Comments on: Report: Foreclosures Will Sap U.S. Cities

Metro Areas Face Billions Of Dollars In Lost Economic Activity Next Year

[westprophet]

YOU LIVE IN INTERESTING TIMES
America is tipping way too far back in her easy chair. Something BIG is about to happen, and I predict this upcoming 2008 Presidential Election will be extremely pivotal. I''m not going to name any candidates. You probably already know who my favorite one is. But let me make my point absolutely clear: If you think times are boring, think again. If you think the future is predictable, think again. My advice to everyone who reads this is to be thoughtful. Trust only that wisdom which is your own. 90% of mainstream media in this country is controlled by fewer than 20 different organizations. Unfortunately, they, like the sold-out political ****** who pretend tp serve us in Washington, were bought and paid for by the military-industrial complex decades ago. Therefore, mainsteam media will paint pictures they want to paint, and people will open their minds to pictures they want to see. So, be skeptical. Be wise. Research issues and talking points on your own, and share what you learn with those you love. The future of your family tree may lay in the balance.

[eastprophet]

WERE HAVING A TEA PARTY! YOU''RE INVITED
As we all know, freedom isn''t free in this country. Therefore, in the wake of our successful fundraising event of November 5th, in which we all came together to raise $4.2 million dollars for Ron Paul''s campaign, we''ve set yet another date for an even bigger fundraiser. This one will take place on December 16th: a very important date for people who love freedom and hate tyranny to ring the Liberty Bell, and let our sold-out, globalist, political ****** and their mainstream media enablers know that good Americans are mad as hell, and that we''re not going to take it anymore. December 16th is the 224th aniversary of The Boston Tea Party: an act of protest by the American colonists against the tyranny of Great Britain where the Sons of Liberty boarded British ships and dumped crates of tea overboard into Boston Harbor. It was a key event which helped to spark the American Revolution, and we hope this event will, likewise, add additional spark to our own 21st Century political revolution to restore peace, prosperity and freedom to our Republic by helping elect a President whose record of adherance to The Constitution is unmatched by anyone in American politics. Please join us this December 16th for the largest one-day political donation event in history. Our goal is to bring together 100,000 people to donate $100 each, creating a one day donation total of $10,000,000. The time to act is now. The time for Ron Paul is NOW! TeaParty07.com

[southprophet]

RON PAUL WILL RESTORE U.S. SOVEREIGNTY
All of the trade deals and world government organizations, which all of the presidential candidates support (except Ron Paul), such as the ICC, NAFTA, GATT, WTO, and CAFTA, are all a major threat to our nation''s sovereignty. They transfer power from our government to unelected foreign elites. The ICC wants to try our soldiers as war criminals. Both the WTO and CAFTA could force Americans to get a prescription to take herbs and vitamins. The WTO has forced Congress to change our laws to meet their needs, and not our own. If anything, the WTO makes trade relations worse by giving foreign competitors a new way to attack U.S. jobs. The NAFTA superhighway, being built by a Spanish company, is just one part of a plan to erase our borders and create the North American Union, a single nation State like the EU, out of Canada, the U.S. and Mexico, with a new, unelected bureaucracy and money system. Forget about controlling immigration under the NAU scheme. There won''t be any borders anymore, or a free America. Our limited, constitutional government will be gone forever. Let''s not forget the UN either. It wants to impose a direct Carbon Tax on us. Ron Paul successfully fought this move in Congress last year, but if we are going to stop ongoing attempts of this world government body to rule over us, we need someone in the White House who knows how to say "No." We must withdraw from any organizations or treaty that infringes upon our nation''s sovereignty.

[westprophet]

GIULIANI GIVES AID TO AL QAEDA
How much exactly would it cost to get Rudy Giuliani to holster his overdone 9/11 sanctimony? The government for the tiny Persian Gulf nation of Qatar might have a good idea. Following earlier reports that Giuliani was still getting paid by a consulting firm he created, Giuliani Partners LLC, Mary Jacoby of the Wall Street Journal sheds light on some potentially problematic sources of Giuliani''s private income. Chief among them is Qatar, the U.S. ally that paid Giuliani Partners for "security advice" regarding their petroleum facilities. The article uncovers a "potential political pitfall" for Giuliani''s candidacy and image given Qatar''s poor record in fighting Al Qaeda, and addresses aspects of the business arrangement that could dog Giuliani during his quest for the presidency. Specifically, the ostensible chief consumer of Giuliani''s security advice in this case would be Qatar''s Internal Security Ministry, currently headed by a known Al Qaeda associate. As reported earlier this year, Qatar Interior Minister Abdullah bin Khalid Al-Thani has long had ties to top Al Qaeda operatives including Osama Bin Laden, and is believed by many U.S. officials to have personally arranged the narrow escape of Al Qaeda big-wig Khalid Sheikh Mohammed from U.S. agents in 1996, thereby ensuring his freedom to mastermind the 9/11 attacks. Giuliani has refused to release specifics of the case, and to-date remains on the firm''s payroll.

[eastprophet]

GIULIANI MISUSING 9/11 LEGACY
Hundreds of FDNY Firefighters and family members of people who died during the 9/11 tragedy have formed a group known as 9/11 Firefighters and Families. The group intends to follow Guiliani around the country in an effort to inform the public that Rudolph Giuliani is not a hero. The head of the group, FDNY Fire Chief Jim Riches, recently told MSNBC, "We are going to follow him around and tell the true story of what happened on 9/11 because he seems to have declared himself ''Mr. 9/11'' and I disagree with him for many reasons. We want to let the public know that Rudy Giulliani is not ''Mr. 9/11''. He''s not a hero. He ran that day." When asked if he felt that his views reflect those of the majority of FDNY Firefighters, Riches said, "Well I can tell you. I''m an active Chief and I work in the fire house, and you''ll hear a four letter word after his name, and it''s not ''hero''... He failed us on many counts. We didn''t have radios that worked that day. We had no unified command. We had no inter-agency drills. We didn''t have OEM, which was incompotent and useless that day. We had self-evacuation requests, and people were being told to stay in place right up until the second tower fell... all of his commisioners in there were either incompotent or unqualified. He made a Fireman the Fire Commisioner, a Police Officer the Police Commissioner, and OEM Director who was a Fire Dispatcher, and they made decisions that day that were fatal." therealrudy.org

[usayesterday]

There are still mortgage rates to be reset, (higher), there are still higher oil and gas prices on the near horizon, and there are still many foreclosures yet to occur.

The full effects of all of these pressures on the middle class (90% of Americans) have yet to come full circle. The Christmas/holiday shopping season may be slower than expected, but next year it may be downright disastrous. (But hopefully not)

[afsc30574]

"Metro Areas Face Billions Of Dollars In Lost Economic Activity Next Year..." and they deserve it for failing to restict new housing to responsable levels. Unfortunatly, the people in those Metro Areas are the ones now facing the problem. This is a the problem in minature that we will be facing in New Mexico & Arizona thanks to irresponsible governors like Bill Richardson.

[tburzio]

Banks were told to offer loans to risky customers by the Congress. I have no sympathy for someone who overextends themselves because they are greedy.

[aggiekat2004]

Credit Card companies need to be more closely regulated. Period.

Also, has anyone here heard of the outrageous LEGAL interest in pawn shops? I''m here in Texas, and I know someone who''s been hocking things to pay the mortgage. However, the pawn shops have LEGAL 240% APR on loans...20% per month.

Doesn''t this prey on the people who can least afford it? I don''t see the upper middle class hocking things, but instead being able to take out loans (I just got a used car loan at 7.4%), but someone who can''t afford to buy food or make ends meet is being charged 240% interest in the biggest scam on the face of the earth? (Look up "pawn shop interest rate texas" in Google to see...

[aggiekat2004]

Who is really to blame for all of this? I''m not really as knowledgeable as I could be, but here''s my take on it. Didn''t the financial institutions have some huge part in this by offering adjustable rate mortgages and other shady financing that looked too good to be true, which lured people who had the dream of home ownership into situations that they were doomed to fail in? Then the buying frenzy drove prices up artificially? I know everyone seems to be arguing about oil for some reason...can someone shed some light on why the housing market is tanking?

I just bought my first home, but bought something modest that I could afford. I don''t understand why someone would get an "interest-only" mortgage, or I''ve seen those ads that say "get a $350,000 mortgage for $1000 a month." It just doesn''t make sense!

[jetranger7]

There is and has been a plan to Bring the US into a 3rd World status, as your seeing with the housing crisis and Ridlicious high gas/oil prices and low wages for most jobs, and the credit card crunch everybody is in due to Corporate America (The Bankers),offering credit to anybody, even the dead ! GO "GOOGLE" - (OPERATION GARDEN PLOT), and read the plan, then GOOGLE (BILDERBERGER GROUP), if you don''t believe any of this,, it was hard for me to believe too, till I researched it in depth,, worth reading.

[omega39-2009]

The report also projects property values will decline by $1.2 trillion in 2008, due in part to the foreclosure crisis, with drops in home prices across the U.S. averaging 7 percent. And it said the loss of property, sales and real estate transfer taxes will hurt local and state governments.

Real wages have been falling for years, it was ridiculous for people to believe 10-18% annual growth in housing prices was desirable or sustainable. Housing prices are in for a long corrective period unless someone undertakes steps to prop up these artificially high prices.