Arizona's New Immigration Law

[firstdown]

The housing issue was caused by just about everyone involved. Banks, goverment, builders, realtors, and the customers buying these homes.

[Rainy Parade]

Originally Posted by firstdown

The housing issue was caused by just about everyone involved. Banks, goverment, builders, realtors, and the customers buying these homes.

yup.
i'd also like to blame Dan Snyder, Vinny Cerrato, Dick Cheney, Jason Campbell, Ben Roethlisberger, Jim Zorn, Tiger Woods, Greg Blache, Brett Favre, and Albert Haynesworth.

and the media.

[joethiesmanfan]

Originally Posted by firstdown

The housing issue was caused by just about everyone involved. Banks, goverment, builders, realtors, and the customers buying these homes.

Banks are not controlled by government. Please Slinging Sammy confirm with your links. The housing inventory existed before the sub prime loans. This will prove my hypothesis. Housing BOOM!!!

[firstdown]

Originally Posted by joethiesmanfan

Banks are not controlled by government. Please Slinging Sammy confirm with your links. The housing inventory existed before the sub prime loans. This will prove my hypothesis. Housing BOOM!!!

If there was a flood of houses on the market then home prices would have dropped so builders could sell them. The opposite was happening and there where more buyers then homes so prices jumped as buyers bid the homes up in value. Now toward the end when the buyers dried up there where more homes then buyers and like now prices have dropped. Thats just basic economics.

[JoeRedskin]

Originally Posted by firstdown

If there was a flood of houses on the market then home prices would have dropped so builders could sell them. The opposite was happening and there where more buyers then homes so prices jumped as buyers bid the homes up in value. Now toward the end when the buyers dried up there where more homes then buyers and like now prices have dropped. Thats just basic economics.

How dare you inject the concepts of supply and demand into jtf's rant against the free market!!

[JoeRedskin]

In your own words:

Originally Posted by joethiesmanfan

What came first the chicken or the egg? Did the inventory of (over building) houses exist before the sub-prime loans? Why would banks design such crazy loans? What would be their motivation? Government pressure? When have banks ever operated in this fashion?

Originally Posted by joethiesmanfan

Please [joethiesmanfan] confirm with your links. The housing inventory existed before the sub prime loans. This will prove my hypothesis. Housing BOOM!!!

You make many, many assertions both explicit and implied concerning the causes of the houseing collapse. Where are the links showing the excess inventory pre-boom?

[joethiesmanfan]

Originally Posted by JoeRedskin

In your own words:






You make many, many assertions both explicit and implied concerning the causes of the houseing collapse. Where are the links showing the excess inventory pre-boom?

Study Shows Building Boom Before Market Crashed - City Room Blog - NYTimes.com

Builders returning to the devastated Florida housing market - Apr. 16, 2010


Putting people into the housing market who weren't in the housing market. Releasing credit restrictions to get rid of them houses. These two links show New York housing market and Florida.

[JoeRedskin]

Originally Posted by joethiesmanfan

Study Shows Building Boom Before Market Crashed - City Room Blog - NYTimes.com

Builders returning to the devastated Florida housing market - Apr. 16, 2010


Putting people into the housing market who weren't in the housing market. Releasing credit restrictions to get rid of them houses. These two links show New York housing market and Florida.

Neither of these two articles show any proof that the market was saturated preboom. Neither show any indication that, pre-boom, banks were funding builders w/ no demand.

From the Florida article:
"This is quite a turnaround for Schulmeyer's group, which had retreated to building just over 100 homes in only four communities in 2009, down from 900 houses in 20 locales during the peak mid-decade."

From the New York article:
"Furman Center researchers found that the city gained 170,000 new housing units from 2000 to 2008."

Wow - they built too many houses and then the market crashed. The explosion in price occurred at the same time as your articles show the building boom. NOT BEFORE. Where's the proof that the housing boom existed before prices exploded?

Timeline of the United States housing bubble - Wikipedia, the free encyclopedia

File:Median and Average Sales Prices of New Homes Sold in United States 1963-2008 annual.png - Wikipedia, the free encyclopedia

Further, neither of your articles mention anything about the so-called easy money available to builders PRE-BOOM and which, according to you, was the ultimate cause of the housing crash.

Don't worry, I won't tax your limited comprehension skills by requesting you prove your hyperbole. Feel free to cling to your comfortable, simple misconceptions.

[joethiesmanfan]

There are houses, too many we can't sell. Find one you like and we will work with you to own it.

[MTK]

Obama care thread move over, we've got a new sheriff in town

[CRedskinsRule]

You know who built all those houses? Illegal immigrants, that's who. Thus proving a plot by the socialist parties of Mexico and Cuba to invade our land with low skill low wage workers who would topple the very foundation of the free market by flooding the housing sector with unneeded houses thus forcing the banks to begin the subprime craze, and Fannie Mae and Freddie Mac to keep pumping money until the system collapsed. Then the socialists of Cuba/Mexico took to the Gulf where they forced Big Oil to drill in deeper and deeper water until Big Oil lost it. I see the whole picture now. It is clear. Thank you joetheismanfan. Die all you capitalist pigs, socialism will rule!

[joethiesmanfan]

Originally Posted by CRedskinsRule

You know who built all those houses? Illegal immigrants, that's who. Thus proving a plot by the socialist parties of Mexico and Cuba to invade our land with low skill low wage workers who would topple the very foundation of the free market by flooding the housing sector with unneeded houses thus forcing the banks to begin the subprime craze, and Fannie Mae and Freddie Mac to keep pumping money until the system collapsed. Then the socialists of Cuba/Mexico took to the Gulf where they forced Big Oil to drill in deeper and deeper water until Big Oil lost it. I see the whole picture now. It is clear. Thank you joetheismanfan. Die all you capitalist pigs, socialism will rule!

Your Welcome

[CRedskinsRule]

Originally Posted by joethiesmanfan

Your Welcome

sadly, I don't know if you understood the dripping sarcasm of my comment.

[joethiesmanfan]

Originally Posted by CRedskinsRule

sadly, I don't know if you understood the dripping sarcasm of my comment.

Frankly my dear, I don't give a damn.

[CRedskinsRule]

Originally Posted by joethiesmanfan

Squawk, Frankly my dear, I don't give a damn. Squawk

Fixed it for you.