Comments on: Tucson Good News and Bad News for the Local Housing Market http://www.tucsonazrealestateblog.com/tucson-real-estate-news/tucson-good-news-and-bad-news-for-the-local-housing-market/ & What it is like living in Tucson Thu, 09 Feb 2012 01:34:28 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dave Smithhttp://www.tucsonazrealestateblog.com/tucson-real-estate-news/tucson-good-news-and-bad-news-for-the-local-housing-market/comment-page-1/#comment-4941 Dave Smith Tue, 23 Dec 2008 18:07:09 +0000 http://www.barbaralasky.com/tucson-real-estate-blog/tucson-real-estate-news/tucson-good-news-and-bad-news-for-the-local-housing-market/#comment-4941 AzLady1, I posted this back in July, things have changed dramatically since. I don't call those investors I refer to them as gambling speculators. We don't ever need them back in our real estate market. As to retirees, that's not going to happen. They will keep coming no way to stop them. The weather is too attractive. The banks actually started this, well not the banks, banks as we know them, the investment banks which funded no docs loans, without this source of funding the speculators would never have entered the market. They are the ground zero for the mess. Arizona Salaries . . . AzLady1,

I posted this back in July, things have changed dramatically since. I don’t call those investors I refer to them as gambling speculators. We don’t ever need them back in our real estate market.

As to retirees, that’s not going to happen. They will keep coming no way to stop them. The weather is too attractive.

The banks actually started this, well not the banks, banks as we know them, the investment banks which funded no docs loans, without this source of funding the speculators would never have entered the market. They are the ground zero for the mess.

Arizona Salaries . . .

]]> By: Azlady1http://www.tucsonazrealestateblog.com/tucson-real-estate-news/tucson-good-news-and-bad-news-for-the-local-housing-market/comment-page-1/#comment-4940 Azlady1 Tue, 23 Dec 2008 18:00:10 +0000 http://www.barbaralasky.com/tucson-real-estate-blog/tucson-real-estate-news/tucson-good-news-and-bad-news-for-the-local-housing-market/#comment-4940 Until the investors and out of state retirees leave Arizona, and until the housing prices become aligned with Arizona Salaries, and most recently until the banks start lending money, the housing mess will not resolve. The Greedy investors started this mess causing the prices to escalate then the lenders added to the mess developing funky loans for people afraid the costs were going up so rapidly they would never get a home. Until the investors and out of state retirees leave Arizona, and until the housing prices become aligned with Arizona Salaries, and most recently until the banks start lending money, the housing mess will not resolve. The Greedy investors started this mess causing the prices to escalate then the lenders added to the mess developing funky loans for people afraid the costs were going up so rapidly they would never get a home.

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