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Well nothing can sustainably rise to infinity. It just has to match the income of the neighborhood to be reasonable.
I just find it interesting in this article, that the NAR is being the 'bear' and they are usually the cheerleaders....so we better duck. ;)...
The Realtwhores need inventory to sell. The homeowners holding out for higher prices are cramping monthly commission revenue.
Good interpretation. They are trying to bring the sellers out.
Problem is, the potential sellers are probably either happy where they are, or they're underwater and can't sell..
Just increase the minimum wage to $28.00 an hour.
Done.
I agree. Do it like the Germans.
Germans probably don't have 11 million mexicans willing to work for cash below minimum wage. Nor do they send millions of jobs to China to work for pennies.
I could be wrong though.
If you have not already taken out multiple HELOCs, you are just behind the curve and deserve to lose.
You have argued with success and lost.
Germany doesn't have federally (or state) mandated minimum wage, certain fields of work do through the unions (which then is enforcable by law).
http://www.nbcnews.com/business/realtors-rising-home-prices-are-unsustainable-6C10400738?source=Patrick.net
Well, it must be worse than this if the Realtors are saying rising home prices are "Unsustainable"....look out....
#housing