views.

Like we are going to pay off our debt, thats some funny stuff...we will just keep adding to it.

[ROBERT V. YOUNG]

Mr.Hansel
What gets me is they are people like you and me.
I am saddened by the thought of some steeling for gain and praying on the ones that want the dream of owning a home.
I pray for happiness that is all.

Please come in to say hello any time Mr.Hansel it would be a pleasure to talk.
You have a good night.