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  1. 31st May 2011 08:10 PM #1
    Six
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    U.S. home prices suffer double-dip back to 2002 levels

    The housing market is a great overall indicator of things to come and a thumbnail assessment of how the economy is currently being handled.

    For all of the Obama-tards that keep arguing that he's god's gift to mankind here's just one more of a myriad of examples of why he's such a total failure.

    'It's worse than the Great Depression': Home prices suffer double-dip back to 2002 levels | Mail Online
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    aboutenough (31st May 2011), Midwest Media Critic (31st May 2011), Mr. Neo-Con (31st May 2011)
  3. 31st May 2011 08:14 PM #2
    Gypsy
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    I read today that this is normal when home prices are outrageous for a long period of time. It's a correction in the market.
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  5. 31st May 2011 08:19 PM #3
    Mr. Neo-Con
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    Quote Originally Posted by Six View Post
    The housing market is a great overall indicator of things to come and a thumbnail assessment of how the economy is currently being handled.

    For all of the Obama-tards that keep arguing that he's god's gift to mankind here's just one more of a myriad of examples of why he's such a total failure.

    'It's worse than the Great Depression': Home prices suffer double-dip back to 2002 levels | Mail Online


    Hey six, I just love it! Can you say one termer for the idiot in the WH? BTW, I just love the name used Obama-tards. Keep up the great threads! See ya!
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  6. 31st May 2011 08:19 PM #4
    Devil505
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    Quote Originally Posted by Gypsy View Post
    I read today that this is normal when home prices are outrageous for a long period of time. It's a correction in the market.
    Shhh!!
    What's the matter with you Gypsy.......spoiling a perfectly good "I Hate Obama" thread like this?!?

    Hey Obama haters: We got Osama Bin Laden & you guys didn't!
    )
    Last edited by Devil505; 31st May 2011 at 08:24 PM.
    He has all the virtues I dislike and none of the vices I admire.
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  7. 31st May 2011 08:21 PM #5
    Blueneck
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    Quote Originally Posted by Gypsy View Post
    I read today that this is normal when home prices are outrageous for a long period of time. It's a correction in the market.
    I agree completely. How we had such a huge boom in home building with housing prices rising at record levels the whole time never made any sense to me to begin with. Since when does increasing supply of something not result in prices going down? It was backwards economics IMO.
    He who fights with monsters might take care lest he thereby become a monster. ~ Friedrich Nietzsche
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  9. 31st May 2011 08:51 PM #6
    Mr. Neo-Con
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    Quote Originally Posted by Blueneck View Post
    I agree completely. How we had such a huge boom in home building with housing prices rising at record levels the whole time never made any sense to me to begin with. Since when does increasing supply of something not result in prices going down? It was backwards economics IMO.

    What world do you live in? Home prices are not going up. Check out the case schiller index on that.
    Mabe this will help! Case-Shiller Index Shows Home Prices Drop To New Lows | KPBS.org
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  10. 31st May 2011 09:11 PM #7
    Blueneck
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    Quote Originally Posted by Mr. Neo-Con View Post
    What world do you live in? Home prices are not going up. Check out the case schiller index on that.
    Mabe this will help! Case-Shiller Index Shows Home Prices Drop To New Lows | KPBS.org
    Real estate bubble - Wikipedia, the free encyclopedia
    He who fights with monsters might take care lest he thereby become a monster. ~ Friedrich Nietzsche
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  12. 31st May 2011 11:07 PM #8
    aboutenough
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    Quote Originally Posted by Gypsy View Post
    I read today that this is normal when home prices are outrageous for a long period of time. It's a correction in the market.
    Corrections happen normally,but this is more then that. There is lack of confidence in banks to loan money to current buyers unless they have a large down payment. Bad loaning practices have brought the market to what it is.
    "They are clinging to their Bible and Guns" Barak Hussein Obama
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  13. 31st May 2011 11:09 PM #9
    Gypsy
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    Quote Originally Posted by aboutenough View Post
    Corrections happen normally,but this is more then that. There is lack of confidence in banks to loan money to current buyers unless they have a large down payment. Bad loaning practices have brought the market to what it is.
    Add an overvaluation of home prices and you have the current situation.
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  14. 1st June 2011 01:00 AM #10
    wingrider
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    let me know when home prices are at 1965 levels..I might buy a house
    Because whenever unlimited power and self righteous compassion are united, you end up with a bunch of self righteous pricks spending other people's money and patting themselves on the back for being compassionate.

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    never approach a bull from the front, A horse from behind, or a fool from any direction

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