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Experts: It Could Take Years for Home Prices to Rebound

Experts say it could be another 8 years before home prices recover to their 2005 peak so what should homeowners do now?

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Comments
Noodie1 - 3/23/2012 6:23 PM
0 Votes
The "Experts" should know ......... they're the ones that created this mess!

Here2Long - 2/28/2012 10:46 AM
2 Votes
Alright...home values are down...property taxes are based on the property values. Have property taxes declined in conjunction with the decline in your property value? I think this bears looking into, there has been a defacto tax increase with no vote. Big Brother needs to be called out on this!

BornInTheUSA - 2/28/2012 9:31 AM
2 Votes
And all this started under th Bill Clinton initiative of "Everyone should own a home", and was ontinued by the Democrats Barney Frank, Maxine Waters, and Gregory Meeks. The Democrats forced the Banks to make these loans and even threatened to sue the Banks if they denied unqualified borrowers a mortgage. The Banks reluctantly complied and quickly sold all those bundled subprime loans to Investment Banks like Lehman Brothers and AIG. The loans begins to default by the millions when gasoline sky-rocketed in 2008 and the Banks and Investment companies loss billions. The Federal Government bailed out the Banks and financial institutions because their own Federal Government policies forced the Banks to write the loans to begin with. Then the Democrats used the collapsing economy that they created through the mortgage crisis to regain control of the Congress and the White House. Google Barney Frank, Maxine Waters, and Chris Dodd and add the words mortgage crisis and read the truth. The Repubicans in Congress warned the Democrats what would happen and they ignored them, shown in a YouTube video posted. Gas was $1.83 a gallon when Bush left office and now it's doubled, unemployment was 5.7% in 2008 and now it's actually over 15% including people that have disappeared from the out of a job sector. Poverty has risen, food stamps recipients have reached a record level, disability applications have risen because people quit looking for work and now seek disability status, Black unemployment is over 20%, food prices have risen over 33% in the last 3 years, foreclosures have reached record levels, and the POTUS thinks he deserves a 2nd term. He has divided the US citizens more than they were during the segregation era and 49.5% of US citizens pay absolutely no taxes. Yet he wants to raise taxes among the 1% of wealthiest Americans, and if they were taxed at 100% the amount gained wouldn't lower the debt a fraction of a percent. US is 16 trillion in debt and climbing each minute
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