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Wow! average price of house in Bay Area is down 44% in last year, 38% state wide
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| Kismet7 |
| Basically Americans got f.uckered by Banks and the Govt. |
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| MichaelConway00 |
| isn't this the same trend as in the early 90's? Right after bush senior didn't the housing market take a big slip? I say it took Clinton 4 years to fix that mess, so within the next 3-5 years the housing market might bounce back. Its just hard to say exactly what the long term side effects of the sub prime crash will have.. I suspect things will be ok though. |
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| Kismet7 |
| quote: | Originally posted by MichaelConway00
isn't this the same trend as in the early 90's? Right after bush senior didn't the housing market take a big slip? I say it took Clinton 4 years to fix that mess, so within the next 3-5 years the housing market might bounce back. Its just hard to say exactly what the long term side effects of the sub prime crash will have.. I suspect things will be ok though. |
Not the same at all, potential homeowners were'nt jumping into a pit full of spikes that was covered by what looked to be a pillow, geniously put there by the banks/govt. Lets just hope Obama and his adminstration are not as crooked as the past 8 years have been. |
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