Showing posts with label housing. Show all posts
Showing posts with label housing. Show all posts

Thursday, August 28, 2008

Clinton and McCain, they seem to attract the same type of voters right now

So Clinton supporters, are you sexist or racist [Notes From a Different Kitchen]

McCain might be what he identifies as an ELETIST.


Tuesday, April 29, 2008

Premier BUSH

If there was a magic wand, Bush would have given it to Halliburton.



“If there was a magic wand to wave, I’d be waving it, of course,” he told reporters at a Rose Garden news conference called on short notice. “But there is no magic wand to wave right now. It took us a while to get to this fix.”(MSNBC)
George Bush

This is the pinnacle of Executive branch arrogance, not once in this entire speech did President Semi-elect George Walker Bush. It is the congresses fault since they have encouraged war in Iraq to track Bin Laden, or was that sadam who knocked down the World Trade Center. You seem to have all these ideas, that encourage tax cuts. How do tax cuts pay for a multi-trillion dollar war? Not one analyst could explain that simple concept to me. But going into additional debt as a county is the answer in $600 tax refunds. It sounds like a lot now, but it isn't when consumers calculate their lost value during this administration. Housing values have plummeted alot more than $6.00, the price of gas has increased from about $1.34 to damn near $4.00 in less than 8 years. That $600 dollars is not nearly enough to compensate every citizen who footed the bill for the American elite tax cuts and the disastrous effects it along with a war with no direction has cost our country. Our grandchildren will be looking in the history book wondering how this could possibly happen to a nation of sensible people.

Link:
Pace of foreclosures more than doubles from same quarter in 2007

Housing prices drop at fastest pace ever: Standard & Poor’s/Case-Shiller index off 12.7 percent in Feb.


$600 dollars does not cover a 12.7 percent drop, much less in one month. Sheesh wake up people, pull the wool off of your eyes.

Tuesday, March 25, 2008

Find Yourself A home, the housing market is in the toliet

freshome.com
Today is an active day, their is just so much for me to catch up on and study for. Why study when you can be in the Lab reading the news.
For years everyone has said houses in Florida, New York, Las Vegas and other states were overpriced & artificilly inflated. During this same time period everyone new there was a housing bubble. What do all bubbles eventually due...BUST. How are all these analyst suprised, did they just assume prices were going to continue to go up until all houses where unafordable for the middle and low income groups? As everyone knows know, the housing bubble has exploded. Screwing those who are trying to move, assessing equity, taking equity out against their house, and Investmant banks.

“Home prices continue to fall, decelerate and reach record lows across the nation,” said David Blitzer, index committee chairman at S&P. “No markets seem to be completely immune from the housing crisis.”

Blitzer said all 20 cities S&P tracks have seen falling prices for five consecutive months when compared to the prior month. What’s more, the declines are growing in severity, with 13 of the 20 cities reporting their biggest single monthly decline in January.

Pava Leyrer, president of Heritage National Mortgage in Detroit, said the tightening of loan standards has compounded the problems of too much inventory, foreclosures and worries over the economy.MSNBC



On the upside, houses are more affordable, you just cant get a loan right now. Dont let that stop you, go to a new developement. Look for the street that has the most empty houses. Choose a house that is located halfway down the block, and move in. I am sure you can get at least 2 free months of rent. When they kick you out or the authorities come, just use the last name of the builder and say you are their half brother/Sister. By the time they come back to kick you out, you will be able to find another empty house in another development. Good luck