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WSJ's profile
The Wall Street Journal
The Wall Street Journal
The Wall Street Journal
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@WSJ

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The Wall Street JournalVerified account

@WSJ

Breaking news and features from the WSJ.

New York, NY
wsj.com
Joined April 2007

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    The Wall Street Journal‏Verified account @WSJ Jan 26

    A charming cottage in a coastal Alabama subdivision became an albatross for WSJ reporter Ryan Dezember when the housing crisis hit​ in 2007. It dropped to less than half the value of the mortgage. Like many Americans, he has spent years digging out.http://on.wsj.com/2FlqKE5 

    2:00 PM - 26 Jan 2018
    • 30 Retweets
    • 36 Likes
    • Seema Shah Marcia Eldridge Charles Atkinson Kramp'D StevenASmith Nessus Amir Safayan Treyrama J O'Hara
    4 replies 30 retweets 36 likes
      1. New conversation
      2. J O'Hara‏ @specklight Jan 26
        Replying to @WSJ

        When buying a home you don't plan to keep for 20+years, no matter your income, if you are not a 40 minute ride to a major airport, do not spend more than the average local person in town can afford to pay. If further from an airport, evaluate why you want to buy there at all.

        1 reply 0 retweets 0 likes
      3. Add your name‏ @anderton88 Jan 27
        Replying to @specklight @WSJ

        He is about 40 minutes to two airports and the beach.

        1 reply 0 retweets 0 likes
      4. J O'Hara‏ @specklight Jan 27
        Replying to @anderton88 @WSJ

        This was more important.🔽*Maybe* if they bought @ 120K or less it would have sold quicker. I'm sure many would choose a longer drive and live near Pensacola if they worked in that region. Glad he found renters and was able to eventually sell.pic.twitter.com/ICbWGa1B58

        0 replies 0 retweets 1 like
      5. End of conversation
      1. W P "Tink"‏ @TinkWMobile Jan 27
        Replying to @WSJ

        Well written, however left out key fact, did not buy in good neighborhood.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Bull Moose Progressive Party‏ @wynntx1 Jan 26
        Replying to @WSJ

        Low interest rates by Bush, Obama and Trump caused inflated housing prices. We wish someone would tell people that higher interest rates brings down prices. You got screwed by the Republicans by keeping interest rates to low for the rich. Hurt the rest of us.

        1 reply 0 retweets 0 likes
      3. Add your name‏ @anderton88 Jan 27
        Replying to @wynntx1 @WSJ

        Wrong. The change in the way the feds made the GSE (Fannie/Freddie) lend money to broke folks so everyone could own a home (Dodd-Frank) caused a buying frenzy and speculation (flips). Interest rates came down because of all the money that flooded the housing market out of bonds.

        1 reply 0 retweets 0 likes
      4. Bull Moose Progressive Party‏ @wynntx1 Jan 27
        Replying to @anderton88 @WSJ

        Ya Right get a job.

        1 reply 0 retweets 0 likes
      5. Add your name‏ @anderton88 Jan 27
        Replying to @wynntx1 @WSJ

        It is my job. I saw from the front row.

        1 reply 0 retweets 0 likes
      6. Bull Moose Progressive Party‏ @wynntx1 Jan 28
        Replying to @anderton88 @WSJ

        Everything you said is BS and wrong. Trumps new motto: MSRA (My Stupidity Ruining America)

        0 replies 0 retweets 0 likes
      7. End of conversation

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