Get Ready for another Housing crash thanks to Democrats

Matt Dillon said:
It was a Clinton/Bush joint effort.
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Bill Clinton actually prohibited GSE's from buying risky loans by imposing a HUD rule in 2000.

Bush reversed that rule, of course, which is why the GSE's fell apart.

The whole reason Bush inflated a housing bubble was to cover for the failure of his tax cuts to do anything positive for the economy.
 
Geeko Sportivo said:
Well you are right about people having to stay in their own lane! But right now even those homes built in the early 50's that leak like a hut, are costing $200,000 and not even affordable by most people, and even the smallest 1 bedroom shantytown apartments are over $1200 a month.

SO this is why most people that aren't making over 40K are living with relatives, living out of their vehicles, or out on the street right now.

This is not sustainable for our society!
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Living on welfare is your problem. Get a life. Whining about your pathetic ability to earn money is not helping you, pal.
 
Matt Dillon said:
Then Obama made it even worse with the worst bailout of the wrong people ever.
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TARP was Bush the Dumber, not Obama.

You don't know what the fuck you're talking about because all that crack you've been smoking since 2008 has destroyed your memory.

Put down the pipe!
 
MAGA said:
I think we are talking about different areas as the newest 2 bdr 2 bath apartments here are $1100 with utilities and basic cable paid.
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For how long? Biden is implementing communism through Covid laws, taking land from landlords and giving it to the tenants.

Tenants don't have to pay rent, property taxes, etc. COVID laws protect them.
Landlords still have to pay property taxes, property upkeep, etc.

Really great incentive to become a landlord, eh?
 
MAGA said:
There is an executive summary, it was not mentioned there, when is the last time you thumbed through a 2700 page document that you would vote on in 24 hours?
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You're a fucking liar because the bill is available for anyone to read...which means you didn't read it, you lied about it.

And it's 2700 pages...in Congressional margins...which means it's really only about 500 pages. Which is half a Harry Potter book, and my niece can read one of those in a day.

So what's your fucking excuse?
 
cawacko said:
You're not wrong but to me it's a huge supply and demand issue. We limit supply in many places which drives prices up. Yes that's great if you're a current owner and have no desire to move (within your same general area) but it makes for a less dynamic economy. It's a real problem.
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Whether one moves or not has nothing to do with the economy.
 
LV426 said:
TARP was Bush the Dumber, not Obama.

You don't know what the fuck you're talking about because all that crack you've been smoking since 2008 has destroyed your memory.

Put down the pipe!
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Obama went along with Bush's plan and added even more bullshit!

Just like Clinton went along with Bush 1's plan and signed NAFTA.

You're the high one if you don't realize they're all (except Obama) members of the CFR and don't give 2 shits about the people.
 
Geeko Sportivo said:
Well I am here in Dallas County, Texas.

We used to have the best real estate prices in the nation, but not now that everybody under the sun are trying to get here as fast as they can.

Because our prices have gone up as a result! Houses are not even on the market for 2 weeks- and mostly grabbed up by INVESTORS- not people needing homes.

To be perfectly honest, today's real estate agents- ARE ACTUALLY INVESTORS in a real estate agent's clothing.

They go in, and tell the seller- "Your house will only sell for this amount- and we are prepared today to write you a check"!

This should be against the law- BUT IS NOW THE STANDARD! This is why Real Estate is a major inflation factor- AND IS THE REASON WHY HOUSING IS BECOMING UNAFFORDABLE TO MOST POTENTIAL HOME BUYERS!

And this is one of the reasons why real estate is so high here. Investors are controlling both ends of the market and laughing all the way to the bank! It is the epitome of Carpet-Bagging!
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Obviously you have no idea what a carpet bagger is.
Real estate does not cause inflation. Printing dollars faster than wealth creation causes inflation.

It is not against the law to make a low bid to a property owner.
 
Matt Dillon said:
Just like Clinton went along with Bush 1's plan and signed NAFTA.
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You assholes wanted NAFTA, remember?

You're the ones who wanted us to do that dumb deal.

Liberals opposed NAFTA, Conservatives supported it.

Again, you can't remember that far back because of all the crack you smoke and all the opioids you ingest.
 
Matt Dillon said:
Clinton set all that stuff up, dude. It was a Clinton/Bush joint effort. Were you even alive back then?

Then Obama made it even worse with the worst bailout of the wrong people ever.
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Carter, you fool.


Why do you people insist on entering into discussions that you are not qualified to participate in?
 
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