tag:blogger.com,1999:blog-10849017.post4872334304419026153..comments2024-03-06T04:16:12.541-06:00Comments on Tony's Kansas City: KC HOUSING BUBBLE BURSTS!!!Tonyhttp://www.blogger.com/profile/17923450492847284487noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-10849017.post-92225078424026386262019-05-16T17:23:41.704-05:002019-05-16T17:23:41.704-05:00The family home remains the mainstay of middle-cla...The family home remains the mainstay of middle-class wealth, but its value is now determined by credit bubbles and busts and the relative burdens of property taxes. In the pre-financialization / pre-neoliberal era, house prices tended to rise by a modest percentage over time, more or less the equivalent of a savings account drawing interest as the homeowner paid down the principal and accrued equity.<br /><br />Now every homeowner has been transformed into a gambler who must time the market swings when buying or selling. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10849017.post-66884039870073756032019-05-16T17:20:54.568-05:002019-05-16T17:20:54.568-05:00According to Zillow
LOL it's algorithms are ...According to Zillow<br /><br /><br />LOL it's algorithms are about as trustworthy and realistic as thinking Facebook respects your privacy. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10849017.post-43101591964369985112019-05-16T16:28:21.432-05:002019-05-16T16:28:21.432-05:00Maybe houses will drop back to their actual value ...Maybe houses will drop back to their actual value instead of the current inflated prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-10849017.post-16251872182983057872019-05-16T16:07:59.552-05:002019-05-16T16:07:59.552-05:00This means the housing east of Troost is more affo...This means the housing east of Troost is more affordable than in the past. Slie will be overjoyed with this good news.Lucifernoreply@blogger.comtag:blogger.com,1999:blog-10849017.post-10272799826201562562019-05-16T15:37:56.128-05:002019-05-16T15:37:56.128-05:00I don't disagree that this season of home buyi...I don't disagree that this season of home buying has been disappointing. But I will say that there is still a lot of time for the market to pick up and to call it quits would be silly. Agree that we need more data to judge the KC housing seen all together.Kc cryptonoreply@blogger.comtag:blogger.com,1999:blog-10849017.post-84183237434626802522019-05-16T15:12:40.680-05:002019-05-16T15:12:40.680-05:00hmmm...so home values in January of 2015 dropped b...hmmm...so home values in January of 2015 dropped by 0.1 percent. What happened this to home prices over the the next four years?<br /><br />This is a rare poorly researched article by the biz journalAnonymousnoreply@blogger.com