Housing market on the rise

Discussion in 'Politics' started by The VOR, Dec 4, 2012.

  1. The VOR
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    The VOR BANNED

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  2. Luddly Neddite
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    Luddly Neddite Diamond Member

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    Yep, and 30 months of new jobs. For other accomplishments, check out my sig.

    What have the pubs done?

    Well, they're maneuvering to raise our income and payroll taxes. Anyone who does not know that's what the golf pro is up to has not been paying attention.

    Other than that, not a god damn thing. Nothing. The pubpots actually take pride in doing nothing BUT filibustering from their cell phones (yep, there's an app for that now) and never even bothering to go to their offices.

    Where are the pubpots?

    The usless bastards are out xmas shopping.
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    One cannot help but wonder what the impact will be of:

    1. Elimination of the mortgage deduction
    2. The inevitable increase in interest rates once the Chinese refused to purchase our debt at near ZIRP.
     
  4. g5000
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    g5000 Diamond Member

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    Other countries have removed their mortgage interest deduction with no change in home ownership resulting from it.

    The mortgage interest deduction is added into the price of a house.


    .
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The OP is crying up an increase in prices as a sign of recovery. If the mortgage deduction is eliminated and prices fall, what will that be?
     
  6. Toro
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    Toro Diamond Member

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    The housing market has little to do with the White House or Congress. Several programs have passed that have only had a marginal effect on mortgages.

    The housing market is starting to improve because the market has slowly been absorbing the excess inventories built up during the last decade.
     
  7. KissMy
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    KissMy Free Breast Exam

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    Crazy shit could happen if someone get's a hold of a congressmans cell phone or the system gets hacked.
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    If I were buying a home, I'd want the lack of mort. int. ded. taken OFF the price of the home. Must be a buyer's market over there in them other countries.
     
  9. KissMy
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    KissMy Free Breast Exam

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    It helps lure the surf's into debt & keep them busting ass to make payments.
     
  10. Rozman
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    Rozman Gold Member Supporting Member

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    And how many lost?
    UE stuck at 8% for most of Obama's first term...
    Record number of Americans on food stamps...
    Many will admit the economy is stuck in the mud...

    What exactly are you guys thanking Obama for. :confused:
     

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