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kooka - I imagine your friends are trying to sell their house based on
advice from real estate agents, who are basicly liars. An agent will jack up the price of the house to make more money on their 6% commission. If a market correction is going on, which in many locations there is, that means they aren't likely to get their initial asking price if its inflated. We'll see. I'm going to ask a decent price for my house when I sell this spring but its not going to be based on the greedy rationale of making money for a real estate agent.
As for Hilary for president, I just threw that out there. Depending on who the Republicans nominate I think someone else will be nominated by the Dems just because the Dems have to win and a female is unchartered territory...presidentially speaking.
posted by
FreeManWalking
on January 10, 2006 at 1:48 PM
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billy
Have you sold a house recently? Have you personally talked with someone who has?
I know a few people who are trying to sell their houses right now and are having to drop the prices bellow value in order to sell. Houses are not selling for the values right now. That has caused the value of houses to drop in market value in general. I know not where you live, but here in Colorado, where they was incredible growth before Bush we are in decline on so many levels right now.
It matters not if the market is saturated, it is still not good that there are so many business closing all at once. It is clear the present economy is not as strong as the one that support all those business to grow as they did. That growth that happened under Liberal leadership, not conservative. So far the proof all throughout American history over the last hundred years shows that we have grown the most under liberal leadership and hit our hardest times under conservative leadership. To me that says a lot.
As for Hillary becoming president. I really do not know if that is a good or bad thing. I have been looking into it and it seems that my own personal problems with the woman came from the media's (You know those Liberals who attack anything conservative ) negative attitude towards her. if she does become president it would be no problem at all to do a better job than Bush without even trying. I will call it as I see it if she does make it.
posted by
kooka_lives
on January 10, 2006 at 12:25 PM
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Kooka - in what planet, I mean market - did housing prices drop below
what someone paid for it? Yes, housing inflation decreased but didn't drop into negative territory. Two weeks ago I read a study that specifically mentioned the little town I'm in along with other area throughout the country and the report noted that my community was 22% overvalued. Does that mean my house is worth less than I paid for it? No. But new home prices here rose only by 17% instead the 24% from 2004.
As for the retail closings I'll have to investigate further. It does sound bad but I think some stores, media play in particular are in saturated markets. Who needs Media Play or Circuit City when there is Home Depot, Best Buy and Barnes and Noble and Borders? Who needs Toys R Us when there is Wal-Mart, Target and loads of online options for ordering toys?
I will agree that some spending decrease, aside from house payments, is due to increased amounts of a persons paycheck going toward their benefits package or insurance payments.
But I'm sure you'll claim to see a marvelous spike in the economy and standard of living the day Hillary takes office.
posted by
FreeManWalking
on January 10, 2006 at 11:11 AM
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i guess signs that the economy is good then, mr. billy
are such things as GM and Ford losing money
GM laying off 30k
Ford closing a half dozen plants
K-Mart hiring only part-time workers
other factories closing
that doesn't sound like a good economy to me
and the stock market?
Billycargo, you must have the poorest memory of anyone I know. The Dow is very slowly recovering from huge losses several years ago -- it hasn't returned to it highest point -- if the economy were so fantastic, we shoud see the Dow above 15 maybe 20 k instead of where it is.
and oh yes, about employment figures -- the economy added 100 k new jobs last qtr -- 300k wre expected -- and last qtr is the holiday qtr, when the job figures spike because of holiday hiring at the retail stores
and was it a smashing retail season? hardly.
and the story repeats itself around the country and among the various sectors -- other signs: wage rollbacks, benefit rollbacks, etec., etc. -- these are not the signs of a healthy economy.
and the Dow? it reflects the buiness ector, not the labor sector -- when things go badly for labor, they are going well for business.
now who does indeed support the economy?
posted by
Xeno-x
on January 10, 2006 at 11:00 AM
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billy
So are you saying it is a good thing that so many business are closing down? Ae you going to try and claim that such a thing is positive and shows a healthy economy? I really would love to hear how so many stores closing and so many people being out of work is a good thing and signs of a healthy economy.
And you are way wrong (No surprise there) about why people are not going out to the movies. House prices were about the only thing that actually decreased in price (Another very bad sign) over the last few years. That is one of the reason why more people were able to buy them. Houses were actually becoming cheaper than apartments due to the economic problems the country was facing, causing people who invested in houses to lose money on that investment. Their money is actually going to buy food, gas pay for medical insurance and needed medicines. People do not have money for things like movies because they have to take care of the needs of their families first.
Believe it or not I am not a 'doom and gloom' person. I just tell it like it is. We all can not be on the same drugs as you conservatives are. Some of us have to be looking at reality and be aware of just what is going on around us. I look forwards to things getting better, like they were when Clinton was president. He may have had his character flaws, but there is no doubt under his administration our country was in much better shape.
posted by
kooka_lives
on January 10, 2006 at 10:58 AM
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Kooka, doom and gloom doom and gloom - do you have any money in
the stock market? If so then celebrate the fact the Dow broke above 11,000 and will likely tack its way to or supercede the 11.7 high...over the course of this year. (Unless of course GM sh*ts the bed which is a real possibility and will be bad bad bad for all of us). But thats the fault of people who buy foreign cars.
Also, don't forget that sales and movie ticket sales are down in part because Americans have been buying house (they often can't really afford) for the last couple of years. Mortage payments take a real bite out of disposable income.
posted by
FreeManWalking
on January 10, 2006 at 10:42 AM
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