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<p>[QUOTE=&quot;WingedLiberty, post: 1052438, member: 26030&quot;]<p style="text-align: left"><span style="color: #000000"> </span></p> <p style="text-align: left"><span style="color: #000000">Yet they dont realize that housing was never allowed to fully correct in the last housing bust ... it&#039;s been artifically propped up for 2 years (artifically low mtg rates, tax breaks for home buyers, freezing of foreclosures, etc)&nbsp; it&#039;s no wonder house prices are still falling slowly.&nbsp; </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">I know that my house value was pretty stable around $130,000 for 12 years from 1990 to 2002 (i bought it for $107,000 in 1986) ... then it shot up to $360,000 at the peak in 2006/2007 ... now it&#039;s only back to around $260,000 ... it seems to me that there is still some air in that price.&nbsp; </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Also the sale of distressed houses (foreclosed homes on the books of banks) is going to act as a drag on the market for a while.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">I dont understand why the FED doesnt include FOOD and ENERGY in their inflation computation ... those are two big expenditures for every living breathing adult.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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