U.S. Housing Market Is The Most Awesome Opportunity In American History

TMO ^ | 9-9-2012 | Daily Wealth

[whattajoke]

3.8% tax going to zerocare starting January 1st. That’s $3800 of your money per 100K going to his ‘free healthcare’.

No. There are enough terrible things in the act to get upset about so there is no need to promote things that aren't. Like this.

[DManA]

No, the author says real estate is a great INVESTMENT.

You are talking about a life style choice. Owning a house could (and usually is) a money losing proposition but still worth it if it makes your life better and you can afford it.

[whattajoke]

Housing prices will not recover their value in real terms for at least 70 years, if ever.

That's a bold statement. While this may be true is some parts of the country, it's not at all in others. Be smart. Buy smart. Stay smart. I bought my house in 2005 ($5K above list) and am 100% confident that if I were to sell it tomorrow, I'd get at least 15% more than I paid.

[whattajoke]

Let’s all remember that for many, we don’t actually “own” our houses for 15-30 years and even then, we’re pretty much just squatting on government land in the end.

[Kirkwood]

There is a difference between buying a single home to live in and buying multiple houses as a speculative investment for the future.

[blam]

" The sneaky new program to sell foreclosed properties in bulk to institutional investors got my attention earlier."

Thanks for the reminder.
I'd forgotten about that one. That's the crony billionaire investment club, eh? Only billionaires need apply for these government (give-aways) sales...If I recall correctly.

[blam]

"There is a difference between buying a single home to live in and buying multiple houses as a speculative investment for the future."

Yup.

Don't pay your property taxes and see who shows up to claim THEIR property.

[ilovesarah2012]

When Romney is elected, home prices will go up immediately, IMHO.

[oblomov]

>> I bought my house in 2005 ($5K above list) and am 100% confident that if I were to sell it tomorrow, I’d get at least 15% more than I paid.

I don’t doubt that you are correct, but a 15% gain from 2005 would still be a loss in real terms, especially when CPI book-cooking is taken into account.

There are undoubtedly local exceptions to this, but I think the era of positive real returns from housing real estate is over.