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14 Comments on The Top 10 Biggest Real Estate Stories of 2008
Elizabeth
Accountability has to be paramount. It has become an example of the old red tape that never seems to be accounted for fully.
Sincerely
Tom Braatz
Although, the bailout has been on everyone's radar lately, the two stories that could have a major impact for 2009 were the return of first time home buyers and the back to basics mortgage.
Ok, now I'm depressed... Only kidding, but lining all ten up like that, it is kind of overwhelming. Thank god the last one about first time home buyers was a positive - good to end on a high note.
I'm with the other comments-first time home buyers is going to be a positive as we all look at this year. I'm love working with first time home buyers and am finally glad they are able to purchase homes. It's a great market. Thanks for sharing.
I'm with the other comments-first time home buyers is going to be a positive as we all look at this year. I'm love working with first time home buyers and am finally glad they are able to purchase homes. It's a great market. Thanks for sharing.
Hey, Elizabeth. I am not confident that they will do any better with the second $350 billion. I only hope that they do a better job and do what they say they are going to do. Tanks, Jim
It is time for EVERYONE to create their own economy and stop relying on the government to bailout everyone.
Thanks, everybody, for your input. I'm with ya'll on the return of first-time home buyers. It's great news that more than half of Californians can afford to buy a home now. I recall that the affordability index in 1978 was around 40%. In 2008, that number is 53%. That's remarkable, given our higher prices.
Elizabeth: Looking back on those 10 biggest real estate stories of 2008 isn't so bad. It is what it is. If this is news to someone in our business, they probably won't be in it too much longer.
Great post. Good points and I hope you have a great 2009.
Terry Miller
I wish the first time tax credit had had more of an impact, but I just haven't seen it. Folks are aware of it but seem pretty blase about the whole thing.
Hi Elizabeth, well they got the first one right B A I L O U T !!! I think that was the word of the year too.
You made a great list. I don't know how it could be added to.
Hi Elizabeth,
Yes, I think most Americans do want to know where that money is going! Personally, I think the housing industry has a larger effect on the economy than the car industry---seems like a good place to put that money to me
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