Dec. 15th, 2006
Bad news, says Business Week.
What they're saying is bad news is that the value of a home will not continue to inflate /just for being a home/, at least not as fast. It might, in fact, lose value.
It is saying that it is bad news /that the over cost of living under a roof is not going to increase as fast/.
The majority of Americans aren't speculating in real-estate. The value of homes only matters to them when they go to move - and this can only hurt them if they're moving from a more expensive property to a less expensive one. (Or they want to move from any area of falling-value to an area of lesser-appreciation, but assume most Americans who move do so within the same general region.)
That's right, America. Corporate Business Sensibility says being easier to own a home is Bad News.
The less-than-festive consensus: Home prices will continue to fall in some markets, and the rate of price appreciation will slow in most places.
What they're saying is bad news is that the value of a home will not continue to inflate /just for being a home/, at least not as fast. It might, in fact, lose value.
It is saying that it is bad news /that the over cost of living under a roof is not going to increase as fast/.
The majority of Americans aren't speculating in real-estate. The value of homes only matters to them when they go to move - and this can only hurt them if they're moving from a more expensive property to a less expensive one. (Or they want to move from any area of falling-value to an area of lesser-appreciation, but assume most Americans who move do so within the same general region.)
That's right, America. Corporate Business Sensibility says being easier to own a home is Bad News.