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Sure - they are down from when they were bought (is that a surprise home prices have been falling for 3 years? ). The question is - what are home prices doing NOW (and for the past quarter). Prices over THAT time have been rising around the country (there are few exceptions - but those places ARE exceptions).
And yes - the these past 8 months (7 actually with Obama in power) have been horrid - but each month has gotten better.
New layoffs - peaked in January & every single month since then (but one) has seen these DECREASE.
Housing prices - down the first 3 months of Obama's term - UP since then
Housing sales - down the first 2 months of Obama's term - UP since then
Stock market - down the first 6 WEEKS of Obama's term - UP the 6 MONTHS since then.
Lets not forget that one economist also already predicted that foreclosures will continue to rise and get worse before they get better.
So grab up all those cheap homes people that people lost thanks to ObamaScares usage of our money that contributed to record bankruptcies, foreclosures and car repo's.
So grab up all those cheap homes people that people lost thanks to ObamaScares usage of our money that contributed to record bankruptcies, foreclosures and car repo's.
I'm having a little trouble wrapping my head around this one. Obama used our money to jump start the crash of the housing market? Which happened approx 3 years BEFORE he took office.
And what's this about cars being reposed?
Do you think before you type? Because either you're a troll...or you're just out there somewhere.
I'm having a little trouble wrapping my head around this one. Obama used our money to jump start the crash of the housing market? Which happened approx 3 years BEFORE he took office.
And what's this about cars being reposed?
Do you think before you type? Because either you're a troll...or you're just out there somewhere.
We had record number of car repossession in July.
If you read here enough you will find that the left wingers have decided that when something happens on the watch of the person in the WH it is all theirs to own.
So, this housing crash with record repo's, foreclosures, bankruptcies and this terrible economy is ALL OBAMAS baby.
Aug. 26 (Bloomberg) -- Purchases of new homes in the U.S. jumped more than forecast
in July, adding to signs that the economy is rebounding from the worst recession since the 1930s.
Sales increased 9.6 percent, the most since February 2005, to a 433,000 annual pace, figures
from the Commerce Department showed today in Washington. The number of houses on the
market dropped to the lowest level in 16 years.
Aug. 26 (Bloomberg) -- Purchases of new homes in the U.S. jumped more than forecast
in July, adding to signs that the economy is rebounding from the worst recession since the 1930s.
Sales increased 9.6 percent, the most since February 2005, to a 433,000 annual pace, figures
from the Commerce Department showed today in Washington. The number of houses on the
market dropped to the lowest level in 16 years.
Interesting isn't it, essentially give the American people a tax break, in the form of $8,000 to buy a home, or $4,500 to buy a car, and people actually help spur the economy. Just imagine if 0bama would have given every American a tax holiday, to the tune of $800 billion dollars, instead of bemoaning tax breaks and going for the government make-work jobs of a stimulus bill.
You liberals still think giving people a tax break will not stimulate the economy, and yet you trumpet similar measures like cash for clunkers and the new home buyer incentive. Is it that freely allowing people to keep more of their money is bad, but government controlling what they are aloud to spend their money on is good?
Interesting isn't it, essentially give the American people a tax break, in the form of $8,000 to buy a home, or $4,500 to buy a car, and people actually help spur the economy. Just imagine if 0bama would have given every American a tax holiday, to the tune of $800 billion dollars, instead of bemoaning tax breaks and going for the government make-work jobs of a stimulus bill.
You liberals still think giving people a tax break will not stimulate the economy, and yet you trumpet similar measures like cash for clunkers and the new home buyer incentive. Is it that freely allowing people to keep more of their money is bad, but government controlling what they are aloud to spend their money on is good?
You nailed it. As long as their dear leader backs the program it is ok.
Hypnosis must be at work.
Interesting isn't it, essentially give the American people a tax break, in the form of $8,000 to buy a home, or $4,500 to buy a car, and people actually help spur the economy. Just imagine if 0bama would have given every American a tax holiday, to the tune of $800 billion dollars, instead of bemoaning tax breaks and going for the government make-work jobs of a stimulus bill.
You liberals still think giving people a tax break will not stimulate the economy, and yet you trumpet similar measures like cash for clunkers and the new home buyer incentive. Is it that freely allowing people to keep more of their money is bad, but government controlling what they are aloud to spend their money on is good?
Actually that's not what most Obama supporters think at all. The plan is to stimulate the economy with BOTH tax breaks (as per the rebates mentioned & the lower tax rates for those making under $250,000/year) AND to pump money directly into the economy via the stimulus spending.
It's a 2-fisted approach rather than simply relying on tax-breaks alone.
Actually that's not what most Obama supporters think at all. The plan is to stimulate the economy with BOTH tax breaks (as per the rebates mentioned & the lower tax rates for those making under $250,000/year) AND to pump money directly into the economy via the stimulus spending.
It's a 2-fisted approach rather than simply relying on tax-breaks alone.
Ken
When do the tax breaks kick in? Have they for 2009?
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). The question is - what are home prices doing NOW (and for the past quarter). Prices over THAT time have been rising around the country (there are few exceptions - but those places ARE exceptions).
