DISQUS

AMERICAblog: Record drop in home prices

  • Baal · 1 year ago
    Here is my thought for the day after barbecuing my eyes over at Talk Left.

    How many Hillary Clinton supporters who are willing to vote for McCain -- pandering, Constitution-shredding, war mongering, badly educated, angry, cancer stricken, anti-choice, Bushesque, Ambien-popping, corrupt, angry, John McCain -- and there seem to be quite a few over at Talk Left and a few other places -- how many of these are women who are well past their child-bearing years for whom reproductive choice is no longer a burning issue? So is it fair to argue that the fact that they are willing to give John McCain the keys to the Supreme Court is an act of monumental narcissism?

    I only hope that when the GOP police knock down doors to send dissenters to the Gulag, it is their grandchildren who get taken first, assuming they have not migrated to other countries as economic refugees.
  • Baal · 1 year ago
    As for Joe's actual subject, this adjustment is painful, and another of the legion signs of Bushco incompetence. However, home prices will have to drop to levels where people can actually afford to buy them with actual money (i.e. standard fixed rate mortgages) as opposed to smoke and mirrors. Until that actually happens, more of the same. It may take awhile.
  • animosity · 1 year ago
    < i>BREAKING NEWS: Consumer confidence falls to almost 16-year low in May


    but we don't know if were in a 'recession' yet...
  • Indigo · 1 year ago
    Maria Batilomo commented on the Today show this morning that fortunately, we're not in a recession. She has lovely hair. That's all I care say for her.

    Meanwhile on Planet Earth, it turns out that a careful reading all the way through the Reuters article reveals that the housing market hasn't been this bad since the 1930s.

    Well, then, from Rocky Horror, Let's all dance the Time Warp.
  • ron071 · 1 year ago
    I continue to wonder why anyone would consider the views expressed on CNBC seriously.
  • jr · 1 year ago
    Bush has destroyed the average families net worth while getting "pro growth" billing on CNBC
  • OlderAndWiser · 1 year ago
    Even a balloon eventually loses its air. This housing market was so over-hyped, with the major cheerleaders being the construction industry, realtors, mortgage brokers--all of whom made huge profits. Lying, cheating, stealing--all were on their agenda, it was a collaborative effort.

    And it's not even all the ill- or undereducated who were duped--many also were who believed in this overdone market and thought they could beat the system--the flippers, the second home buyers, those who took all the equity out of their homes, depending on prices to rise and the value of their home likewise--everyone of them was a speculator, like we're now seeing in the oil market.
  • OlderAndWiser · 1 year ago
    Blue chips are in a triple digit loss right now. Lots of selling going on, obviously, since the NASDAQ is actually gaining.

    How's your 401k doing? Only the very rich can absorb these kinds of losses, and they want to keep it that way. You might as well keep your 70 cent dollars under the mattress.
  • Ksue · 1 year ago
    "... how many of these are women who are well past their child-bearing years for whom reproductive choice is no longer a burning issue?"

    Good question, Baal. And one I often ask myself (as a 55-yo female). Did these women never give birth to or adopt daughters, themselves? If not, I might be able to understand their point of view. But if so ... they should be stripped of all parenting rights immediately for subjecting their daughters to a potential future daily life in an America without reproduction rights.

    I hate to quote Hillary, but "I just don't understand it."

    Coming of age in the late '60's and early '70's, I've always considered myself a proud "women's libber" and we've raised our 3 daughters to be the same. While I'd love to see a woman president one day -- Hillary is NOT the one to take the role IMO. I've seen through her games since about 5 days after Bill took office.
  • JMOHR · 1 year ago
    I am a victim of the housing bubble burst. We moved from one city to another as a result of a career change. (My company was acquired by another.) We have watched as the values have gone down and we have lost every cent of equity built up in our housing over the past 25 years. It is just not the stupid or the subprime who lose. It is everyone who had to pay inflated costs due to an unregulated market.
  • ron071 · 1 year ago
    Going after something for nothing ( greed ) explains why so many took the" bait" of the subprime market. This is a lesson taught before in everry bubble period in our history. Those who do not learn from the past are condemned to relive it.
  • ron071 · 1 year ago
    Only widespread stupidity, greed, and ignorance can explain a vote for the Republicans and John McCain.