But, but.....the economy is doing so well I thought?

  1. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: But, but.....the economy is doing so well I thought?

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    50+ houses being bought/sold in my little 4 town area last two weeks. I cant wait till it we get over this drought and really get moving....




    What don`t you get?   They`re being "bought/sold" at 40% LESS THAN THEY ARE WORTH!

    Please READ something.......anything.......watch the news, read the back of a cereal box......something!

     
  2. You have chosen to ignore posts from ImYourDaddy. Show ImYourDaddy's posts

    Re: But, but.....the economy is doing so well I thought?

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    50+ houses being bought/sold in my little 4 town area last two weeks. I cant wait till it we get over this drought and really get moving....

     




     

    What don`t you get?   They`re being "bought/sold" at 40% LESS THAN THEY ARE WORTH!

    Please READ something.......anything.......watch the news, read the back of a cereal box......something!




     

    BOSTON (TheStreet) -- The U.S. housing market is recovering slowly in many cities, but bargain hunters in certain areas can still find "short sales" -- properties that sell for less than their current owners' remaining mortgage balances.

      "Overall, we're continuing to see increases in short sales," says Daren Blomquist of industry watcher RealtyTrac, which analyzed fourth-quarter sales data recently to determine America's "Best Markets for Buying Short Sales."

    Short sales are transactions in which consumers whose property values have fallen below their mortgage balances sell the places anyway, with the bank "forgiving" the difference. Lenders go along with such deals when they believe doing so will result in smaller losses than foreclosing would.

    Banks rejected many proposed short sales early in the housing bust, but such transactions now exceed the number of U.S. homes lenders sell through foreclosure.

    Blomquist says big banks have become more amenable to short sales since reaching a $25 billion settlement with the U.S. government and 49 states last year over questionable practices during the housing boom. Mortgage giants Fannie Mae and Freddie Mac also changed their rules in November to streamline short-sale approvals.

    =================

    Another case where the government(tax payers) is picking up the tap

     

    http://www.thestreet.com/story/11883343/1/5-best-cities-for-short-sales.html

     
  3. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

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    50+ houses being bought/sold in my little 4 town area last two weeks. I cant wait till it we get over this drought and really get moving....

     




     

    What don`t you get?   They`re being "bought/sold" at 40% LESS THAN THEY ARE WORTH!

    Please READ something.......anything.......watch the news, read the back of a cereal box......something!

     



    Okay, you get a special whoooosh.

     

    I say the housing market is booming, you say but but but they're not selling for what they're worth. See the differance? 

    But Ill take on your not to sly change of subject. I say houses are now selling for what they're worth, just not what the buyer bought it for during the bubble. Okay slappy? 

     
  4. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

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    50+ houses being bought/sold in my little 4 town area last two weeks. I cant wait till it we get over this drought and really get moving....

     




     

    What don`t you get?   They`re being "bought/sold" at 40% LESS THAN THEY ARE WORTH!

    Please READ something.......anything.......watch the news, read the back of a cereal box......something!



    Clearly these realtors were lying....

    http://www.myfoxboston.com/video?clipId=8713768&topVideoCatNo=238258&autoStart=true

     
  5. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: But, but.....the economy is doing so well I thought?

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    Real Estate is on fire. Someones making money.

     



    Is this when we should all act impressed?

     

     



    Is this where I get to say WHOOOOSH?

     

     



    Well, it is going over your head, so yah, maybe.

     

     




     

    He doesn`t get it and never will. You think he knows what it`s like to buy a house and 7 years later have it be worth 50% LESS than you paid?  He only knows what MSNBC told him or his mama read to him from the NY Times.

     



    Sorry sucker, maybe if you had talked to someone other than one of your own echo chamber dimwits, you would've seen it coming. But you were all listening to Bush talking about the "red hot" economy. I mean, why would he out right lie to his own constituants? It's like him saying Hussain has WMDs when he didn't.

    I got out. But then apparently I only know what MSNBC tells me. BTW, what channel is that?

    FYI, mommy is long gone, thanks so much. 

     




     

    Um.....billy.......the housing market was "red hot" from, well.....about 1986 through 2007 or so.  Everyone on earth wanted in asap for fear that they would be priced out as house prices were constantly going up.  Reagan, Bush-41, Clinton, W, all saw Americans striving for home ownership, not only for their families, but for sound investments and a place to invest money for retirement.  To see that nest egg, that investment, crash and burn is quite disturbing.

    If you were unfortunate enough to buy in 2006,2007, or 2008, you paid peak dollars and now you simply cannot take a loss to get out.  Yes, there is a shortage of houses for sale because people cannot lose that kind of money so they stay put and try to fight their way through this mess.

    Unfortunately those people are stuck until this incompetent at 1600 Pennsylvania av is gone.  You keep screaming about "Bush" though........it`s really working for you.

     

     



    If you bought your house seven years ago, it's worth more now than when Obama took office.

     

    Again, every complaint seems to be that he's not fixing things as quickly as Bush broke them, so we need another Republican to step in and take the reins.

     

     




     

    No it isn`t.  That`s the problem.  You purchased in in 2006 at $660k (true story from my town).  House for sale now at $459k with many looks, but no bites.  This family is already taking a $200k hit.  I haven`t seen any that are worth more now than they were in 2006.

    And......I`m being unfair by blaming Obama. It`s Dems in general.  The Dems took over the House and Senate in 2006.  Up until then, we had 44 consecutive months of growth and housing really was "red hot".

     



    Yes, it is.  It's not worth what you paid in 2006, but it's worth more than it was worth on January 19, 2009.

     

    If you're going to blame Dems in Congress for the bubble popping, you need to present some sort of argument.  Just the fact they they were sitting in chairs once occupied by Republicans is not enough.  What legislation did they pass that worsened the already plummeting home values?  Or what legislation did they block that could have turned things around?

     


    (QUOTE)

     

    Thank you.  I`m sure they`ll take comfort in knowing that the $200k loss they`re facing could have been $300k.

    Here`s an argument, 54 months of consecutive growth from 2002 until 2006.  Every quarter had positive GDP growth with an average of 2.8%.  (As an example, we just had GDP at .005 in Q4/2012 and CNN, MSNBC, and the NY Times were raving that we`re doing so well)  Then Jan 2007 came and........well, you know the rest of the story.

    Barney says "Fannie and Freddie are fine" and...........well you know the rest of the story.

    You are correct though.  As WDYWN states, these programs that caused the burst/collapse go way back as far as Reagan.  We have to blame both parties, they are both responsible.

     

     



    Not could have been $300K - was, in 2008.  If your baseline is 2006, you're going to be disappointed for a long time.  If your baseline is January, 2009, things are looking up.

     

    That's not an argument - an a55 in a chair has no effect on GDP.  Fannie & Freddie are scapegoats that had nothing to do with the bubble bursting, but even if they had, Barney Frank was one representative of a minority party.  Besides, as the graph above shows, the trouble began before the Dems even took control of Congress.

    You're not drawing the connection between the bubble and the pop - yeah the economy was great from 2002 - 2006, but it shouldn't have been.  That's the whole point - we should have had a little bit of suffering after the previous bubble popped (dot-com), and then a modest but steady correction.  Instead we set interest rates to zero, de-regulated the real estate and loan industry, let people turn a profit on defaults, set ARMs in action, made stated income the new norm, and sat back and watched the fireworks.  

    The 2002 - 2006 wonderful, good-old-day economy is the reason your friend is $200K upside down on his mortgage.  Not Barney, and not Barry.

     



    !00% assumption.  Gotta love you lefties............

     

    "Obama stoped the job loss and we`re ina recovery".......Why?  Because we said so.

    "The bubble popped before the Dems took control".......Why? Because we said so.

    ""2002-2006" is the reason"  Why? Because we said so.

    Yah, let`s just forget about 25-30 years of investing in real estate, making modest (and some dramatic) profit off of property, and of course, Barney (the single largest culprit in the financial disaster) is comepletely innocent.  Why? Because we said so.

    Gawd slomag................take a sniff of the coffee man!

     

    We're in a recovery because we've had 15 quarters of positive GDP growth - there's no assumption there.  Does Obama deserve the credit?  That's an assumption - I'll give you that, but it's supported by the fact that the only negative growth quarters under his watch were the first three after which he first took office.  If you think it would have happened with or without Obama, that's also an assumption, but one without any support.

    The bubble popped before the Dems took control - if housing prices were plummetting in 2006, you can't point to a cause from 2007.  No assumption, no ideology - just common sense.

    2002 - 2006 is the reason - you won't find any breathing economist who will tell you that housing from 2002 - 2006 was fairly priced.  It's not an assumption - it's reality.

    Investing in real estate prior to 2002 meant finding a piece of property that would appreciate over time and holding onto it for decades.  Investing in real estate from 2002 to 2006 meant buying a property and flipping it weeks later.

    Using Barney Frank as a scapegoat is beyond stupid - he was one member of a committee the majority of which was Republicans in a House the majority of which was Republican.  What is it exactly that you think he did that contributed to the collapse?  You think Bush was riding in on a white horse trying to regulate the loan industry?  Do you support that?  Do you still?  How do you feel about Dodd-Frank?  

    Regardless, it's all a red herring, as GSEs did not contribute to the collapse.  Follow the smell test - GSEs were meant to help lower middle class families own homes.  Why were lenders suddenly interested in 35-year-old programs to help lower middle class families own homes?  Because suddenly you could make money on loan defaults.  Fannie and Freddie didn't change their loan practices - they were dragged into sub-prime lending by lenders selling default swaps to unidentified third parties outside the purview of any housing or lending regulation.  And all of this didn't matter, because as soon as the bubble burst, you had two new groups of home buyers - renters who had been frozen out of the housing market the past five years, and could suddenly afford to purchase their new home, and upper-middle class families who could no longer afford their million dollar homes and needed to down-size.  These GSE-backed homes were the first to be re-sold.

    Happy Easter

     
  6. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

    In response to FortySixAndTwo's comment:

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    50+ houses being bought/sold in my little 4 town area last two weeks. I cant wait till it we get over this drought and really get moving....

     




     

    What don`t you get?   They`re being "bought/sold" at 40% LESS THAN THEY ARE WORTH!

    Please READ something.......anything.......watch the news, read the back of a cereal box......something!

     



    Clearly these realtors were lying....

     

    http://www.myfoxboston.com/video?clipId=8713768&topVideoCatNo=238258&autoStart=true



    Hey moron, Im on the front lines. Stop falling for the printed pretty girl ya idiot. Foxnews, I thought you never seen them before...lying sack o sht.

     
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  8. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     
  9. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     
  10. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

     FYI- Ill take the cash. Housing is selling. And Im good with that.

     
  11. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate. Sorry your relationship failed too man. Hopefully you find a new one like I did. It'll get you from posting on this forum all day.  

     

     
  12. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate. Sorry your relationship failed too man. Hopefully you find a new one like I did. It'll get you from posting on this forum all day.  

     




    If things are so good, why don't you just sell your house for twice what you paid for it, quit your job, becasue another job will be offered you by tomorrow, and empty out your retirement account and have a big party, because government will handily provide for your retirement?

    Come on.  Put your money where your mouth is.

     
  13. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate. Sorry your relationship failed too man. Hopefully you find a new one like I did. It'll get you from posting on this forum all day.  

     



    My relationship failed? That's news to me. I mean...I could have sworn that was my wife next to me in bed this morning. 

    Facepalm...

     
  14. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

    In response to BilltheKat's comment:

     FYI- Ill take the cash. Housing is selling. And Im good with that.



    Once again Bill thinking he's impressing everyone because he has a job. You da man!!!

     
  15. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     
  16. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     




    OMG pink, could this guy be any dumber?  Do you think he`s for real or is he acting like a dope for the fun of it?

    Geee.........."the housing market is red hot".  Geeeee.......duh...."I`ll take the cash".   Cash from what billyrat?  Cash you lost?  40% LESS cash (on average)?

    You think he could ever read about the 2million foreclosures in 2012 alone? You think he gets the MILLIONS of people underwater and desperate to re-fi becuase they CANNOT sell their houses at a 40% LOSS?

    What a piece of work.  I think he`s doing this on purpose, nobody could be that stupid.

     
  17. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate. Sorry your relationship failed too man. Hopefully you find a new one like I did. It'll get you from posting on this forum all day.  

     

     




    If things are so good, why don't you just sell your house for twice what you paid for it, quit your job, becasue another job will be offered you by tomorrow, and empty out your retirement account and have a big party, because government will handily provide for your retirement?

     

    Come on.  Put your money where your mouth is.



    Skeeter so desperately wants the economy to fail so he can rail against his arch enemy Obama. He even gets downright pi$$ie about it. What a true American.

     
  18. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     

     




     

    OMG pink, could this guy be any dumber?  Do you think he`s for real or is he acting like a dope for the fun of it?

    Geee.........."the housing market is red hot".  Geeeee.......duh...."I`ll take the cash".   Cash from what billyrat?  Cash you lost?  40% LESS cash (on average)?

    You think he could ever read about the 2million foreclosures in 2012 alone? You think he gets the MILLIONS of people underwater and desperate to re-fi becuase they CANNOT sell their houses at a 40% LOSS?

    What a piece of work.  I think he`s doing this on purpose, nobody could be that stupid.



    I don't know what his deal is. Way back he said he was a realtor, now he says he's not, yet he's on the "front lines" of real estate. And then when the debate isn't going his way he goes on this rant about watching FOX news. He's all over the place. Full of lies he is.

     

     
  19. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     

     




     

    OMG pink, could this guy be any dumber?  Do you think he`s for real or is he acting like a dope for the fun of it?

    Geee.........."the housing market is red hot".  Geeeee.......duh...."I`ll take the cash".   Cash from what billyrat?  Cash you lost?  40% LESS cash (on average)?

    You think he could ever read about the 2million foreclosures in 2012 alone? You think he gets the MILLIONS of people underwater and desperate to re-fi becuase they CANNOT sell their houses at a 40% LOSS?

    What a piece of work.  I think he`s doing this on purpose, nobody could be that stupid.



    And along comes a cheerleader for pinkeye. Thats a twist.

     
  20. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

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    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     

     




     

    OMG pink, could this guy be any dumber?  Do you think he`s for real or is he acting like a dope for the fun of it?

    Geee.........."the housing market is red hot".  Geeeee.......duh...."I`ll take the cash".   Cash from what billyrat?  Cash you lost?  40% LESS cash (on average)?

    You think he could ever read about the 2million foreclosures in 2012 alone? You think he gets the MILLIONS of people underwater and desperate to re-fi becuase they CANNOT sell their houses at a 40% LOSS?

    What a piece of work.  I think he`s doing this on purpose, nobody could be that stupid.

     



    And along comes a cheerleader for pinkeye. Thats a twist.

     



    Hey Money-bags...how much money have you made so far this morning??? Hahahaha

     
  21. You have chosen to ignore posts from tacobreath. Show tacobreath's posts

    Re: But, but.....the economy is doing so well I thought?

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    Real Estate is on fire. Someones making money.

     



    Is this when we should all act impressed?

     

     



    Is this where I get to say WHOOOOSH?

     

     



    Well, it is going over your head, so yah, maybe.

     

     




     

    He doesn`t get it and never will. You think he knows what it`s like to buy a house and 7 years later have it be worth 50% LESS than you paid?  He only knows what MSNBC told him or his mama read to him from the NY Times.

     



    Sorry sucker, maybe if you had talked to someone other than one of your own echo chamber dimwits, you would've seen it coming. But you were all listening to Bush talking about the "red hot" economy. I mean, why would he out right lie to his own constituants? It's like him saying Hussain has WMDs when he didn't.

    I got out. But then apparently I only know what MSNBC tells me. BTW, what channel is that?

    FYI, mommy is long gone, thanks so much. 

     




     

    Um.....billy.......the housing market was "red hot" from, well.....about 1986 through 2007 or so.  Everyone on earth wanted in asap for fear that they would be priced out as house prices were constantly going up.  Reagan, Bush-41, Clinton, W, all saw Americans striving for home ownership, not only for their families, but for sound investments and a place to invest money for retirement.  To see that nest egg, that investment, crash and burn is quite disturbing.

    If you were unfortunate enough to buy in 2006,2007, or 2008, you paid peak dollars and now you simply cannot take a loss to get out.  Yes, there is a shortage of houses for sale because people cannot lose that kind of money so they stay put and try to fight their way through this mess.

    Unfortunately those people are stuck until this incompetent at 1600 Pennsylvania av is gone.  You keep screaming about "Bush" though........it`s really working for you.

     

     



    If you bought your house seven years ago, it's worth more now than when Obama took office.

     

    Again, every complaint seems to be that he's not fixing things as quickly as Bush broke them, so we need another Republican to step in and take the reins.

     

     




     

    No it isn`t.  That`s the problem.  You purchased in in 2006 at $660k (true story from my town).  House for sale now at $459k with many looks, but no bites.  This family is already taking a $200k hit.  I haven`t seen any that are worth more now than they were in 2006.

    And......I`m being unfair by blaming Obama. It`s Dems in general.  The Dems took over the House and Senate in 2006.  Up until then, we had 44 consecutive months of growth and housing really was "red hot".

     



    Yes, it is.  It's not worth what you paid in 2006, but it's worth more than it was worth on January 19, 2009.

     

    If you're going to blame Dems in Congress for the bubble popping, you need to present some sort of argument.  Just the fact they they were sitting in chairs once occupied by Republicans is not enough.  What legislation did they pass that worsened the already plummeting home values?  Or what legislation did they block that could have turned things around?

     


    (QUOTE)

     

    Thank you.  I`m sure they`ll take comfort in knowing that the $200k loss they`re facing could have been $300k.

    Here`s an argument, 54 months of consecutive growth from 2002 until 2006.  Every quarter had positive GDP growth with an average of 2.8%.  (As an example, we just had GDP at .005 in Q4/2012 and CNN, MSNBC, and the NY Times were raving that we`re doing so well)  Then Jan 2007 came and........well, you know the rest of the story.

    Barney says "Fannie and Freddie are fine" and...........well you know the rest of the story.

    You are correct though.  As WDYWN states, these programs that caused the burst/collapse go way back as far as Reagan.  We have to blame both parties, they are both responsible.

     

     



    Not could have been $300K - was, in 2008.  If your baseline is 2006, you're going to be disappointed for a long time.  If your baseline is January, 2009, things are looking up.

     

    That's not an argument - an a55 in a chair has no effect on GDP.  Fannie & Freddie are scapegoats that had nothing to do with the bubble bursting, but even if they had, Barney Frank was one representative of a minority party.  Besides, as the graph above shows, the trouble began before the Dems even took control of Congress.

    You're not drawing the connection between the bubble and the pop - yeah the economy was great from 2002 - 2006, but it shouldn't have been.  That's the whole point - we should have had a little bit of suffering after the previous bubble popped (dot-com), and then a modest but steady correction.  Instead we set interest rates to zero, de-regulated the real estate and loan industry, let people turn a profit on defaults, set ARMs in action, made stated income the new norm, and sat back and watched the fireworks.  

    The 2002 - 2006 wonderful, good-old-day economy is the reason your friend is $200K upside down on his mortgage.  Not Barney, and not Barry.

     



    !00% assumption.  Gotta love you lefties............

     

    "Obama stoped the job loss and we`re ina recovery".......Why?  Because we said so.

    "The bubble popped before the Dems took control".......Why? Because we said so.

    ""2002-2006" is the reason"  Why? Because we said so.

    Yah, let`s just forget about 25-30 years of investing in real estate, making modest (and some dramatic) profit off of property, and of course, Barney (the single largest culprit in the financial disaster) is comepletely innocent.  Why? Because we said so.

    Gawd slomag................take a sniff of the coffee man!

     

     

     

    We're in a recovery because we've had 15 quarters of positive GDP growth - there's no assumption there.  Does Obama deserve the credit?  That's an assumption - I'll give you that, but it's supported by the fact that the only negative growth quarters under his watch were the first three after which he first took office.  If you think it would have happened with or without Obama, that's also an assumption, but one without any support.

    The bubble popped before the Dems took control - if housing prices were plummetting in 2006, you can't point to a cause from 2007.  No assumption, no ideology - just common sense.

    2002 - 2006 is the reason - you won't find any breathing economist who will tell you that housing from 2002 - 2006 was fairly priced.  It's not an assumption - it's reality.

    Investing in real estate prior to 2002 meant finding a piece of property that would appreciate over time and holding onto it for decades.  Investing in real estate from 2002 to 2006 meant buying a property and flipping it weeks later.

    Using Barney Frank as a scapegoat is beyond stupid - he was one member of a committee the majority of which was Republicans in a House the majority of which was Republican.  What is it exactly that you think he did that contributed to the collapse?  You think Bush was riding in on a white horse trying to regulate the loan industry?  Do you support that?  Do you still?  How do you feel about Dodd-Frank?  

    Regardless, it's all a red herring, as GSEs did not contribute to the collapse.  Follow the smell test - GSEs were meant to help lower middle class families own homes.  Why were lenders suddenly interested in 35-year-old programs to help lower middle class families own homes?  Because suddenly you could make money on loan defaults.  Fannie and Freddie didn't change their loan practices - they were dragged into sub-prime lending by lenders selling default swaps to unidentified third parties outside the purview of any housing or lending regulation.  And all of this didn't matter, because as soon as the bubble burst, you had two new groups of home buyers - renters who had been frozen out of the housing market the past five years, and could suddenly afford to purchase their new home, and upper-middle class families who could no longer afford their million dollar homes and needed to down-size.  These GSE-backed homes were the first to be re-sold.

    Happy Easter




    Thanks!  You too.

    "2002 - 2006 is the reason - you won't find any breathing economist who will tell you that housing from 2002 - 2006 was fairly priced.  It's not an assumption - it's reality."

    No argument.....BUT, you can`t find an economist that would tell you your house, property, land, real estate, was NOT a super-sound investment from the mid-1980`s right up to 2006 either.  It was just something you did and had faith in.  You had dough........the best place to put it was real estate.  It was as simple as that.

    I think we`re back to you guys calling 2002-2006 a "bubble", I`m saying the (supposed) "bubble" was a 25 year bubble........hence, not a bubble.

    I also agree that 2013 prices are up from 2009, but a far cry from 2006 or prior for millions of Americans that are under water.

    Good week to you.

     
  22. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

    In response to FortySixAndTwo's comment:

    In response to tacobreath's comment:

     

    In response to FortySixAndTwo's comment:

     

    In response to BilltheKat's comment:

     

    In response to FortySixAndTwo's comment:

     

    In response to BilltheKat's comment:

     

    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     

     




     

    OMG pink, could this guy be any dumber?  Do you think he`s for real or is he acting like a dope for the fun of it?

    Geee.........."the housing market is red hot".  Geeeee.......duh...."I`ll take the cash".   Cash from what billyrat?  Cash you lost?  40% LESS cash (on average)?

    You think he could ever read about the 2million foreclosures in 2012 alone? You think he gets the MILLIONS of people underwater and desperate to re-fi becuase they CANNOT sell their houses at a 40% LOSS?

    What a piece of work.  I think he`s doing this on purpose, nobody could be that stupid.

     



    I don't know what his deal is. Way back he said he was a realtor, now he says he's not, yet he's on the "front lines" of real estate. And then when the debate isn't going his way he goes on this rant about watching FOX news. He's all over the place. Full of lies he is.

     

     



    Nope, show me where I ever said I was a realtor. I can show you where YOU said I was a realtor (in the last post) but that's of your own demented world. So I guess we know who's full of it now.

     
  23. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: But, but.....the economy is doing so well I thought?

    In response to BilltheKat's comment:

    In response to skeeter20's comment:

     

    In response to BilltheKat's comment:

     

    In response to FortySixAndTwo's comment:

     

    In response to BilltheKat's comment:

     

    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate. Sorry your relationship failed too man. Hopefully you find a new one like I did. It'll get you from posting on this forum all day.  

     

     




    If things are so good, why don't you just sell your house for twice what you paid for it, quit your job, becasue another job will be offered you by tomorrow, and empty out your retirement account and have a big party, because government will handily provide for your retirement?

     

    Come on.  Put your money where your mouth is.

     



    Skeeter so desperately wants the economy to fail so he can rail against his arch enemy Obama. He even gets downright pi$$ie about it. What a true American.

     



    No, not really.  I just want you to stand behind your broad proclamations that things are great.

    If things are so great, prove it.  Put your home, job, and retirement where your mouth is.

     
  24. You have chosen to ignore posts from FortySixAndTwo. Show FortySixAndTwo's posts

    Re: But, but.....the economy is doing so well I thought?

    In response to BilltheKat's comment:

    In response to FortySixAndTwo's comment:

     

    In response to tacobreath's comment:

     

    In response to FortySixAndTwo's comment:

     

    In response to BilltheKat's comment:

     

    In response to FortySixAndTwo's comment:

     

    In response to BilltheKat's comment:

     

    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     

     




     

    OMG pink, could this guy be any dumber?  Do you think he`s for real or is he acting like a dope for the fun of it?

    Geee.........."the housing market is red hot".  Geeeee.......duh...."I`ll take the cash".   Cash from what billyrat?  Cash you lost?  40% LESS cash (on average)?

    You think he could ever read about the 2million foreclosures in 2012 alone? You think he gets the MILLIONS of people underwater and desperate to re-fi becuase they CANNOT sell their houses at a 40% LOSS?

    What a piece of work.  I think he`s doing this on purpose, nobody could be that stupid.

     



    I don't know what his deal is. Way back he said he was a realtor, now he says he's not, yet he's on the "front lines" of real estate. And then when the debate isn't going his way he goes on this rant about watching FOX news. He's all over the place. Full of lies he is.

     

     

     



    Nope, show me where I ever said I was a realtor. I can show you where YOU said I was a realtor (in the last post) but that's of your own demented world. So I guess we know who's full of it now.

     



    Be glad to, provided you can show me where I said my relationship failed. 

     

     
  25. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Re: But, but.....the economy is doing so well I thought?

    In response to FortySixAndTwo's comment:

    In response to BilltheKat's comment:

     

    In response to tacobreath's comment:

     

    In response to FortySixAndTwo's comment:

     

    In response to BilltheKat's comment:

     

    In response to FortySixAndTwo's comment:

     

    In response to BilltheKat's comment:

     

    Yup, ya sure you never watch those shows. Stick with your game, you poor soul. God love ya! FYI No ones buying it.

     



    Oh you poor thing. It all makes sense now. Why would she have stayed with someone so inept as you. 

     

     



    and of course you change the subject and go desperate.  

     

     



    Says the guy who already tried changing the subject by going on about news stations. Sigh.....

     

     




     

    OMG pink, could this guy be any dumber?  Do you think he`s for real or is he acting like a dope for the fun of it?

    Geee.........."the housing market is red hot".  Geeeee.......duh...."I`ll take the cash".   Cash from what billyrat?  Cash you lost?  40% LESS cash (on average)?

    You think he could ever read about the 2million foreclosures in 2012 alone? You think he gets the MILLIONS of people underwater and desperate to re-fi becuase they CANNOT sell their houses at a 40% LOSS?

    What a piece of work.  I think he`s doing this on purpose, nobody could be that stupid.

     



    And along comes a cheerleader for pinkeye. Thats a twist.

     

     



    Hey Money-bags...how much money have you made so far this morning??? Hahahaha

     



    I'll try to keep it simple for you, Mondays and Tuesdays are my weekends. That should keep you puzzled for a while longer.

     

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