8 Housing Markets May Be Set to Crash

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Florida's home prices have fallen greatly but the problem is not prices, it's Fl Government spending.
Our now famous Gov. Christ said over and over that when he becomes the Governor, taxes will drop "LIKE A ROCK" but so far it just has not happened and it's just business as usual and to top it off, the Florida Assn. of Realtors just gave Gov. Christ a MILLION bucks for what ??? Certainly not for his performance ! It's just business as usual. The lobbiests are spreading money around like crazy and the guys with the big bucks get what they want,...every time !

Lee Carlson of FL 7:00PM August 27, 2008

As I drive around Vancouver, I am seeing a lot more for sale signs and some up over a year and many with taped over sign notation that "price reduced". Loans go only to those with top notch credit rating and huge down payments. Some are using creative housing options like trading houses and renting out existing housing instead of selling when they want to move and just staying put till the market improves. And people are staying home more instead of traveling and the good thing about that is that their homes are getting painted and yards are looking better than they have for 20 years and that seems to be where they are spending their money formerly used to travel.

Virginia of WA 12:05PM June 29, 2008

I live in Longview Washington and its very hard to get any information about the local housing market here, because everybody seems to be in denial and the local paper always puts a spin on it. We have been looking to buy for a couple years now and simply wont pay these prices for a house its really crazy. What I dont understand is Longview has nothing to support this price schools arent great, crime is high, job market is poor, quality of living suffers because of the top things I have mentioned, I have never understood it and still dont. I always have wondered who is buying at these prices not the locals with local jobs I would bet.

Christy of WA 1:14PM June 09, 2008

Thanks to our government's making subprime loans legal. It was Clinton who approved this ill coceived law that was written by ex Texas Senator Phil Gramm and his wife. Now the USA is reeling from this quagmire of bad legislation that was never voted on in congress but was put into another piece of legislation that Clinton wanted. A form of pork that is a real weakness of our form of government.
UBS, now Gramms employer, has lost billions as a result. But we both know that the Clintons and Gramms never lost a cent but made a windfall.
Wonder why Clinton's Daughter, Chelsie, works for a Hedge Fund that can invest in such "sub prime loans" and Oil Futures Contracts that was also part of the same bad legislation.

whs806 of TX 9:31AM June 03, 2008