Unemployment And Housing Situations Worse Than You May Think §

[poetpaladin]

 
Unemployment Is Higher Than You ThinkThe government gives the unemployment figure of 7.2 percent nationwide. Economists say we aren't headed towards a Great Depression because back then unemployment was more like 25 percent

Comments

[i_amsherlocked]

as scary as the housing market is right now, I want to buy a bigger house and the cheaper the better! although I think it would be tremendously funny to find a house twice the size of our current one (which is 3 bed 1 bath, 980 square feet on a huge lot) for less money than what we are paying for our current house. (We would rent this one out and we got a wonderful price when we got it)

[poetpaladin]

If you are looking now then I'd consider a foreclosure. Otherwise, sometime around 2011 to 2015 would be a good entry point. :)

[moon_reborn]

Someone told me that there's at least 7 foreclosures on my street alone. It's just scary.

[poetpaladin]

A one bedroom plus loft condo in our neighborhood recently went on the market for $240,000. A neighbor near us bought practically the same floor plan for around $320,000 or so about a year ago.