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To: Polybius
The best thing that they could do to resolve all of this is quit trying and let the market take care of it, On my street, six months ago there were 4 out of 7 houses that were foreclosed. All of the families that bought them, took out seconds to buy cars, motorcycles and other toys. In each case none of the families had the income to be in this neighborhood and the end came fast. Now there are no empty houses on the street and the people who moved in are very responsible with the incomes to support their home ownership.
However if they allowed the market to correct itself, they would be able to secure power for a longtime. So I hope Obama the Great, Nancy the First, Harry the Highest, and Barney the Fierce along with their court of many jesters keep it up and going down.
Just remember it has only been a months, but I have heard reporters make the comment that it seems like years. He is getting old fast and I figure that some of the solicitations for campaign donations are not being returned.
16 posted on 03/07/2009 12:36:19 PM PST by Wooly
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To: Wooly
It is very different in this area. Someone bought a house up the street, have gutted it and rebuilding and adding on. Don't know what they paid but the asking price was over 100,000 more than this house and the others on this street. People who have been in it said it desperately needed updating. Houses in this neighborhood sell very fast. My house is on a 3/4 acre lot and everyone has told me that I have the best lot on the street plus the view is fantastic. When my daughter was a teenager, she and her friends would climb on the roof to see the view better. I am having some remodeling done and the contractor said my lot was worth more than the house so have already told my daughter, grandkids, that they are not to ever sell this house after I am gone. The new ones are built so close together that people can see in their neighbor's rooms. Not for me.
26 posted on 03/07/2009 1:11:19 PM PST by MamaB (Heb.13:2)
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