Sentences with phrase «destroyed the housing market»

Not exact matches

Anecdotally, you could see this bias come in to play if you hear one millennial homeowner talk about how they've achieved some degree of financial success due to their own hard work, and another millennial blame their inability to buy a home on a housing market that was destroyed before they got there.

The Federal Reserve and their army of economists have created another fine mess in the U.S. housing market, destroying real price discovery and distorting the real value of a home which is end - user shelter.

So both sides had incentives to burn buildings — the buildings were actually insured for more money than they were worth as rentals, and if the building was destroyed, you could build free - market housing on the site while paying very low property taxes when it was vacant.

Look at what almost destroyed the banking industry along with the housing market back in 2008 happened precisely because people bought in at a low - interest rate and forgot that in a short period of time 4 to 5 years the rate would then go up to whatever the market would bear at the time.

In the case of a catastrophic earthquake (enough to destroy a home past the deductible) prices would drop significantly, the housing market would be significantly impacted.

Any changes to the mortgage interest deduction now or in the future could threaten recent progress toward stabilizing the housing market, critically erode home prices and values, destroy middle - class wealth accumulation and hurt economic growth.

TREB's own survey found that foreign buyers actually had little effect on the market, and it was the chilling effect of the fair housing act that destroyed what was a health Toronto real estate market.

by Stephanie Vernon on November 14, 2013 in Legal Issues Years later the housing market is still feeling the effects of the crash that almost destroyed America's real estate industry.