HOUSE VALUES will DECLINE NEXT as house sales PLUMMET!

[Centerleftfl]

You don't every realize that your political views are a natural result of your material interests ! You are seriously blind to that and think this ponzi scheme is in everyone's best interests! Yes millennial, just work a few years and you can afford two million dollars for a home just like mine in no time! What a bargain right!

Well, fucking DUH!

[Frank Apisa]

Gonna be a MAJOR decline in house prices...and there is not one goddam thing that can be done about it.

Don't think this one falls on Trump. This was going to happen no matter who tended to the problem. But this incompetent administration will draw things out...and probably the fall will be sharper than it would have been if someone who knew what he/she was doing were in charge.

[BattleofHodow]

Gonna be a MAJOR decline in house prices...and there is not one goddam thing that can be done about it.

Don't think this one falls on Trump. This was going to happen no matter who tended to the problem. But this incompetent administration will draw things out...and probably the fall will be sharper than it would have been if someone who knew what he/she was doing were in charge.

Lowering taxes on the rich.
Is probably more than a bit harmful for the housing market.

As the rich go nuts using tax savings to buy up properties at the expense of the middle & lower class.

Inflating the values, first harming new buyers & then it can burst causing a collapse in home values & even a recession.

[Trumpet]

Lowering taxes on the rich.
Is probably more than a bit harmful for the housing market.

As the rich go nuts using tax savings to buy up properties at the expense of the middle & lower class.

Inflating the values, first harming new buyers & then it can burst causing a collapse in home values & even a recession.

I agree, this just create another housing bubble.

[BattleofHodow]

Gonna be a MAJOR decline in house prices...and there is not one goddam thing that can be done about it.

Don't think this one falls on Trump. This was going to happen no matter who tended to the problem. But this incompetent administration will draw things out...and probably the fall will be sharper than it would have been if someone who knew what he/she was doing were in charge.

Yes. Partly Trumps fault.

Trump touts of rock bottom interest rates.

Even the Nobel prize winning Austrian Libertarian economist Friedrich Hayek knew low interest rates cause overinvestment & thus a boom & bust cycle.

[Bigdog]

[SIZE=3]It's very simple,

President Trump is working to lower housing prices in Cali to solve their homeless crisis? ... great news!

i

[Centerleftfl]

I live in Pawling, NY.
House prices average here nearly 300K on average.

But what part is HOUSE value and what is the land value? We have people here in this community that are buying $700k-a $MIL 'homes', blowing them up for the dirt underneath. And either selling the dirt or completely rebuilding.

[Trumpet]

We need to end all home ownership subsidies ! All mortgage subsidies! It just created a giant pyramid scheme that massively rewarded people who got in early and continues to rob the later generations of any hope of survival!

You might also add low interest rates, and what you just described is a housing bubble.

[Bigdog]

Yes. Partly Trumps fault.

Trump touts of rock bottom interest rates.

Even the Nobel prize winning Austrian Libertarian economist Friedrich Hayek knew low interest rates cause overinvestment & thus a boom & bust cycle.

We need to lower ours because the EU and others have negative interest rates ... which makes the dollar too strong. Right?

[BattleofHodow]

We need to lower ours because the EU and others have negative interest rates ... which makes the dollar too strong. Right?

Proves the EU is still Capitalist.

Hmm. No arguments there.

The clear argument becomes which is more harmful?

[BattleofHodow]

But what part is HOUSE value and what is the land value? We have people here in this community that are buying $700k-a $MIL 'homes', blowing them up for the dirt underneath. And either selling the dirt or completely rebuilding.

Like Cletus the dirt farmer

[BattleofHodow]

President Trump is working to lower housing prices in Cali to solve their homeless crisis? ... great news!

i

Homeless causes are far greater than just high prices.

A lot of it is from mental illness, druggies, alcoholics, corporate lay offs, the slow witted & vets who were maimed or have PTSD etc.

I know homeless people.
Some which I'd call friends.

Some are workers who can't afford better& others have mental illness & are awaiting social security disability.
Some got laid off from work & lost their apartment due to low unemployment venefits.

[cawacko]

Lowering taxes on the rich.
Is probably more than a bit harmful for the housing market.

As the rich go nuts using tax savings to buy up properties at the expense of the middle & lower class.

Inflating the values, first harming new buyers & then it can burst causing a collapse in home values & even a recession.

Lowering taxes on the rich has nothing to do with the housing bubble. It is Fed driven. It's been written about ad nauseam. Low rates and easy money create asset bubbles.

[Frank Apisa]

Lowering taxes on the rich.
Is probably more than a bit harmful for the housing market.

As the rich go nuts using tax savings to buy up properties at the expense of the middle & lower class.

Inflating the values, first harming new buyers & then it can burst causing a collapse in home values & even a recession.

Lowering taxes on the rich...which seems to be the aim of all Republicans...is damn near ALWAYS harmful to the regular people.

Housing prices are going to plummet...and will not recover for a very long time. It will be a lag recovery aspect.

[BattleofHodow]

Lowering taxes on the rich has nothing to do with the housing bubble. It is Fed driven. It's been written about ad nauseam. Low rates and easy money create asset bubbles.

Low interest rates maybe the bigger cause,,still taxes on the rich do similar.