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October 12, 2008 at 4:21 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286453October 12, 2008 at 4:21 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286746
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Participant[quote=DWCAP]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
[/quote]I agree about the tech bubble, in the 90’s that was the time when the internet and computers became a commonplace feature in the household because technology made it affordable at that time. I don’t really see the government having to do much with that.
October 12, 2008 at 4:21 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286764Participant[quote=DWCAP]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
[/quote]I agree about the tech bubble, in the 90’s that was the time when the internet and computers became a commonplace feature in the household because technology made it affordable at that time. I don’t really see the government having to do much with that.
October 12, 2008 at 4:21 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286792Participant[quote=DWCAP]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
[/quote]I agree about the tech bubble, in the 90’s that was the time when the internet and computers became a commonplace feature in the household because technology made it affordable at that time. I don’t really see the government having to do much with that.
October 12, 2008 at 4:21 PM in reply to: Thank you Clinton for the Sub-Prime Boom! 1999 NYT Article #286795Participant[quote=DWCAP]
No, the surplus Clinton is given credit for was due to the tech bubble. People were day trading stocks like crack and it generated HUGE tax$$$. When it all burst in 2000, it didnt show up till 2001 when we had a new prez. He then latched onto 9/11 as a chance to make a name for himself and get reelected/keep repub’s in power. Fiscal disaplin in the repub’s broke down then in a rush to get reelected and we ended up roughly doubling our national debt. The housing bubble was used/created to limit the pain of the 1990’s stock bubble.
[/quote]I agree about the tech bubble, in the 90’s that was the time when the internet and computers became a commonplace feature in the household because technology made it affordable at that time. I don’t really see the government having to do much with that.
ParticipantIf it wasn’t an election year, things may have been different.
ParticipantIf it wasn’t an election year, things may have been different.
ParticipantIf it wasn’t an election year, things may have been different.
ParticipantIf it wasn’t an election year, things may have been different.
ParticipantIf it wasn’t an election year, things may have been different.
Participant[quote=sdrealtor]Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.[/quote]
There are many 3 and some 4bdr homes in that range, but they are tract style, although few really look like tract homes, definitely not like tract homes in San Diego where the person next door or across the street has the same house. My mother sold a 3bdr a few miles away from the poster’s location for about that range, it was around 1600 sqft.
People in these areas can buy a home while still in college, which worked out really well for people I knew in the midwest.
Participant[quote=sdrealtor]Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.[/quote]
There are many 3 and some 4bdr homes in that range, but they are tract style, although few really look like tract homes, definitely not like tract homes in San Diego where the person next door or across the street has the same house. My mother sold a 3bdr a few miles away from the poster’s location for about that range, it was around 1600 sqft.
People in these areas can buy a home while still in college, which worked out really well for people I knew in the midwest.
Participant[quote=sdrealtor]Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.[/quote]
There are many 3 and some 4bdr homes in that range, but they are tract style, although few really look like tract homes, definitely not like tract homes in San Diego where the person next door or across the street has the same house. My mother sold a 3bdr a few miles away from the poster’s location for about that range, it was around 1600 sqft.
People in these areas can buy a home while still in college, which worked out really well for people I knew in the midwest.
Participant[quote=sdrealtor]Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.[/quote]
There are many 3 and some 4bdr homes in that range, but they are tract style, although few really look like tract homes, definitely not like tract homes in San Diego where the person next door or across the street has the same house. My mother sold a 3bdr a few miles away from the poster’s location for about that range, it was around 1600 sqft.
People in these areas can buy a home while still in college, which worked out really well for people I knew in the midwest.
Participant[quote=sdrealtor]Is it just me? Doesn’t $300K sound like a lot of money for a house in Norman, Oklahoma? I thought homes there would be $159K.[/quote]
There are many 3 and some 4bdr homes in that range, but they are tract style, although few really look like tract homes, definitely not like tract homes in San Diego where the person next door or across the street has the same house. My mother sold a 3bdr a few miles away from the poster’s location for about that range, it was around 1600 sqft.
People in these areas can buy a home while still in college, which worked out really well for people I knew in the midwest.
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