Homes are INDEED an investment

PSAGuy Mandor
March 11, 2013
Not true....Homes are INDEED an investment. They provide other benefit...such as tax benefits that make them truly investments. Not investments that always go up....but investments none the less. 0 Reply

Tom Evans PSAGuy
March 11, 2013
It might be more accurate to say that homes are bad investments. If you crunch the numbers you may conclude that it beats paying rent but it is still a bad investment. Unless you luck out and buy in an area where property values explode then there is no way you will get all the money back that you put into your home through mortgage payments, taxes, maintenance, etc.. 0 Reply

lava_roc
March 11, 2013
I`m not going to blast this couple because I really don`t know their situation. Maybe the medical issues were just too much. That being said, there has been just too many people that walked away from their commitments and the primary reason was that they bought when the prices were high and now don`t want to pay the bill. There is also a lot of people living for free in their homes because the banks don`t want to foreclose just yet. No one ever said everything in life would be fair. 0 Reply

MarginTrades
March 11, 2013
its all obama`s fault. 0 Reply

cm6096
March 11, 2013
"If defaulters show that extenuating circumstances caused the foreclosure -- such as a health issue that prevented them from working, a layoff, a divorce or other one-time event -- the wait may be reduced to three years." Why else would someone end up getting foreclosed on? 0 Reply

Tom Evans cm6096
March 11, 2013
It`s called a strategic default. A lot of people walked away from their homes as a sound business decision. It had nothing to do with hardship. I would have thought it would take longer for banks to give these people another chance but I guess that`s not the case. 2 Reply

BravoEcho240 cm6096
March 11, 2013
They didn`t "feel" like paying for something they jumped in on without thinking it through. 0 Reply

Yen Whit
March 11, 2013
You got to love stories like this...I heard that auto magnate Henry Ford filed for bankruptcy twice. 0 Reply

gsphillips1 Yen Whit
March 11, 2013
Donal Trump has made his fortune playing the bankruptcy courts like a fiddle. 3 Reply

dragonfire77 gsphillips1
March 11, 2013
− And he recently got fired from managing his own building `trump plaza`...shows how well that worked out for him...






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

Job Creation Hits 146,000, Rate at 7.7% - BernankeBen | Dec 7, 2012 08:36 AM ET Long Term Unemployed remains unchanged and U6 14.4 % The FED are manapulating bong yields defacto: purchasing equities to perpetuate the world’s larg... - by jobs344

Banks Told To Review Their Own Foreclosures - countdown_to_facebook_ipo | Feb 13, 2013 08:30 AM ET Sharks being asked to report on other sharks. Priceless.

PINKFLOYD1 | Feb 13, 2013 08:34 AM ET The banks will get out of all this ... - by Fish24

US Mortgage Applications Rise in Latest Week; Rates Fall - TxChristopher | Dec 12, 2012 09:14 AM ET We had absolutely no problem recently getting financed to build a new house, contrary to what most seem to constantly say. If you have good credit and all you... - by 3b2bmo

way too much housing inventory - az1971 | Jan 15, 2013 02:33 PM ET @GenerationX | Jan 15, 2013 01:43 PM ET There was a time when we could trust newsmen (Walter Cronkite) but sadly those days have past. ------------------------------... - by Sandman533

Housing cycle starting all over again - JonDough March 20, 2013 How many Giant financial institutions got into big FINANCIAL trouble and we were forced to bail them out; that`s okay but slam the small fry................................ ... - by AlexL



Homes are INDEED an investment

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!