How and why the US housing market causing the collapse is complete B.S.

[JMJ]

I agree home prices will likely go lower, how much is a open question.... It's still a great time to buy considering where interest rates are right now.

I heard on the news yesterday that the Median Home price in the USA is 240K.

Record U.S median home price drop to $183,300 probably is not the bottom

"Even more troubling, the median home price plunged 11.3% to $183,300 in October, from $206,700 in October 2007.
http://www.bloggingstocks.com/2008/1...bly-is-not-th/


Existing home sales plummet nationwide in November

"The median price of existing homes dropped 13.2 percent to $181,300 in November from $208,800 in November 2007, according to a report Tuesday from the National Association of Realtors."

http://www.bizjournals.com/sanfranci...2/daily31.html

[tas38]

Right now is the time to buy a house if you want to live in it, with the fixed rates so low you'll save lots more over the years. It's not like homes are going to be worthless, and you wait till the ave mean hits 100k or some thing. Rents have not went down much at all, what really worth the money is the land it's on.

Buying the right house and the best land is what you want to do right now, many buy homes and tear them down then build new there. Location location and location, it's the land at it's location that really matters the most.

[JuniperPark]

Record U.S median home price drop to $183,300 probably is not the bottom

"Even more troubling, the median home price plunged 11.3% to $183,300 in October, from $206,700 in October 2007.
http://www.bloggingstocks.com/2008/1...bly-is-not-th/

Funny how it's "troubling" when prices become more affordable to families, but apparently not so "troubling" when prices shoot to rediculous highs that only the very wealthy and those destined for bankruptcy can afford.

The NAR should DIE, they are lying, theiving bastards.

Now is a TERRIBLE time to buy - average home prices falling $25k per year + real estate commisions means you will be DEEPLY UNDERWATER by this time next year, with no way out.

[jdk]

Refinancing rates are 4.75% fixed for 30 years. They were 5% last week. Does anyone know of any sites with trustworthy predictions about where the rates will go? We are considering refinancing, but we were told they should get down to around 4% for refinancing. The same bank offers first-time home loans for around 4% right now and they will likely go down too.

[JMJ]

Here's another video to watch on the monetary system and well, what life would be like without it for those that haven't seen it Zeitgeist Addendum

[JMJ]

.

Looks like your dictator is greasing you guys up for a good screwing.

Brace for a big, 'comprehensive' budget: Harper

The government may have to take "big comprehensive action" over the next three to five years to deal with the economic crisis, Prime Minister Stephen Harper said Friday, adding that the next federal budget will be one of the biggest in a long time.

http://www.cbc.ca/canada/story/2009/...er-budget.html

[ilovedomains]

Looks like your dictator is greasing you guys up for a good screwing.

Brace for a big, 'comprehensive' budget: Harper

The government may have to take "big comprehensive action" over the next three to five years to deal with the economic crisis, Prime Minister Stephen Harper said Friday, adding that the next federal budget will be one of the biggest in a long time.

http://www.cbc.ca/canada/story/2009/...er-budget.html

Canada is 1/10 the size of the US. If we were as bad off as you, we would need to run a 100 billion dollar deficit.

The big comprehensive action Canada may have to take...
http://www.financialpost.com/story.html?id=1091451
"OTTAWA -- The Department of Finance has acknowledged that its 11-year run of budget surpluses is at an end, and now forecasts a deficit next year of at least $5-billion"

[JMJ]

Canada is 1/10 the size of the US. If we were as bad off as you, we would need to run a 100 billion dollar deficit.

The big comprehensive action Canada may have to take...
http://www.financialpost.com/story.html?id=1091451
"OTTAWA -- The Department of Finance has acknowledged that its 11-year run of budget surpluses is at an end, and now forecasts a deficit next year of at least $5-billion"

Your national debt due to the same system of fractional reserve central banking system depending on exchange rates isn't much different. Like I said give him a few weeks until when he announces his plan and he'll take care of that for ya.