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(First Coast News)   U.S. housing prices rise the most in the past six years. Even in Washington, the cost to rent the White House for four years is now up to $2 billion   (firstcoastnews.com) divider line 11
    More: Followup, U.S., White House, Real estate pricing, green buildings, CoreLogic, subprime mortgage crisis, building permits  
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1850 clicks; posted to Main » on 08 Nov 2012 at 12:51 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-08 01:19:01 PM  
2 votes:
And that's just to alter the new chairs that Michelle has ordered so that they fit her huge ass better
2012-11-08 01:17:05 PM  
2 votes:
So does this mean I can once again go out and take a home equity loan for 240% of its value if I only have a part-time job at Burger King?
2012-11-09 12:02:35 AM  
1 votes:
Actually the cost to get in the white house is ~$4 Billion, $2 Billion only gives you a 50/50 shot
2012-11-08 02:09:41 PM  
1 votes:

cptjeff: Housing prices are high "even" in Washington? Is subby high? In Washington, even a 10x12 room in a basement with rats will run you $500 a month if you're lucky. A room in a better neighborhood will run you a grand. Housing prices are insane here.

Yeah yeah, not the point I know, but "Even in Washington" doesn't really work when setting up a joke about housing prices.



$500 a month for a basement-level shiathole sounds like a hell of a deal compared to Vancouver where basement "studios" start around $1200.
2012-11-08 01:56:11 PM  
1 votes:

Rik01: It's, IMO, like claiming the environmental pollution, a couple of hundred years back, in Europe, dropped sharply for a century or so and was a good thing. Except, it did so because 1/3 of the population was killed off by the Plague. It was also a great time for low unemployment, since most of the skilled working force was gone.


Couple hundred?

Technically, that was a 'good' thing but the secondary cost was high. Not to mention that the Dark Ages followed.

Dark Ages preceded the Black Death.
2012-11-08 01:40:23 PM  
1 votes:
Subby: Good work on this. Gave me a good laugh.
2012-11-08 01:34:29 PM  
1 votes:
Housing prices are high "even" in Washington? Is subby high? In Washington, even a 10x12 room in a basement with rats will run you $500 a month if you're lucky. A room in a better neighborhood will run you a grand. Housing prices are insane here.

Yeah yeah, not the point I know, but "Even in Washington" doesn't really work when setting up a joke about housing prices.
2012-11-08 01:24:49 PM  
1 votes:
Four more years of "thanks Fartbongo"
2012-11-08 01:16:07 PM  
1 votes:

Rik01: So, is building new homes a wise indicator of economic recovery?


Not entirely but it sure is important to the home construction, renovation, furniture and moving industries, all of which were walloped by the recession.

Also, Subby: Nice.
2012-11-08 01:04:58 PM  
1 votes:
It's easier to have a higher percentage gain when you start from a lower price.

A $5,000 rise on a $300,000 home is only 1.67% but a $5,000 rise on that $100,000 home (that was just $300,000 a couple years back and got beat to death) is a 5% rise.


But that aside, don't you love realtors? When prices go up they scream "BUY NOW before they go higher". When prices drop they scream "BUY NOW because they are at the bottom". Even the logic in this article, that rising prices encourage more to sell their homes to entice would-be buyers to purchase homes before prices rise further. Much of that is contradictory. If that logic was true, why did foreclosures which put more homes on the market, kill the home sales? More homes on the market means more people will buy them and will pay higher prices? DAFUQ. That only worked in early 2000's because banks were pretty much approving ANYONE so money was cheap and easy.


For FIVE YEARS now I read our local paper and EVERY SINGLE article they ever run (like this article) is from realtors and all it says is "BUY NOW".
2012-11-08 01:04:38 PM  
1 votes:
I look for the cost of housing in and around the White House to drop sooner or later, you can see how "white flight" has occurred as more minorities and renters move in.

//lude
 
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