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January 31st, 2010 at 8:04 pm
I don’t believe rentals will come down. The people who rent them out don’t correlate the price of the home to the rental price. There greedy sobs and people will pay so why would they change?
January 31st, 2010 at 8:31 pm
YES ITS TRUE
January 31st, 2010 at 9:18 pm
I agree. Moreover, there are other bubbles that still must pop. The health industry bubble will probably be the largest, followed by various electronic dependent markets. That’s right, not every 12 yo will have a cell, laptop, Tivo, etc.
January 31st, 2010 at 9:43 pm
thanks for the info
January 31st, 2010 at 9:50 pm
@TheKerryzzz do you really belive there was ever a free demand driven market for real estate (including renting)? ROTFL. Never not in the USA and not in Europe or Asia.
January 31st, 2010 at 10:18 pm
Its true here in Kansas City, Mo. too. Empty houses, vacant apartments. The rental prices are not coming down. Where are people going? Who are they moving in with? Its really something!!!
January 31st, 2010 at 10:28 pm
waaaaaaah wah waaaaaahhhhh – it’s the Zionists – waaaahh waaaaaaaaah
you ignorant turd
January 31st, 2010 at 10:34 pm
where are all the people going?? alot of empty houses and rentals all over where i’m at……
January 31st, 2010 at 10:52 pm
Yes I know. I’ve never seen so many empty houses, boarded up buildings, House for Sale and Apartment for Rent signs in my life.
Banks are holding a ton of properties and at some point their regulators are going to force them to show non-performing assets as liabilities. That’s when the market will be flooded with properties.
January 31st, 2010 at 11:50 pm
Give me a break from this copout zionist bullshit. Believe it or not dude, you can’t blame the economic collapse on the Jews. This is not a zionist scam. This is the Federal Reserve printing money and destroying the dollar’s value. You and the rest of the country also allowed it to happen by electing all these shit dick politicians that you so wholeheartedly believe in even as they figuratively shit on your whole existence.
February 1st, 2010 at 12:46 am
I was in prov last night, mad vacant houses.
February 1st, 2010 at 12:52 am
because when you buy they’re gold … they’re other gold goes up in value… and they take your cash and buy more gold for a lot less than you just paid….
February 1st, 2010 at 1:06 am
Because they Rob you and steal you blind,
Offering the melted price which is crap.
My wedding ring costs $300 dollars 8 years ago.
Gold prices have tripled, I was in the market for a new ring and so I had it valued.
I was offered $57 dollars, and this with Gold prices at $1100
Its all one big Zionist Scam
February 1st, 2010 at 2:05 am
check out JesusChristLovesForeverAmen(.)blogspot(.)com and JaneEwadeShalWendaChristAmen(.)blogspot(.)com
Praise Jesus and Mary Magdalene and Jeff Fisher and Jane Bowell and Princess Diana.
February 1st, 2010 at 2:27 am
It isn’t just LA, it’s here in Providence, RI too. Prices are hovering just under $1,000 a month for a 2 bed. And they’re not coming down.
The building I’m in is owned by a guy who owns 10 units. Of those ten only 3 are occupied.
February 1st, 2010 at 2:47 am
League…..You’re seeing the ad where they are preying on little old ladies with beginning dementia who are sending in their kids inheritance to these thieves,
I am talking about all the the different ads you see every five minutes spreadiing fear offering gold coins and bullion for dollars. You’ve seen them too unless you are living in a cave.
February 1st, 2010 at 3:11 am
If you look at what happened to the Weimar Republic you’ll see that housing was affordable, but food and energy were expensive.
February 1st, 2010 at 4:10 am
Who in their right mind is offering gold for cash? The exchange on TV is asking for people to submit their gold in exchange for cash. One ounce of gold is slightly over 1k and these companies are offering you close to 180 to 220$ an ounce. You’re either badly misinformed or misinterpreted their message.
February 1st, 2010 at 4:28 am
if gold is good and dollars are bad, why do all those people on TV want to give you their gold in exchange for your dollars?
February 1st, 2010 at 5:16 am
Maybe inflation is very selective, the dollar maybe worthless for one thing but super valuable for another. Maybe we’ll pay $80 for gal of gas or $20 for a loaf of bread but only $20 to rent a mansion. We can call this hyper-uneven-inflation. That makes perfect sense, don’t you agree?
February 1st, 2010 at 6:00 am
I don’t get it either, housing prices are dropping but if hyperinflation kicks in and gas is $8 or $80 per gal. and bread is $20 per loaf, salaries will go up (lagging of course) and rents will go up too…people need a place to live.
February 1st, 2010 at 6:47 am
please don’t chew cum while you’re talking george
February 1st, 2010 at 7:33 am
Is it time to live in your car?
February 1st, 2010 at 8:07 am
Housing : a place to lay your head? Hey, that’s a good idea!
February 1st, 2010 at 8:23 am
So inflation mean price drop?