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In Obama's Second Term, What Will Happen to the Housing Market?
Townhall.com ^ | November 19, 2012 | Mark Calabria

Posted on 11/19/2012 7:24:16 AM PST by Kaslin

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To: Darteaus94025

Yeah, the DC market will stay high, thanks to all the govt jobs paying huge salaries for doing NOTHING!


21 posted on 11/19/2012 9:00:29 AM PST by matginzac
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To: Tenacious 1

Didn’t Bernanke just say last week, that there seems to be a problem with lower percentages of minority mortgage applicants being approved for mortgages, so they need to take a look at how to make mortgages more easily available to minority applicants. (?)


22 posted on 11/19/2012 9:17:02 AM PST by NEMDF
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To: Tenacious 1

I didn’t think a tag was required, it’s basic Marxist economics based on “fairness”, class warfare and wealth distribution.

Agenda 21 is a “sustainability” program from teh UN that, among other things, calls for depopulation of rural areas and concentration of housing in urban areas near public transportation nodes. Apartments, condos, big multi-unit sustainable green housing. There is a lot about it on FR.


23 posted on 11/19/2012 9:29:28 AM PST by DBrow
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To: NEMDF
Didn’t Bernanke just say last week, that there seems to be a problem with lower percentages of minority mortgage applicants being approved for mortgages, so they need to take a look at how to make mortgages more easily available to minority applicants.

Exactly! He did say just that (not sure of exact quote).

Apparently nobody explained to him what really caused the cascading economic spiral we are now in.

24 posted on 11/19/2012 9:31:23 AM PST by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: Donkey Odious
Sounds like a firm foundation for a housing boom to me!!

LOL

Your perspective is all wrong. Think of all the jobs that could be created if we just start demolishing houses by the thousands. We could make it a law that a foreclosed home had to be levelled. Soon there would be a demand for more housing as more and more people were left homeless. Think of the money people would save if they didn't have to pay for a mortgage. Then there would be a huge demand for housing as people would want some place to live. More houses would get built and because there would be so many extra houses, they would be affordable. Hence, low and no income people could afford to pay on mortgages. The whole housing market problem would be fixed.

TA-DA! (is a tag needed here?)

25 posted on 11/19/2012 9:37:57 AM PST by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: Kaslin

Obama could give free houses away with cellphones, and first in line to sign up get a lifetime free supply of condoms.


26 posted on 11/19/2012 9:50:47 AM PST by pallis
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To: Tenacious 1

My apologies for such poor thinking on my part.....Your scenario is perfection. And, of course, the EPA would have to be involved to monitor the disposal of the asbestos and lead-based paint in the older homes. Just think of all the new jobs that alone would create!

Why do I keep seeing a vision of a whole nation of Detroits?


27 posted on 11/19/2012 10:24:22 AM PST by Donkey Odious ( Adapt, improvise, and overcome - now a motto for us all.)
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To: Tenacious 1

Already happening in NJ & NY.

Also happening in Detroit & Cleveland.


28 posted on 11/19/2012 10:26:56 AM PST by woodbutcher1963
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To: Kaslin

Housing market? We’ve got a housing market? Who knew?


29 posted on 11/19/2012 12:14:25 PM PST by jmacusa (Political correctness is cultural Marxism. I'm not a Marxist.)
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To: Tenacious 1

There was an article last week about 0bama’s second term racist agenda where he and Holder were going to pursue the doctrine of “disparate impact” and sue any institution that was involved in anything that affected minorities “disparately” in a negative way.

No word on studying the disparate racial representation of sports scholarships, professional basketball/football, etc, of course.


30 posted on 11/19/2012 12:18:53 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Kaslin

The government is financing foreclosures for people who lost their homes due to foreclosure.


31 posted on 11/19/2012 2:51:01 PM PST by Terry Mross (I haven't watched the news since the election. Someone ping me if anything big happens.)
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To: DBrow

City living affects your brain, researchers find

http://www.guardian.co.uk/science/2011/jun/22/city-living-afffects-brain

The part of the brain that senses danger becomes overactive in city-dwellers when they are under stress


32 posted on 11/20/2012 6:56:43 AM PST by 1010RD (First, Do No Harm)
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To: Tenacious 1
We could make it a law that a foreclosed home had to be levelled.

With the amount of completely trashed foreclosed homes out there, that might not be a bad idea. I have seen these foreclosed homes that were bought by former renters, they are worse than some of my rentals condition after a tenant moves out. Funny, Freddie and Fannie almost always fix up the homes so they can be sold. They are losing thousands in value and putting additional taxpayer monies into fixing them up? Astonishing!

There are $75-$100,000 fixers all over. Some are not that bad, the mortgage payment for a $75,000 home with 20% down at 3.525% interest over 30 years is less than $300 a month plus taxes and insurance. It is a tax shelter extraordinaire!!

33 posted on 11/20/2012 7:38:58 AM PST by thirst4truth (www.Believer.com)
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To: Kaslin
Actually, the next Housing bubble already began before Obama's first term. The reason we had the first one was that, although Barney Frank (head of the Finanacial Services Committee) was told that lending to higher-risk people was going to create havoc, he said (and you can Google the video) on Sep 25, 2003, "I want to roll the dice". Soooo... Banking rules were changed so that any banks that did not hand out enough housing loans to minorities would face stiff penalties. Loans were given to our beloved poor, loans were not paid back, the bad debts were bundled and re-bundled into many many assets, poisoning them all (or, as the Marxists love to say, "Socialized the risk"), and the huge snowball effect lost trillions for the US and for a large part of the globe.

Last year, our beloved Justice department started looking into CRIMINAL sanctions against bank heads who did not give out enough loans to minorities. (Before it was just money they'd lose, and the banks jumped so hard we all lost trillions. When it is the FReedom on the line, they'll jump even harder!!!)

It took 5 years for the bubble to grow and burst. Look for 2016 to this one to come crashing down once again.

Be prepared, Scouts!

34 posted on 11/20/2012 8:20:47 AM PST by Teacher317 ('Tis time to fear when tyrants seem to kiss.)
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To: Kaslin

1. Interest rates will temporarily hit below 3%, but interest rates will rise by end of year as the prime rate rises.

2. Unemployment will continue to be a problem such that banks no longer want to see a job but a job over six months duration.

3. Younger people will continue to not buy homes and live with parents or live together, decreasing demand.

4. Smaller, less expensive homes near office centers will be offered, forcing the current housing market to continue to see less demand.

5. Gas prices will continue to stay above $3/gallon, also creating demand for homes closer to work centers, decreasing demand on many subdivisions and rural areas. Apartments and condo will continue to see increasing demand.

6. Baby Boomers will continue to retire at a rate of 10,000 per day. Many were counting on higher home prices to fund their retirement. They will not see that investment pay off, forcing rural and expensive homes to continue to stagnate in price.

7. Banks by end of year will be hurting for business and will relax mortgage standards, however, Obama and his fellow Communists will create regulations to steer those relaxed standards into minority urban areas and out of suburban and rural areas.

8. Soviet style block buildings will become popular as they are cheap and offer an alternative to living with parents or others. Expect this idea to start within the end of year. It has been mentioned before.

9. The ObamaCare tax of 3.8% on the selling of a home will be extended to all home purchases and not just for “rich white racists”. This will kill housing sales as it places people 3.8% further under water and increases home prices by 3.8%. If a mortgage is $100k and the sale is $100k, that won’t do. The house sale must be for 3.8% more, $103.8k, to pay the tax and the mortgage loan.

10. Unemployment will continue to be a problem and curtail housing sales. Unemployment is at least 14% for primary income earners so housing sales will lag by that 14%.


35 posted on 11/20/2012 8:55:27 AM PST by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off.)
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