With only 3 1/2% down will they bail when housing prices drop again in two years? Will the people with Conventional loans hang in there? Will the banks and the government own all the homes? Will we become a company state. Where as the house, car, food stores and job you have are all be company owned? Is this the face of CHANGE? Think about it?
Anyone able to purchase now and who missed out in the first go round (2003-2007) will now be set up for the next drop. With first time home buyer incentives and FHA backed loans, we are currently seeing multiple offers and cash buys. The local market here is in an up swing, no longer a buyers market, flippers are making a splash. Prices are increasing and cash buyers do not need appraisalss, this is helping to float the next wave.
Sorry just a realist. I really hope I am wrong.
Interesting observation. We will have to see what is on the horizon. And NO, this is not the change I had hoped for. Then again, I didn't vote for that so called Change, so I won't be responsible for it!
Comments (4)Subscribe to CommentsComment