heatin oil how  high prices affect home owners?
114099
They have to pay more to heat there homes in the winter.
506424
Gas prices are going up everywhere for a variety of reasons, not all of which are "greedy oil companies." But I won't go into that.\n\nBecause of the mild winter we've just experienced, there is quite a bit of oil supply right now. I think prices will drop soon.\n\nBest of success.
1120306
You're absolutely right.  I saw some stats the other day that showed the developments in earnings for the rich, middle class and working poor and the income for the middle class group and the working poor have decreased, whereas the rich got richer. Thanks to everyone who voted for Bush and a republican congress.\nHow this happened: Long story. Lots of factors figure into it, but put simply, the fed lowered the interest rates which allowed more people to go out and get cheaper home mortgages. The real estate people jumped on it and said to people: Look, you can jack up the sales price for your home by x % because the buyers can get a bigger loan now that the interest rates are low. So one seller does it, the neighbor then jacks up the price a little more because they have a "comparative" number. ... people went for it. Interest rates dropped and dropped and the prices went up and up.\nNow, the interest rates are going back up and nobody wants to sell at a loss, so those people who bought their homes at high prices and have to sell are beginning to have difficulty selling or have to sell at a lower price. The realtors are trying to keep the prices high because they're making a killing off of this market. Builders are making a killing also because they benefit in the same fashion. They are competing against existing home owners by selling crappy built, but new, homes for the same price as a private homeowner and still make a fortune. \nThis will probably continue for a couple more years and as the rates continue to go up, a lot of people will get hurt. The foreclosure rates are already at their highest point in 6 years. People will be forced to rent, but rental rates are going up like crazy because no landlord wants to take a loss, esp not if they bought at a high price.\nThis is a capitalist society and unfortunately few people care what happens to others (dog eat dog mentality). So if you're in a low wage field, you probably suffer the most. I think it'll get a lot worse before it gets better. If we get the democrats next, they'll raise taxes but wages will not keep up. We're in a no-win situation. Think hard about who you vote for next time.
65136
Here is what I learned:\n\nMedia is not your friend, all they want is attention and get tune on.\n\nHousing market is not tied to interest rate, 'cause even if the rate increased by 0.5%, it will only increase payment $8 per week for avg. american family. But the real estate is tied to employment, if people don't have jobs, the last thing they buy is a house. So check the turn time for a house to get sold, and if the price is going up or down, with local real estate professional. And check employment growth.
808497
Oil prices are not very elastic.  Once demand exceeds supply, the price will skyrocket.  Excess production capacity is marginal supply that comes into play when the price goes up.  It may be a well that costs more to operate until oil is at $70 a barrell.  If demand is really great, then this capacity is used up.
446335
Major Factors affecting price:\n\n1. OPEC's supply (inverse relationship... lower=higher)\n\n2. cost and ability to refine \n\n3. taxes imposed by local, state and federal government\n\n4. consumption (demand)
533025
The increase price of oil causes the costs of producing or shipping other products more expensive which cause inflation.  Therefore, the Fed has to raise interest rate to fight inflation.\nYou are correct, more people will be able to buy homes if the interest rate is low because they can afford more.
1079598
Construction companies, sweat shop type companies will be effected, but like so many causes, after a time when the heat of the moment passes, things tend to go back to what was working before the white-hot focus of the media and politicians is gone. \n\nHunger persists, AIDS persists everything is put in the microscope and is replaced pretty quickly. Illegal immigration will too. The consumers may pay for some inconveniences, but I don't think it will be like gas prices.\n\nSo why are gas prices going up? Supply and American's insatiable demand. If the government wants to solve a problem, ban gasoline powered cars. (An actual plan that could work would be a systematic phase out of gas powered cars.) Without them America would come up with something really quick to solve our lazy need for foriegn oil!
391496
oh it effect more than just stock in the "oil" market... it effects everthing.  from stocks to futures.  it is complex, if i were you i would go to the wall street journal
1071993
If we get rid on Mexican works your going to see a whole lot of price increases.  I'm sorry but I have had two houses built and Mexican workers are the best hands down.  They work their butts off and do an excellent job.  In Texas they estimate that 80% of homes are being built by illegal immigrants.  If you took that 80% away no one could afford to by a house.\n\nDon't give me this crap that American's would do these jobs because they wont.  The ones that do will half ass it.  Americans expect lots of money for little to no work.
502497
well the house prices will go up as well as everything attached that which is to say, all cost of living. With local salaries catching up sometime in the future (but not now). Will also raise the price of produce or whatever the agricultural zone was used for (dairy, meat, etc....) and of course that in turn will cause more pollution, less available oxygen which will in turn cause the democrats to spend more tax dollars on trying to rectify that. that's how it will affect the economy.
993916
My opinion is only worth two points.\nBut the chance of oil topping $100 per bbl is greater than its dropping under $50.
202996
I have! Oil prices go down and gas goes up. Supplies increase the price at the pump goes up. The 2nd biggest oil deposit in the world comes under U.S. control.... You get the idea. Enough is enough. His friends have all made a buck on this insanity, let's go back to $1.00 a gallon.
645884
Actually, many different factors affect the 'per barrel' price that we hear about on Money Talk and other programs like that. Part of it is the amount of oil which has been produced and is available to be shipped (in that sense, yes the US production adds to the giant pool and drives the price down). However, the price is also affected by speculation, where traders buy up future oil production because they think there will be problems. But most of all, you have to remember that this is not a Soviet-style planned economy, no matter what some people on this site complain or hope. The oil is only 'ours' so long as it remains in the ground; once it is pumped out, it is the property of a multi-national corporation that may do with it whatever it feels will benefit its stockholders. If they feel they can get a better return than the market states by shipping it to China or Japan or Luxemburg, they are perfectly free to send it there; if that causes future US prices at the pump to go up, that is perfectly legal. Also, if the market says a barrel of oil is selling at $70.00 a barrel and the company pays only $20.00 to extract a barrel from a well that they control, the company has just made a profit of $50.00; if it costs them $80.00 to extract that barrel, then the well will be shut down until such time as the well will become profitable in the future, as the earlier answer had pointed out in Michigan. Again, that is perfectly legal.\n\nYes, the oil reserves of the United States are immense but, as is stated so often in this site, those reserves are often in places which are too remote or too expensive to work, or areas that are believed to be too ecologically or culturally valuable to be made available for drilling. This is another reason why the debate over domestic drilling is so often bitter. Some people feel a baby seal is more valuable than a gallon of high test, some people feel that if the seal is so worried about staying alive maybe it should get off of its butt and start evolving into something more valuable.
804446
I don't know how good the prices in your area are, but right here in Miami we are also in the so-called  "Buyer's Market" and the prices for crappy homes that need tons of repairs and are small are in the $300,000 and up!\n\nAnd did I mentioned, most of them are in not-so-good neighborhoods where crime is soaring. So i hate to see what would be like if this was a "Seller's market"...
332984
Hmmm...Not really sure.\n\nI know that the "price freeze", if instituted by the government, would only apply to the actual sale of gas.  The price of oil COULD continue to rise (the foreign stuff (a LOT)), which would mean less of a profit for the oil companies, who buy the oil & refine it into gasoline.\n\nI can't exactly aswer your question, but a price freeze may not help.
1028159
Unfortunately POP is looking at a blogger from San Francisco. In the Phoenix area we are seeing an influx of around 500 families per month.  What we are experiencing is a market correction.  Yes, prices have increased at an alarming rate over the last couple of years, and yes there are many people who have taken out adjustable rate mortgages, but we shall see what we shall see.\n\nWhat I can tell you for sure is that as of this very second there are 42,728 active listings in the Arizona Regional Multiple Listing Service.  Which is about a tenfold increase from two years ago but the average price on a 3 bed 2 bath home in the active listings is $459,614 with an average of 75 days on the market. So the bottom hasn’t fallen out yet.  I think that prices may continue to drop as the temperature goes up. \n\nOverall I think the best advice that I can give you is don’t panic.