Barefootsies

I am sure this comes as a news flash to those in Vegas, Miami, among many other places.

SOURCE

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Barefootsies

How could this POSSIBLY be when Obama is driving the country off a cliff!??!

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keysync

What does home prices have to do with whether or not he's driving us off a fiscal cliff?

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Barefootsies

According to the Romney ads... there are no jobs. Housing is in the toilet. All because of Obama.

It seems those pesky facts keep getting in the way.

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Harmon

Big fucking deal. The dollar is shit. It won't be long before you are buying a 2 br 2 ba shithole in east bumfuck Arkansas for $1,000,000 - it sounds good on paper, when in all actuality it's a joke.

How much was gas in 2003? Case closed.

Markul

If I sold my house I'd loose at least 150K USD ><

Vendzilla

Obama has the record for longest time above 8% unemployment since the depression.

Here's some more things he's done for the country http://www.forbes.com/sites/charlesk...of-government/

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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that

HushMoney

maybe because it's the worst economy since the depression??

Your genius never ceases to amaze me. The president doesn't control the economy, and anyone in his place would be just as fucked. Good God man, pull your head out of your ass.

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Interracialpass
Hushpass

Rochard

People don't seem to understand what just happened to us. We went through the worst recession since the Great Depression. Three years ago exactly half of the twenty houses on my street were empty. This isn't something that will be fixed in four years, or even eight years. What we just went through was fucking massive.

It's going to be a slow climb to get back to "normal". And along the way, we might need to redefine what the "new normal" is.

But clearly if McCain and Palin was in office, we would be much better off, right?

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L-Pink

2003 level? Hahaha not even close.

.

Best-In-BC

Not far from where it is now, lol

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baddog

How about bringing them to 1985 levels?

DWB

I call shenanigans.

There is going to be a whole lot of media spin on everything between now and the election (both directions). Obama MUST be able to stand in front of the voters and say he did, this, that, saved the world, everything is back to normal, and so on. He has to say this and the media, who everyone knows is corporate owned, if they want him to be in office, will release whatever "facts" they need to make it happen.

I said this would happen months ago. Housing market would appear to be better, unemployment will probably fall, everything is going to look like it is getting better. Obama wins, it's all falling right back apart. The root of the prob has yet to be addressed, thus there is no solution or recovery. There are only band-aids to stick on everything just long enough to dupe everyone once again.

mikesouth

Can you handle the truth.....

It aint Obama OR Romney that has us in this fiscal meltdown, it is all the Obamas AND Romneys. BOTH these sorry ass pandering parties got us in this mess and now the only way out will be to eventually toss BOTH Parties (which are really just one problem with two names) out on their sorry fucking asses.

thats my $0.02

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Mike South

It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.

shahab6

exactly,, i hate when people think the president is almighty. The only think the president can do is control the spending. And since there not much money to spend, his job is limited. The only thing he can do is end the war, and stop spending so much money on the war.. Which he is doing.

L-Pink

History shows that countries winning wars returned home rich with plunder. We certainty have 180'ed that concept.

.

mikesouth

Aint that the truth, we rescued Kuwait from Iraq, We maintain the ONLY military presence there to maintain stability yet they sell us their oil on the open market at no discount. Kuwait is a country that gives every citizen a house a college education and free healthcare....it aint like they cant afford to sell to us at a discount in exchange for our military presence.

Watch "The World Without US" Even the Kuwaiti's think we are insane to do that

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Mike South

It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.

PornMD

My property is worth less than half what it was when I bought in early 2007. This in the desirable-to-live San Diego.

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DWB

While there are many issues, the real root of the problem begins with the Federal Reserve. But you are correct in saying both of those tools, republicans and democrats, are to blame. And just like both sides helped put us in the shitter, both sides are going to continue to drive it into the ground. It is only going to smell pretty until the election is over.

Harmon

Are you that fucking dumb?
http://money.cnn.com/2003/03/10/news...ices/index.htm

BlackAndBlue

While I think a lot of people would like to believe that would remain the case (including me), I do some side work for local Realtors and a Mortgage Broker who have all gotten a strong indication from the banks they work with that something akin to 3MM foreclosed homes are going to flood the market at the end of the year, just around mid-November.

This will drive housing prices down again, and also allow more foreclosures by lenders that have been holding off on forcing new foreclosures, due to the catalog of properties they were already sitting on.

Obviously, your mileage my vary depending on your state/county. However the feeling among the people I work with is that this is a done deal. Hundreds of foreclosure listings are already starting to go out from banks with foreclosure catalogs into the pre-listing post stage of attracting Realty and Mortgage firms to advise clients of auctions, buyers info on how foreclosure sales differ from other transactions and lending opps concerning purchasing foreclosures.

mikesouth

totally with ya on the federal reserve....printing money with nothing to back it up is just insanity

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Mike South

It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.

Paul Markham

Stop telling the truth.

Mind you it's bad news for anyone who bought a house in 2007/8. Funding the inflation that finally burst the bubble.

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L-Pink

pornopete

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crockett

Most people are morons and get their information from 10 second sound/video clips. That's people you "might" call semi "informed", the rest spend their days browsing twitter & facebook and just believe every half assed rumor they read.

I can tell you for a fact that I have seen housing prices rise here in MA over the last few months. I've been shopping for a apartment building & I've noticed prices have been going up on the average, but there are still some that start too high and have to lower their price.

Penny24Seven

it is not true, at least where I live not even close to being true LOL, 2003 I sold my house for 255K, I bought the same exact house for 78K. The whole area is like this.

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crockett

Every market is going to be different.. It depends a lot on local jobs and how many houses are for sale/foreclosed on. You are probably in some area that has far too many upside down mortgages.

Barefootsies

Agreed.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

Barefootsies

Yep. I posted about that documentary. People can watch it on Netflix. Major eye opener.

I think Robbie needs to watch it. Not because I have anything against Robbie. But one of his staples is about us "policing the world". While I am not saying it's right or wrong... it is explained in that movie WHY we do what we do militarily.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

Barefootsies

When it first started, they said it would take a DECADE to climb out of it. But the media didn't think so. They were predicting 3-4 years. Sadly, it looks like it will take a GENERATION to get out of the real estate hole. I do not think there is going to be some magic HR office at the end of the road however.

Many people are going to have to accept reality that all they will ever have is low paying wages and crap jobs. Whether you want to blame hand outs, jobs going overseas, rich getting richer, whatever. The music's going to stop for many people who thought MTV cribs was one the entitlements on the Bill of Rights.

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Enough Said.

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Vendzilla

LOL, ok, so are ok with the 8% and you agree that the president doesn't control the budget, that the house and the senate does, right? The democrats took control of the house and the senate in January of 2007, Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee. 15 months before things went to shit.

Then after two years, the house, the senate and the presidency were all democratic controlled. They could have done anything they wanted and decided that people out of work was not as important as healthcare that would still leave 30 million uninsured and raise about 8 billion dollars a year in 2017 from people that would rather pay the tax than get health insurance, according to recent statements by the CBO.

First step of pulling your head out of your ass is to not believe everything you were told.

Richard, you love history, they said the same thing when Carter was in office, that we had to live with it and accept it, then Reagan took office and when he left, things were different. I' can't speculate on McCain and Palin anymore than if Ross Perot would have won.

I agree with you on this to a point, the two parties don't have moderates anymore and just play against themselves and get nothing done.

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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that

JP-pornshooter

One thing Obama did not get fixed was the housing crisis...
Yes they tried to force banks to reduce principals but that never worked, why should the banks take it in the ass.
I still say Greenspan get the interest rate too low for too long..
Fanny Mae and HUD/FHA did help some to refinance to lower rates but that was years after the help was needed.
We are still down 20-30% down in So California but we know it will go up since the entire world wants to live on a beach in California.....meantime we have nearly the worst public schools of the nation and the state itself is nearing bankruptcy...

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Barefootsies

Supposedly they once used to be some of the best in the nation...

before it became a welfare state, and you moved half of Mexico in.

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Vendzilla

then gave the Mexican drug cartels more guns so more Mexicans want to move north.

Our school system was pretty good at one point, after raising my daughter in it, I couldn't believe how bad it had gotten and it's worse now.

My sister moved from California to Penn state for her job and her son had a learning problem and it wasn't known until they moved, the school system there saw it in the first week, while here in California, we are providing hot breakfasts for the poor.

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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that

Barefootsies

Indeed.

Perhaps when they eventually HAVE to raise taxes to cover the budget/deficit there, people will start to get a collective clue. At some point this government is going to have to make some tough choices. One of which is raise taxes. Especially since you can NEVER EVER touch the precious military's annual spending.

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"

Penny24Seven

Central Florida, it is unreal, there are so many brand new houses in town with no one living in them, others with people still in their house but having not paid in over 3 years.
I think my street has 5 in a row that are empty

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Vendzilla

We need a strong military, but we don't need a strong military presence in every country in the world. My daughter served on the USS Ronald Reagan when they rendered aid to the Philippines. A modern aircraft carrier has two reactors and run the ships power needs on just one, while the other can be used to replace a power grid of a good sized city. It can also generate drinking water right out of the harbor it's anchored in, medical aid and supplies from it's flight deck, she got a medal for humanitarian efforts, pretty cool.

The problem with raises taxes as we see it here in California is that it adds to the cost of doing business and in turn drives business out of California. Laws that declare cities safe havens for illegal aliens to the point where if an illegal alien is pulled over for driving without a license, they don't have to worry about their cars being impounded.

They find something that adds money to the tax base like the medical marijuana clinics or the porn industry by making them wear condoms, they just keep shooting themselves in the foot by trying to close these industries down. The court systems are so fucked up, it's not about right and wrong, it's about the liability involved.

Don't get me wrong, I love this state, I lived in a spot in northern California that I could see two glaciers from one spot. This state is truly amazing!

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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that

Barefootsies

"The only thing that is new in this world is the history you DON'T know"

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Enough Said.

"Would you rather live like a king for a year or like a prince forever?"