Home Buyers disappearing??

[Dale Osborn]

In some areas of the USA, it seems like the people interested in buying homes are disappearing. Perhaps too many have been taken in by the mortgage scams. Perhaps they have a friend that lost their home after 15 years of ownership. If you have a home for sale, all that call are looking to see if you would rent the property. Having done that in 1982, we are not interested in renting out homes. We now are more interested in selling.

In some areas of the USA they are bulldozing homes so the home builders and others can start the cycle all over again. These homes could have been fixed, but investors were not given an opportunity to buy these homes.

Is it a conspiracy against home ownership? Are people too scared to buy now as they do not want to lose their home to shysters? What is happening in your areas?

[Chris Clothier]

There is reason to be optimistic. Americans have reduced our household debt by over $800 Billion since 2008 and our savings rate is up 23% since 2006. Housing starts have to be 1.4 million yearly (i believe) to keep up with population growth and have been averaging around 450,000 for a couple of years, so there will be a housing shortage sooner rather than later. When the time is right, home sales will pick up and you see a good percentage of the population able to take advantage.

Chris