anger

Washington's Dilemma: This Isn't a Recession, It's a Collapse

Well, then by your logic, and by all means, please allow CA to "melt down".

Arrogant? I don't agree, just stating the facts as the warm-bodies as the facts.

As for the whole completely useless and irrational "illegal immigrants" argument, I don't see anyone in Orange County who is about to loose their home trying to go get work on the argricultural fields? Just what is the reality of "freeloader" versus "illegal immigrant" versus the "American Entitlement" issue? I have a feeling racism is the root of this issue, plain and simple.




On Jul 17 02:33 PM bricki wrote:

> That is the most arrogant, self-centered response possible. CA is
> an extremely wealthy state. It is the largest state economy in the
> US and the 8th largest economy in the world. It clearly has the internal
> means to solve a 21 billion deficit given that it has a domestic
> product of 1.7 trillion.

Washington's Dilemma: This Isn't a Recession, It's a Collapse

On Jul 14 09:39 AM yellowhoard wrote:

> California needs to melt down so the rest of the country doesn't.
>
>
This is the stupidest response yet. When you say CA needs to meltdown, you do realize that you are talking about 11.95% of the population of this country? We are #1 in the ranking by population alone. We ARE the country.

Do you realize what social services they are cutting? I know many who are part of this furlough going on, and it is rough. They have children and families to support too.

By all means, be pissed of at our incompetent democrats AND republicans who can't work this out, but ignorance of the ripple effect on the MILLIONS of people in this state is just being downright cold-hearted. Not to mention, if you actually read the article, the start of the decline of "America" as we know it.

Housing: Did We Learn Nothing from the Dotcom Bust?

john1 - I'm glad to hear you are patriotic and love America and the troops. When you learn to read, you'll realize there aren't a lot of liberals here, actually.

Also, ReEconomist, it is cheaper to rent than own/purchase. Are you not paying attention? Here is a neat trick, take the rent you pay or the rental listings and multiply them by 150. If they are above what house prices are going for, it is a bad time to buy that house because it will cost you more (fees, taxes, insurance, etc.s) than it would to rent.

California Home Sales: 43% Year Over Year Increase!

Would you care for some ice with that KoolAid?

A Quick Review of I.O.U.S.A.

I look forward to stumbling upon this movie somewhere in LA? Laemmle Sunset 5?

People--this is just like cancer, it is a "symptom" of poor values and ideals, bad government leadership and capital greed. You can only fix the indicator by noticing the problems.

It is left or right wing, it is WRONG wing, both parties hold responsibility, and whether you fancy yourself the right wing "absolutionist" or left wing "liberal", there are certain things about living the "American Dream" that have propagated into our life styles and our over-all expectations that need to change. We all complain about "what about our children", but what about NOW?

As for the medicare/medicaid comment, looking at the numbers on the government sites are very telling. Most healthcare facilities work in the red. They are expected (some by law) to serve everyone, despite ability to pay. When we expect oil companies to give gas to everyone despite their ability to pay, or food or any other BUSINESS SERVICE to give their service away to indigents or people who can't pay for it, let me know. It seems that the laws in this regard alone provolk a little "anti-PC" talk here. This is another reason why healthcare in America will -NEVER-, I reapeat, NEVER become a functioning socialized entity. Clinton failed, and she then was bought by the very companies she went after, because she probably had the same epiphany after looking at the system with a microscope. It is broken also, just like our deregulated banking system (thanks Regan).

Some Real Talk on Housing

Guess what-- a lot of the "rebound" theories depend a whole lot on people not losing their jobs. CA gov. just laid off 22,000 workers and minimum-waged (with back pay pending) 200,000 CA gov. workers. NOW tell me who can afford a $300,000 house? Or rather, how many FEWER can afford those extra special houses on the market.

The number is 3X income, not 4. For fundamentals, at least.

2002 prices were the upswing of the bubble. Still too high for most of us. Not to mention I've read elsewhere that there will be a "plateau" that everyone thinks is the bottom, but is a false bottom. You will probably (painfully, it appears) see a couple of false bottoms before things get any better.

As for the 15 year cycle of the CA housing market, this isn't part of that cycle. This was a gigantic bubble comparable to nothing else. This isn't just affecting CA, as you've probably read. Your theory that a quick rebound to the impossible prices seems unrealistic to the "average potential buyer". When I read "this is normal" comments I can't help but think "you just don't 'get it'".

Why the 2008 Housing Relief Bill is No Relief

I have to aggree, while Destroyed by Divorce's story is sad, why should I, a mother with 2 kids who lives in an apartment pay for your pathetic mortgage. If you think you can't rent like the rest of America, check again. We're all a little pissed that we might have to pay -Wellfare- for the already wealthy who made poor investment choices. They took a risk, why should we pay for it? It is an abomination that this Government has just stepped in and tried to control something that is completely out of their control.

But how DARE you make the rest of us try to feel bad that you should keep your HOUSE. A lot of people like to call them "HOMES", but what they really are are HOUSES. 'Home is where the heart is' but HOUSES are for sale. Walk away and save yourself the ranting grief in public comment pages. Spare us the rant of your rather sad and disparaging life and look at this from the point of view of the person on the street who may not have a "good money" job who will wind up paying for big mistakes by other people through a government that no longer represents them, but represents the big conglomerates.

You'll be lucky if this bail out helps you, but remember, you're just as bad as the coke head because you too are stepping on other Americans, just the way he did to you. Feh.

ARM Resets to Hit the Fan in 2008 - WSJ

Isn't Sheila Bair one of Bush's cronies? Sure, that sounds simple enough, but what about all the other people who weren't stupid enough to sign the dotted line on a "liar loan"? What about all the people who didn't lie on their loan application? What about all the people stuck with homes that the value has plummeted on? Do they get a break on their mortgage too? Make one exception...the rest will want one too. Period.

Housing Bust Turns Real Estate Appraisals Upside Down

Real estate appraiser: A person who lies for a fee.

Unemployed real estate appraiser: A person who refuses to lie for a fee.

Housing Bust Turns Real Estate Appraisals Upside Down

"plus hidden concessions and fraud" Seriously. The appraisers are in a catch 22, they don't give an accurate reflection of appraisal and they are never called back. They are the realtor's beotches. They might be snickering at cocktail parties now, but they are just as much part of the problems going on right now.

Think Housing's Bad? You Ain't Seen Nothing Yet

The only houses in Los Angeles you can get for 275,000 is a cardboard box "fixer upper" in a shooting zone. Even the crappiest of houses sell for over 300,000. This data doesn't seem accurate at all. My best "guess" is that the percentage of the fall is waaaaayyyyy off, and must go much lower than you've predicted.