Motorhome Magazine Open Roads Forum: Class A Motorhomes: Fallout


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SunflyerA

Andover, Minnesota USA

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Posted: 09/12/08 08:48am

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newxmar wrote:

My guess/feeling/opinion is that about 90% of the home owners have no mortgage or have the resources to pay their mortgage because they purchased a reasonable home for themselves and their income. All the noise, bailout and economic impact/mess is because the other 10% did wrong and the government wants to bail them out/pay for their mistakes and the mistakes of others (the bankers, builders and gross speculators).

We that did right will pay (via a tax/job loss/etc.) for the mistakes of others.

PS: If the price of fuel had remained the same, we would have the same housing mess.

The price of oil has a much greater impact on our economy than just the fuel we use....Industry is greatly impacted....our economy took the hit because oil went through the roof.....the housing mess is a symptom of a root cause....if peoples disposable income had remained unchanged they would have serviced their debts and the housing market would continue....Consumers with disposable income drove the prices on the housing market.

sunflyer

2005 Fleetwood Excursion 39S
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LVJ58

Las Vegas, Nevada

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Posted: 09/12/08 10:31am

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And what affects the price of housing if not the price of fuel? This is the root cause for many ills

AMEN TO THAT

Jim & Sherry Seward, FMCA #F342207
2000 Residency 3790 V-10 w/tags
2003 Suzuki XL/7 Towd

pfunk

Shelby Township, MI

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Posted: 09/12/08 11:20am

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cheap smaller homes are holding value per square footage, and in places whare people really want to live (old money) we bought in the median, A fixer upper where the land was worth more then the house and are in process of rebuilding,, sweat equity. We sold my bacholer pad (cookie cutter starter home) for really good price 3 years ago,, actually had a bidding war

2000 Holiday Rambler Endeavor
300 Cat 6spd Ally

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Open Roads Forum > Class A Motorhomes

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