Comments on: “I Don’t Wanna Give It Away…” http://blog.mdsuburbanhomes.com/2009/07/11/home-prices/ Trends, Tips & Thoughts about the Real Estate Market in the Beautiful MD Suburbs of DC Sat, 24 Jul 2010 12:04:13 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ken Montville - The MD Suburbs of DC http://blog.mdsuburbanhomes.com/2009/07/11/home-prices/comment-page-1/#comment-895 Ken Montville - The MD Suburbs of DC Sun, 12 Jul 2009 17:05:40 +0000 http://blog.mdsuburbanhomes.com/?p=1539#comment-895 Smooth, You have a point. I don't think the homes will be demolished, though. Eventually the banks will need to accept a price low enough to sell them to people who will fix them up to either live in, rent or re-sell. Thanks for visiting the Blog. Smooth,

You have a point. I don’t think the homes will be demolished, though. Eventually the banks will need to accept a price low enough to sell them to people who will fix them up to either live in, rent or re-sell.

Thanks for visiting the Blog.

]]> By: Smooth Ceilings http://blog.mdsuburbanhomes.com/2009/07/11/home-prices/comment-page-1/#comment-894 Smooth Ceilings Sun, 12 Jul 2009 16:42:25 +0000 http://blog.mdsuburbanhomes.com/?p=1539#comment-894 Unfortunately, we have discussed that houses do not continually increase in value. People used to buy a home and live a lifetime in it. Now, we think we have to move every 3-5 years, make a lot of money on the house and buy a house 3-5 times larger than we need. This makes us look wealthy and better than the next guy. Well, lots of people got burned on this theory and there will be a lot of fine, foreclosed on homes eventually demolished because there are no idiots left to buy them. Unfortunately, we have discussed that houses do not continually increase in value. People used to buy a home and live a lifetime in it. Now, we think we have to move every 3-5 years, make a lot of money on the house and buy a house 3-5 times larger than we need. This makes us look wealthy and better than the next guy. Well, lots of people got burned on this theory and there will be a lot of fine, foreclosed on homes eventually demolished because there are no idiots left to buy them.

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