your an idiot or a complete liar wait no your a realestate agent figures anyone telling people to buy a home prices are going up is an well you know what iam thinking people dont by a dam thing unless you are paying 10 -20 % off asking price banks and agents the con is over you cant rippoff the american people any more home prices are still not right and are dropping from that huge bubble that scandalous agents and lenders created for us bastards, now these idiots buy now the sky isint falling o yea tell that to the american people in line for food buddy look if you are buying a home right now you are in control putt in the low low low offer tell the bank they have 7 days to respond and go on to the next one make your agent work and find you agreat deal in this market nightmare ,banks are still trying to ripp you off with the help of some agents you know who you are scumbags so the game is over now the american home buyer is driving so sit back and enjoy the ride you have the buying power use it get a good deal dont listen to your agent insist on 10 -20% of market value current market value not last years wise guy be carefull and godbless america

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wa wa wa

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Housing prices have been too high for decades, and the entire fault falls with Real Estate agents and local taxes. Anyone that owns a 200k home is a financial fool, and I can easily prove that with 5th grade math. Follow this easy flowchart:
Forget about any loans or mortgages, as they increase the home price from two to three times the original purchase price, and assume that they buy it for cash. If you own a 200k home then you lose at least 10k in interest per year at 5% interest rates, and a lot more if you have better investments. Now add the taxes, insurance and maintenance and you'll quickly see that the home is an endless money pit. That home will cost that owner at least 16k to 18k per year to own, and he has almost no chance to ever recoup his loses. Now look at the fool with more money than brains that owns a 1 million dollar home. That home will cost that financial fool at least 100k in lost interest and costs per year to own.
Now here's the real kicker: Most people believe, and are told by Real Estate agents, that they make a profit when they sell their home. The only way that a homeowner will realize any profit is if he/she is willing to move WAY down in quality and/or area. They'll pay the same or more if they move up, latterly or even want to buy back their original home. So much for the phony profit that the government and Real Estate agents promote that doesn't exist. The government doesn’t have the gall to charge these homeowners a capital gains tax on top of all their real loses. All you do as a homeowner is pay more in property tax. They make a fool out of almost all homeowners, and even the rich are dumber than most, because they can lease three or four properties for what they pay for that one huge money pit. There are very little write-offs when you own, and they really only count with a mortgage, and again you have to spend 75 cents to save 25 cents, and that’s not good math to any 5th grader. Get these college professors to answer these simple math questions, and if they can’t, then get any 5th grader to answer if for them !

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Wonderful! Lets all jump in and make lots of money on the new bubble.

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The "economists" need to spend a few days in some of the hard hit markets to experience what is really going on. 50% or greater chance in Vegas??? Try 99.99999%. Just goes to show you that a college education doesn't teach common sense.

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lol! We haven't even seen the worse yet. What an irresponsible article. This is exactly the kind of crap that is getting America in trouble...these lies.

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America do not worry: President Obama will save you ! You will be taxed so much, you will wish you never voted for this man with no substance, If you sell your home he will tax you over 28%, Good by AMERICA, and Good by to the American Dream !

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