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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on April 20, 2009, 08:21:45 AM

Title: Housing at least another 20% on the downside. Good article.
Post by: Soul Crusher on April 20, 2009, 08:21:45 AM

http://www.businessinsider.com/henry-blodget-housing-market-2009-4


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Good charts on where housing is likely to go. 

Title: Re: Housing at least another 20% on the downside. Good article.
Post by: Hereford on April 20, 2009, 09:43:11 AM

There are still types of 'housing' that are still going up. Try to buy a little acrage on the west coast, you are still going to pay top dollar. If you want rental-quality housing, then you can find a few deals now days.

Title: Re: Housing at least another 20% on the downside. Good article.
Post by: Soul Crusher on April 20, 2009, 09:54:21 AM

Quote from: Hereford on April 20, 2009, 09:43:11 AM

There are still types of 'housing' that are still going up. Try to buy a little acrage on the west coast, you are still going to pay top dollar. If you want rental-quality housing, then you can find a few deals now days.

Until the average salary can afford a average house, the homes are too expensive.

Title: Re: Housing at least another 20% on the downside. Good article.
Post by: Hereford on April 20, 2009, 09:57:01 AM

I don't remember that ever being the case here in California.

Title: Re: Housing at least another 20% on the downside. Good article.
Post by: Soul Crusher on April 20, 2009, 10:00:07 AM

Quote from: Hereford on April 20, 2009, 09:57:01 AM

I don't remember that ever being the case here in California.

And hence, you have higher unemployment than other states. 

Title: Re: Housing at least another 20% on the downside. Good article.
Post by: Hereford on April 20, 2009, 10:03:49 AM

Quote from: 333386 on April 20, 2009, 10:00:07 AM

And hence, you have higher unemployment than other states. 

I don't see the correlation between the cost of housing and unemployment.