Tag Archives: pt our nation’s most oppressed minority

  our nation's most oppressed minority

Rich People Missing Out On Housing Rebound

Sad news! While sales of peasant dwellings have begun to creep upward due to the first-time home buyer tax credit, low mortgage rates, expanded FHA loans, and of course FIRE SALE PRICING on foreclosed homes, homes costing more than $750,000 have been difficult to move in this market. Wealthy home owners (or “the middle class,” as they’re known in pricey markets like New York, DC, and the Bay Area) are finding it difficult to sell their million-dollar shacks. However, at least some of them are able to rent out their sad dwellings for, oh, $7500 a month, so don’t feel too bad about this problem yet. Read more on Rich People Missing Out On Housing Rebound…