Quote:
Originally Posted by astronaut x
Housing market is back up and continues to climb. Stock market is back up. People who lost 35-50% of their value in IRA's when the recession hit, have seen that money return and continue to gain value.
|
I thought the stock market has been tumbling down horribly for the last couple of weeks?
Also...the housing market may be another bubble according to some of the reports I've seen on financial shows on cable.
It might be completely artificial because of the Fed keeping interest rates so low.
I hope the hell I'm wrong about that. My home cost me $720,000 in 2008. And a month later it dropped to $480,000 when the crash hit.
It's just now up to $515,000 after 7 years of Obama's "recovery".
I hope the housing market will continue to climb. But it's FAR from being "back up". Very far.