World Financial Crisis Redux By: DrConway (104 replies) March 1, 2009 - 1:21amtheorangeliberal wrote:Thank By: M. Spector (Mar 4 2009 - 5:06pm) Speaking of God, how's that By: N.Beltov (Mar 4 2009 - 4:22pm) Re: World Financial Crisis Redux By: theorangeliberal (Mar 4 2009 - 3:27pm) Re: World Financial Crisis Redux By: thorin_bane (Mar 4 2009 - 3:15pm) While it's useful to go over By: N.Beltov (Mar 4 2009 - 12:58pm) "The Great Recession of 2008 By: josh (Mar 4 2009 - 10:57am) This is too much.Maybe the By: NorthReport (Mar 4 2009 - 12:32am) The horrifying health By: N.Beltov (Mar 4 2009 - 12:02am) Meet the Mortgage By: Doug (Mar 3 2009 - 11:55pm) Re: World Financial Crisis Redux By: George Victor (Mar 3 2009 - 9:13pm) Re: World Financial Crisis Redux By: Doug (Mar 3 2009 - 8:51pm) Don't worry they tossed a 30 By: thorin_bane (Mar 3 2009 - 4:22pm) Doug wrote: Good thing I'm By: KenS (Mar 3 2009 - 1:28pm) Re: World Financial Crisis Redux By: josh (Mar 3 2009 - 12:52pm) The S & P 500 is below 700. By: NorthReport (Mar 3 2009 - 12:13pm) Economists forecast drop of By: NorthReport (Mar 3 2009 - 11:52am) "The global financial crisis By: N.Beltov (Mar 3 2009 - 5:00am) America's Fiscal By: Fidel (Mar 2 2009 - 9:55pm) Great environmental news - By: Doug (Mar 2 2009 - 8:42pm) I enjoyed this trader's face By: Doug (Mar 2 2009 - 6:31pm) It's like Wall Street and By: Fidel (Mar 2 2009 - 5:12pm) I admit to a minor amount of By: DrConway (Mar 2 2009 - 4:47pm) George Victor wrote: At ll By: Doug (Mar 2 2009 - 4:45pm) The useless CATO Institute By: NorthReport (Mar 2 2009 - 12:31pm) At ll a.m., the TSX is By: George Victor (Mar 2 2009 - 12:04pm) Quote:The grand bargain By: DrConway (Mar 1 2009 - 8:01pm) Quote:BRUSSELS (AFP) — By: Frustrated Mess (Mar 1 2009 - 7:12pm) DrConway wrote: Land price By: Refuge (Mar 1 2009 - 7:04pm) Bank of England set to pump By: DrConway (Mar 1 2009 - 7:00pm) I never moved in those By: George Victor (Mar 1 2009 - 2:04pm) Bank of England to begin By: DrConway (Mar 1 2009 - 12:10pm) I agree Dr. Conway. That By: ElizaQ (Mar 1 2009 - 9:29am) NorthReport wrote:If you are By: DrConway (Mar 1 2009 - 4:32am) Re: World Financial Crisis Redux By: M. Spector (Mar 1 2009 - 2:11am) Update: http://www.independe By: DrConway (Mar 1 2009 - 1:37am)
- I've started another thread By: N.Beltov (Apr 23 2009 - 11:12am)
- Freddie Mac's CFO By: Doug (Apr 22 2009 - 6:33pm)
- The Tower of Basel: By: Fidel (Apr 19 2009 - 2:26am)
- My city is now at 13.7 By: thorin_bane (Apr 9 2009 - 8:26am)
- (No subject) By: DrConway (Apr 8 2009 - 11:44pm)
- Re: World Financial Crisis Redux By: josh (Apr 3 2009 - 10:38am)
- This is a really excellent By: Doug (Mar 31 2009 - 12:00am)
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- Nevermind the fact that By: thorin_bane (Mar 26 2009 - 12:02am)
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- I have to wonder if he's By: DrConway (Mar 25 2009 - 9:58pm)
- Call the By: Doug (Mar 25 2009 - 8:28pm)
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- Re: World Financial Crisis Redux By: thanks (Mar 22 2009 - 4:16pm)
- Let the fun of this Spring By: Doug (Mar 22 2009 - 1:52pm)
- "...distracting attention By: Stanley10 (Mar 21 2009 - 12:36pm)
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- I added a comment above in By: N.Beltov (Mar 13 2009 - 2:49pm)
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- I have this theory about By: blackhand9 (Mar 12 2009 - 10:38pm)
- Quote:Financial innovation By: DrConway (Mar 11 2009 - 9:22pm)
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- People lose their jobs, By: M. Spector (Mar 7 2009 - 2:06am)
- And thousands of private By: Fidel (Mar 7 2009 - 2:00am)
- Re: World Financial Crisis Redux By: Doug (Mar 7 2009 - 1:40am)
- Re: World Financial Crisis Redux By: Ward (Mar 6 2009 - 9:58pm)
- Quote:The US economy is By: M. Spector (Mar 6 2009 - 8:49pm)
- Quote:We are now, it is By: M. Spector (Mar 6 2009 - 12:49pm)
- theorangeliberal wrote: To By: M. Spector (Mar 6 2009 - 12:44pm)
- orangelib:"I'm not saying By: George Victor (Mar 6 2009 - 11:28am)
- The U.S. economy continued By: josh (Mar 6 2009 - 9:57am)
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- To M. Spector, your recipe By: theorangeliberal (Mar 4 2009 - 8:46pm)
- M. Spector wrote: By: Fidel (Mar 4 2009 - 5:37pm)
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.