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Rising house prices are unsustainable


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2013 Jun 21, 5:01am   3,488 views  10 comments

by retire59   ➕follow (1)   💰tip   ignore  

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

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1   FortWayne   2013 Jun 21, 6:14am  

Well nothing can sustainably rise to infinity. It just has to match the income of the neighborhood to be reasonable.

2   retire59   2013 Jun 21, 6:33am  

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. ;)...

3   Reality   2013 Jun 21, 6:49am  

The Realtwhores need inventory to sell. The homeowners holding out for higher prices are cramping monthly commission revenue.

4   marcus   2013 Jun 21, 6:54am  

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..

5   JodyChunder   2013 Jun 21, 7:06am  

Just increase the minimum wage to $28.00 an hour.

Done.

6   FortWayne   2013 Jun 21, 8:02am  

donjumpsuit says

JodyChunder says

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.

7   Ceffer   2013 Jun 21, 9:20am  

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.

9   postbubblesucess   2013 Jun 27, 9:46am  

Gay Latinos run California

10   mell   2013 Jun 27, 10:07am  

Germany doesn't have federally (or state) mandated minimum wage, certain fields of work do through the unions (which then is enforcable by law).

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