Comments on: How to Avoid the Next Real Estate Bubble http://genxfinance.com/how-to-avoid-the-next-real-estate-bubble/ Helping a unique generation achieve financial independence. Thu, 09 Feb 2012 03:12:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Joe Davis http://genxfinance.com/how-to-avoid-the-next-real-estate-bubble/comment-page-1/#comment-143791 Joe Davis Sun, 19 Sep 2010 04:21:53 +0000 http://genxfinance.com/?p=2031#comment-143791 You absolutely CAN have both together. It's called inflation and coming to a neighborhood near you. People said the same thing in the 1970's when houses doubled and tripled in price, all while unemployment ballooned. This administration will stop at NOTHING until they reflate the real estate market. QE2 coming soon to push that agenda. You absolutely CAN have both together. It’s called inflation and coming to a neighborhood near you. People said the same thing in the 1970′s when houses doubled and tripled in price, all while unemployment ballooned.

This administration will stop at NOTHING until they reflate the real estate market. QE2 coming soon to push that agenda.

]]> By: Jay Banks http://genxfinance.com/how-to-avoid-the-next-real-estate-bubble/comment-page-1/#comment-130568 Jay Banks Thu, 08 Apr 2010 08:54:38 +0000 http://genxfinance.com/?p=2031#comment-130568 Good advice! But the next bubble may be closer than you think, we're facing a dilemma where either interest rates on mortgages will rise or unemployment stays high. You can't have both together. Nevertheless, the housing market is likely to avoid a serious drop for several reasons. Borrowers in most of Canada can’t simply walk away from their debts as many U.S. homeowners did and still keep doing. Most high-risk mortgages are insured against default through Canada Mortgage and Housing Corp., a government-owned corporation. So avoiding the next bubble shouldn't be as hard. Take care, Jay Good advice! But the next bubble may be closer than you think, we’re facing a dilemma where either interest rates on mortgages will rise or unemployment stays high. You can’t have both together. Nevertheless, the housing market is likely to avoid a serious drop for several reasons. Borrowers in most of Canada can’t simply walk away from their debts as many U.S. homeowners did and still keep doing. Most high-risk mortgages are insured against default through Canada Mortgage and Housing Corp., a government-owned corporation. So avoiding the next bubble shouldn’t be as hard.

Take care, Jay

]]> By: Brandon http://genxfinance.com/how-to-avoid-the-next-real-estate-bubble/comment-page-1/#comment-130552 Brandon Thu, 08 Apr 2010 01:51:06 +0000 http://genxfinance.com/?p=2031#comment-130552 Great article! Owning a home for the right reasons really should be ingrained in the financial consciousness of many people. A home, at its truest sense, is where one lives, and not only a piece of property where one can hope to make his or her money grow. Great article! Owning a home for the right reasons really should be ingrained in the financial consciousness of many people. A home, at its truest sense, is where one lives, and not only a piece of property where one can hope to make his or her money grow.

]]> By: Credit Girl http://genxfinance.com/how-to-avoid-the-next-real-estate-bubble/comment-page-1/#comment-130530 Credit Girl Wed, 07 Apr 2010 19:30:42 +0000 http://genxfinance.com/?p=2031#comment-130530 You make some great points, especially about the down payment. Many people just assume that if they qualify for the loan then they are suited to buy the home but that's not true. That mentality leads us to the home foreclosures happening all across the United States. I would say wait until you are truly ready to buy a home to buy a home. Some people wait until their 50s if they have to but at least when they buy that home, finally, they'll be able to actually KEEP it. You make some great points, especially about the down payment. Many people just assume that if they qualify for the loan then they are suited to buy the home but that’s not true. That mentality leads us to the home foreclosures happening all across the United States. I would say wait until you are truly ready to buy a home to buy a home. Some people wait until their 50s if they have to but at least when they buy that home, finally, they’ll be able to actually KEEP it.

]]> By: Rimaye http://genxfinance.com/how-to-avoid-the-next-real-estate-bubble/comment-page-1/#comment-130489 Rimaye Wed, 07 Apr 2010 00:21:52 +0000 http://genxfinance.com/?p=2031#comment-130489 Great advice, but one caveat: as someone involved in housing policy familiar with housing cost burdens like the one you cite from the Center for Housing Policy, I know that the majority of the people who fall into that category of people who spend more than 50% of their income on housing aren't there by choice. There has been and continues to be a real shortage of decent, affordable housing for people at the lower end of the wage spectrum in many parts of the country. Those people would love to be spending less of their income on housing, but when the alternative is - well, not there - there is little choice. Great advice, but one caveat: as someone involved in housing policy familiar with housing cost burdens like the one you cite from the Center for Housing Policy, I know that the majority of the people who fall into that category of people who spend more than 50% of their income on housing aren’t there by choice. There has been and continues to be a real shortage of decent, affordable housing for people at the lower end of the wage spectrum in many parts of the country. Those people would love to be spending less of their income on housing, but when the alternative is – well, not there – there is little choice.

]]> By: JN http://genxfinance.com/how-to-avoid-the-next-real-estate-bubble/comment-page-1/#comment-130477 JN Tue, 06 Apr 2010 20:20:00 +0000 http://genxfinance.com/?p=2031#comment-130477 What a great article. Thanks so much for explaining the piece about why you want to keep the payment at 25-28%. I knew the rule, but not the 'why' behind it. And your attitude about a house being a place to live and not buying if you might move in 3-5 years. Too True... Wish the military would get that concept. So many military have rental houses dotted all over the country and are now upside down... and their houses are in military communities in which there are always houses for sale... Not a good thing... thanks again. What a great article. Thanks so much for explaining the piece about why you want to keep the payment at 25-28%. I knew the rule, but not the ‘why’ behind it. And your attitude about a house being a place to live and not buying if you might move in 3-5 years. Too True… Wish the military would get that concept. So many military have rental houses dotted all over the country and are now upside down… and their houses are in military communities in which there are always houses for sale… Not a good thing… thanks again.

]]>