JOHN KERRY DOCUMENTARY ON HIS VIEWS ON IRAQ!!!
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This is not true. My father is in real estate...interest rates are at an all time low and sales for real estate are up...very up. He sold more houses last year than the 3 previous years combined. If you ever watch the news, you would know that real estate is one of the least volatile markets right now and that sales are very high. Oh and he doesn't sell $million homes either, so it's not just the extremely wealthy that are buying homes. Maybe you should also consider where you live...sure real estate is always a hell of a lot higher in beach areas. That really isn't news though, most people who live on or near the beach are very wealthy. I think with a $60K income you would defiantely be able to find something, maybe just not on the beach.~Pam
I like it dark and dirty!!!Comment
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Re: JOHN KERRY DOCUMENTARY ON HIS VIEWS ON IRAQ!!!
interesting, but doesn't really bring back a loss of 87 billion dollars, nor did it rebuild iraq's infrastructure, nor did it end terrorism, nor did it bring down gas prices.
complete waste of money and time, imo.Comment
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This is not true. My father is in real estate...interest rates are at an all time low and sales for real estate are up...very up. He sold more houses last year than the 3 previous years combined. If you ever watch the news, you would know that real estate is one of the least volatile markets right now and that sales are very high. Oh and he doesn't sell $million homes either, so it's not just the extremely wealthy that are buying homes. Maybe you should also consider where you live...sure real estate is always a hell of a lot higher in beach areas. That really isn't news though, most people who live on or near the beach are very wealthy. I think with a $60K income you would defiantely be able to find something, maybe just not on the beach.
Pam- I think your looking at things from the wrong angle. As of note, I recently bought my first house. So I am fully aware of how 'hot' the market is.
Interest rates are low due to the Federal Reserve cutting them to boost the economy. The chairman of the FR is Alan Greenspan who has been designated Chairman by Reagan, Bush, Clinton, and Bush. When the economy starts to suffer they lower the rates to stir things up. You say interest rates are down as if they are a good thing. They are only down because our current economy is shit. You father may have sold the most homes ever but did you consider the whole picture?
My company has cut over 40,000 jobs since 9/11 (this is a very conservative figure. Most of those laid off were forced to sell their homes to downgrade to smaller cheaper homes. These, now bargan priced homes (some would have to sell fast) combined with the super low interest rates makes for a hot real estate market. Which is why your father probably saw such a ramp up in sales. Also keep in mind that previous times in history the same effect would be seen when rates were lowered.
I think looking at real estate sales by itself can be a bit misleading. Since I would consider it a necessity rather than a luxury. If you want real economic gauges look at things like new car sales, consumer electronics.
I do agree that the economy is beginning to come out of its slump but merely because it inevatible(sp?). There are 4 stages to the economic cycle. Economic boom, slowdown, recession, and recovery. The only factor Bush & Co. can attempt to control is time. Which I believe he has done a poor job of.
Anyways back to the real estate market. Its a bad guage to the economy, and as BeachBum said housing prices are out of control. Its the same reason you are starting to see banking instutions offering 40 year fixed loans. This indicates to me that home prices are outpacing salaries (inflation anyone?). Also how many people do you know that have taken out ARM's (I know a whole lot). What happens when the rates start to rise again? I hope it doesen't happen because I would get the short end of the stick but I think there's a real estate bubble thats soon gonna burst, kinda like what people saw during the early 80's if not worse."They who would give up an essential liberty for temporary security, deserve neither liberty or security." -Benjamin FranklinComment
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Re: JOHN KERRY DOCUMENTARY ON HIS VIEWS ON IRAQ!!!
link is broken.
Do you have another link?JourneyDeep .into the soundComment
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This is not true. My father is in real estate...interest rates are at an all time low and sales for real estate are up...very up. He sold more houses last year than the 3 previous years combined. If you ever watch the news, you would know that real estate is one of the least volatile markets right now and that sales are very high. Oh and he doesn't sell $million homes either, so it's not just the extremely wealthy that are buying homes. Maybe you should also consider where you live...sure real estate is always a hell of a lot higher in beach areas. That really isn't news though, most people who live on or near the beach are very wealthy. I think with a $60K income you would defiantely be able to find something, maybe just not on the beach.
Pam- I think your looking at things from the wrong angle. As of note, I recently bought my first house. So I am fully aware of how 'hot' the market is.
Interest rates are low due to the Federal Reserve cutting them to boost the economy. The chairman of the FR is Alan Greenspan who has been designated Chairman by Reagan, Bush, Clinton, and Bush. When the economy starts to suffer they lower the rates to stir things up. You say interest rates are down as if they are a good thing. They are only down because our current economy is shit. You father may have sold the most homes ever but did you consider the whole picture?
My company has cut over 40,000 jobs since 9/11 (this is a very conservative figure. Most of those laid off were forced to sell their homes to downgrade to smaller cheaper homes. These, now bargan priced homes (some would have to sell fast) combined with the super low interest rates makes for a hot real estate market. Which is why your father probably saw such a ramp up in sales. Also keep in mind that previous times in history the same effect would be seen when rates were lowered.
I think looking at real estate sales by itself can be a bit misleading. Since I would consider it a necessity rather than a luxury. If you want real economic gauges look at things like new car sales, consumer electronics.
I do agree that the economy is beginning to come out of its slump but merely because it inevatible(sp?). There are 4 stages to the economic cycle. Economic boom, slowdown, recession, and recovery. The only factor Bush & Co. can attempt to control is time. Which I believe he has done a poor job of.
Anyways back to the real estate market. Its a bad guage to the economy, and as BeachBum said housing prices are out of control. Its the same reason you are starting to see banking instutions offering 40 year fixed loans. This indicates to me that home prices are outpacing salaries (inflation anyone?). Also how many people do you know that have taken out ARM's (I know a whole lot). What happens when the rates start to rise again? I hope it doesen't happen because I would get the short end of the stick but I think there's a real estate bubble thats soon gonna burst, kinda like what people saw during the early 80's if not worse.~Pam
I like it dark and dirty!!!Comment
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Re: JOHN KERRY DOCUMENTARY ON HIS VIEWS ON IRAQ!!!
^^^
I've seen the same thing here in Washington in terms of new developments. I realize that you were pointing out out that people are buying houses like crazy, but my point was its not because the price is right but more out of necessity (people getting into smaller houses). Also in regards of new houses they are typically cheaper to buy that older homes, at least around here (no appliances, window coverings, cheap materials).
Below is an article I stumbled across today. Particularly of note is the following paragraph:
Earlier this month the U.S. Commerce Department reported a 0.7 percent dip in spending for June (a much steeper drop than the 0.1 percent drop economists were expecting), and the decline was attributed to the fact that job growth hasn't come back in yet, and personal income growth had been slight. That means residents of major metro areas such as New York or Chicago may rightfully grumble that they're paying boom economy prices for real estate in a non-booming economy.
Housing prices are continuing to rise and people are continuing to stretch using ARM's and 40 year mortgages and other means to get into homes."They who would give up an essential liberty for temporary security, deserve neither liberty or security." -Benjamin FranklinComment
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This is not true. My father is in real estate...interest rates are at an all time low and sales for real estate are up...very up. He sold more houses last year than the 3 previous years combined. If you ever watch the news, you would know that real estate is one of the least volatile markets right now and that sales are very high. Oh and he doesn't sell $million homes either, so it's not just the extremely wealthy that are buying homes. Maybe you should also consider where you live...sure real estate is always a hell of a lot higher in beach areas. That really isn't news though, most people who live on or near the beach are very wealthy. I think with a $60K income you would defiantely be able to find something, maybe just not on the beach.The man who has no imagination has no wings - Muhammad AliComment
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Re: JOHN KERRY DOCUMENTARY ON HIS VIEWS ON IRAQ!!!
The link now works.. must have exceeded bandwidth before. Anyway this isn't funny at all, it's the truth and frightens the hell out of me. I don't know why this didn't cause more of a stir up than Sinclair. Maybe 'cause it was paid for by the Republican party. If you are voting for Kerry ONLY because you are anti-war and unhappy that President Bush went to war with Iraq... you better watch this video and then come up with a better excuse to vote against Bush.JourneyDeep .into the soundComment
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