JohnRich 4 #1 August 24, 2010 News:Existing Home Sales Hit 15-Year Low Sales of previously owned U.S. homes dropped more steeply than expected in July to their lowest pace in 15 years, an industry group said Tuesday, implying further loss of momentum in the economic recovery. The housing market is also being hampered by the weakening economic recovery. Unemployment remains stuck at 9.5 percent and many potential buyers worry they might not have a job to pay the mortgage...Source: http://www.cnbc.com/id/38830968 "Change" Quote Share this post Link to post Share on other sites
turtlespeed 226 #2 August 24, 2010 QuoteNews:Existing Home Sales Hit 15-Year Low Sales of previously owned U.S. homes dropped more steeply than expected in July to their lowest pace in 15 years, an industry group said Tuesday, implying further loss of momentum in the economic recovery. The housing market is also being hampered by the weakening economic recovery. Unemployment remains stuck at 9.5 percent and many potential buyers worry they might not have a job to pay the mortgage...Source: http://www.cnbc.com/id/38830968 "Change" I don't mind a little up and down fluctuation, but this is just rediculous. i feel like I'm back in the Crater - I uh - mean Carter years.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
winsor 236 #3 August 24, 2010 QuoteNews:Existing Home Sales Hit 15-Year Low Sales of previously owned U.S. homes dropped more steeply than expected in July to their lowest pace in 15 years, an industry group said Tuesday, implying further loss of momentum in the economic recovery. The housing market is also being hampered by the weakening economic recovery. Unemployment remains stuck at 9.5 percent and many potential buyers worry they might not have a job to pay the mortgage...Source: http://www.cnbc.com/id/38830968 "Change" Buckle up, kiddies; we are still going full steam ahead toward the cliff and there is no way to avoid it. The outcome will be as fun as trying to survive a BASE jump with a well-executed PLF. We have been saying "charge it!" for a generation and the rest of the world is still honoring our credit, but they can not do so for very much longer. The first time we try to buy oil and the people who have it say "uh, okay, but we don't take dollars," things will get interesting - and there will be no turning back. What we have gone through for the last couple of years is merely a warm up. BSBD, Winsor Quote Share this post Link to post Share on other sites
livendive 8 #4 August 24, 2010 QuoteQuoteNews:Existing Home Sales Hit 15-Year Low Sales of previously owned U.S. homes dropped more steeply than expected in July to their lowest pace in 15 years, an industry group said Tuesday, implying further loss of momentum in the economic recovery. The housing market is also being hampered by the weakening economic recovery. Unemployment remains stuck at 9.5 percent and many potential buyers worry they might not have a job to pay the mortgage...Source: http://www.cnbc.com/id/38830968 "Change" I don't mind a little up and down fluctuation, but this is just rediculous. i feel like I'm back in the Crater - I uh - mean Carter years. What do you remember of the Carter years? In any case, while Winsor is right (and that trend is bipartisan), this drop in housing was completely predictable. Most buyers rushed to buy while there was still an $8500 tax credit on the table. Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
billvon 3,133 #5 August 24, 2010 People can't sell their homes! The economy isn't doing well! In other words, it's a great day for conservatives. Let's hope that the US economy doesn't recover and that homeowners don't see any hope; I imagine right wingers would be miserable if that happened. Quote Share this post Link to post Share on other sites
skyrider 0 #6 August 24, 2010 Quote People can't sell their homes! The economy isn't doing well! In other words, it's a great day for conservatives. Let's hope that the US economy doesn't recover and that homeowners don't see any hope; I imagine right wingers would be miserable if that happened. Gotta be the most off the wall post I've read in months! Makes no sense at all! Whatever happened to moderators being "moderate"? Quote Share this post Link to post Share on other sites
billvon 3,133 #7 August 24, 2010 >Makes no sense at all! Simple. Back when the depression was starting, the right wingers were mightily pretending that there was no recession at all. "It's a bad day to be crying the R word!" claimed one poster. They could not accept anything anyone bad said about the economy because that reflected poorly on "their" president, and they reacted angrily to any suggestion that the economy was not doing so great. Now they are ecstatic about bad economic news, and post it gleefully with snarky comments to make it clear that they are trying to link it to Obama. They seem very happy - and the worse the economy gets, the happier they are. They hope that the economic misery of US citizens will reflect poorly on Obama - and that's all many of them care about. Make any sense now? Quote Share this post Link to post Share on other sites
turtlespeed 226 #8 August 24, 2010 Quote Make any sense now? Absolutely! It sounds JUST LIKE the Dems are talking, hoping that the economy will fail.I'm not usually into the whole 3-way thing, but you got me a little excited with that. - Skymama BTR #1 / OTB^5 Official #2 / Hellfish #408 / VSCR #108/Tortuga/Orfun Quote Share this post Link to post Share on other sites
kelpdiver 2 #9 August 24, 2010 QuoteQuote Make any sense now? Absolutely! It sounds JUST LIKE the Dems are talking, hoping that the economy will fail. Indeed, Bill, I'm not sure this is really any different than the Democrats were in early 2008. Quote Share this post Link to post Share on other sites
Amazon 7 #10 August 24, 2010 Quote Quote People can't sell their homes! The economy isn't doing well! In other words, it's a great day for conservatives. Let's hope that the US economy doesn't recover and that homeowners don't see any hope; I imagine right wingers would be miserable if that happened. Gotta be the most off the wall post I've read in months! Makes no sense at all! Whatever happened to moderators being "moderate"? Dom.. it does make sense.. the PARTY OF NO..... is doing EVERYTHING in their power to make it so... they have a vested interest in keeping the mess they created as fucked up as they can keep it. Quote Share this post Link to post Share on other sites
Lucky... 0 #11 August 25, 2010 QuotePeople can't sell their homes! The economy isn't doing well! In other words, it's a great day for conservatives. Let's hope that the US economy doesn't recover and that homeowners don't see any hope; I imagine right wingers would be miserable if that happened. Yea, think of the workforce willing to work for 1/2 what they command in a Democrats market. Quote Share this post Link to post Share on other sites
Lucky... 0 #12 August 25, 2010 Quote>Makes no sense at all! Simple. Back when the depression was starting, the right wingers were mightily pretending that there was no recession at all. "It's a bad day to be crying the R word!" claimed one poster. They could not accept anything anyone bad said about the economy because that reflected poorly on "their" president, and they reacted angrily to any suggestion that the economy was not doing so great. Now they are ecstatic about bad economic news, and post it gleefully with snarky comments to make it clear that they are trying to link it to Obama. They seem very happy - and the worse the economy gets, the happier they are. They hope that the economic misery of US citizens will reflect poorly on Obama - and that's all many of them care about. Make any sense now? Perfect sense, just like when McCain's advisor called all the economically misserable people, "whiners." Quote Share this post Link to post Share on other sites
Lucky... 0 #13 August 25, 2010 QuoteQuote Make any sense now? Absolutely! It sounds JUST LIKE the Dems are talking, hoping that the economy will fail. I fail to see the Dem celebration under GWB. Maybe I told you so's, but not, "YES, WE WON." Quote Share this post Link to post Share on other sites
TriGirl 349 #14 August 25, 2010 The article goes on to say what I see in my neighborhood -- that new home builders are actually making money. Existing homes are less attractive in my town because the developers started building again on all the empty lots that were left behind two years ago. I know I'd rather have a brand new home, warranty and all, and get to choose the cabinets, etc up front, than to pay the same price for a pre-existing home that I have to spend more money to update.See the upside, and always wear your parachute! -- Christopher Titus Shut Up & Jump! Quote Share this post Link to post Share on other sites
JohnRich 4 #15 August 25, 2010 QuoteThe article goes on to say what I see in my neighborhood -- that new home builders are actually making money. Existing homes are less attractive in my town because the developers started building again on all the empty lots that were left behind two years ago. I know I'd rather have a brand new home, warranty and all, and get to choose the cabinets, etc up front, than to pay the same price for a pre-existing home that I have to spend more money to update. That's contrary to what I'm hearing from my brother, who is an architect for a developer in NC. They used to build and sell 20 new homes a month, and now he's laid off because they're only selling one or two. Quote Share this post Link to post Share on other sites
