Comments on: Home Sales Plummet In June

2.6 Percent Drop Double What Was Expected, Fueling Worst Slump In 20 Years

[sistatee-2009]

What, the illegals who work for nothing, and the Chinese slave children who took all our jobs aren''t buying real estate in the United States? Who coulda guessed?

[toldyouso12]

Go with a third party blow the Dems and RePubs out replace them with nothing

Posted by WarDogLRS at 12:10 PM : Jul 24, 2008


That''s right genius. Replace them with nothing or a 3rd party candidate--then watch that candidate go belly up as a lame duck because neither party in Congress will back them. Independent candidates can''t win--because they have no political infrastructure and they all have diverging agendas anyway. But here''s deal our little anarchist--without a functioning government (your nothing) you don''t get squat. Not SS, not health care, not oversight on meds, not police, not military, not bridges or roads or schools, not cheap utilities (they are subsidized) not air and radio wave time, nothing--you get chaos that will make you see even the times of Bush as paradise--why don''t you just say you want he fast track to an Iraqi or Afghani like cultural experience? LMAO

[toldyouso12]

Hmmmmm....as the layoffs continue--the outsourcing and insourcing continues....and Americans still have no jobs or must take lower paying jobs that cannot meet their mortgage--what kind of new bail out will Congress have to offer for the rest of the country? it won''t be based on bad lending--but on their own poor governance...and since each bail out futher weakens the dollar and increases inflation--if they have to bail out the rest of us what will gas and food go to then? 9.50/gal for gas? 23.45 for a package of ground beef?

It''s all interconnected--those who favor bail outs or eternal war at 300 to 500 million dollars a day in Iraq--should all remember this. And don''t look for the laid off consumer to float the economy--because they won''t have the jobs to do so.

[farmerbb]

Watch for the new TV show "Flop This House". This entire problem could have been avoided if those who LENT the money out, had to KEEP that loan. Make a bad loan, and YOU suffer the consequences. Selling these loans to higher and higher groups, was a recipe for disaster. There was no one there to check the loan was "good". Now EVERYONE has to pay to get out of this mess. Except, of course, those who made fat commissions signing up all those bad loans.

[nojoy01]

Ya know, it was a great ride while it lasted. Let''s see, as the bank I''m gonna loan you money to buy a house you can''t afford to pay for. But that''s all right ''cause the housing market has been going nowhere but up. So, when you default on the note you can''t afford, it''s no big deal. We the bank will just ''flip'' the house ourselves, loan more money, & make money off both ends of the deal. And the best part of the whole thing, it''s not my money, it''s the depositors money & if something goes wrong, the Feds can''t possibly let that many people lose that much money. So the Feds will bail us out. Sweet. That''s a win/win for us. Yes, I have, on occasion, been accused of being ''cynical'', but I don''t understand why.

[husein_pasha]

Here the homes or the lots in the good neighbourhoods are expensive, too. I want to nuy a lot and to build something but the prices of the lots are growing like avelanche

[antoniof123]

Stop with the Repubs BS. The Dems do nothing. If the Dem''''s are so wonderful why did they vote for the FISA bill?. Why did they give bush everything he wanted.
Enough of the same ole *** every election.

Go with a third party blow the Dems and RePubs out replace them with nothing

Posted by WarDogLRS at 12:10 PM : Jul 24, 2008

the problem is with the Republicans they used hate for so long that now when they need to catch a break most Americans are tired of listening to them.

Hey if you spend 6 years on a witch hunt and find that the President had *** you are wasting time. That was 1,000 Subpoenas that amounts to 3 a day you fill the country with hate this is what you get in return.

You say that Americans are traitors "your either with us or your with them", this is what you get.

Sorry to burst your bubble but the GOP could have broken the pattern it still remains to be seen if the Democrarts will.

[smiley676]

They dropped in England too.

This is what happens. Home sales were so high, they had to come down.

And the more banks foreclose instead of working with homeowners, the worse it is going to get. No one wants to buy a house in a neighborhood of empty houses.

But what goes up must come down and vice versa.

It is the banks fault for lending $400,000 dollars for a home that was never worth more than $200.000. Also, they knew that property assesors were inflating the value of homes so that they could make the loans. All of it was criminal. The banks should take the hit, and be made to reduce the loans value to the real value, then the customer can afford the new loans, and the banks take the hit. And die.

Things will not get better until homes come back down to normal prices at about $150,000 for a medium priced home. And income must start going up or people will not be able to afford buying a home.

[downsteamjim]

When you sell $250,000 homes to people who cannot possible make the notes, some companies need to go broke. Why should taxpayers bail out scam artists and speculators?

[drivelphobe]

The news just keeps getting better and better. Homes are just too expensive so what''s the problem? The greed of the flippers and scam investors is being justly paid back. Hope they all go belly up.

[r9119111]

With $6.50 an hour,who can afford a home at these prices? I''m for voting out of office every politician who hasn''t done his best to do what is right for the good of all of the American people. I want to see their voting records and with an explanation of what they have voted for and against. I''m an Independent voter and I want to know.

[Gary Kempf]

(CBS/ AP) Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades.

That is because the housing market has a long way to go before they get back to realistic prices....

[wardoglrs]

Stop with the Repubs BS. The Dems do nothing. If the Dem''s are so wonderful why did they vote for the FISA bill?. Why did they give bush everything he wanted.
Enough of the same ole *** every election.

Go with a third party blow the Dems and RePubs out replace them with nothing

[wdrussell1]

Notice when you see these stories.

It is the worst(whatever), in X number of years.
It always takes you back to when another republican was president.

[Michael Arnold]

The Fed runs under its own rules dictated by Wall Street. Makes no difference who is President. Understand that, people.

[antoniof123]

Thank you Repblicans I am certain that I will never vote for a GOP neo con again.

Thank is for certain John McCain.