Comments on: Fiscal Stimulus in a Real Depression http://dailyreckoning.com/fiscal-stimulus-in-a-real-depression/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sat, 26 May 2012 18:05:48 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Hank http://dailyreckoning.com/fiscal-stimulus-in-a-real-depression/#comment-51458 Hank Wed, 03 Feb 2010 06:28:18 +0000 http://dailyreckoning.com/?p=22677#comment-51458 Housing is not affordable and prices have NOT corrected. They're being held aloft by Government stimulus at far beyond 3X median income levels, still out of reach for would-be buyers who don't feel like having to jump ship in three years when they find themselves underwater. Housing is not affordable and prices have NOT corrected. They’re being held aloft by Government stimulus at far beyond 3X median income levels, still out of reach for would-be buyers who don’t feel like having to jump ship in three years when they find themselves underwater.

]]> By: sierra http://dailyreckoning.com/fiscal-stimulus-in-a-real-depression/#comment-51343 sierra Tue, 02 Feb 2010 17:08:57 +0000 http://dailyreckoning.com/?p=22677#comment-51343 It's all like, "Between a rock and a hard place"! (I liked your phrase: "....getting out of the windows before the house sinks!") I live in a "foothill" community in CA and some houses, built on spec have been on the market for more than two years...and these are nice houses........ Our communities are being crushed by lower tax revenues that are just now filtering down to libraries, schools, mental health care and all the other life necessities the unemployed and low wage workers suffer.... It’s all like, “Between a rock and a hard place”!

(I liked your phrase: “….getting out of the windows before the house sinks!”)

I live in a “foothill” community in CA and some houses, built on spec have been on the market for more than two years…and these are nice houses……..

Our communities are being crushed by lower tax revenues that are just now filtering down to libraries, schools, mental health care and all the other life necessities the unemployed and low wage workers suffer….

]]> By: Daniel Newhouse http://dailyreckoning.com/fiscal-stimulus-in-a-real-depression/#comment-51329 Daniel Newhouse Tue, 02 Feb 2010 14:14:34 +0000 http://dailyreckoning.com/?p=22677#comment-51329 Bill, you sound like a crony capitalist crook with the opening statement. Giving tax credits for favored behavior is just as bad as providing tax revenue for favored behavior. It is unethical and anti-free market. If you are really so concerned about the money supply and inflation the last thing you should be appauding is another increase in the deficit. It reminds me of Justinian's attempt to repopulate Rome by providing a government handout for people to move back into the city. It just doesn't work. Bill, you sound like a crony capitalist crook with the opening statement. Giving tax credits for favored behavior is just as bad as providing tax revenue for favored behavior. It is unethical and anti-free market. If you are really so concerned about the money supply and inflation the last thing you should be appauding is another increase in the deficit. It reminds me of Justinian’s attempt to repopulate Rome by providing a government handout for people to move back into the city. It just doesn’t work.

]]> By: CommonCents http://dailyreckoning.com/fiscal-stimulus-in-a-real-depression/#comment-51313 CommonCents Tue, 02 Feb 2010 10:58:14 +0000 http://dailyreckoning.com/?p=22677#comment-51313 Harry you don't know what you are talking about. Housing prices are not going up in any markets. I live in one of the few areas reporting house prices are going up markets..........it's a lie. The tax credit offered by the government allowed the low priced homes to increase their sale price to just under the tax credit. The higher priced homes have stagnated and dropped 20k and more. Most seller are sitting it out hoping for better times......dumb move. New construction here is stopped, except for a few specs that some dumb builders are hoping for a sucker to buy. Of course what else is a home builder to do, that's all they know? Retrain to flip burgers? Harry you don’t know what you are talking about. Housing prices are not going up in any markets. I live in one of the few areas reporting house prices are going up markets……….it’s a lie.

The tax credit offered by the government allowed the low priced homes to increase their sale price to just under the tax credit. The higher priced homes have stagnated and dropped 20k and more. Most seller are sitting it out hoping for better times……dumb move. New construction here is stopped, except for a few specs that some dumb builders are hoping for a sucker to buy. Of course what else is a home builder to do, that’s all they know? Retrain to flip burgers?

]]> By: LAgirl http://dailyreckoning.com/fiscal-stimulus-in-a-real-depression/#comment-51251 LAgirl Tue, 02 Feb 2010 02:05:12 +0000 http://dailyreckoning.com/?p=22677#comment-51251 When and where did prices hit 1997 levels? From what I can see, it seems like we are down to 2003, at least here in LA that's what it is. When and where did prices hit 1997 levels? From what I can see, it seems like we are down to 2003, at least here in LA that’s what it is.

]]> By: Harry http://dailyreckoning.com/fiscal-stimulus-in-a-real-depression/#comment-51246 Harry Tue, 02 Feb 2010 01:32:22 +0000 http://dailyreckoning.com/?p=22677#comment-51246 Great plan to stimulate business and jobs and once again BB shoots it down into gloominess. Give it break! Housing is affordable now. Prices are stabilizing here and we are starting to see signs of rising prices in many markets. Seems to me like everything is getting on track nicely! Great plan to stimulate business and jobs and once again BB shoots it down into gloominess. Give it break!

Housing is affordable now. Prices are stabilizing here and we are starting to see signs of rising prices in many markets. Seems to me like everything is getting on track nicely!

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