Consmers Not Optimistic Housing Will Improve

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  1. lady_love158 profile image55
    lady_love158posted 7 years ago … her_s.html

    Obama keeps telling us the economy is improving unfortunately Americans know otherwise! Obama is a failure on the economy and Fannie and Freddie are only one indication. Expect more bad news on the job front this week while Obama continues to do his impression of Nero... perhaps he'll have another party!

    1. Hugh Williamson profile image91
      Hugh Williamsonposted 7 years agoin reply to this

      Don't expect unemployment to improve much -- our mfg jobs are in China now. We grow only in the "service sector" i.e. we take in each other's laundry and hope that will somehow generate wealth.

      Pres. O will swim or sink based on oil prices. These can drag down our economy or boost it -- and right now it doesn't look good. We cannot produce enough oil in the US to impact prices much, no matter how many Gulf spills happen.

      It hardly matters who becomes/stays president in 2013, we need energy independence or the economy will continue to slide.

      Not a partisan issue, or it shouldn't be.

      1. BillyDRitchie profile image61
        BillyDRitchieposted 7 years agoin reply to this

        We do need energy independence, and I am all for newer forms of technology to power our cars, but for now and at least the next couple of decades we need to find affordable oil options for the millions of combustion engines currently on the road.

        1. Hugh Williamson profile image91
          Hugh Williamsonposted 7 years agoin reply to this

          Exactly - spot on.

        2. lady_love158 profile image55
          lady_love158posted 7 years agoin reply to this

          We will fail unless we get the government off our backs and out of our purse! We can't accomplish what we must if we aren't prosperous.

          1. bgamall profile image82
            bgamallposted 7 years agoin reply to this

            So, you want the government to allow another housing bubble? I have written about this, as this is exactly what they want. And it will be an attack on mainstreet, as easy money always puts debt on people at the back end and they lose the property.

            So, deregulation will allow this. Did you know Wells Fargo wants government guarantees of all loans? I wrote about that too. Here is the deal, Tea Party people who believe that the banks are the victims are brainwashed and useless to the discussion.

            1. Evan G Rogers profile image73
              Evan G Rogersposted 7 years agoin reply to this

              ... no... getting government out means "not having them fuel another bubble".

              That means getting out of the housing market altogether. And banks are NOT victims... i don't know what tea party you've been attending ... they are the culprits - government gave the federal reserve free reign over the monetary supply.

    2. rhamson profile image74
      rhamsonposted 7 years agoin reply to this

      Too much time spent on Obama.  His powers are limited by congress too much especially with the recent victories by the other side.

      As long as you think you have the answer and focus on that you close off the possibilities of a real solution.

      After the recent wall street debacle life will not be the same.  It is a race to the bottom before it will level off and as long as you fight the change there will be no improvement.

    3. bgamall profile image82
      bgamallposted 7 years agoin reply to this

      Lady love, with all due respect, you don't get it. Housing must come down if wages are declining in a worldwide trading environment. You can't have house prices going up while wages are going down or you will screw mainstreet.

      Here is the deal, the central bank is doing this bubbling of commodities and it hurts people who are not getting raises, meaning most people.

      So, both parties ruined the economy. I can prove it and have written about it extensively, but the Republicans want more war which is why they are generally more dangerous.

  2. Moderndayslave profile image60
    Moderndayslaveposted 7 years ago

    Housing will not improve if people are not confident in their employment and with so many out of work,they are certainly not looking to buy a new home. This is the recovery that wasn't except for the bankers and wall st.

  3. Mighty Mom profile image82
    Mighty Momposted 7 years ago

    He's not saying banks are the victims. He is saying they are the culprits. He is in agreement with you, Evan.

    I read just yesterday that "they" think that housing prices are bottoming out now. But who knows how long it will take them to rebound.
    The housing market is a mess. Tons of foreclosed inventory.
    Low prices should make buying attractive. But when you have no income you can't buy a house (or keep the one you've got). Mortgage rates are not all that great, either. And the banking industry has gone to the opposite side of the spectrum. They are TOO cautious with loan qualifications now.

  4. Mighty Mom profile image82
    Mighty Momposted 7 years ago

    Surely you know banks are victims. Just like insurance companies are victims of Obamacare lol

  5. Moderndayslave profile image60
    Moderndayslaveposted 7 years ago

    Victims of their own greed maybe.

  6. ediggity profile image60
    ediggityposted 7 years ago

    How can housing improve when the banks are holding onto millions of foreclosed homes, because they don't want to take a loss?  hmm

  7. tony0724 profile image58
    tony0724posted 7 years ago

    Let's see here 25% of homes are underwater. Gas prices rose .17 cents in the last week and 21 out of 23 days . We still have an approximately 10% unemployment rate. And those of us lucky enough to still have a job have to be wondering how safe our jobs are. Been to the supermarket lately ? No reason for any confidence. By the way is all this still Dubyas fault ?


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