Comments on: Is Renting The New American Dream?

CBS Evening News: Number Of Homeowners Declining Sharply While Renters Soar

[slim1h2o]

Posted by nottellin1 at 05:44 PM : Oct 19, 2008


You''d win the Nobel Peace Prize, if you could......

[nottellin1]

Have to agree with you on most of that. I only wish I knew how to solve this mess because undoubtably we will continue to elect long term politicians.

[apprxam]

would rather have a fed with strength from both parties. This year, quite obviously, the senate & leg will be Dem. With Obama as pres, who knows what they will cook up. At least with Mc Cain, there would be some balance.

Posted by nottellin1

Now that''s a better argument,nottellin1. I can understand this a lot better than McCain would be better than Obama. I happen to agree with that with you, though I doubt Republicans would made the same argument in 2000 & 2004. Neither McCain nor Obama will enact the campaign promises they profess. One thing''s for certein, cuts gotta be made and taxes gonna be raised; plain and simple.


Anyhoo, the President of the United States don''t run sh-i-it anyway, ask Cheney who runs the country. When the new administration comes into office, the beauracracy will once again gain it''s rightful place into power, and congress and the White House will go back to feigning power. As the latest episode on Wall Streets shows; big business, big oil, big miitary and big lobby runs the country, not Palin, Biden, Obama or McCain.....BUSH SHOWED US THAT PLAIN ENOUGH.

[nottellin1]

I would rather have a fed with strength from both parties. This year, quite obviously, the senate & leg will be Dem. With Obama as pres, who knows what they will cook up. At least with Mc Cain, there would be some balance.

[apprxam]

Mr. Cisneros was a typical Clintonite, as well as other RePugz, that held office, left and then profitted from their dirty work. Chapter 11 in NAFTA that allowed the Federal Government to withhold grants from states and localities that sued foreign companies (Mexico & Canada) or enacted laws that restricted them from violating environmental protection and safety rules was sickening enough. And then when they left to becaome the very attornies that helped file those claims, was just another example of rich companies being shielded from the rules, again costing the middle-class and the poor money and health. (WEALTH TRANSFER UPWARDS) and at the expense of the powerless. Please don''t use "class-warfare" or taking form the rich to give to the poor argument, there''s no such thingg.

[apprxam]

You''ve said nothing about his chairing the Commerce Committee that constantly voted down consumer protections in areas of imported products from China and elsewhere; for allowing banks to charge, nationally, a reasonable rate of interest, thereby, nulifing individual states'' usuary laws preventing the over-charging cutomers. Pretection from pernicious banking practices is just as important as lowing tax rates for the general public, which has not occurred under his chairmanship in that committee.

We are not just tax-payors, we take out loans and borrow using credit cards as well. That, sir/ma''ma, is all so wealth transfer to the top tier, which I fine just as objectionaable.

[apprxam]

Homeowner programs were the problem, not the intent. Look, granting homeloans to the poor isn''t the issue. It was using FANNIE MAE as the middle man that allowed banks and mortgage companies to take gross profits by charging high and deceptive rates, charges and penalties for pre-payments. If only the free market aspect of allowing over-payment or refinancing wasn''t blocked, a lot of this bubble would''ve been contained. The market was artificially restricted by forcing unsafisitcated lendees for renegotiating their loans. Just charging them resonable rates, a point or two above prime, not 4-5%, would''ve prenvented the over-saturation of the housing market with too many homes.

The profit motive, not the intent of homeownership for lower income was the problem. Bill Clinton and other RePugNaConz couldn''t resist the impulse of taking advantage of the poor and lower-middle class.

[nottellin1]

I do beleive that John Mc Cain is sincere in his belief of lower taxes for all Americans, has come to believe how the majority of American''s feel about our open borders and actualy intends to make severe spending cuts for obsolete and useless expenditures. I''ve looked at the earmark and pork listings on citizens against government waste, Mc Cain has none. IMO he may lead the Fed Gov in finally, actually cutting spending and I''m hoping that states, cities and the public follow.

I find that a fiscally responsible government is a better choice than a government that wants to "spread the wealth".

[latrocinor-2009]

From The New York Times

"October 19, 2008 - By DAVID STREITFELD and GRETCHEN MORGENSON - Business"

"Henry G. Cisneros The Reckoning, Inflating the Bubble

SAN ANTONIO %u2014 A grandson of Mexican immigrants and a former mayor of this town, Henry G. Cisneros has spent years trying to make the dream of homeownership come true for low-income families.

As the Clinton administration%u2019s top housing official in the mid-1990s, Mr. Cisneros loosened mortgage restrictions so first-time buyers could qualify for loans they could never get before.

Then, capitalizing on a housing expansion he helped unleash, he joined the boards of a major builder, KB Home, and the largest mortgage lender in the nation, Countrywide Financial %u2014 two companies that rode the housing boom, drawing criticism along the way for abusive business practices.

And Mr. Cisneros became a developer himself. The Lago Vista development here in his hometown once stood as a testament to his life%u2019s work..."

Even in the NY Times, a well know lefty rag, the objective stories of what REALLY happened are not interesting.

Since they don''t feed the hate machine and blame the rich and the Republicans who cares?

[apprxam]

nottellin....some tell us what''s great about McCain/Palin.

[apprxam]

Congress is many things, but interest in what''s best for the nation rarely comes to into play. Congress is a group; a group of "indiviual" districts that care for their interest first. Only in times of emergency do "they" have the interest of the "nation" at heart.

The 3rd Congressional District in Michigan cares about the 3rd Congressional District of Michigan fist and foremost. In the calm waters of the ocean, what one calls national interest exsist only in the abstact. (Local interest are universally concrete).

No matter the number of parties, this principle of me first will ALWAYS prevail because we''ve been told/taught that we are a nation of individuals and a high value is placed on that belief.

[nottellin1]

My countrymen and women are so blind right now, continuing to believe that Obama is somehow going to make things in this country better for its citizens. We need to stop ignoring the signs that are staring us in the face, such as

Every time Obama moves up in the polls, the stock market goes down.

Obama continues to talk about cutting taxes for 95 percent of Americans even though he is going to need every bit of tax just to fund our basic expenses, and people still believe him.

40% that he will give a tax break to don%u2019t even pay taxes. Make that 60% after the illegals come out of the shadows.

Pro-amnesty, so we can spread the wealth to new Americans who have no stake in this country to begin with.

Lastly, doesn%u2019t anyone but me see this Renting is the American Dream for what it is, just a setup for lower expectations with an Obama presidency.

I know, I know it is too late for the Obama koolaid drinkers to wake up. Hopefully we will make it out the other side in four years with less damage than Bush has done. I will be holding my nose as I vote for Mc Cain.

[kuei12]

If you think you own ANYTHING in america you are sadly mistaken. You just rent until the government finds a reason to take your things away. Laws are so otta hand that they can come and grab your *** for any reason anymore. You have no protection in america. There is too much corruption. I will never buy a home in america because I don''t want to be on the government''s hit list.

[wl7bzh]

If having to have an education and be rich are a requirement to have a voice in America then the values of this country are in sad shape.time for everyone to step back and look and the motive behind all the evils we face and that is the ugly face of greed....

Posted by tincup356 at 12:39 PM : Oct 19, 2008

Don''t know bout being rich as a requirement..maybe an education tho.

Otherwise, when the minority becomes the majority the candidates will have to promise "free likker, mo welfare, and instant citizenship" in order to get elected.

[apprxam]

It appears to me, Barb, that the American Dream is either to be taken advantage of by big business or watch gleefully while people drown under stiffling debt. Because we aspire, we seem to tolerate full contact, devil-may-care financial processes that wrenches as much money as possible from unassuming and unsafisticated consumers. JUST BECAUSE PEOPLE ARE STUPID DOESN''T MEAN USUARY RATES SHOULD BE USED TO PUT THEM INTO THE POOR HOUSE.

[barbaram99]

Some that is all we can do is rent. And that is getting hard to do. Miss the old days when they rented to ye. Now they want more info that has nothing to do with renting an apt/flat in this nation that is America. American Dreamm what''s that today.

[barbaram99]

We rent. Nope never ownwd a house I

[apprxam]

ACORN, imigrants, FANIEMAE, blacks, Sadam......everything is at fault except the RePugz. Right-wing power since 1980, and that includes the Clintons, the GOPee-ers can''t see past Bill Clinton''s D-i-c-k. RePugNaConz r a bigger joke than the lying as-s liberals.

[apprxam]

What a silly as-s premise. People are losing there homes and CBS'' journalist assumes that this means that homeowners rather rent then own. Forecloesures aren''t usually seen as voluntary and to infer desire from this is.....weird.

[swiftcreek1]

We''ve become a country where those who seek public office by and large are interested in the power and the perks, not in the people they serve, and that goes for BOTH parties.