Originally Posted by Kevin Marx

Question: How many of those houses sold for the value they went empty at?

My street went through the same process. We have a full street again and all the houses that went under sold for almost 1/2 of what they went foreclosed value at. I'm not sure I call that progress or "better off" as my home value is almost the same it was over 12 years ago; but yeah, we have a full street again and 4 people got smokin deals on homes in a very nice location.

The foreclosures get dumped on the general population because the banks were saved. So in essence, my home value dropped and I also as a taxpayer now get to subsidize the new owners lessened home value. Not sure I would call that progress or better off either.

I posted in another thread. A lot of the shit that happened was during and because of a Democratic Congress. A president doesn't operate in a vacuum by himself. Bush wasn't a great president, but neither is Obama. Shit is moving and happening because Americans are innovators and survivors, not because a president is doing things to help the citizenry. Government tends to get in the way of people. The only reason legislation is necessary is to act against abusers. Moral and ethical people need no legislation to exist.