I shorted 578 shares of (kbh), avage price of $14.435 and that is pocket change.We need to flush more dead beats out of getting a home loan, and push them to renting.I expect real estate to double dip, which I can benefit vastly from short sold investments and repackage it back on the market for a marginal profit.Why do Democrats think by printing $ is good for the long term?
It seems to be just artificially increasing the cost of housing the value of housing. Since banks are the ones who own a lot of it- they can't be taking a loss- everyone else collectively can just work harder to afford the same houses.
Land prices in Mendocino County's rural northeastern region have weathered the recession better than other areas, the result many believe that has more than a little to do with marijuana production. Of course, i''s a factor, said county Supervisor John Pinches, whose district includes the area. Overall, the value of Mendocino County real estate has declined by 1.4 pecent, or $140 million, in the last year, said county Assessor-Clerk-Recorder Sue Ranochak. That translates to a property tax loss of $1.4 million. The county's share of the loss is about $420,000, she said. Many homeowners in the county have been seeking reductions in their property taxes as their home values have plummeted. But there have been few requests in the northeastern county, Ranochak said. We haven't seen the drop in values in that area. I'll let you decide why that is, she said. Foreclosures also are rare in that area, Ranochak said. The rugged territory stretching from Laytonville to Covelo is known for its pot production. That's the major economy in the northern part of the county. That's no secret, Pinches said. But he doesn't believe it's the only thing buffering land prices there. Property values in the area did not skyrocket the way they did in some areas of Mendocino County, so they didn't suffer the same declines. The property in the north county has never been oversold like some of the properties have, Pinches said. ......Property Management Bendigo
Real estate hasn't bottomed. Without job creation, fewer people will be able to afford homes. When interest rates rise to 12-14% or higher to control inflation, real estate will double dip. Their not propping up real estate with inflation. Real estate is going to fall dramatically anyways. Their propping up government spending and causing massive increases in the price of oil, gas, etc.
