Americans and foreigners were heavily invested in the housing markets. In 2016, many of these 401K's and the like continue to be heavily invested in the current real estate markets. Hoping for the next big boom.
Hit hardest were those who wanted there dreams full filled without paying the reality prices.
The aftermath of the so called housing boom has been felt across this great nation. Many are moving out. While others reaped huge financial benefits.
What our government seems unwilling to speak about, has been the devaluation of millions of homes.
Those highly inflated prices even made trailers, known as manufactured houses hit huge prices over two hundred thousand in manly areas.
When these over inflated prices began to fall, they fell under the real homes value. Turning homes upside down in loans all over America.
To be fair manufactured homes loose their value over time due to structural failure, while houses do not. Yet houses structurally fail too.
If a place was built in nineteen forty, it seems the price goes up. But, if it is a manufactured house the price goes down.Both homes sit on the same ground. Dirt hasn't gotten piles of gold in it.
Yet real estate agents have learned verbage, that makes a mean mother in law look nice.
What is more remarkable? Some city authorities have purposely devalued homes to try to get people out so they can turn their own profits.
If government is purposely re-marketing homes to devalue them; shouldn't they pay?
Hit hardest were those who wanted there dreams full filled without paying the reality prices.
The aftermath of the so called housing boom has been felt across this great nation. Many are moving out. While others reaped huge financial benefits.
What our government seems unwilling to speak about, has been the devaluation of millions of homes.
Those highly inflated prices even made trailers, known as manufactured houses hit huge prices over two hundred thousand in manly areas.
When these over inflated prices began to fall, they fell under the real homes value. Turning homes upside down in loans all over America.
To be fair manufactured homes loose their value over time due to structural failure, while houses do not. Yet houses structurally fail too.
If a place was built in nineteen forty, it seems the price goes up. But, if it is a manufactured house the price goes down.Both homes sit on the same ground. Dirt hasn't gotten piles of gold in it.
Yet real estate agents have learned verbage, that makes a mean mother in law look nice.
What is more remarkable? Some city authorities have purposely devalued homes to try to get people out so they can turn their own profits.
If government is purposely re-marketing homes to devalue them; shouldn't they pay?
No comments:
Post a Comment