Poll: Homeowners see home values falling.
By on Apr 18th, 2008 at 3:00 pm
Poll: Homeowners see home values falling.
According to a new Reuters/University of Michigan survey, 41 percent of homeowners report “that their home had lost value during the past year, compared with 36 percent the prior month, the highest level since the late 1980s when the question was first asked. A year ago, only 20 percent said their homes had lost value.” Just 18 percent anticipate home values increasing over the next year.
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But this is GOOD news!
How ELSE are the mega-rich supposed to get cheap deals on property?
Sheesh………next we’ll be expecting them to send their kids to Iraq.
April 18th, 2008 at 3:06 pmPoll: Voters See Poll Values Falling Too.
-AF
April 18th, 2008 at 3:07 pmAndrew Sullivan Is A Fraud
Cheney: SO?
April 18th, 2008 at 3:07 pmReichWingers: “Get it while you can, there’s so much to choose from! The Joneses will move into a hotel this weekend; the selection gets even better!”
April 18th, 2008 at 3:11 pmHouse values drop, which lowers property taxes, which lowers budgets of local schools, which lowers IQs, which increases republican voters.
April 18th, 2008 at 3:14 pmAnd no manner of selling your soul to the HOA will stop it.
April 18th, 2008 at 3:14 pmTHISis why I hate crooksandliar.com, and the drudge report, and politico, and partisan blogs in general. Think progress is one of the few partisan blogs that’s moderate enough that it’s still inviting. It’s more progressive then partisan.
April 18th, 2008 at 3:16 pmI wonder if a glut of foreclosed properties in almost every neighborhood might have something to do with this?
April 18th, 2008 at 3:16 pmOr “non-elitist” voters, Bobwurst.
/snark
April 18th, 2008 at 3:17 pmSo how is Hillary
April 18th, 2008 at 3:30 pmgoing to beat Barack Obama? that’s the real question at hand. Cuz that’s obviously how Howard Dean and the democrat illuminati’s wanna play it. I think Obama is just airing out her dirty laundry for her. So when she takes on McCain anything he throws at her will be old news.
it was BILL CLINTON that created CITIGROUP to basically ‘Whitewater’ the entire country via taking our national wealth and privatizing through Wall Street.
Why’d think progress leave that out i wonder…?
April 18th, 2008 at 3:32 pmold hack,
April 18th, 2008 at 4:21 pmActually, it was Sandy Weil who grew CitiGroup into what it was until he left his CEO position. His successor was not able to hold the house of (credit) cards together - that was well after Bill Clinton left office.
PS: I am not a Clinton fan.
Even if a Homeowner sells his/her home for the asking price…the value of the home has still gone down,,,because the Value of the DOLLAR has gone down.
April 18th, 2008 at 4:30 pmThe dollar has lost value because of the mounting national debt and the credit profligacy of Cheney-Bush plus Congress. Moreover, Clinton did much better budgetwise and didn’t start a war just to murder one man (Saddam) and have his pistol for a trophy (oh and also to reimburse Halliburton for Cheney’s asbestos woes).
April 18th, 2008 at 4:42 pmit was Rubin his secretary of treasure that formed citigroup.
http://www.cnn.com/ ALLPOLITICS/ stories/ 1999/ 05/ 12/ rubin/
April 18th, 2008 at 4:53 pmAnd home ownership is the biggest investment most of the population will make.
Yep, the climate is great for investing.
April 19th, 2008 at 1:42 am