Goober, real estate property etc. is cyclical based as someone stated on interest rates etc. My house value dropped and artes bumped up a bit, having an arm my payments got bumped up...so what? It will turn around after a year or 2....but in the mean time my house which I have owned for just 3 1/2 years has provided me with a gain of 30% in equity...a drop off of even 5% would not get me worried......it will comeback...meanwhile the stock market is blowing up, my portfolio has gained 11% in the last year…..that’s is cyclical as well….and those retirees the dems told us 2 years ago were in the dumps due to poor market growth etc. are now doing quite well...

Meanwhile, a jump of 6% in durable goods orders is a 6 year high..come on, you're being selective ....

and micheal, the deficit is at 1.9% of gdp, that is far from a crisis...

__________________
No individual can plan his own existence in their view.

So the state planners must arrogate to themselves the right to manipulate any sector of the economic system if the good of “society” or the “general welfare” is paramount.

Ipso- if the rights of the individual get in the way, the rights of the individual must be sublimated.

The Road to Serfdom
FA Hayek (interpretation)


Mortgage Backed Security survivor

From what I understand (and I've read a lot on the subject as I've been looking into buying my first home for a little while), a lot of the cooling off of the real-estate market has to do with a combination of factors. Rising interest rates certainly seem to discourage new buyers - that much is true. However, I think a lot of the cooldown can be attributed to people making improvident decisions when interest rates were low. I personally know several people (and apparently this is a nation-wide phenomenon) that took advantage of new types of loans to buy houses they couldn't actually afford (ARM's, balloon loans, etc) and now they're having to pay the piper after several years of unnaturally low mortage payments. This causes a group of people that are desparate to sell (and GWB cannot be blamed for their lack of foresight). In addition, real estate investors (again, I know several) that have bought homes with the intention of simply sitting on them and letting them appreciate are having to lower their asking prices because the demand for new houses was artificially high for so long and has collapsed.

Blaming the swoon in home values on Bush is like blaming the burst of the .com bubble on Clinton.

__________________
"Government big enough to supply everything you need is big enough to take everything you have... The course of history shows that as a government grows, liberty decreases."

-Thomas Jefferson

take the couple of trillion dollars used to finance the tax cuts, and put it into the credit markets, and interest rates are lower, and the economy is better off.

__________________
“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”

Adam Smith , The Wealth of Nations 1776

"We have always known that heedless self-interest was bad morals; we know now that it is bad economics"
FDR's second Inaugural Address

And yet "record deficits" have been accompanied by historically LOW interest rates!


Gee, the same bush economy that has produced the longest and largest sustained increase in median prices ever recorded over a comprable period?

What frigin brand of crack are you smokin' in your pipe? Housing sales and interest rates are still chugging along at levels NEVER seen under the Clinton administration:

__________________
"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!"

----Denny Crane

You really just need to drop the subject. You are wrong. Everyone has told you that you are wrong and yet to continue to babble about a subject you clearly do not understand.

__________________
"Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we."

President George W. Bush, 8-5-2004

Carolina Politics Online

THIS IS REAL HOPE AND CHANGE!

Yep, and if you are going to buy a house this could be a buyers market and maybe a more friendly buyers market in months to come. Which is good for you if you're in the market to buy. I don't see anything wrong with the buyer having a few years of a friendly market no more then I thought it was unfair for sellers to have a friendly market. Nothing is static.

Actually, making any comparisons at all or trying to draw parallels between the .com bubble and any housing "bubble" is patently absurd. Unlike the .com bubble where companies literarly vanished into worthless paper, that simply doesn't happen with housing.

__________________
"It's a good feeling to shoot a bad guy. Something you democrats would never understand. Americans are homesteaders, we want a safe home, keep the money we make, and shoot bad guys!"

----Denny Crane

"Everyone has told me", you mean a couple of right wing wackos who don't understand economics, that's not quite everyone.

__________________
“ The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”

Adam Smith , The Wealth of Nations 1776

"We have always known that heedless self-interest was bad morals; we know now that it is bad economics"
FDR's second Inaugural Address

goober, put down the kool-aid and get help. seriously.

__________________
I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat . . . I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of the money."
-- Barney Frank, October 20, 2008