US house prices face long fall to bottom: analysts

[lastinshow]

Originally Posted by tallrick

The real estate bubble stole almost 5 years of my productive life and I ended up in business reselling products from overseas. My real goal was always to get in energy production and that is my plan now. All that money spent on housing was consumption plain and simple. It could have been spent on wind turbines, solar arrays and algae farms but instead it went into big screen TV's, granite countertops and swimming pools. Where is the return on that? Instead we could be right now driving Diesel vehicles powered by algae, and enjoy electricity powered by free energy. If Government was scaled back thousands of small businesses producing supplies for this industry would be operating right now. Instead we teeter on the brink due to a system that supports malinvestment and exploitation of productive labor. Good thing I am not alone with this view. Energy is the life of any economy and we recieve enough of it from the sun in one day than we can ever use in a lifetime. The 2 Trillion that will be spent to temporarily keep this mess inflated could have been used to make us independant from fossil fuels if it was real, invested capital.

Bravo I gave you as many reps as possible.
Rampant overconsumerism has made this nation sick and useless.

[58robbo]

Originally Posted by ArcticPhoenix

I'll bet you never get to have sex, too.

So, do I get a prize for answering the question correctly???

before the credit crunch......


mow we have all the time in the world. lol

[MissDaisy]

Originally Posted by Mircea

What is that Obama Math?

Uh, around these parts a 3-bedroom apartment is $500 to $750 per month. If you can afford a $2,500 monthly mortgage before an ARM hike, you can afford an apartment and you can afford the luxury of dining out.

If you pulled your head out of your full point of contact you'd know that around here people walked away from their homes not because of ARMs but because of Duke Energy's 30% rate hike.

Yeah, that's right. Big freaking McMansion and no gas or electric. They couldn't afford the $2,000/month mortgage AND the $2,000/month gas and electric bill between November-March.

The simple fact that your reply is so emotionally charged, really validates my point, because in the ultra liberal world of the media, a "nationwide" or "global" financial economy, is perceived to be "rock-paper-scissors" over a "local" economy... while in reality, the opposite may be true, but in spite of the fortitude of the local economy, the public perception can be skewed by the media (the "nightly news")

And I am truly being sympathetic to your outburst, Mircea, you ARE preaching to the choir...and barking up the wrong tree..maybe somehow I unintentionally led you to believe I had a different core belief than I actually do...I apologize,...nothing could possibly be further than the truth!!

I am NOT in support of Obama-ism in anyway, shape, or form!!! I personally wish the "Democratic" party would crash and burn.. all the Pelosi talk of "giving the illegal immigrants access to OUR social security system benefits" makes my BLOOD CURDLE!!! I am a FIRM BELIEVER and supportive of the AMERICAN economy...we just have to come together to salvage what is left of it..even if the options at hand make us want to puke! I lay awake at night wondering how my very hard efforts have translated, almost overnight, into a struggle to simply hang on..never mind move forward!!

This whole situation has put a blazingly painfully stall, if not halt in DH and my retirement plans..we are 50/53, and have been working since we were 15/15...hoping to not crawl to our simultaneous human AND financial death and demise...we are seeing every dream we imagined since we were young,always working ,and saving, for all vaporize into a downwardly spiraling, quagmire of financial doom..Yet, we faithfully did, all along, what we were "supposed" to do.....

Without belaboring the obvious fear we all have....rightly so...it really, Mircea, doesn't matter if folks turned in their keys due to an ARM, or utility costs,....the fact of the matter is, they felt the action of turning in their keys was small in comparison to their alternatives...THAT is disturbing, and costly, to everyone..

I am, BTW a staunch REPUBLICAN....always taught my sons...If you want to keep what you have earned through hard work and diligence..you should be a Republican.....

As for you Demos...flame away...you do not have my support, let alone my attention...

[GregW]

I have noted that Dems take some of my money and give it to the destitute. I have also noted that Republicans let business take much of my money and gamble it away in the great casino of Wall Street. I never wanted to put any of my savings into a mutual fund but after the Republican created savings and loan debacle I could have kept money in a bank at 2% and lost value to inflation or in a mutual fund at 10% and kept a bit ahead. The problem with the latter is the failure I expected eventually happened. So don't give me crap about Democrats giving my money away when Republicans steal it for their own excess salaries and benefits.

What I would like to see is a program that lets folks like me purchase government bonds that pay 3% compounded over inflation. That program has never existed and never will because it would suck too much money away from the Republican dominated casino.

[chuck22b]

Originally Posted by GregW

I have noted that Dems take some of my money and give it to the destitute. I have also noted that Republicans let business take much of my money and gamble it away in the great casino of Wall Street. I never wanted to put any of my savings into a mutual fund but after the Republican created savings and loan debacle I could have kept money in a bank at 2% and lost value to inflation or in a mutual fund at 10% and kept a bit ahead. The problem with the latter is the failure I expected eventually happened. So don't give me crap about Democrats giving my money away when Republicans steal it for their own excess salaries and benefits.

What I would like to see is a program that lets folks like me purchase government bonds that pay 3% compounded over inflation. That program has never existed and never will because it would suck too much money away from the Republican dominated casino.

Here you go Gregw:
Treasury Inflation Protected Securities (TIPS):
Individual - Treasury Inflation-Protected Securities (TIPS)

The problem is, is that in an deflationary environment... you'll pretty much earn zero. But at least you track inflation and can't lose principal.

-chuck22b