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Housing Market May Not Be as Healthy as It Appears

Housing Market May Not Be as Healthy as It Appears

sidfeinberg | Feb 27, 2013 02:04 PM ET WTF does an Economist know? He`s some egghead in an office making 40k a year. Look at the articles the past few days. New home builds are up, pending sales up, Schiller even said values are up an avg of 15% nationwide. Values have also gone up 45% in the past 3 years. All real estate news has been positive and it will only be positive. Everyone I know is making a killing buying and flipping homes. I`ve seen assignment of contracts for 50k, triple closings, and people lined up to buy condo conversions. Real estate is only going to go up. The smart money is i real estate and the dow. Both are kicking ass. Buy into both now or you will get priced out soon. RALLY ON !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! . . . . .

juDiamond | Feb 27, 2013 02:29 PM ET sidfeinberg WTF does an economist know? Definition of economist is he knows 10,000 ways to make love he just does not know any women.

NewDay12 | Feb 27, 2013 02:58 PM ET LOL...I agree...this is some $15 p/h clown who probably never even rented an apartment on his own....let alone invest in RE.

rjd65 | Feb 27, 2013 03:53 PM ET "There are other ways to address budget deficits without attacking tax advantages to homeownership," NAHB`s Crowe argued. "We would fight it to the tooth and nail." This is an unfair tax advantage, and a stupid deduction to allow. Canada has never had this. You buy a house, you pay for it. All this deduction does is artificially drive the price of homes up. Get rid of the deduction and the price of homes is normalized and sustainable once again. You, Mr Crowe, and those who think like you belong in prison.






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Housing Market May Not Be as Healthy as It Appears

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