Loss of housing value exceeds cost of Iraq war.

Just bought a 2008 square foot home from HUD located

in the foothills of the Blue Ridge mountains located on 2.75 acres for $45K.

Hopefully the value will hold!

Just bought a 2008 square foot home from HUD located

in the foothills of the Blue Ridge mountains located on 2.75 acres for $45K.

Hopefully the value will hold!

Nice score.

Just bought a 2008 square foot home from HUD located

in the foothills of the Blue Ridge mountains located on 2.75 acres for $45K.

Hopefully the value will hold!

And Congress isn't doing a damned thing to end either fiscal disaster.

--mf

Just bought a 2008 square foot home from HUD located

in the foothills of the Blue Ridge mountains located on 2.75 acres for $45K.

Hopefully the value will hold!

Nice!

There is a big difference between phony "value" and real cash out of pocket.

There is a big difference between phony "value" and real cash out of pocket.

yup....but most people can't grasp this simple fucking concept. Iraq War money has been spent, used, gone for good. Housing value is a bunch of bullshit, that only simple-minded dipshits think is "real". lol!!

There is a big difference between phony "value" and real cash out of pocket.

yup....but most people can't grasp this simple fucking concept. Iraq War money has been spent, used, gone for good. Housing value is a bunch of bullshit, that only simple-minded dipshits think is "real". lol!!

Tell that to the millions of people sitting on $250k mortgages for homes that they can't sell for $150k.

There is a big difference between phony "value" and real cash out of pocket.

yup....but most people can't grasp this simple fucking concept. Iraq War money has been spent, used, gone for good. Housing value is a bunch of bullshit, that only simple-minded dipshits think is "real". lol!!

Tell that to the millions of people sitting on $250k mortgages for homes that they can't sell for $150k.

There is a big difference between phony "value" and real cash out of pocket.

yup....but most people can't grasp this simple fucking concept. Iraq War money has been spent, used, gone for good. Housing value is a bunch of bullshit, that only simple-minded dipshits think is "real". lol!!

Tell that to the millions of people sitting on $250k mortgages for homes that they can't sell for $150k.

oh right, because those 25% yearly gains on real estate were meant to go on forever and forever!! afterall, real estate can't possibly be a 'bubble', it's gains are always permanent because they aren't making anymore land!! lol! Obama caused the real estate bubble!!! damn him!!!

There is a big difference between phony "value" and real cash out of pocket.

yup....but most people can't grasp this simple fucking concept. Iraq War money has been spent, used, gone for good. Housing value is a bunch of bullshit, that only simple-minded dipshits think is "real". lol!!

Tell that to the millions of people sitting on $250k mortgages for homes that they can't sell for $150k.

oh right, because those 25% yearly gains on real estate were meant to go on forever and forever!! afterall, real estate can't possibly be a 'bubble', it's gains are always permanent because they aren't making anymore land!! lol! Obama caused the real estate bubble!!! damn him!!!

Yeah, I get it that you don't give a fuck about millions of people losing a large portion of their retirement plans, or that trillions in purchasing power has just evaporated from the US citizenry.

Posted by Jim Buchta

Last update: December 9, 2010 - 12:36 PM

Zillow is getting a jump on the end-of-year data purge with a report released today that says that US homes are expected to lose more than $1.7 trillion during 2010, a 63 percent increase compared with 2009 for a total loss since June 2006 of $9 trillion. That's a lot of cash, way more than the cost of the Iraq war, which cost $750.8 billion since 2001.

[link to www.startribune.com]

of course i care, do you? but let's not pretend this a fantasy world of unlimited gains with no loses..only fucking idiots think that.

btw, supporting needless wars and nation building isn't exactly helping those retirees either...right? oh nevermind..the iraq war and consequent nation building is necessary for america's "freedom"....lol!

The value of the home will eventually return. The money spent in Iraq will not.

There is a big difference between phony "value" and real cash out of pocket.

yup....but most people can't grasp this simple fucking concept. Iraq War money has been spent, used, gone for good. Housing value is a bunch of bullshit, that only simple-minded dipshits think is "real". lol!!

Tell that to the millions of people sitting on $250k mortgages for homes that they can't sell for $150k.

That's called a loss. It becomes real when they actually do sell for less than they owe. Risk is a part of any venture.

I'm not unsympathetic to their situation, just parsing out that the total drop in RE value vs real expenditures isn't really an apples to apples comparison.

That's called a loss. It becomes real when they actually do sell for less than they owe. Risk is a part of any venture.

I'm not unsympathetic to their situation, just parsing out that the total drop in RE value vs real expenditures isn't really an apples to apples comparison.