Home Values See Largest Drop Since 2008

How's that Hope and Change working for ya?

Times are so great aren't they?

His election was "historical" alright.

 

I've read somewhere that something like 70% of all the people under Obamas loan remodification are back delinquent and headed to foreclosure.

 

The damn loans were given out in the Bush Administration. Obama tried to give folks a chance of saving their homes. I know a good number of folks who have lost their Family Homes. Two of them is because their Spouse isn't paying child support. Another is because her husband didn't get paroled and she's been working two jobs to try and keep it for some time. She was counting on him getting out so he could help he with the kids and the mortgage.

 

Part of the drop can also be the housing market coming back to itself after the insane appreciation levels between 2004-2007 or so.

Lots of corrections on the sins of the past .......

 

Damn george bush making people buy homes they can't afford.

 

real estate values dropping is all the presidents fault. got it.

 

It was hard for some to not take advantage of the 100% Refi when it was a really bad idea considering their risk.

Many of them shouldn't have been offered.

 

it was actually president clinton that forced banks to relax the lending standards so that more minorities would become home owners.

but it was the republicans that snuck the bill through that removed all the banking restrictions that had been in place since the great depression... and 10 years later look what's happened. it isn't a coincidence.

 

It's not the American peoples fault and its not one particular presidents fault.

Who could blame people when for 20 years homes were huge piggybanks? Just buy one and double your money in 5 years.

It got ridiculous, the market smacked it down, and many people were left holding the bag.

Simple.

 

Negative.

Bush tried to regulate Fannie and Freddie and the left cried foul.

 

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There is quite a bit of bad decision making in there apart from and probably long before anything real estate related took place.

 

Haha, like it was Bush's or any of the republicans idea to make unsound loans. GET REAL, and pls PULL YOUR HEAD OUT.

 

no it was the republicans who made it possible for high risk mortgages to be bundled up by the hundreds of thousands and sold on the market as investments, while at the same time offering unbacked insurance policies betting against the people's ability to repay the mortgages in the first place.

the banks are out of control. republican sponsored deregulation is the fault.

nobody can fix it because every time the democrats try anything, the pubs just start screaming "socialism" and "big government" until they get what they want, which is usually more money for the people (and now corporations) that finance their campaigns.

 

When are we gonna get past this two-party BS? The govt and the market knows what they are doing. The rich get richer and you bitch at the other brokedick sitting across the table.

We're getting played.

 

I think that's in the fine print of the constitution

 

I never knew Barney Frank was a Republican.

 

Yup.

 

^^^^^^^^^
That's a BINGO!

 

Wow.

That is the logical equivalent of the following:



^ Typical Republican voters.