Comments on: Let Home Prices Fall

Declan McCullagh Says Further Government Intervention Will Do More Harm Than Good

[wl7bzh]

That was lame, nerd-boy. Go upstairs & tell your mom that I told her to slap you.

Posted by easeup at 03:19 PM : Nov 26, 2008

Whatsa matter yard ape-Not accustomed to someone talking back to you? Why don''t you get the little woman to get you and the boys anuther beer cauz thar''s probably a game on somwhar. eeeehaw

I bet life don''t better than that do it bubba?

[easeup-2009]

Sore spot? Not really-By the way does the little woman still have her Supermodel job? You know the one where she is serving as the design guide for the Pillsbury Doughboy with the massive yeast infection?

Posted by wl7bzh at 02:19 PM : Nov 26, 2008


That was lame, nerd-boy. Go upstairs & tell your mom that I told her to slap you.

[rushlimpdrug]

Posted by avoice at 02:47 PM

You thinking make sense so please
shut up while the masses wait to
be saved.

The reality is that "Americans"
now vote in "leaders" as opposed
to public servants.

The country is just about as dumb
as these "leaders" would like it
to be.

Anyone care for a donut?

"Don''t tazer me!"

[erasmus81]

This board has become unfit for christian reading.


Posted by Lady_Organs at 02:27 PM : Nov 26, 2008

You must be new, I guess.:)

[perk235]

Wow, a whole article on a financial melt-down without a word on DERIVATIVES or CREDIT DEFAULT SWAPS. The risky bets made by the cowboys of the financial industry are worth $60 TRILLION.

Yes, the predatory lending practices that allowed banks and mortgage brokers to make a ton of money is part of the picture. But the world-wide financial melt-down is due to DERIVATIVES.

[barbaraf4]

The housing speculation is part of the problem. Buy your home and LIVE in it. It is not necessary to double your return in two years and then buy up, only to repeat the process every two years.

I don''t care if my home is losing value right now. The value will eventually go up again and I''ll still be living here.

Someday, when our kids and grandkids have to sell this place, it will be their problem; however, since anything they get will be profit to them, who cares.

[voidmaster-2009]

I figure that within 3 years I will be able to pay cash for a house -- which is about how is should be.

[bckrd1]

Absolutely right on. The Gov''t needs to stop trying to stop the way things work. Every thing needs to run it''s course and not be interfered with by using our tax dollars. The people who made these terrible decisions need to take the consequences of their actions. The prices were way beyond reasonable or sustainable and need to come back down to earth. Once that happens people will once again start buying and be able to stay in their homes. The only reason the Gov''t is putting all this money out is because the rich started calling their buddies at the White House crying they were going to lose a lot of money unless they got help and so here we are.

[wl7bzh]

This board has become unfit for christian reading.

Posted by Lady_Organs at 02:27 PM : Nov 26, 2008

And my dear lady, why would a woman of your obvious character be "trolling" this red light district?

[rushlimpdrug]

There must be some mathematical genius
that can pull another equation out of
his aazzz and make everything look good
again.

I mean, that is what they did to prove
homeless could afford a great home.

Thanks barney.

"I love you,
you love me,
let''s all live
with Freddie MacKeee . . .

[rational_1]

That tulip analogy was the worst and most useless analogy I ever heard. What the hell was the point of that? Besides to fill space.
Posted by Remarkor at 01:33 PM : Nov 26, 2008

Because it actually happened. The author is making a point in contrasting real worth versus perceived worth. In both the tulip and housing markets the latter exceeded the former. The resulting crashes are inevitable and not necessarily undesirable, as the author clearly points out.

[lady_organs]

This board has become unfit for christian reading.

[churchof1000]

Declan McCullagh, you couldn''t be more right. Great article.

[wl7bzh]

Awwwww......hit a sore spot? Don''''t worry, no one will take your lunch money anymore.

BTW-How''''s the Star Wars action figure collection?

Posted by easeup at 12:26 PM : Nov 26, 2008


Sore spot? Not really-By the way does the little woman still have her Supermodel job? You know the one where she is serving as the design guide for the Pillsbury Doughboy with the massive yeast infection?

[denn034]

Amen.

[skysoldier75]

Houses on the market today are actually only "worth" from 20% to 60% of their current "list" price.

If you''re thinking about buying, you''d be foolish to consider offering more than $0.10 to $0.60 on the dollar on the list price. If you''re actually paying the asking price you''re going to become just another casualty of this inevitable market correction.

[gjb5649]

This article is correct. Home prices were able to skyrocket due to easy credit and low interest rates. It was obviously unsustainable but no one wanted the party to end on their watch. All of the current efforts to keep prices up will just prolong the inevitable and make it worse.
The housing market became the next tech stock market only much more dangerous.
Just like the overpriced tech stocks overpriced housing must come down.

[hdstretch]

Failed to see this coming? I don''t think so. More along the lines of, Hey, let''s clean out the banks of our money, and then when the feds put more in, we can clean that out too. In the meantime, our industry and job markets are coming to a standstill.

How can we pay back loans when we have no income? How can we pay taxes if we have no income? Besides, with gas at 4 bucks a gallon, who wants an SUV anymore? It''s a hostile takeover attempt. That''s ok, all we want right now, is to take the guns away, and we''ll be bringing in those drugs too, ok?

ARe we done with this yet?

[clovisbuford]

"Repugliscum 2006: Posted by jbrown88881 at 01:46 PM : Nov 26, 2008" name calling by either side is not conducive to actual discussion of the issues in my opinion ,y''all have fun playing , but you should play nice .off to run errands .

[seabelly]

I agree with Mr. McCullagh completely. Unless Congress would like to magically triple the national median household income, housing prices must drop. I live on Long Island, where average home prices run between $400,000 and $450,000. That''s for a pretty standard 3 bedroom, one bath ranch or cape cod; resale, not new construction. Property taxes for homes on a 1/4 acre or more start at $10,000. People can''t sell their houses for these prices, and in my opinion, they shouldn''t. By a function of average income, they should be selling in $250,000 - $300,000 range.