2010-08-28 — huffingtonpost.com
"This week, the housing news has been dismal: record low sales, talk of a double dip in values, and growing foreclosures. Meanwhile, the help that many homeowners hoped would come from government programs has not materialized. Instead, ever changing and complicated programs without teeth seem designed to prop up the industry rather than truly assist homeowners. Not surprisingly, many borrowers are coming to the realization that their options are limited. "
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Ed Wright at 01:24 2010-08-29 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; once again... 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! This is the core of the real problem!! Permalinkkindandgentlejd at 10:52 2010-08-29 said:
Well said... I would add... it is no longer a concern of our government for "We the people..." If American's were working... none of this would even be discussed. Permalinkadd a comment | go to forum thread
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