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When will we see the debt clock start running backwards?
Err, don't you mean that Obama got his Tax cuts on all but those upper 2%? The revenue from the upper 2% will help continue lowering the deficits that have been going down for the last 3 years. The debt clock won't go backwards until the Country gets back to running a surplus, ala the Bill Clinton years. Obama is just setting the policies in motion to get to Hillary's surplus years. After all, we know it is the Dems that have our Defense and Fiscal Policy backs!
Congratulations on the sale of your home. Your experience however, cannot be extrapolated to the rest of the country.
Wanna bet:
"Without a doubt, the U.S. housing market has been the most successful sector of the economy this year, and Wednesday’s Case-Shiller home-price index report — which showed a fifth consecutive month of year-over-year increases in home prices nationwide — was a late Christmas present for homeowners across the country.
The housing-market “bottom” was one of the biggest business stories of 2012. After years of falling home values, the data clearly showed that the bleeding stopped somewhere in the first part of 2012 and that home prices have actually begun to slowly rise since then. In addition, other indicators like housing starts, new home sales and foreclosure statistics all point toward a healing housing sector..."
"...As the foreclosure crisis grinds on, knowledgeable, cash-rich investors are doing something that still gives many ordinary Americans pause: they are leaping headlong into the housing market. And not just into tricky mortgage investments, collateralized this or securitized that, but actual houses.
A flurry of private-equity giants and hedge funds have spent billions of dollars to buy thousands of foreclosed single-family homes. They are purchasing them on the cheap through bank auctions, multiple listing services, short sales and bulk purchases from local investors in need of cash, with plans to fix up the properties, rent them out and watch their values soar as the industry rebounds. They have raised as much as $8 billion to invest, according to Jade Rahmani, an analyst at Keefe Bruyette & Woods....
the american mind set, if it didnt happen to me it didnt happen.
glad u r doing great best to u in the new year.
i am too. i will try to remember that when i see the old guy my age about 2 hours ago begging for change on the corner, i looked close at him when i handed him the change, it was very cold out for an old man to be there and he looked so tired.
just another day in paradise phil collins --sing it.
It's NOT just me.
The housing sector is doing very well in most parts of the country.
All you "doom and gloom" folks predicting a continuing slide in housing prices have neglected to take into account one thing YOU (since you are all private sector boosters) SHOULD have realized - people STILL need places to live and if they are not buying then the are RENTING - which drives drives demand for rental units up, which in turn drives rents up, which in turn (especially when combined with both low interest rates and low-cost for foreclosed homes) drives up demand for houses to be converted into rental homes.
And THAT is exactly what's happening: smart investors - not the silly types here predicting continued "doom and gloom" and continued collapse in housing prices, but rather the smart ones who actually KNOW an opportunity when the see it - are busy buying up foreclosed homes as soon as they come on the market. This is happening not just here but in much of the country. The result is that home prices have not only stabilized but are actually rising again - in some places fairly dramatically off their previous lows. It's a matter of supply and demand and these folks have a pretty smart idea: buy foreclosed homes now relatively cheap, fix them up, rent them out to generate income now, then sell them eventually down the road when prices are both higher and more stable.
"...A flurry of private-equity giants and hedge funds have spent billions of dollars to buy thousands of foreclosed single-family homes. They are purchasing them on the cheap through bank auctions, multiple listing services, short sales and bulk purchases from local investors in need of cash, with plans to fix up the properties, rent them out and watch their values soar as the industry rebounds. They have raised as much as $8 billion to invest, according to Jade Rahmani, an analyst at Keefe Bruyette & Woods.
The Blackstone Group, the New York private-equity firm run by Stephen A. Schwarzman, has spent more than $1 billion to buy 6,500 single-family homes so far this year. The Colony Capital Group, headed by the Los Angeles billionaire Thomas J. Barrack Jr., has bought 4,000..."
Congratulations on the sale of your home. Your experience however, cannot be extrapolated to the rest of the country.
so true: yes, the market has improved but the 3% or so interest rates will be gone before long, then the slightly rebounding market will hit another snag. Even here, where property does sell well we have seen the value dip 20 to 40%, homes that used to sell in a few days or weeks are still taking months, but there are exceptions. Anyone who thinks we are on the way to a healthy recovery maybe should take a deep breath.
so let's see how quickly this economy turns around.
obama finally OWNS it.
for the republicans, drop out of your party and look for somebody new because you literally have ZERO representation. i am no longer a republican.
even paul ryan voted for this POS legislation.
i hope rand paul drops out and starts a new party, because i will be his first constituent. (or any of those who voted against the legislation). there is no support for fiscal restraint in either the democratic or republican party-they are all pigs at the trough, including our commander in chief.
so true: yes, the market has improved but the 3% or so interest rates will be gone before long, then the slightly rebounding market will hit another snag. Even here, where property does sell well we have seen the value dip 20 to 40%, homes that used to sell in a few days or weeks are still taking months, but there are exceptions. Anyone who thinks we are on the way to a healthy recovery maybe should take a deep breath.
so true: yes, the market has improved but the 3% or so interest rates will be gone before long, then the slightly rebounding market will hit another snag. Even here, where property does sell well we have seen the value dip 20 to 40%, homes that used to sell in a few days or weeks are still taking months, but there are exceptions. Anyone who thinks we are on the way to a healthy recovery maybe should take a deep breath.
Really?
Your post sure doesn't seem to fit with what Trulia says about your town. You wouldn't be slanting things because of your political beliefs would you?
"
Bella Vista Summary
The median sales price for homes in Bella Vista AR for Jun 12 to Aug 12 was $130,500. This represents a decline of 10.4%, or $15,223, compared to the prior quarter and an increase of 22% compared to the prior year.Sales prices have appreciated 18.6% over the last 5 years in Bella Vista. The average listing price for Bella Vista homes for sale on Trulia was $173,706 for the week ending Dec 26, which represents a decline of 0.5%, or $919, compared to the prior week and a decline of 1%, or $1,715, compared to the week ending Dec 05. Average price per square foot for Bella Vista AR was $64, a decrease of 5.9% compared to the same period last year."
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