Refuge
rabble-rouser-machine
Member: 77
Joined: Nov 10 2008

DrConway wrote:
Land price increases are not a God-given gift to homeowners. If they have negative equity - too bad!

I do agree with you that the amount that people expect houses to go up is ridicoulous however that is where my agreement ends when it comes to "house flippers".

A car is usually so broken after 20 years of use that it is not drivable (I have driven 4 cars to the car graveyard because I had them at the end of their lifecycle). A house is still usable with maintenance after hundreds of years.

House flippers are not the homes owner. They are there to do a service, one that I find valuable.

I think people who fix up older houses are actaully doing a service by allowing a house that in some cases are in so much disrepair that it would have been torn down for a new house.

Houses should remain stable because they are reusable for a lot longer than a car and any improvements to it should increase their value because then it will be usable for a lot longer.

I'm tired of people thinking that a house should be garbaged after a certain number of years and be bulldozed for newer houses that are "worth more". We should be fixing up what we have and if someone buys an older house to fix it up to be better than when they bought it they should get a new price for the better house that they fixed it up to, not a bad price because it is old and should be worth less than a newer house.

I do agree if you are living in the house you shouldn't base decisions on increases in value and resaleability (this coming from a girl who's father wouldn't let her put posters up because he didn't want holes in the wall for when he resold it) however because a house is reuasable for so long I think they should be able to maintain its value because it is just as valuable as a new house and sometimes more so.


World Financial Crisis Redux By: DrConway (104 replies) March 1, 2009 - 12:21am
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  • Quote:The grand bargain By: DrConway (Mar 1 2009 - 7:01pm)
  • Quote:BRUSSELS (AFP) — By: Frustrated Mess (Mar 1 2009 - 6:12pm)
  • DrConway wrote: Land price By: Refuge (Mar 1 2009 - 6:04pm)
  • Bank of England set to pump By: DrConway (Mar 1 2009 - 6:00pm)
  • I never moved in those By: George Victor (Mar 1 2009 - 1:04pm)
  • Bank of England to begin By: DrConway (Mar 1 2009 - 11:10am)
  •  I agree Dr. Conway.  That By: ElizaQ (Mar 1 2009 - 8:29am)
  • NorthReport wrote:If you are By: DrConway (Mar 1 2009 - 3:32am)
  • Re: World Financial Crisis Redux By: M. Spector (Mar 1 2009 - 1:11am)
  • Update: http://www.independe By: DrConway (Mar 1 2009 - 12:37am)