Reagan Warned Us About Obama

Hear that?

That's Reagan turning in his grave ...

What a sad state of affairs we're in today. I don't see us coming out of it anytime soon. I've pretty much lost hope.

http://www.panderingpoliticians.com/201 ... eagan.html

http://www.charlotteobserver.com/2012/0 ... nding.html

SMITTY wrote:Hear that?

That's Reagan turning in his grave ...

What a sad state of affairs we're in today. I don't see us coming out of it anytime soon. I've pretty much lost hope.

I do. I think we're on the way to a recovery. Housing is starting to pick up and that's a big indicator.

SMITTY, when someone like you starts to lose hope & faith I get concerned--that's not you my friend--we been in worse spots & pulled ourselves up from the pits-- Hell, most of us been down & out before, but lived to tell about it. Thems that ain't, this is a real good lesson in humility. Beats the hell out of 40 days of rain, & lets face it--how many people could build an ark in this day & age--that's right, NOT computer generated.

Housing is up but who is buying? There are a bunch of foreclosures within a mile from me. They can't even get those sold.

SuperBeetle wrote:Housing is up but who is buying? There are a bunch of foreclosures within a mile from me. They can't even get those sold.

I agree. The only people buying are bottom feeders. Not much new construction base on my buddy that is a builder. He seems to be selling more duplexes than anything with little profit.

Steve, Steve. Housing is picking up because the gov. owns tens of thousands of foreclosed homes. If you are the right color, a vet, a single woman with children, have no credit at all, you can get one for as little as $250 down. ( believe me, I get asked those questions a bunch and have the facts thrown in my face) I however have to have 30% down and even with stellar credit, I can't borrow money. Go figure! So who do you think is "recovering"? Ahhh, the O rewarding all those voting poor,minorities, and special groups.
I have never had a problem getting a new vehicle, but it was a struggle recently to get financing. Why?? And with all this cheap money around, I have been looking at refinacing the few loans I have. Guess what? They slammed my credit rating for trying to make a smart move for me financially. The whole system is rigged against ACHIEVERS. Better to be dumb and hold your hand out.
As soon as they shuffle these homes back into the market who is going to make the payments? Remember the true unemployment #? And if they get them cheap does that lower the valuations of surrounding homes therefore stealing their equity? (I estimate I lost 30 to 40% already on my Maine homes) And will the assessors at the state and local level bring down the assessments to reflect this to be fair? How about the formulas based on appraisal of local towns for reimbursement from the states? So now you have more people paying more for their home then it is worth and this is going to fuel a recovery? And how are they going to feel about the new neighbors that got something for nothing at their expense?

It just creates another can of worms when you give things to special groups because someone has to pay.
I think vets should get preferential treatment, they earned it generally. Not all of them however. Combat veterans and wounded/maimed soldiers and other designated high risk positions. That will probably start an argument but I know guys that spent years in the service and never left the US. Some never left a desk.

Kevin

I am a builder also, there is no recovery here according to the contractors (big ones) I speak with. And the economy is better here then most places in the US.

KL, there ARE a lot of things available for combat Vets out here.YES, specifically combat vets. I know this will not be agreed with in some circles, but those BIG contractors (just generalizing) are the ones that build the junk( pretty houses) & charge 4 X's more then what they're worth sure don't help anything.AND, then the banks were approving mortages on people that in no way could afford them. This is not a new song & dance. In this area, the few new houses that are going up are much better quality & much more realistically priced--the shuckster contractors are fading away somewhat-- and that is real good---land price is what kills ya up this way. My being on the property tax greivenance board, I can tell you that if someone has a bitch & comes in with the proper documentation, things are resolvd. It's not about what the owner THINKS he/she should be taxed--it's real black & white, again, in this area. Like SZ said, I see improvement in the housing market. Possibly in just our 2 areas?????

Not disagreeing with that Fred, and not anti vet benefits. I am a small builder and I dont effect the economy of a region like the big guys do. Yes, the houses they build are junk and overpriced. And the land is the problem here also. But the market in housing is not upticking from new construction. Not with so many foreclosures available cheap.

Kevin

I know Steves area well, and an uptick in housing is more then 3 houses this year.

Kevin

I do. I think we're on the way to a recovery. Housing is starting to pick up and that's a big indicator.

2 million in shadow inventory and that is at least. Housing is going nowhere for a generation. I like an optimist and you are right that without housing the economy is going nowhere but c'mon Steve wake up. Just in case there is a breath of life left in that market which I doubt, Obummer will kill the interest rate deduction and that is that as they say.

With the USA hovering near the cusp of negative birth rates (I believe that may have already been reached among caucasions), will there actually be a need for endless new houses and condos and shopping malls and subdivisions etc... going forward?

I had a tiny smidgen of hope for this country of ours but after the apathy in this election and watching that video even it's gone. There is no hope. Forward, Forward, over the edge we go.

It ain't happening. The hot thing to be right now is in additions and renovations. I am starting work tomorrow with a company that does only that. I have been contacted by 2 people today for renovations/maintenance/painting type jobs. The big boys are looking for subsidized low income housing and down town renovations to keep going. All at taxpayer expense. There are a few large big money houses going up but they are being hurt by the fact that I can find any number of 1 million dollar houses on the market (foreclosures). And some for several millions.
Property in an area that is considered the next boom place, already cleared by the Ringgold tornado, is going for $20,000/acre. No roads, no water, no sewer, nothing but a 2 lane road going by. 13 acre lots for $250,000

Kevin