Viper's Comments (12456)

“And let me add they are now in an area where only 1% of the waterfront land with gulf access are left... unlike 25 years ago when the area was 60% open.

Lots were 750k in 2006.. today 200K... but there are not but a hand full left...

Regards”

“In South Florida in 1980 when I left there to work in LA... there was a housing bust across the country as interest rates rose upto 18%.

Everyone said the prices will not come back in FL and LA...

5 years later they were and 2 years after they had doubled.

I have seen this happen at least 4 times.

This is the worst, but so are the drops in value. In the end there is also the price to build and we are a country whose population is increasin by 150 millipn every 40 years now.

Regards


.”

“You can always lose jobs and you can buy in a strong economy that goes sour in a year.

Price down 60%.... well you will not get hurt as bad as 45% of all home owners who bought a house in the last 5 years.


Or you can wait and get a loan with a 9% interest rate!


regards”

“I forgot to say great NEW house at under 250K.

You cant build it for that... and these are upscale...­all granate and etc.

Regards”

“At the prices now in Cape Coral you can buy and rent and turn a profit on the rent. Thats pretty much bottom and foreign buyers who have a much higher std of living are buying... In great areas you compete with the world and America is now close to the bottom in cost of housing...
People walked from their homes... then paid cash for 2 or 3... More will do that.. but the time before prices rise is short in the areas that rose the most, because again the foreign investors come in..

The prices are way down in the Cape , but sales this year exceed all previous sales records in units moved.


Regards”

“What you forget is that Florida is now being hit again with foreign buyers... Where else.. great house 2300 sq feet gated community on a golf course or water way with a pool.!

Prices are lower than in other 3rd wprld countires.­. and yes by our worl wide economic standing.. that what we are now.

Americans in the end must compete in real estate with the foreigners we sent all our jobs to and who have a hihger std of living due to single payer healthcare and national industrialzation policies and who dont psend 20 times what any other country spends on their military!.


regards”

“Take the 8K credit if you can....


Regards”

“They will not stay.. once the they are underwater by 50% as sputh Florida shows... everyone walks..

regards”

“Prices are below 2000 prices, expecially given a 50% devaluation in the dollar which no one considers. The cost per foot to build and insurance cost are going increasing ten percent per ... year irrespective of the puchase price..

I have condos in Florida that are selling for their 1985 prices... but the dollar is worth 1/3 as much.


Regards”

“note when the inerest rates go up prices go down, but not the total cost to the new buyer.. he is no better off.

Also note that Cities are going to have double property tax rates or close half their schools , fire departments and police...

regards”

“The banks assets will be more toxic, reducing their ability to loan and stay solvent. 90% of Americans will have no networth and most with negative networth ( the worst of any western nation and most3rd world countries) and Most would be under water by 50% and will walk...so they better start writing down mortgages as opposed to waiting for short sales and foreclsure prices as the banks do now.

Then the the citiies and school budgets will be short 50% and half the schools will have to close and classroom sizes double.

Some how with home prices lower in Florida than in Central and south America... The author is saying they should be lower ... whuich says some thing about Americas real standing in the world...

But lets keep speding trillions in iraq and Afganistan! LOL.. 700 foreugn bases and TRILLION dollar trade deficits, 80% of our industry gone and not change our trade laws or outsourcin­g.. more of the same.

Lets take that money and fund mortage reductions­... which means people have more money to spenmd in the U.S. and then pay taxes...

Obama is wrong Afganistan and really wrong when you consider America's economic situation.­. you cant justfy $1,000 per gallon of gas to supply troops there!


regards”

“Actually Obama has been cleaning up stats at great expense to him.

For example BUSH unemployment numbers were based on 5% fewer people being in the workforce than under Clinton..L­OL.

BUSH admin overstated household employment numbers, for years. Obama Admin corrected that in parts such that even though we had the lowest job lose per month in years we had a huge increase in the unemployed.

Its bad enough that they destroyed the economy... but now the next guy looks worse as they clean up the numbers and try to be honest..


Regards”

“47% of our GDP was government spending over the last 30 years on average...­how can you subtract out almost half the economy...


The stimuliu was estimated by economist to add 2% to the GDP.. so its still positve by .7%.

On one hand we have people saying no benefit and on the other hand its positive because the stimulus did work andthats cheating.


Regards”

“What and close our lavish foriegn bases all over the world so our generals have now where to play golf and vacation "on Business".


regards”

“yes I'm sure happy that the 3rd parties gave us Bush instead of Gore...

Regards”

“You set the business on fire and burned it down... now you complain about the cost to rebuild it and that people are out of work because you burned down the business..

Man up and accept the responsibility Repugeconomics outsourced 80% of our industry..­. You cant be a consummer society losing one trillion in wealth thru trade deficits every year and not collapse.

And the changes required to turn us around is playing the game the way those now loaning us the money play the game.... all socialist and communist countries by the way///and you will not do that.. its adapt or lose...

Regards”

“Cut taxes during recession and people save out of fear. Remember we had in2008 the Bush tax cut stimulus that was going to prevent the depression?

And if they do spend, well repugs outsourced our industry .. so what people buy is not made here and most of the simuli flows to the country that makes the goods (85%).

Pls note the Bush tax cuts did not produce a single net private sector job in 8 years, just devalued the dollar by 50% as deficts climbed.

The world changed and you keep expousing stuff that was somewhat true pre 1980 world.

Clinton increased taxes, paid down debt, strengthened the dollar and 22 million jobs were created...

Then Bush shipped the high tech jobs to india... game , set, match and replaced that with huge government spending and a credit bubble such that 14% of the economy went POOF andis not coming back! unless we change back to a producer economy. Everyone concentrates on budget deficts.. whenit the trade deficts which are a permanent loss of welath and cuase the budget deficts (along with unpaid wars/tax cuts and etc


Regards”

“When the stimulus runs out, yes we are likely to see the result of repug economics re appear as in 4th QTR 2008.. the outsourcing of 80% of our industry, 50% devaluation of the dollar, no private sector jobs created in 8 years, 7.5 million MFG jobs lost, real wage declines of 18%. and like under reagan a tripling of the national debt.

And you will want more of the same policies that destroyed our economy.

regards”

“Funny , we outsourced 80%of our capitalism that actually creates things to communist countries.­..

No its called laisez-faire capitalism and it always has failed just like communism.

Regards”

“There is no demand.. so small business dont need to borrow to expand. Business has at least 20% excess capacity.


The governnment needs to create demand via infrastructure building and building solar and wind farms that can then be privitized after construction, built under Buy America mandates . By increasing import tarrifs and making us more competative with single payer healthcare, VAT tax rebates on exports, national industrializtion policies, build it here to sell it here policies like all of ASIA... this is how the rest of the world we now have to borrow from plays the game... adapt or lose.

Regards”

“All three last QTRs Bush was in the WH,GDP was off by 50%... as much as 2 percentage points..

Regards”

“Classic!”

“They should have just given here a hotel room in El Paso for a week where she could see Mexico from her room window, I'm sure she would have then been prepared.


regards”

“Speak for yourself.. or as one person said its like some one rubbing broken glass in my ears...

Regards”

“If you told the generals that we are going to pay for this by taking it out of your budgets elsewhere like closing down your foreign bases with the golf courses and 4 star dining and Generals quest mansions over europe/Japan/Asia ... watch the need for this war go away.

And put a 3 years ban after retirement of high ranking officers getting jobs in the defense industry.. watch the reaction. And pls note the defense contractors give the military brass years of service credit immediately into their pensions plans, noting this is cost plus.. so we pay the cost of that gift plus ten percent and the cost of their military pension. This results in retirment income very quickly of two to 3 times their highest pay as a general.) And of course its a kick back for going along with the defense contractors best interest while in the military. By the way most of the time.. its a job they never seem to have to show up for...

Regards”