A perfect storm brewing 2010-2012?

[poorgradstudent]

On the one hand, to my knowledge everything pencilneck listed in the original post is factually correct, and reason for concern house prices will keep falling.

On the other hand, the employment forecast for late 2010 into 2011 is pretty good. Job losses have mostly stabilized, and sooner or later job growth will start. The “green shoots” are growing a bit more. So the employment picture will get a little better.

I actually expect housing to be pretty flat for the next two years. No serious further collapse in price, but no sudden rebound either.

[ucodegen]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!!

Who said that propping up housing prices is not f——- what it touches. I guess it could depend upon what side of the house transaction one is.

If you already bought at the peak, it may help rescue you from the bad decision that you made by ‘following the crowd’. This would be at the expense of a new buyer or the taxpayers in general.

If you are a new buyer, it will force you to rent or pay an inflated price for shelter. That inflated price may lock you into a location for years.

If you are a bank, it may rescue you from a bad loan that you made.. but at the expense to the taxpayers.

It all depends upon the ‘point of view’.

[ucodegen]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!!

Who said that propping up housing prices is not f——- what it touches. I guess it could depend upon what side of the house transaction one is.

If you already bought at the peak, it may help rescue you from the bad decision that you made by ‘following the crowd’. This would be at the expense of a new buyer or the taxpayers in general.

If you are a new buyer, it will force you to rent or pay an inflated price for shelter. That inflated price may lock you into a location for years.

If you are a bank, it may rescue you from a bad loan that you made.. but at the expense to the taxpayers.

It all depends upon the ‘point of view’.

[ucodegen]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!!

Who said that propping up housing prices is not f——- what it touches. I guess it could depend upon what side of the house transaction one is.

If you already bought at the peak, it may help rescue you from the bad decision that you made by ‘following the crowd’. This would be at the expense of a new buyer or the taxpayers in general.

If you are a new buyer, it will force you to rent or pay an inflated price for shelter. That inflated price may lock you into a location for years.

If you are a bank, it may rescue you from a bad loan that you made.. but at the expense to the taxpayers.

It all depends upon the ‘point of view’.

[ucodegen]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!!

Who said that propping up housing prices is not f——- what it touches. I guess it could depend upon what side of the house transaction one is.

If you already bought at the peak, it may help rescue you from the bad decision that you made by ‘following the crowd’. This would be at the expense of a new buyer or the taxpayers in general.

If you are a new buyer, it will force you to rent or pay an inflated price for shelter. That inflated price may lock you into a location for years.

If you are a bank, it may rescue you from a bad loan that you made.. but at the expense to the taxpayers.

It all depends upon the ‘point of view’.

[ucodegen]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!!

Who said that propping up housing prices is not f——- what it touches. I guess it could depend upon what side of the house transaction one is.

If you already bought at the peak, it may help rescue you from the bad decision that you made by ‘following the crowd’. This would be at the expense of a new buyer or the taxpayers in general.

If you are a new buyer, it will force you to rent or pay an inflated price for shelter. That inflated price may lock you into a location for years.

If you are a bank, it may rescue you from a bad loan that you made.. but at the expense to the taxpayers.

It all depends upon the ‘point of view’.

[Rich Toscano]

[quote=briansd1]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I allow political discussion (and any discussion, really) in the OT forums, but threadjacking a non-political post and trying to turn it political is not allowed. If anyone wants to continue the political aspect of this discussion, please start a new thread.

Thanks,
Rich

[Rich Toscano]

[quote=briansd1]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I allow political discussion (and any discussion, really) in the OT forums, but threadjacking a non-political post and trying to turn it political is not allowed. If anyone wants to continue the political aspect of this discussion, please start a new thread.

Thanks,
Rich

[Rich Toscano]

[quote=briansd1]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I allow political discussion (and any discussion, really) in the OT forums, but threadjacking a non-political post and trying to turn it political is not allowed. If anyone wants to continue the political aspect of this discussion, please start a new thread.

Thanks,
Rich

[Rich Toscano]

[quote=briansd1]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I allow political discussion (and any discussion, really) in the OT forums, but threadjacking a non-political post and trying to turn it political is not allowed. If anyone wants to continue the political aspect of this discussion, please start a new thread.

Thanks,
Rich

[Rich Toscano]

[quote=briansd1]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I allow political discussion (and any discussion, really) in the OT forums, but threadjacking a non-political post and trying to turn it political is not allowed. If anyone wants to continue the political aspect of this discussion, please start a new thread.

Thanks,
Rich

[scaredyclassic]

isn’t it impossible to spearate out housing prices and politics? It seems like an intrinsically political discussion.

[scaredyclassic]

isn’t it impossible to spearate out housing prices and politics? It seems like an intrinsically political discussion.

[scaredyclassic]

isn’t it impossible to spearate out housing prices and politics? It seems like an intrinsically political discussion.

[scaredyclassic]

isn’t it impossible to spearate out housing prices and politics? It seems like an intrinsically political discussion.

[Author]

Posts