Why a Housing Rebound Could Take 20 Years

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Matt wrote the following:
"The illegals will eventually want to buy homes and can help deter that problem. They will have to adapt to the US way of life. In addition, since Europe has had many problems with middle east people moving into their neighborhoods, many skilled Europeans want to come to the United States and the goverment is going to let them I assume. This helps our ecomomy because it helps home prices rise and at the same time brings with it a more educated workforce than the illegals can. This is my best guess, coming from a senior in college."
What in the world are you talking about? Illegals want to buy homes?
The illegals are here to do low-skill, manual labor, while receiving free healthcare, producing multiple "anchor babies", and continuing their Third World cultural patterns of high birthrates and low college upward-ly mobility. Heck, most of them do not even care to speak English, as our Social Security Number-stealing friends from Central America demontrate by their wrong behavior.
Look at the Los Angelos barrios.
When the USA policy is to import tens of millions of lawbreakers who are entrenched in their poverty-Third World cultural patterns, then don't be surprised at the outcome.

Jas1964 of CA 10:42PM February 15, 2010

Merlin is correct, however housing will probably rebound much faster than the 20 years. Forget the baby boom generation retiring and leaving plenty of open homes that in theory will drive the supply up and demand low, which will result in lower priced homes. The illegals will eventually want to buy homes and can help deter that problem. They will have to adapt to the US way of life. In addition, since Europe has had many problems with middle east people moving into their neighborhoods, many skilled Europeans want to come to the United States and the goverment is going to let them I assume. This helps our ecomomy because it helps home prices rise and at the same time brings with it a more educated workforce than the illegals can. This is my best guess, coming from a senior in college.

Matt of PA 4:48PM January 07, 2010

US economy depends on exports of armaments,planes & high technology products. US economists will have to work out ways to have many more products in the export lists. For this to happen, US currency must depreciate by 50% against other currencies. This will cut down imports which may not be good for other countries but will certainly be better for US. China has an interest in keeping US & its allies like India busy by supporting everyone who opposes US & its allies in all forms. If US currency depreciates against china, china will be in a fix with sufficient domestic problem.Ultimately, US will have to find out ways of backing its currency with gold.silver etc so that the credibility is restored.

pankaj shah 11:28AM September 30, 2009

What they have to do with an economy?
Short memory Alex?
Don't remember when print news publishers were doubling their classified rates every six months! Just less than ten years ago, until Craigslist came along and now they're tripping over each other to the bankruptcy courts.
Banks, Credit Cards Companies, other lenders, retailers and home builder, all in their greed for money literally have killed the goose laying the golden eggs, the consumer.
How much your credit card interest rate will be today, if you are a day late on your payment?
Cell phone companies can show you the moon and lock you up in a two year contract to make 3000 to 5000 dollars and then as soon as you're past the 30-days they can deliver little or no service.
You'll have to sign up with At&T for 2 years to find the truth about their 5 bars..
The goose is now in a coma..It may take more than 20 years to revive it to where it can lay the golden eggs again...

Ahmed of CO 1:07PM September 21, 2009

You also have to consider two very important facts:
1. The retiree to working ratios will go from being 30 retirees for every 100 workers to 46 retirees to every 100 workers over the 15-20 years.
2. The US Gov will have to start raising interest rates before long in order to be worth the risk to investors buying our T-Bills. Without the excess Social Security Funds and Foriegn investors willing to risk money on US, look for interest rates to rise considerably.
If you think housing prices have plumeted so far, just wait. The decline fueled by what I mention above will make this current decline pale by comparison.

Merlin of WA 8:46PM September 18, 2009

Buy Metals, store food and water. Have backup power and buy a gun or 2.

larry of FL 1:40PM September 16, 2009

What does having a 3G network have to do with recovering millions of jobs? The internet seems to be destroying a lot of jobs because people refuse to pay for news, etc. since it is free online.

Alex of WA 12:17AM September 15, 2009

Years ago i helped with the beginning of the cell phone system
technically so i knew about 3g before you were born Michelle.
Anyway, the housing market is not finished going down and won't
be done by second quarter of 2010. Everybody just hopes is will
get well by then. The jobs are gone forever, these greedy
employers here in the US won't start paying again after cheap
labor from overseas. Our poor wondernation is in very deep
trouble. I still love it and wish us well.

Larry of CA 3:46PM September 14, 2009

Years ago i helped with the beginning of the cell phone system
technically so i knew about 3g before you were born Michelle.
Anyway, the housing market is not finished going down and won't
be done by second quarter of 2010. Everybody just hopes is will
get well by then. The jobs are gone forever, these greedy
employers here in the US won't start paying again after cheap
labor from overseas. Our poor wondernation is in very deep
trouble. I still love it and wish us well.

Larry of CA 3:46PM September 14, 2009

Realestate will rebound within 5 years because we are way more connected than babyboomer generation. we have internet, cellphone, 3G network. We can speed to wealth while the old people just trying to figure out what is 3G network.

michellle of WA 12:57PM September 14, 2009