2010-08-29 — ml-implode.com
``The media, and it would seem the government, are somehow surprised that the real estate market is not at all well. They apparently had thought that things were on the upswing, although why they thought that way, I cannot even imagine. Perhaps they posses marijuana of such exceptional quality that it alters their reality to such a degree that they actually believe they are living in a place where business is great, life is wonderful and people are terrific. The Big Rock Candy Mountain, perhaps?''
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kindandgentlejd at 22:19 2010-08-29 said:
I am the Father of pessimism in this crisis and honestly, I am having trouble believing their were none. Martin... please tell us all that data is wrong. That is absolutely terrible. PermalinkXpressOH at 02:41 2010-08-30 said:
Martin got a bit over zealous with his quote. Mish's article says there were zero NEW home sales over 750k. Even that, I find very hard to believe. Not that things are not horribly bad- they are. PermalinkEd Wright at 22:30 2010-08-30 said:
How is that hope and change working for you? More and more we are hearing that home prices will continue to fall because? Despite all industry efforts borrowers increasing choose to walk away; but why? I believe the problem is more of a “Macro†economy issue affecting policy and the nation itself more so than simply a housing market problem. Let’s analyze the situation. Eighteen months ago, we as a Nation were about $11 trillion in debt. Now, it is a $14.5 trillion debt. We were at 8.5 percent unemployment. Now, it is over 9.6 percent. If we were honest about these numbers, it is about 15 to 20 in Southern California’s Inland Empire… and don’t even look at New Orleans’s numbers! The unions, Fannie and Freddie, AGIE, SEIU, the car companies, the teachers unions, the teamsters all are getting and have gotten bailouts of your tax money. But at what costs to bankrupt city, county and state economies; these bailouts are unsupportable! The stimulus package didn't work and no jobs in the private sector were created. Iran has built a nuclear reactor and we cannot back Israel. Seven million jobs have been lost compared to 18 months ago, and employers are not hiring due to the weak economy. The Federal Government has grown. Everyone's taxes are going up in 2011 due to this $14.5 trillion dollar debt, universal health care reform and all the bailouts that didn't produce one single job in the private sector. Five hundred billion dollars will be cut from Medicare so the seniors and the disabled will be pushed towards universal health care and rationing. How can you make something sound and financially fit when you cut benefits and services? The Mexican border with Arizona is like a war zone where there is no containment of the border and the administration doesn't care about our country's security. GEE; is it time to get real and address these bigger issues that are destroying the job markets and the economy itself? People that can’t find work don’t buy houses at any price! Permalinkadd a comment | go to forum thread
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