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RE: Home sales plummet - 8/25/2010 7:12:57 AM   
Sanity


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Each time our comrades claim savings but each time the evidence proves that it costs more, and theres no denying that.

Yet here you are once more trying to pull that same familiar wool over everyones eyes... 

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RE: Home sales plummet - 8/25/2010 7:20:48 AM   
mnottertail


Posts: 60698
Joined: 11/3/2004
Status: offline 		single payer costs more?  please state your citations for that little bit of asswipe.

between the two of us, you are the one who has dishonestly characterized links, been found 180 degrees incorrect in your statements,  and a wide number of people have pointed that out to you. In writing. On these forums.

Theres no wool here, but I see your hands are in the sheepdip.

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RE: Home sales plummet - 8/25/2010 7:27:38 AM   
VideoAdminSigma


Posts: 1016
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Let us talk about home sales plummeting for a while, since we are here already, shall we?

VAS 

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RE: Home sales plummet - 8/25/2010 7:34:57 AM   
GreedyTop


Posts: 52100
Joined: 5/2/2007
From: Savannah, GA
Status: offline 		*runs in to tacklehug Sigma*   *runs out*

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RE: Home sales plummet - 8/25/2010 7:38:08 AM   
tazzygirl


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Sorry VAS.... meant for its own thread!

< Message edited by tazzygirl -- 8/25/2010 7:39:08 AM >

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RE: Home sales plummet - 8/25/2010 8:22:00 AM   
brokedickdog


Posts: 114
Joined: 8/13/2010
Status: offline 		popeye, can you provide links to your sources of information on that (housing prices still being too high)?

Not to automatically doubt or disagree I'd just like to see them for myself.

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RE: Home sales plummet - 8/26/2010 5:47:55 PM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
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Status: offline 		I was listening to NPR this PM whilst waiting for some drugs, and there was a bit on an ex-Fed director who is going to Jackson Hole to tell the assembled financila geniuses that the fed needs to stop paying interest to banks who are parking their money there, rather than lending it out to small and medium-sized businesses. That's why the economy can't get better; the banks aren't being forced to lend. They should be charged a fee for parking funds at the Fed rather than being paid interest..

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RE: Home sales plummet - 8/26/2010 5:50:29 PM   
willbeurdaddy


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quote:

ORIGINAL: Hippiekinkster

I was listening to NPR this PM whilst waiting for some drugs, and there was a bit on an ex-Fed director who is going to Jackson Hole to tell the assembled financila geniuses that the fed needs to stop paying interest to banks who are parking their money there, rather than lending it out to small and medium-sized businesses. That's why the economy can't get better; the banks aren't being forced to lend. They should be charged a fee for parking funds at the Fed rather than being paid interest..


too bad NPR doesnt understand that small and medium sized businesses dont want their money right now.

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RE: Home sales plummet - 8/26/2010 6:31:37 PM   
Marini


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quote:

ORIGINAL: StrangerThan

http://finance.yahoo.com/news/Home-sales-plunge-27-pct-to-apf-2949326144.html?x=0

Two years ago, this type story would have been a shocker. Now? It's just another nail in some coffin. Which coffin is the big question.




Does anyone else wonder how much lower prices can go?

Also, how long do you think interest rates will be at these historic low levels?
I am hoping they will still low for a long time.

How could interest rates go up any time soon, at a time like this?

< Message edited by Marini -- 8/26/2010 6:33:34 PM >

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RE: Home sales plummet - 8/26/2010 6:40:47 PM   
Marini


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quote:

ORIGINAL: StrangerThan

Aside from the unemployment numbers, the under-employed rate is just about as scary. It basically tells you right there that jobs gone, are not equal to whatever jobs are coming back. And I agree with you when it comes to outsourcing. It is a sound business decision but is not a sound economic decision where the US is concerned. We're basically cutting our own throats.


Cutting our own throats?
The throats were cut and slashed a long time ago.
Its like a horror movie, and the waking dead are just starting to realize that their throats have been cut.

The housing industry is in turmoil, we have thousands of homes in foreclosure, and I predict many homes will be sitting empty for years.
Than the prices for those empty homes will drop even further.

Bye Bye Ms. American Pie!

http://www.opednews.com/sherry1103_outsourcing2.htm

< Message edited by Marini -- 8/26/2010 6:52:41 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

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RE: Home sales plummet - 8/26/2010 6:44:11 PM   
servantforuse


Posts: 6363
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Status: offline 		It doesn't matter how low the rates are. With unemployment still at 16 %, no one will be buying homes.

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RE: Home sales plummet - 8/26/2010 6:51:08 PM   
willbeurdaddy


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quote:

ORIGINAL: Marini

quote:

ORIGINAL: StrangerThan

http://finance.yahoo.com/news/Home-sales-plunge-27-pct-to-apf-2949326144.html?x=0

Two years ago, this type story would have been a shocker. Now? It's just another nail in some coffin. Which coffin is the big question.




Does anyone else wonder how much lower prices can go?

Also, how long do you think interest rates will be at these historic low levels?
I am hoping they will still low for a long time.

How could interest rates go up any time soon, at a time like this?


Residential prices have actually stablized and even increased in many areas.

Youve asked the wrong question on interest rates...it should be "how could interest rates NOT go up anytime soon?" The answer to that one, is as long as the Fed is willing to risk deflation these aritifically low interest rates won't budge very much. As soon as deflation becomes more feared than recession/depression interest rates will rise precipitously.

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RE: Home sales plummet - 8/26/2010 6:54:24 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline 		In the area that I live in {Northern Virginia}, the prices of homes HAVE increased.

According to this very interesting link, the prices of homes may not be decreasing nationally, BUT the housing industry is in serious trouble.
The housing industry over-all is in a state of crisis.

http://paper-money.blogspot.com/

< Message edited by Marini -- 8/26/2010 7:11:52 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to willbeurdaddy)
Profile   Post #: 33
RE: Home sales plummet - 8/26/2010 6:57:39 PM   
willbeurdaddy


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quote:

ORIGINAL: Marini

In the area that I live in {Northern Virginia}, the prices of homes HAVE increased.

But, I don't think that is the national average, let me find a link.


I agree...national average hasnt increased significantly, and wont as long as there are so many foreclosures on the market.

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Hear the lark
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to the barking of the dogfox,
gone to ground.

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Profile   Post #: 34
RE: Home sales plummet - 8/26/2010 7:01:46 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		9% of home owners missed a mortage payment last month. This economy has not hit bottom yet.

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RE: Home sales plummet - 8/26/2010 7:10:13 PM   
willbeurdaddy


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quote:

ORIGINAL: servantforuse

9% of home owners missed a mortage payment last month. This economy has not hit bottom yet.


Not even close. And if a miracle happens and the Dems keep the House in November the bottom cant even be seen yet. It will take years to recover from the damage this administration and the Dem controlled Congress did in 2007 and 2008, but if there is no light at the end of that tunnel banks are going to have to charge $50 an ATM transaction, because nobody is going to be borrowing anything to fuel their profits, and economic growth will be impossible.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

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Profile   Post #: 36
RE: Home sales plummet - 8/26/2010 7:14:49 PM   
Marini


Posts: 3629
Joined: 2/14/2010
Status: offline 		Willb, since you have been "behaving" lately, let me ask you a serious question.

Most people realize that we have had economic problems for almost 4 years, LONG before President Obama was elected, in your heart and soul can you not ADMIT that Bush played a large part in this???

Tell the truth, and be set free.

I found a great link, that I believe gives an honest attempt to visually show how the "housing crisis" started!
Worth bookmarking.
The wheels on this "housing crisis" bus started coming off at least 4-5 years ago.

http://www.mint.com/blog/finance-core/a-visual-guide-to-the-financial-crisis/

< Message edited by Marini -- 8/26/2010 7:26:07 PM >

_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to willbeurdaddy)
Profile   Post #: 37
RE: Home sales plummet - 8/26/2010 7:26:43 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
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quote:

ORIGINAL: Marini

Willb, since you have been "behaving" lately, let me ask you a serious question.

Most people realize that we have had economic problems for almost 4 years, LONG before President Obama was elected, in your heart and soul can you not ADMIT that Bush played a large part in this???

Tell the truth, and be set free.


I disagreed with GWB on "no child left behind", you cant improve education by throwing money at it. I disagreed with him on the prescription drug act, although that has actually performed pretty well. I disagreed with the continuation/creation of subsidies that distort the market. I disagreed with him on aid to foreign countries that show no allegiance to the US.

On the other hand he helped steer the economy through 9/11 despite coming off the dot.com bubble. His policies helped keep interest rates low to keep the deficit from growing under the burden of already existing debt. His tax cuts were an important stimulus that is about to disappear further sinking this economy. He tried to rein in Fannie and Freddie and was shot and shouted down by Dodd/Frank/Waters and company.

The cost of war is eye of the beholder. I believe it was necessary spending, many others wouldnt.

So was he a fiscal conservative, totally blameless for the current economy? No. But his sins in 8 years dont come close to the Obamination we've seen in less than two.

and btw, Ive always 'behaved'. Responding to attacks in kind when the moderators do nothing to stop them is behaving in my book.

< Message edited by willbeurdaddy -- 8/26/2010 7:28:04 PM >

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

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Profile   Post #: 38
RE: Home sales plummet - 8/26/2010 7:31:11 PM   
Marini


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I certainly agree with you on the NCLB.
You didn't come out and admit, GWB played a large part in this housing/financial free fall we are now in.

BUT, I can see you "sort of" agree GWB was involved!
Maybe we can help "de-program you" , and help you continue on the path of seeing the truth!

Yeah!! WillB!!!


_____________________________

As always, To EACH their Own.
"And as we let our own light shine, we unconsciously give other people permission to do the same. "
Nelson Mandela
Life-long Democrat, not happy at all with Democratic Party.
NOT a Republican/Moderate and free agent

(in reply to willbeurdaddy)
Profile   Post #: 39
RE: Home sales plummet - 8/26/2010 7:36:27 PM   
servantforuse


Posts: 6363
Joined: 3/8/2006
Status: offline 		If you believe that GWB is responsible for the housing collapse, just what did he do to cause it. ? The dems controlled congress.

(in reply to Marini)
Profile   Post #: 40
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