Bush's fiscal stimulus - will it work to avoid recession and if it does, at what cost.
Original content is for Non-commercial use under Creative Commons. Except where otherwise noted.
Some Rights Reserved. Attribution-Noncommercial-Share Alike 3.0 United States License.
Discuss
Bob Chapman on January 18, 2008, 4:57 PM
Home prices doubled nationally since 2001, while incomes increased 15%. When home prices drop 40-50%, maybe we’ll be ok. But the “new” rules will be like the old rules – buyers will need 10-20% in cash for a down payment. This amount of money takes time to accumulate. We’re now between a rock and a hard place. Only home sellers can get us moving forward, but alas, they can’t lower their asking prices. They refinanced and lived of their homes “increasing equity”.
Add a Comment
You must be logged in to comment. Log in or Register