BoBo77 asked:


When the housing industry & economy is as poor as it is now, does it have an effect on home appraisals? We remodeled our entire home and were hoping to get back close to what we had invested. However, the appraisal came back much lower than we expected. Is this because of the current housing industry and the economy?

Victoria

eliasulmonte asked:


The American economy is driven first and foremost by consumer spending. Some think that this crisis will trickle down into the rest of the economy and snag businesses and people who have poor credit ratings and limit everyone’s ability to finance large purchases, thus hurting those who are selling those large purchases, thus… well, you can see the dominos… Also, the net worth of the average consumer is sliding as the value of his home corrects. Others believe that this is far smaller than past crises such as the S&L shakedown during the 80’s. The economy then barely burbed. Please give me your opinion, and more importantly, direct me to an interesting article on the subject.

Oh, and one more thing, New Jersey, your property taxes are atrocious, and I’m leaving your economy by the end of the year.

Carlos

wakeflawchic asked:


I am in an apartment renting, and I really want to get out of it and actually buy a house. But some people have told me that since the economy is so low right now, that I should just wait…But since interest rates are going to get lower, wouldn’t it be a good time to get a house?
I just want to know how the economy being so low actually ties into whether or not buying a house now is a bad decision.

Avery