On the way to a new home by Livia Necasova

USA really is a dream country. Not always, but sometimes. At least if you wanna buy a house and don`t be encumbered with debts for the rest of your life, now it`s your chance. The real estate prices there are falling down by every single day. Some real estate agencies are selling the houses for discount prices and offering upgrades at the same time.. If that isn`t great. Well it`s not that great for the US-economy. The prices of real estates are rapidly sinking and the economy is facing a recession. The value of a house is not the same anymore, compared to the last year. Which means that if you have bought a house back in 2007 for lets say, 300.000 dollars, and you want to sell it now for 320.000, you can forget about that. You need to lower the price back on 300.000 or go even beneath that, so you can withstand with the competing agencies. Otherwise you won`t sell anything. Nobody is gonna buy your house for 300.000 if some estate agent offers him a house 20 metres away from your house for 270.000.That`s called business. Even if yours is looking more prettier. Well,while the US real estates prices are sinking, the prices here in Europe are climbing up high to some astronomic numbers. 300.000 dollars is approximately 200.000 euros. For 300.000 dollars you can buy a big house with garden, but for 200.000 euros you can hardly afford a house. You can buy a condominium but not a house. So for everybody who is interested to move to the US or just wants to have another house somewhere ,buy a ticket and go for it before they start rising again.

related story: http://news.yahoo.com/s/ap/20080226/ap_on_bi_ge/home_prices;_ylt=AvPKqSdraNZDmiPvrmnDS9Gs0NUE

by Livia Necasova for PocketNews (http://pocketnews.tv)

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