Breaking news, home sales fall

[Bindare_Dundat]

Realtors' group says pending home sales in January fell 7.7% to the lowest level since records began in 2001. More soon.

[Soul Crusher]

Realtors' group says pending home sales in January fell 7.7% to the lowest level since records began in 2001. More soon.

Why would anyone with half a brain buy a home right now with what the govt is doing?

Unless you get a huge deal in a foreclosure, buying a home now is utterly like throwing money out window.

[MuscleMcMannus]

Why would anyone with half a brain buy a home right now with what the govt is doing?

Unless you get a huge deal in a foreclosure, buying a home now is utterly like throwing money out window.

Yes once inflation hits from all this printing of money home prices will keep falling.  Exactly what the government is trying to prevent. 

[Soul Crusher]

Yes once inflation hits from all this printing of money home prices will keep falling.  Exactly what the government is trying to prevent. 

The govt is doing the opposite of what should happen on every single front. 

[Hedgehog]

What do you guys think about temporarily nationalizing the banks instead of these constant bailouts?

[Deicide]

What do you guys think about temporarily nationalizing the banks instead of these constant bailouts?

Let them all go under and let the competent take them over...

[Soul Crusher]

What do you guys think about temporarily nationalizing the banks instead of these constant bailouts?

Ha ha.  In your dreams. 

The income tax started at 1% too.

Tolls on bridges in NYC were supposed to be temporary too.

[Deicide]

Ha ha.  In your dreams. 

The income tax started at 1% too.

Tolls on bridges in NYC were supposed to be temporary too.

I think the country needs to go to total shit for something real to happen, meaning near total collapse; only after that can people really rebuild.

[Hedgehog]

Ha ha.  In your dreams. 

The income tax started at 1% too.

Tolls on bridges in NYC were supposed to be temporary too.

I understand you being sceptical.
But over here in the 90's, a couple of banks were nationalized when they were in really bad shape. Had they collapsed, millions of people would've been affected.
then a few years later when their economies where in order, the government got out.

It helped secure the financing for businesses for a few years.

 

[Soul Crusher]

I understand you being sceptical.
But over here in the 90's, a couple of banks were nationalized when they were in really bad shape. Had they collapsed, millions of people would've been affected.
then a few years later when their economies where in order, the government got out.

It helped secure the financing for businesses for a few years.

 

You need to look at history as an indicator of the future.

Nothing the govt ever does is temporary. 

Like Jim Cramer said last night - "Anything Obama & Pelosi touch they will destroy"

[Deicide]

I understand you being sceptical.
But over here in the 90's, a couple of banks were nationalized when they were in really bad shape. Had they collapsed, millions of people would've been affected.
then a few years later when their economies where in order, the government got out.

It helped secure the financing for businesses for a few years.

 

Igelkot, you constantly make the mistake of attempting to paint perfect analogies between Sweden and the USA. They are vastly different and it is false to think that what works for Sweden, a tiny country by comparison can work equally well for the USA.

[MB]

Interest rates should be raised dramatically.  No one is selling their home right now anyways, so why not reward people for saving money?

[Soul Crusher]

Interest rates should be raised dramatically.  No one is selling their home right now anyways, so why not reward people for saving money?

Because people's credit card payments will go up and people are already tapped out. 

I agree about savings, but we are in a real pickle where almost no matter what we do right now will result in negative effects.

[Hedgehog]

You need to look at history as an indicator of the future.

Nothing the govt ever does is temporary. 
 

It was in the example I gave.
But Deicide is right - I shouldn't make analogies between two so completely different countries.
The point is that it can work.
Perhaps that in such a big federal system it's bound to fcuk up.

[MB]

Because people's credit card payments will go up and people are already tapped out. 

I agree about savings, but we are in a real pickle where almost no matter what we do right now will result in negative effects.

Agree, there are negative effects to any move right now, but we can't save everybody.  People with credit card debt and variable rate mortgages will suffer, but that low hanging fruit has to be purged in order for things to get better.

[Deicide]

It was in the example I gave.
But Deicide is right - I shouldn't make analogies between two so completely different countries.
The point is that it can work.
Perhaps that in such a big federal system it's bound to fcuk up.

I believe this. I think the system works well in Scandinavia because the countries are so small and have tiny populations.

[MuscleMcMannus]

I believe this. I think the system works well in Scandinavia because the countries are so small and have tiny populations.

Scandinavian countries live off their profits from oil and natural resources.  A majority of economy does not have to produce anything.  So socialims works well for them.