AP- new home sales worst on record

[merrill]

First off we need to review history and how it relates to trashed economies. Then we need to consider who were the instruments involved in killing the economies and their devastation level. From there we can convene into legitimate discussion...

After spending so so many decades in Washington D.C on tax dollar payrolls RINO’s are sure they learned all they needed to know about taking YOUR money and establishing reckless economies by way of Facism = more big government!

Introducing the Republican Job Killing Platform Written In Stone:

1. TABOR is Coming by Grover Norquist and Koch Bros sells out state governments, public schools,SRS services etc etc to private industry = Grab Your Wallets!
Beware: TABOR Is Coming | Dollars & Sense

2. Bailing out The Reagan/Bush Savings and Loan Heist aka home loan scandal sent the economy out the window costing taxpayers many many $$ trillions (Cost taxpayers $1.4 trillion), Plus millions of jobs, loss of retirement plans and loss of medical insurance.
The Bush family and the S&L (Savings and Loan) Scandal

3. Bailing out the Bush/Cheney Home Loan Wall Street Bank Fraud cost consumers $ trillions, millions of jobs, loss of retirement plans and loss of medical insurance. Exactly like the Reagan/Bush home loan scam. Déjà vu can we say. Yep seems to be a pattern.
What is the difference between a Ponzi scheme and a housing bubble? | Dollars & Sense

4. Bush/Cheney implied more than ONLY 3 financial institutions instead of several were at risk so why $700 billion in bail out money? One of the biggest lies perpetrated to American citizens. Where did this money go? Why were some banks forced to take bail out money?
"Good Billions After Bad"

5. Tax cuts m= the ENTITLEMENT program for the wealthy which do nothing to make an economy strong or produce jobs. Tax cuts are a tax increase to others in order to make up the loss in revenue = duped again.

Still A Bad Idea – Bush Tax Cuts aka The ENTITLEMENT program for the wealthy at the expense of the middle class = duped one more time.
Still a Bad Idea | Dollars & Sense

 

[Harry Dresden]

New home sales are the lowest since they have been keeping records and the AP adds that unemployment is up but "the trend is encouraging". If anybody ever doubted the liberal media's slavish promotion of liberal administrations all you have to do is look at the happy face the AP tries to put on bad news for Barry.

Yep, and New Unemployment Claims rose this week.

Notice how they ignored both these facts and trump the pathetic 2.8% Growth (which is sure to be revised down in the Future if History has anything to say)

lol

Imagine , post christmas layoff of temp workers.

Gee what a surprize

then why were you and your boyfriend Chris harping about those temporary jobs at Christmas time?.....remember both of you saying how Un-Employment was down?.....when it was pointed out to you two numbskulls that its Christmas and the jobs are temporary your reply was......"why are you against people getting jobs?"......different story now is it?.....your a Dishonest Fuck "Truth"........

 

[Chris]

Home sales are up.

We don't need any new homes until the inventory comes down.....which is what is happening.

 

[Chris]

Yep, and New Unemployment Claims rose this week.

Notice how they ignored both these facts and trump the pathetic 2.8% Growth (which is sure to be revised down in the Future if History has anything to say)

lol

Imagine , post christmas layoff of temp workers.

Gee what a surprize

then why were you and your boyfriend Chris harping about those temporary jobs at Christmas time?.....remember both of you saying how Un-Employment was down?.....when it was pointed out to you two numbskulls that its Christmas and the jobs are temporary your reply was......"why are you against people getting jobs?"......different story now is it?.....your a Dishonest Fuck "Truth"........

Unemployment will continue to drop as the economy continues to heat up.

I kind of feel sorry for you....you seem to be stuck in some kind of fantasy world.

 

[merrill]

Home sales are up.

We don't need any new homes until the inventory comes down.....which is what is happening.

My banker advised me this past week that financial institutions are sitting on millions of homes that have been foreclosed as a result of the Bush/Cheney/Paulson fiasco. They are not on the market per se. The market is flooded with empty roof tops as we speak.

Time to find a real estate person with the know how and dig one of these up. Some of these homes were virtually stripped of light fixtures,door knobs etc etc etc etc. It's an effort to keep housing prices artificially higher than true market value.

If one is in the market a right low ball offer would be in order. No one knows when or if
the economy will recover from the repub RINO boom town economy fraud scheme.

One smart move came from this banker conference. Refinancing our mortgage at a wayyyyy low LOCKED IN Rate = sweetly reduced monthly payments and significantly reduced length of mortgage. Plus remodeling money all for wayyyyyyy less money.

 

[merrill]

Since the new brand of republicans aka RINO surfaced it is simply stupid to base the economy on housing starts. Because RINO's manipulate a boom town economy then sucker consumers into spending wayyyy too much money.

Then as always the boom town economy crashes leaving millions without jobs and homes
following up with a multi trillion dollar bailout forced on consumers. What the hell for? A mammoth fraud perpetrated on consumers and the crooks go free.

Last I remember reading was 10 million homes were on the market.

 

[whitehall]

Home sales hit 11-month high | Reuters




(Reuters) - Home sales hit an 11-month high in December and the number of properties on the market was the fewest in nearly seven years, pointing to a nascent recovery in the housing sector.

The National Association of Realtors said on Friday existing home sales increased 5 percent to an annual rate of 4.61 million units, with all four of the nation's regions recording gains.

Sales of both multifamily and single-family homes rose.

The problem is that the NAR includes foreclosures and bargain priced forced sales in their figures. Trying to put a happy face on the value of real estate it is like admiring Joan Rivers plastic surgery.

 

[merrill]

Home sales hit 11-month high | Reuters




(Reuters) - Home sales hit an 11-month high in December and the number of properties on the market was the fewest in nearly seven years, pointing to a nascent recovery in the housing sector.

The National Association of Realtors said on Friday existing home sales increased 5 percent to an annual rate of 4.61 million units, with all four of the nation's regions recording gains.

Sales of both multifamily and single-family homes rose.

The problem is that the NAR includes foreclosures and bargain priced forced sales in their figures. Trying to put a happy face on the value of real estate it is like admiring Joan Rivers plastic surgery.

New housing starts are in the dumps I believe and it would not take much to hit an 11 month high under the circumstances.

Next time any politician is talking up the economy you ask..... where are those 11 million jobs that Bush/Cheney lost?

After 19 million have been re-employed you know the economy is again looking quite solid.

 

[JakeStarkey]

Who is putting a happy face on American realty?

Grow up.

 

[Zander]

Since the new brand of republicans aka RINO surfaced it is simply stupid to base the economy on housing starts. Because RINO's manipulate a boom town economy then sucker consumers into spending wayyyy too much money.

Then as always the boom town economy crashes leaving millions without jobs and home
following up with trlllion dollar bailout forced on consumers. What the hell for? A mammoth fraud perpetrated on consumers and the crooks go free.

Last I remember reading was 10 million homes on the market.

Ok Merrill- what is a RINO ?

 

[merrill]

Who is putting a happy face on American realty?

Grow up.

Used car sales people posing as elected politicians.

 

[Harry Dresden]

Imagine , post christmas layoff of temp workers.

Gee what a surprize

then why were you and your boyfriend Chris harping about those temporary jobs at Christmas time?.....remember both of you saying how Un-Employment was down?.....when it was pointed out to you two numbskulls that its Christmas and the jobs are temporary your reply was......"why are you against people getting jobs?"......different story now is it?.....your a Dishonest Fuck "Truth"........

Unemployment will continue to drop as the economy continues to heat up.

I kind of feel sorry for you....you seem to be stuck in some kind of fantasy world.

are you denying you were talking about unemployment going down at Christmas?.....or are you mad because i said you were Truth's boyfriend?.....which is it?....

 

[whitehall]

Since the new brand of republicans aka RINO surfaced it is simply stupid to base the economy on housing starts. Because RINO's manipulate a boom town economy then sucker consumers into spending wayyyy too much money.

Then as always the boom town economy crashes leaving millions without jobs and home
following up with trlllion dollar bailout forced on consumers. What the hell for? A mammoth fraud perpetrated on consumers and the crooks go free.

Last I remember reading was 10 million homes on the market.

RINO? Here's the deal in a nutshell. Early in Clinton's first term with a solid democrat congress they decided that everyone should be able to realize the American dream of owning their own home regardless of their ability to pay for it. Banks were forced to make risky and downright bad loans or risk certain civil rights litigation and the bad publicity that goes along with it if they refused and Fannie Mae would back up the bad loans. The federal government pulled off a scam worthy of organized crime. Fannie Mae was loaded up with no-show board members who were political hacks and the bad loans were laundered through Fannie and bundled up with good loans and sold back to lenders as good loans. The scam lasted about a decade until it collapsed under the weight of crooks like Frank Raines who walked away with 90 Million for three years work as Fannie CEO by cooking the books and showing a fake profit tied to his bonuses. When democrats regained the majority in both houses midway into George Bush's 2nd term Barney Frank who was chairperson of the House Banking Committee which had oversight of Fannie Mae told Americans that Fannie was doing fine while it was in desperate trouble. Fannie Mae collapsed on Frank's watch and brought the whole economy down with it.

 

[merrill]

Since the new brand of republicans aka RINO surfaced it is simply stupid to base the economy on housing starts. Because RINO's manipulate a boom town economy then sucker consumers into spending wayyyy too much money.

Then as always the boom town economy crashes leaving millions without jobs and home
following up with trlllion dollar bailout forced on consumers. What the hell for? A mammoth fraud perpetrated on consumers and the crooks go free.

Last I remember reading was 10 million homes on the market.

Ok Merrill- what is a RINO ?

RINO = a hybrid wild animal hanging around the BUSHES in North America aka USA.
These RINO hybrids facist call themselves republicans because they know if they reveal
their true identity voters would deport RINO's to the mountains of Afghanistan in the heart of Sunni/Taliban homesteads. Very close to Pakistan. Another location for the deports would be the Iraq areas contaminated with depleted uranium powder authorized by RINO's.

Can you trust a RINO with the real estate industry and financial institutions? No Hybrids believe in crime as a legitimate industry which requires big time financing to support
their high dollar lifestyles.

 

[Listening]

What a useless thread.

Facts are facts.

New Home Sales are in the tank.

Housing prices in some markets are lower than they were 20 years ago.

People should see just how bad the economy is when good deals like this are not being picked up at an even faster pace.

Hows that 12% real unemployment working out for you ?

 

[JakeStarkey]

Since the new brand of republicans aka RINO surfaced it is simply stupid to base the economy on housing starts. Because RINO's manipulate a boom town economy then sucker consumers into spending wayyyy too much money.

Then as always the boom town economy crashes leaving millions without jobs and home
following up with trlllion dollar bailout forced on consumers. What the hell for? A mammoth fraud perpetrated on consumers and the crooks go free.

Last I remember reading was 10 million homes on the market.

RINO? Here's the deal in a nutshell. Early in Clinton's first term with a solid democrat congress they decided that everyone should be able to realize the American dream of owning their own home regardless of their ability to pay for it. Banks were forced to make risky and downright bad loans or risk certain civil rights litigation and the bad publicity that goes along with it if they refused and Fannie Mae would back up the bad loans. The federal government pulled off a scam worthy of organized crime. Fannie Mae was loaded up with no-show board members who were political hacks and the bad loans were laundered through Fannie and bundled up with good loans and sold back to lenders as good loans. The scam lasted about a decade until it collapsed under the weight of crooks like Frank Raines who walked away with 90 Million for three years work as Fannie CEO by cooking the books and showing a fake profit tied to his bonuses. When democrats regained the majority in both houses midway into George Bush's 2nd term Barney Frank who was chairperson of the House Banking Committee which had oversight of Fannie Mae told Americans that Fannie was doing fine while it was in desperate trouble. Fannie Mae collapsed on Frank's watch and brought the whole economy down with it.

Both parties, Erkle, are at fault. Let me help you with the dates, though I suspect you know.

1993 & 1994: Clinton, the Dems control congress
1995 to 2000: Clinton, the Pubs control congress
2001 to 2006: Bush, the Pubs control congress with some interference in the Senate from the Dems
2007 to 2008: Bush, the Dems control congress (note it was 3/4s not 1/2 into Bush's administration

Both presidents and both parties were mutually complicit.

 

[merrill]

There is nothing on paper that says commit fraud to sell homes

There is nothing on paper that says sell people homes who have no jobs or cannot afford to buy the home being offered.

A lot of deregulation etc etc etc etc took place under Reagan/Bush...

Bailing out the Bush/Cheney Home Loan Wall Street Bank Fraud cost consumers $ trillions, millions of jobs, loss of retirement plans and loss of medical insurance. Exactly like the Reagan/Bush home loan scam. Déjà vu can we say. Yep seems to be a pattern.

Elizabeth Warren advised the Bush admin of the coming economy wreck
Hmmmmmmmmmm

Now:
Often, government plays a role in bubbles. The housing bubble was in part generated by the Federal Reserve maintaining low interest rates. Easy money meant readily obtainable loans and, at least in the short run, low monthly payments.

Also, Fed Chairman Alan Greenspan denied the housing bubble’s existence—not fraud exactly, but deception that kept the bubble going. (Greenspan, whose view was ideologically driven, got support in his bubble denial from the academic work of the man who was to be his successor, Ben Bernanke.)

In addition, government regulatory agencies turned a blind eye to the highly risky practices of financial firms, practices that both encouraged the development of the bubble and made the impact all the worse when it burst.

Moreover, the private rating agencies (e.g., Moody’s and Standard and Poor’s) were complicit. Dependent on the financial institutions for their fees, they gave excessively good ratings to these risky investments. Perhaps not fraud in the legal sense, but certainly misleading.

And, yes, substantial fraud was involved. For example, mortgage companies and banks used deceit to get people to take on mortgages when there was no possibility that the borrowers would be able to meet the payments.

Not only was this fraud, but this fraud depended on government authorities ignoring their regulatory responsibilities. ( Regulatory Arm/Enforcer = Bush and Paulson admin)
What is the difference between a Ponzi scheme and a housing bubble? | Dollars & Sense

 

[NYcarbineer]

New home sales are the lowest since they have been keeping records and the AP adds that unemployment is up but "the trend is encouraging". If anybody ever doubted the liberal media's slavish promotion of liberal administrations all you have to do is look at the happy face the AP tries to put on bad news for Barry.

The trend is positive.

Home-builder gauge hits 4.5-year high - Economic Report - MarketWatch

It's not spin.

 

[bigrebnc1775]

Do you know the differance between new and exsisting home sales?


Sorry to ruin your dreams of bad times for this country.

I know you love it when Americans are in pain.

Trying to derail another thread I see.
They know the difference. It is you that keeps bring up existing homes.
This thread and the other is about new homes. New home sales are more important because they have to be built and that means more people are working.
You don't want to deal with the topic because it puts Obama in a bad light.

Shes clueless.

 

[merrill]

It could be spin.

It could be the real estate industry sending false signals regarding the economy in hopes of pushing sales. Deception and sales can sleep in the same bed.