Whether this is surprising or not, this should be another slap in the face for CHINA, the country that insists that the financial crisis is now over.
Surprising? Deary me. How many million foreclosures on the books? And new home sales fall? Shock horror!
It's surprising because I believe it rose last month.
There's nothing surprising about it. Once the stimulus money is gone, the economy slumps again. Looks like all that stimulus money has been wasted because there is no real recovery. Oops.
Why would the media call it surprising. They're in the news business, they know unemployment is high, they know that businesses are closing, they know that with all the sales that profits are down. Do they think people are too stupid to see the manipulation? If the media was any further up Obama's ass he doesn't have to worry about calling them to show up for a press briefing.
Thanks, Jeffrey. I was thinking of one in the Southeast. There's a big one in Tennessee with a huge underground lake full of blind trout. They'd probably be pretty easy to catch.
Oh, and by the way, will you loan me the $2 mil? lol
The truth of the matter is that homes have always been too expensive. Considering that any idiot who can pass a simple test after taking a class can SELL you an over-priced house this shouldn't be surprising.
Personally, I don't think you should be able to make a lot of money selling ANYthing that is essential to sustaining life. I don't care if this IS America. there should be more laws and regulations regarding the sale of food, shelter and water.
Now that the dumbasses who tried to make a profit on selling homes (instead of just buying one to live in)have gotten into trouble and all the people who really should not have been given mortgages in the first place have gone under people are getting smarter during these hard times.
Hey, Jeffro - I just fanned you and discovered you're from the Southeast, also! Why for you tryeth to selleth me cave in West??
Well, at least I know I did not contribute to new home sales. Got a new home in the works, all right, but I'm building it on bare land, by hand, single handed. Don't think that'll help those government numbers one bit.
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When these Tax "Breaks" expire... you know the ones put into place by that Evil Bastard Bush...Will they not effect those under $250,000? Of course Obama can just say he didn't raise them... he just let...
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HIGH tax rates reduce economic growth, because they make it LESS profitable to work, save, and invest. This translates into less work, saving, investment, and capital--and ultimately fewer goods and services. Reducing...
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I read in the news today that "Obamanomics" is working, according to some marketing firm. I don't see a clue where I live. How about the rest of my fellow hubbers?
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So President Obama's approval rating after one month is...only 68%. Our expectations of him on Inauguration night were too high. His approval rating back on Jan. 20 was around 80%.
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