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IPFS News Link • Housing
Current News | Contents By Subject
Additional Related items you might find interesting:Related items:
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Economy - Economics USA
When Will Housing Units Under Construction Impact the Price of Rent?
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Building and Construction Materials
Housing market affordability is so strained that Home Depot is selling tiny homes for $63,000
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Housing
The 'growing crisis of the young American male' could send home prices falling for years...
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New York
Jon Stewart is accused of bumping the value of his NYC penthouse by 829 PERCENT after ranting...
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Social Networking/Social Media
Venezuelan migrant influencer who sparked fury with TikTok squatting tips is a fugitive...
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Housing
Report: 44% of all Single-Family Home Purchases were from Private Investors in 2023
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Economy - Economics USA
The Wall Street Takeover: How Corporate Landlords Are Reshaping America's Housing Market
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New York
JUST IN: 2 squatters vacate Queens home after national backlash, 1 says he's staying
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Housing
Existing Home Sales Unexpectedly Exploded Higher In February... And So Did Prices
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Economy - Recession-Depression
Housing defaults are now at the highest levels in a decade
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Economy - Economics USA
1 Comments in Response to Case Shiller: The 15 Housing Markets That Will Fall The Most By 2012
Obama’s deficit commission recently made proposals to balance the federal budget that include—eliminating the home mortgage interest deduction. That would make current and future home ownership unaffordable for millions of Americans, if forced to use (after tax dollars) to pay non-deductible mortgage interests. No matter how much Obama raises taxes, he will not reduce the national debt, but continue to spend and tax Americans until they have nothing left; leaving Citizens insurmountable debt.
Government’s Elimination of Home Mortgage Interest Deductions would force home buyers to make low ball offers on houses, further driving down residential property values and property taxes local communities depend. More Local Communities would become dependent on federal assistance at U.S. Taxpayers' expense. It is foreseeable the U.S. under such circumstances could become a nation of young adult renters as senior Citizens die off next decade. Banks could disintegrate if their huge inventory of home mortgages secured by (houses) continue to drop in value. American taxpayers can't afford to cover millions more defaulted home mortgages or pay upkeep on millions more foreclosed empty homes with defaulted mortgages that U.S Government insured.
Many Americans strongly believe Obama intends to destroy the U.S. economy to accomplish a leftist ideology. Whether or not that is true, Obama appears headed that direction, taking Americans on a ride into an economic abyss they might never recover.