Homebuilders confidence growing!
 

http://www.npr.org/2012/08/15/158830...up?ft=1&f=1001

Good news here for all of us regardless of your politics, unless you're living in a cave;). Best news since 2007 according to lefty? Wells Fargo. :rolleyes:

It's Obamas fault!

Wait a minute....

:D

I've been waiting for this. They've been building below replacement level for a few years now.

Great news!

Pete

You're so much nicer as an admin Pete.:cool: That new haircut suits you but the combination of the Cuyahoga and crispy locks really can clear out a room.;)

What??! I swore it wouldn't change me. I have to admit I think people are being nicer to me. Please abuse me lol.

Are you saying I stink :p

Pete

You could always make me a moderator.:eek:Off Topic preferably..:rolleyes:

Oh, I'm sure one of them will be along twist and spindle it into bad news, somehow.

you are making much more sense as a moderator ;)

Your mother was a hamster and your father smelt of elderberries!

http://www.thepoliticalsword.com/ima...th-thepain.jpg

:D

Yous are forcing me to point out that it would've happened anyway :p

Pete

They never stopped building McMansions around here, farmland is disappearing daily. That only increases the value of our land so I am not worried.

You smell funny and your mother dresses you funny.

Jim Rouse started that boulder rolling downhill 50 years ago. Ain't never gonna stop, Rob.

John

Careful! Talking like that to a Mod can get you bounced outa here!

John

Hey he asked to be abused! Are you telling me it was a set-up??

Why Pete you, you, you liberal!!!

Not worried, this place ought to hit $800,000 in four years.:)

Building is booming here. Just today I saw two large pads being built. I don't know what is going up, but it is something big. Just the other day I read in the paper that building permits, and our unemployment rates, are back to 2004 levels. We are out of the recession. That damned Obama. It is all his fault.

That's just his buddies in the press lying for him. :rolleyes:

We've seen steady growth in the trade show industry. A pretty good sign things are doing better as a few years ago not many folks were interested in investing large sums of money into showing a very limited audience there items for sale.

Bwwwwuuuuuuuuhahahahahahahaha!

:D

Pete

You need to let a whole lot of people know that. A lot of them are still losing their homes and paying over 4 bucks for gas. Oh, and unemployment has never dropped below 8% and is heading UP to 8.5 as we type. Yes indeed, joyous news like this needs to be told, it will be a real boost to the hungry folks.

You need to shop better TD. I haven't paid four bucks a gallon for over a year. Technically, I pay more than four bucks for gas, because I never buy only one gallon.

It sounds like you're rooting for unemployment to go up, just like Rush has been doing for the past four years.

Regards,

D-Ray

There isn't any magic fairy dust or a magic wand to wave over the housing industry to make it like it was during the heady bubble days. Your boy GW was also touting home ownership during that time, too. I worked on many of those flippers houses who made a killing during those years. The funny thing is it was a lot of superficial paint and new kitchens and bathrooms that were done. It was a hell of a return these people were making. More so than any other time in anyones recent memory. I don't begrudge them. I just wish people would stop thinking that era was any kind of normal and moaning wistfully about it. The story I posted up was that finally we are seeing some consistant good news nationally in regards to new home starts. I've always been a the glass is half full type and believe that is the way to look at life in general. To spread the party line that we are headed for second class nationhood may appeal to some but it's counterproductive to the idea that slow and steady as she goes is the only realistic and proper way to view our economy. Tanstaafl, bro.:)

How come you libs are so quick to jump on Bush, and Bush alone? How about the guy that was boning the Freddie Mac dude in the butt, and telling congress Fanny and Freddie were "good investments going forward". What was his name? Oh yeh, Bawny Fwanks, your favorite faggot and thief.

Unless I'm mistaken, Barney didn't control the executive branch of government and its regulatory apparatus. For that matter, he was only in the majority party in Congress for 2 of Dubya's 8 years. Yet, somehow the Right believes he had more responsibility and negative impact on the housing market than the President and the majority party in Congress for 6 of those 8 years. And to think it's the GOP always harping about the notion of personal responsibility.:confused: I guess that fat, drug-addled dropout from Cape Girardeau can make you believe anything.:eek:

You are so ridiculous that you are funny. Seriously, I'm laughing my ass off right now. You really don't have a clue do ya?:p

Jay, this word is every bit as offensive as "the N word" you objected to in another thread. Neither word belongs in constructive or civilized conversation.

John

Did I say anything demonstrably untrue (or does it just conflict with Rush's daily wisdom that you seemingly lap up with a spoon)?

We could go full circle in the blame game. The government urged private lenders to make high risk loans. They did that at the behest of The Brookings Institute which is Washington's biggest and oldest think tank. It is funded by The Rockefeller Foundation and the Ford Foundation. Rockefeller and Ford are dead fat cats that are still running the world from their graves via the wealth they stored.

Rich people made this mess. Seriously, I'm laughing my ass off right now. You really don't have a clue do ya?:p

And you are fascinated with Bawney's pee pee because why? :D

That's it. I have to watch a White Men Can't Jump clip before the yo momma jokes start flying. ;)

What's up Jay? Why are you so angry man. Bush the lesser don't walk on water.
You aren't paying attention to what I wrote Jay. Christ, you're better than that dude. While Franks was also on that bandwagon, Georgie was boning all of us with his butt boy Cheney pulling the rear of that train by declaring war on Iraq for no good reason other than to please his daddy and big oil. All on our dime and credit card BTW. Really Jay, who gives a rats ass what gays do in their own bedrooms. Why should we care what people do in their own castle's? Don't they have the right to choose their own path?

Why do you think the Shrub gets so much blame for tanking the American dream and pocketbook? He went after the wrong guy and it wasn't to satisfy the bloodlust we were all feeling after 9/11. That crazy shit about subcontractor's making so much loot doesn't piss you off? $75 for a bag of laundry. "Iraq for Sale" is a movie that should make you grind your teeth. Give it a look see man.

The truth of the matter is that y'all have a mortgage system designed by thieves for thieves it was quite simply that morality was thrown under the bus so people could make a killing. But whatever you do do not get rid of your precious middlemen.

http://salixrw.com/files/salixrw/ima...ot1%5B1%5D.jpg

:D

A lot of people are blaming other people because of their own greed. Back in 04 when I bought my house they would've given me twice as much. I looked at the numbers and figured out a simple concept:
I COULDN'T AFFORD IT.

;)

The regulators should've been stricter though.

Pete

Ai Dios Mio, they brokers and bankers lied like cheap rugs and told the regulators everything was fine.

Agreed, but I have a hard time believing they couldn't see it by looking out the window!

Nobody wants to stop the gravey train though.

Pete

Because he and his homies did fuck this country up? Listening to the radio this morning I heard that recent polls find most Americans still understand that the Bush administration was at fault for the "Great Recession" or whatever you want to call it.

From Reuters;

http://www.reuters.com/article/2012/...85D0XI20120614

Indisputable fact; Last quarter of 2008, job losses at nearly 3/4 million per month. I wonder what UE would be today if that horrible performance had run unabated through the last four years? Pretty sure it would make 8.2% look like utopia.

Hard fact;

The economic crash came on the heels of six full years of GOP majority control in the House, Senate and Whitehouse. Rate of job loss for the last quarter of 2008 nearly 3/4 MILLION per month.

The only people who don't see that, refuse to see it. Plain and simple.

The last four years? It's amazing there is anything left of this country at all after the disaster we had in 2000-'08.

Dave

At what?

If it wasn't obvious to them Rob, they were in the wrong line of work.

And everybody knew about the derivatives too.

Pete

Hopefully you didn't do an ARM Pete. That's where a lot of the toxic assets came from.(or so I've been programmed to believe:rolleyes:) Musical chairs is how it played out without any chairs for those folk who were rooked by this scheme. Their mortgages shot up and the banks weren't allowing the often promised conversions to fixed rate. Foreclosure's poisoned the well and the house of cards fell. (cliffnote version) No ARM for me as I'm a suspicious and paranoid curmudgeon who don't trust any of those weasels. :D

No ARM either. They have their place but not for me!

I believe many of the ARMs actually went down though. Interest only and balloon mortages can be very bad.

Pete

I have commented on that before, Brooksley Born tried to warn everyone about derivative but Alan Greenspan, Robert Rubin and Lawrence Summers as good as gagged her. If the all knowing Alan Greenspan says not to worry, who was going to believe a mere woman.:rolleyes:

Who was the barking idiot who invented the sub-prime mortgage? And why was Wells Fartgo selling subprimes to people well qualified for a standard 30 year mortgage.

The way the mortgage system is designed here it had to happen eventually.

My mortgage company, a small, independent company never drank of the easy mortgage terms Kool-Aid and therefore wasn't involved in the whole mess. I have an ARM through them, at it's worst it was ~$615/month. Today it sits at $482/month.:)

In <6 years, it will be at $0/month.

Dave

Wow, that's awesome! Drinks on Dave - in six years :D

Pete