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Neighbor News

“Realty Check in Stupidity by Diane Olick”

Reality check

“Realty Check in Stupidity by Diane Olick”
http://www.cnbc.com/2017/06/06/fast-rising-home-prices-finally-hit-a-wall.html


You talk about “Fake News”. It is not surprising that CNBC gives this
ill-informed real estate prognosticator a platform. Her point is that
home appreciation in March was 7.1% and in April it dropped to 6.9% and
values have hit a wall. Are you kidding me? This is a wall I never want
to see built. Most of us would be very happy with a 5-6-7% appreciation,
how about you?


http://www.cnbc.com/2017/06/09/rent-dont-invest-your-money-in-a-home-mortgage-says-a-new-report.html


Sure home ownership isn’t for everyone. There are many that should never own
a home, but most human beings in this country want to own a home. They
should continue to pay rents that continue to rise and what do they have
at the end of each year? Answer is a pile of paid rent slips instead of
an interest deduction to lower an income tax deduction and a place to
call home.

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