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Trump in 2007: Housing Markets Are ‘Okay,’ ‘Fine,’ ‘Solid’
National Review ^ | 07/27/2015 | Jim Geraghty

Posted on 07/27/2015 11:00:49 AM PDT by SeekAndFind



TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: housing; trump

1 posted on 07/27/2015 11:00:49 AM PDT by SeekAndFind
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To: SeekAndFind

Pay off some politicians and use eminent domain and all is fine.


2 posted on 07/27/2015 11:02:21 AM PDT by GeronL
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To: SeekAndFind

Jim G. is the ultimate NR RINO hack. In March, 2007, Trump had it about pegged right—especially for a guy with so many interests in that market.


3 posted on 07/27/2015 11:06:41 AM PDT by 9YearLurker
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To: SeekAndFind

I’m sure his net worth took a dip in 2008 also.

But, he exceeded his 2007 peak long ago. So in that sense he was correct. He stayed in downtowns of major cities, New York, San Francisco and out of the housing tracts of Phoenix and Las Vegas.

Luck or Skill?


4 posted on 07/27/2015 11:07:49 AM PDT by cicero2k
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To: SeekAndFind

He wasn’t talking about banks being forced to make bad loans to those without credit worthiness.

Some of you anti-Trump folks are reaching for everything you can to bring him down. The GOPe appreciates your efforts.

It is my guess that there is enough to bring him down without having to reach this far.

How about offering more reasons to vote for the candidate of your choice? How about offering someone that can beat Hillary?


5 posted on 07/27/2015 11:10:22 AM PDT by boycott
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To: SeekAndFind

I see a trend on NR.

Good that I no longer care what they say.


6 posted on 07/27/2015 11:13:52 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: SeekAndFind

The REPUBLICAN President and the DEMOCRAT Congress said the same thing didn’t they? They were in Charge, Trump wasn’t.

I guess Trump is Toast once again. LOL


7 posted on 07/27/2015 11:15:42 AM PDT by Kickass Conservative (Leave to Gun, take the Cannoli...)
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To: boycott

RE: How about offering someone that can beat Hillary?

OK, here’s an honest question — do you really think Trump can beat sHrillary when it comes down to him vs her?


8 posted on 07/27/2015 11:16:32 AM PDT by SeekAndFind
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To: SeekAndFind

I don’t know. Maybe? I am not for Trump.

He’s 3rd - 4th on my list behind Cruz, Walker, Jindal.

He’s at least talking about issues the other GOPe and media don’t want to talk about.


9 posted on 07/27/2015 11:20:11 AM PDT by boycott
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To: Kickass Conservative
I guess Trump is Toast once again. LOL

997 998 999 1000 1001 1002th time! ....

10 posted on 07/27/2015 11:25:45 AM PDT by Red Steel (Ted Cruz: 'I'm a Big Fan of Donald Trump')
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To: SeekAndFind

Maybe Jim Geraghty should repost one if his columns from 2007 where he correctly predicted the housing market crash./s


11 posted on 07/27/2015 11:33:07 AM PDT by Hugin ("Do yourself a favor--first thing, get a firearm!",)
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To: SeekAndFind

In every economic cycle, people lose their jobs and stop paying their mortgages. Every economic cycle in hindsight looks like a revenue bubble. Mortgage performance is simply a symptom of the economic cycle.

In 2007 they were fine, but the economy was still weakened from decades of free trade with low wage countries. The mortgage industry had been boosted by relaxed standards to help the employment picture.

And then in 2007 the oil price shock started, and by 2008 oil prices had soaked up enough disposable incomes, that people started losing their jobs. Mortgages started going unpaid and finally a money market fund investing in short term mortgage securities broke the dollar for the first time. An immediate liquidity crisis followed as the banking industry stopped issuing credit.

Bush then lobbied congress on a bail out, resulting in extreme harm to consumer and business psychology.


12 posted on 07/27/2015 11:39:05 AM PDT by DannyTN
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To: SeekAndFind

This just in...Trump was not psychic in 2007.


13 posted on 07/27/2015 11:40:40 AM PDT by DannyTN
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To: SeekAndFind

This should be more disconcerting.

BLITZER: Actually, we should thank you for allowing us to come into your
office.
TRUMP: Well, I’m a fan, Wolf, and it’s my honor. Thank you.


14 posted on 07/27/2015 11:43:58 AM PDT by McGruff (Eat a snickers...)
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To: SeekAndFind
Trump made those comments at a peak.  At that moment, thing's weren't terrible.  Here's something else to think about.

If you're a guy like Trump, do you make comments to calm a market or do you make comments to stampede people and make everything worse?

If he says everything is teetering, what happens when it goes over the edge.  Couldn't folks blame it on the reaction to his "thoughtless" comments?

He couldn't win either way.


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07/23/2015: LINK  LINK to regular sized version of Ramirez's latest, and an archive of his political cartoons.

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...this is a general all-purpose message, and should not be seen as targeting any individual I am responding to...

15 posted on 07/27/2015 11:55:52 AM PDT by DoughtyOne (Conservatism: Now home to liars too. And we'll support them. Yea... GOPe)
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To: SeekAndFind

In his book, “The America We Deserve” published in 2000, he predicted a market crash but said he hesitated to talk about it because he didn’t want to issue a self fulfilling prophesy.

FYI...He also predicted a large terrorist attack in that book.


16 posted on 07/27/2015 12:02:25 PM PDT by Amntn
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To: SeekAndFind

That’s just so mean. That’s just terrible that you quote the boy wonder, the former up-until-he-was-sixty-something Democrat. I suppose you’re going to bring up that he was for gun control, abortion, eminent domain, Nancy Pelosi, Harry Reid, and Hillary too. Shame on you. Don’t you know he’s really and has always been with us on conservative issues. He hates Republicans and that’s enough for the people who support him.


17 posted on 07/27/2015 12:50:13 PM PDT by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: SeekAndFind

Last time I checked...a Bush was running the country in 07


18 posted on 07/28/2015 12:12:37 PM PDT by Zathras
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To: Zathras
.a Bush was running the country in 07

You left off, "into the ground."

19 posted on 07/28/2015 12:14:34 PM PDT by dfwgator
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