Obama, his economy and the effects it had on the new housing market

Discussion in 'Politics' started by Zona, Aug 26, 2009.

  1. Zona
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    Zona A guy in ariZONA

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    New Home Sales Climb Nearly Ten Percent

    Sales of newly built homes jumped 9.6 percent in July, rising for the fourth month in a row and adding more evidence that the housing market is on the mend.

    washingtonpost.com


    The report reaffirms the positive trends reflected in other national housing market indicators. Yesterday, two closely watched indexes found that home prices were rising in most parts of the country. Home sales, construction activity and builder confidence have all risen in recent months.

    I guess that 8k incentive worked really well?

    If this link is unacceptable, please let me know, there are plenty talking about this today.
     
    Last edited: Aug 26, 2009
  2. Zona
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    Zona A guy in ariZONA

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    No comments...? I am hurt dammit.
     
  3. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Wait a god damn minute!

    Do you mean to say that the economy is getting better?
    You must be mistaken because everyone knows that Obama's spending is leading this country to economic ruin
     
  4. RadiomanATL
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    RadiomanATL Senior Member

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    *shrug*

    I reject your premise. I still think we're in "Bush's" economy. I have Bush in quotes because I believe that an administration has only a small effect on the direction of the economy in the short term. Only over the long haul does an administration's policies manifest themselves in economics...usually in an unexpected way, but there is no definite timeline. Boil that down even more, we're just now at the end of "Clinton's" economy for the most part.

    Sure, some policies have an immediate effect, but the policies that usually have a lasting effect take awhile to show results.
     
  5. xsited1
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    xsited1 Agent P

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    You mean people actually took 'free' money from the government? That's deep.
     
  6. concept
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    concept Evil Mongering

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    He inherited that from Bush too.

    You can't have it both ways lib.
     
  7. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    The housing market reflects consumer confidence in the economy and strength in other sectors. If you have lost your job, or even fear losing your job, you will not be looking for a new house.
    If your stock portfolio has been wiped out, you are not looking to expand your house.

    As consumer confidence and the stock market recovers....housing will improve
     
  8. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    I hope this trend continues and doesn't follow the same effect pattern of the govt spending during the great depression.

    I hope its not a "dead cat bounce"

    I wish the job market would follow the housing sales trend, hopefully this month we will actually gain some jobs for a change, its been what 9 months of steady job loss now?
     
  9. Dr.House
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    Dr.House Lives on in syndication!

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    Cool...

    Now all those newly laid off workers can buy houses...
     
  10. DiveCon
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    DiveCon gone

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    yeah, and just wait till those folks have to actually start paying on those mortgages
     

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