Comments on: What If The Real Estate Market Doesn’t Recover?

By: Julie Ziemelis

Julie Ziemelis — Tue, 21 Jul 2009 17:17:45 +0000

Just have to say that I bought investment property in 1999 and we are still renting it cash positive even in the downturn. I own a home that I will live in for quite some time and its still at a value higher than I originally paid for it in 2001. Homeownership is still one of the best wealth creators we know. My renters have given me over $300,000 in the last five years. Money I have and they don’t. Real estate is still a good investment. “They are’nt making more dirt” a Realtor friend of mine said. Buying in a desirable market and holding onto the property for the long haul is just good business sense.

By: Jason DM

Jason DM — Sat, 21 Feb 2009 00:01:34 +0000

I agree with the first comment – appreciation is not needed to make money, but brians is some that can come of use

By: annunci immobiliari

annunci immobiliari — Sun, 15 Feb 2009 15:47:55 +0000

real estate market sure will recover for a simple reason: there are always a person looking for a home…

By: Property in Italy Guy

Property in Italy Guy — Sat, 14 Feb 2009 20:22:43 +0000

I speak from the other side of the pond (the UK) but I’ll add my tuppenny worth given that what’s happened in the US has caused a domino effect the world over.
I think the issue of how far prices have to fall depends on how high they rose during the bubble years of the 1980s and 90s.
Take the UK, where in effect we had an unsustainable boom inflated by reckless credit. Prices are between 15-20 per cent down on their Autumn 2007 peak and experts think we have another 15-20 per cent reduction to come.
On the other hand, take Italy, where much tighter lending restrictions during the 90s meant far fewer mortgage-holders and a much more modest rise in values. Italian prices fell by a much more modest 5-6 per cent in 2008 and it’s generally agreed the Italian real estate market is better placed to weather the credit crunch than most in Europe.
Real estate will recover, but much more quickly in some countries than others.

By: ConnieBrz

ConnieBrz — Sun, 08 Feb 2009 16:28:20 +0000

Hey Rich~ You really touched a nerve with this one... good article. ConnieBrz’s last blog post: Updates: Moldy Mess, LOL, Etc.

By: Chainless

Chainless — Sat, 07 Feb 2009 20:48:49 +0000

I thought people bought houses to live in, raise families, come home after work and rest, have a place to sleep? When did it become an investment, as if I were buying commercial property or rentals that I plan to make a profit off of? The 30-year mortgage was designed to keep the working masses in debt. You have that mortgage, you probably won’t quit your job on a whim. By the time you’ve paid that baby off, you’re old and you’ve paid nearly twice as much as the house was worth when you bought it. You sell it and you’re lucky if you get your money back. That cash in the bank would at least have earned something, if not much, but something. If you can’t pay for your home in less than 10 years, don’t do it. Don’t be a slave to the bankers and a system that is slanted in favor of the rich.

By: Housing and Gasoline News February 05, 2009 » Harry Tran’s Daily 101 » Blog Archive

Thu, 05 Feb 2009 01:07:19 +0000

[...] Housing News Stop calling it a bailout, Idaho bank overseer says Plan Orange: The Mortgage Crisis Killed Quickly Banks’ apologista is hot Geithner’s Secret Plan To Screw You, Explained How Bad Was the 1980s Real Estate Crash? What If The Real Estate Market Doesn’t Recover? [...]