Comments on: Once happy homeowners, now reluctant renters
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- "At one apartment," said Gina, "it would cost approximately $3,000-$4,000 just to get into the apartment."
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They are obviously looking at some VERY pricy apartmets.... - Reply to this comment
- A house is absolute money pit nothing more. Any body tell you its an investment is nuts. You add up all you spend for a house for 30 years what ya got, a house. You can either sell it or borrow against it. If you sell it you'll never get close to all the money u spent on it. And I would certainly not buy a home now. The economy is going to turn downward soon. I wouldn't want to be a new home owner when it does. I'd wait and rent. I just looked on Craigslit and there are plenty of apartments in Denver between $1000 to $2000. And you'll be surprised at how much you save renting. Have a good day.
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- "We've done everything that we possibly to keep this from happening. " Really ??? apparently not ....
got to have a backup plan ... - Reply to this comment
- The topic Renting VS homeownership. To those of you who say BOO HOO.
The cities and states got news for you.
"You don't own squat." That thing the city and state call 'property taxes' is really a "rental fee" If you/we don't pay the property taxes the incorporated, guess what happens to us? They'll sell the property right from under us using a thing Tax certificates. Then they'll send the sheriff to throw out the measeling furnishing to the curb...
So don't be so smug...Every single citizen is renting wether they pay the bank or the city/government via property taxes...If you pay $1300 or $6000 per year in taxes you really are paying for the priviledge of not being tossed out.
American own no private property, period. - Reply to this comment
- I wondering if they feel better off today then 4 years ago. Probably not but I am sure they weren't polled either otherwise the truth might be revealed.
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- Boo Hoo. They couldn't make the payments so they lose the home. If he lost his job 3 years ago, they had all that time to do something to avoid this. So now they have to rent. Where is the shame in that?
No sympathy. - Reply to this comment
- But John lost his job three years ago in the construction industry. "What happened to all the jobs?" John asked. "Where did they go?"
What happened was the GOP and Wall Street repealed the Glass-Steagall Act and replaced it with the Gramm-Leach-Bliley Act. That removed the firewall between investment bankers, overseas investors and our (previously) tightly regulated real estate market.
What it did was convert our Real Estate market into a Las Vegas Slot Machine.
This is GOP trickle down economics. No plan. Slash regulations and trust the bankers (fail), No wide field of view. No Guilt or worries about sustainability or anything messy like that. It was all about the Rich making money. Just another Boom-Bust-Meltdown cycle. Screw the poor and the middle class.
Notice the GOP will say that the jobs that are created by them add to the economic activity and the economy therefore bootstraps itself up, as long as the rich put their money into the system.
Well guess what? From 2000 to 2008 Trillions where artificially pumped into our Real Estate market in what was essentially, a gigantic Ponzi scheme. Our entire Real Estate Market and it's perceived "value" is a joke because of it.
This man asks where the jobs are. The GOP doesn't have an answer. Furthermore, they blame Obama for having to clean up their mess afterwards.
The answer to where his job went is simple. The Boom-Bust cycle should never have happened in the first place. Sure there should be jobs in construction, but not nearly as many as were "created" due to the artificial boom-bust-meltdown cycle wall street caused. Your job went away because it never should have existed in the first place. Just like the thousands of Wall Street bankers that are looking for a job now too. It was all GOP BS.
But hey, don't worry about the Mitt Romney's of the world. They made theirs. The Rich have an estimated 24 to 32 Trillion stashed overseas in offshore accounts.
Hind sight is 20/20. We can look back now and see clearly what happened. Should it have? NO. Can we change the future? Absolutely. What we want to see is steady, solid growth at our NATURAL RATE. The problems arise when the GOP and Wall Street want to game the system to artificially accelerate profit of a certain commodity.
The biggest failure we could possibly make right now is to put those two idiots, Romney and Ryan into power.
How many meltdowns do we have to endure before people understand that slow and steady beats flash and burn any day of the week. - Reply to this comment
