baldguy

Housing Bubbles and Bottoms - Light at the End of the Tunnel?

I do not think that the charts are applicable in our situation today unless you make some big adjustments for the cost of owning a home today versus in the past. As a home owner since the early 70s, I can assure you that the cost of ownership, taxes, insurance, utilities, and maintenance have increased greatly %wise over the years. The cost of the real estate tax in our area, the midwest has gone from about 1.2 % of home value in the early 90's to about 2.7 % today. Thats a huge increase of just one item which has to figured in.

There's Unemployment ... And Then There's Unemployment

I must agree with some parts of the above comments. We must send the illegals back to where they came from. 7,000,000 plus of them should open up at least 3,000,000 jobs for US citizens, and don't give me that c##p about "jobs Americans won't do", it doesn't fly. It would also give some relief to our social systems and infrastructure. The old way of immigration, putting limits on it, and doing away with, if U are my 17th cuz U can come to the USA c##p, and just not letting every Tom Dick and Harry in here will help a great deal with the job market.

Housing: Not Cheap Enough?

I agree jswede. You must also factor in the afordibility issue.A lot of people have been forced out of the housing market by the huge jump in their cost of living. The cost of food, energy, healthcare, and taxes, which affect each and everyone of us, coupled with the stagnation of the income of the lower and middle class, have put the American Dream out of reach for millions.

Protectionism vs. Pragmatism

I think we have tried the " Free Trade" route and have run up a great deficit.
There can be imports and exports but they must be on a level playing field. US business cannot compete with someone overseas paying $2 a day wages and no import duties to even it up. We also cannot reward our business community for taking their jobs overseas. I do believe that this is why we do not make much anymore and our manufacturing base has gone away. What does everyone think-thumb me up or down.

Why Do Two Wrongs Have to Make a Political Compromise?

I believe that as long as the "stimulas packages" , wither they are tax cuts or spending, are geared to proping up the consumer so they can spend-spend-spend-with $ they do not really have, we are doomed to a very long and painful time. The cure will be the return to making "stuff" right here in the good old USA and not in some other country. The "stimulas packages"
must be designed to this end or they are not going to work in the long haul.

Blaming HGTV for the Housing Bubble Is Just Plain Silly

I want the names and phone #s of the buyers on these shows-BOY HAVE I GOT A DEAL FOR THEM!!!! ;)

Thank Goodness for Government … Work

Informative article-looks like that without our gov deficit spending we were down over 2 1/2 % Ouch!

GM Proves There Is an Alternative to Bailouts

How is it that the working man is the bad guy in this story. The mismanagement, obnoxious big boy salaries, and not doing their due dilligence had nothing to do with it? Tell the whole story with all the TRUE facts or quit putting out your drivel!!

Newfoundland vs. AbitibiBowater?

I think the author has an ax to grind-the company seems to have violated the terms of the original agreement. This article has no place here.

Time for the American Government and People To Confront Reality

I basicly agree, everyone needs to grow up and take responsibility for their own actions. No one held a gun to anyones head to sign a mortgage, they might have convinced them to do so, but in the end the individual must do their own due diligence and make their own decision.

Government's Next Lesson: Small Is Beautiful

I agree. The large corps. bought their way into our congress years ago and got the deregulation they wanted and here we are.

October Housing Affordability Surges to Highest Level Since 2002

this guy has got to be on the NAR payroll!!

No Real Estate Bubble in Central U.S.

I live in NE, bought my home in 1991 and sold it in 2003 for 3 times the market price I purchased it for. NO housing bubble? This guy needs to get a life-he sure as hell does not research his facts! and since when is $225k to $300 plus k affordable for the normal working people??