Comments on: A housing recession! http://donklephant.com/2008/12/03/a-housing-recession/ Big Teeth. Huge Ass. Surprisingly Reasonable. Mon, 23 Nov 2009 03:05:09 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: John Burke http://donklephant.com/2008/12/03/a-housing-recession/comment-page-1/#comment-427310 John Burke Fri, 05 Dec 2008 05:47:35 +0000 http://donklephant.com/?p=11652#comment-427310 UPDATE -- 12/5/08 -- I guess they heard me! The New York Times reports today that The Fed now wants to help homeowners fend off foreclosures and the Treasury is working on a plan to subsidize new long-term mortgages at rates as low as 4.5% to stimulate home buying. UPDATE — 12/5/08 — I guess they heard me! The New York Times reports today that The Fed now wants to help homeowners fend off foreclosures and the Treasury is working on a plan to subsidize new long-term mortgages at rates as low as 4.5% to stimulate home buying.

]]> By: Captain Obvious http://donklephant.com/2008/12/03/a-housing-recession/comment-page-1/#comment-427084 Captain Obvious Thu, 04 Dec 2008 03:12:56 +0000 http://donklephant.com/?p=11652#comment-427084 Nice headline…dumbass. Maybe that’s because home prices weren’t so inflated as they were before this recession. When a 1,000 sq ft home with 1bath costs 600k in San Diego and actually sells at that price, which they did 3 years ago and it is considered a “steal", yeah, it’s not going to hold it’s value, nor anything resembling that. That’s like saying the Yahoo stock you bought for $150 during the dot com boom "didn't hold it's value" after the boom went bust..........this was the biggest housing bubble EVER....there is no precedent for type of housing increase we saw. Nice headline…dumbass. Maybe that’s because home prices weren’t so inflated as they were before this recession. When a 1,000 sq ft home with 1bath costs 600k in San Diego and actually sells at that price, which they did 3 years ago and it is considered a “steal”, yeah, it’s not going to hold it’s value, nor anything resembling that. That’s like saying the Yahoo stock you bought for $150 during the dot com boom “didn’t hold it’s value” after the boom went bust……….this was the biggest housing bubble EVER….there is no precedent for type of housing increase we saw.

]]> By: Jason http://donklephant.com/2008/12/03/a-housing-recession/comment-page-1/#comment-427082 Jason Thu, 04 Dec 2008 01:42:25 +0000 http://donklephant.com/?p=11652#comment-427082 Yes this recession is different. First you see people shouting in glee that yes we are in a recession. Then consider the political infighting that we see daily. This infighting causes all parties to give money to whomever in hopes of getting votes during the next election cycle. Our leaders are not putting our nation’s best interest first. They are selfish imbeciles that need to grow up a play with each other’s toys. Yes it is true that we see a recession about every three years, and when we do they usually last about 8.5 months. This time politics will bring to the table spending and their denial of the situation won’t get us out of this mess. http://nomedals.blogspot.com Yes this recession is different. First you see people shouting in glee that yes we are in a recession. Then consider the political infighting that we see daily. This infighting causes all parties to give money to whomever in hopes of getting votes during the next election cycle.

Our leaders are not putting our nation’s best interest first. They are selfish imbeciles that need to grow up a play with each other’s toys.

Yes it is true that we see a recession about every three years, and when we do they usually last about 8.5 months. This time politics will bring to the table spending and their denial of the situation won’t get us out of this mess.

http://nomedals.blogspot.com

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