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Short Sales...Low home values.

By William Feela

Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

March 18, 2015 08:22 AM

I see all sorts of comments and blogs about how to get people into a home.

Not everyone should own a home.

Do we really need to give people money so they can buy.

I did a check in my area and I have found the majority of foreclosures are in the very LOW price range.

I have talked to some people who got into a home because they were given $8000.

NO SKIN in the game. We should be crawling out of the hole we were put in, but we keep putting people into home that can't hardly afford RENT let alone all the costs of owning a home.

I believe that we are setting ourselves up for another disaster. I f we have to give the down payment and closing costs...how do we think they will be able to keep up the payments.

Sadly I see a fall coming again and it could be soon.

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David Shamansky

US Mortgages - David Shamansky - Highlands Ranch, CO

Creative, Aggressive & 560 FICO - OK, Colorado Mtg

AMEN to that William. I cannot tell you how many applications I look at in a day and think lets focus on what you have on your plate now and how to handle that before jumping in to buy a home.

Mar 18, 2015 08:25 AM

Robert Vegas Bob Swetz

Las Vegas, NV

You know William, I think you've got something here. And for some reason the Californians have been telling me it's another bubble and are very weary about buying ;o)

Mar 18, 2015 11:24 AM

Robert Vegas Bob Swetz

Las Vegas, NV

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Hi William -- for many reasons, there are people who should not be homeowners -- sometimes it's financial, sometimes it's lifestyle, somtimes it's desire, sometimes we just don't know. Good point. Afterall, we can still sell investors properties...

Mar 18, 2015 12:55 PM

Vern Eaton

Askov, MN

Realtor 651-674-7449

You hit the nail on the head. This should have been featured, but what yo have to say makes sense so it won't be.

Mar 19, 2015 05:28 AM

Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES

Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL

Florida Waterfront and Country Club Living

Hi William, I think it's the American mindset that somehow renting is bad and owning a home is good. In other countries renting is an perfectly acceptable way of living until such time one can afford to buy and maintain a home.

Mar 19, 2015 09:22 AM

Short Sales...Low home values.

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William Feela

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