Have politicians brought us to the edge of a double dip in property values?

  • August 08 2011 - Naples
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Answers (3)

Profile picture for Lawrie Lawrence
We are close to the way back now...
  • March 10 2012
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Profile picture for jimmy57
Dan is correct.  In fact politicians (and the NAR that funds them) created the head-fake that made the housing crash appear as two episodes. Without that commission-creatin' uptick, it would have just been one long slide back to reality.

The market is inexorably returning house values to a credible relationship with incomes levels.  A good next step would be getting rid of the home mortgage deduction.  Effectively paying people to buy houses is an economic perversion, and as we've now seen, getting as many people as possible to take out mortgages on houses does not create stable communities.
  • August 10 2011
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Profile picture for the_country_hick
We already had a double dip after the buyers bribe of $8,000 expired. Perhaps you mean a triple dip?

Politicians have brought us here yes. They did the wrong things that caused the bubble. Now we are living with the results of their actions several years ago.

This is nothing new, house prices have really been falling for several years now.
  • August 08 2011
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