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Been going up around here too. Up appx. $80K in 3 years.
It's not nearly that simple.
North of Albany/upstate NY. If I want to drive 3 or so hours into the outskirts of nyc in Connecticut/Boston/Pa/Jersey the deal gets better but the chances of dealing with “no hablo English” goes up. To my other point about the state work, I’m pretty sure some part of that is due to it being an election year and the theatrics that brings
You can get way upside down buying at the wrong time, in 20 or 21 I met a couple that were selling their house, they had bought at the previous peak, 2009, and had been upside down for 12 years, zero equity, unable to move, unable to refinance, 12 years of payments, repairs and maintenance, and nothing to show for it, just the ability to leave without bankruptcy
Rates are typically dropped to rescue a recession, so you buy the "350k" house in the recession for 250k at a shitty 8% mortgage, then some time goes on, rates are cut and cut and cut to create a boom, house prices are climbing, it's now worth 350k and mortgages are 4.5% so you refi
House prices climb and climb until people can't afford them, can't take on new debt, bankers want to foreclose and become landlords, so they jack the rates, take away the punch bowl, and start all over again. Central banking is for their benefit not ours
Sure as shit shouldn't have allowed them to use bailout money to buy up their competition and further concentrate the industry.
You can get way upside down buying at the wrong time, in 20 or 21 I met a couple that were selling their house, they had bought at the previous peak, 2009, and had been upside down for 12 years, zero equity, unable to move, unable to refinance, 12 years of payments, repairs and maintenance, and nothing to show for it, just the ability to leave without bankruptcy
I agree with the idea that we shouldn't have allowed the banks to become bigger after 2008. But, I'm just curious what the poster was suggesting we should since the meme he quoted essentially calls for the end of banking systems.
Beat him up on price and buy that. Thank the neighbors for keeping property values down, hang some billboards as a fence of you don't like to see them
Trick question. Bankers are regulators, Regulators are bankers, you kissed a man………
Get rid of banks and regulate them more are the same thing
Upstate has nothing going on. And probably won't for a long time. It's not cool for the progressives like vt. But it's nice country. Just depressed.
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when has passing additional regulation ever gotten government out of anythingGet rid of banks and regulate them more are the same thing
So, why then do monopolies other than so-called natural monopolies fight anti-monopoly regulation tooth and nail? I'm sure AT&T and Standard Oil might not be big fans of anti-trust laws....
Watch out for magic bullets
I'm sorry that you're retarded and while there is only one way to fix that
Ah, I see you've lost again... Tell me again how monopolies love regulation?
well, that'd collapse the central bank, whose theft that those in DC depend upon for financing all of their murderous clout
That would collapse all banking genius.
