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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (269055)1/18/2006 12:08:26 PM
From: TopCat  Read Replies (2) | Respond to of 1571692
 
"Bush Housing Boom A Dangerous Bubble"

I see you're writing you own headlines again to fit your agenda. I'll bet every time you fart you blame it on Bush.



To: American Spirit who wrote (269055)1/18/2006 12:13:45 PM
From: Taro  Read Replies (1) | Respond to of 1571692
 
US housing could seem to be a bubble situation.
As we now understand because well documented on this board,

Clinton and his 500k free cap gain law, also called "everybody his own millionaire" is to be blamed for that.

The climb thus took off aro 1996 and may now be ready to drop off the cliff.

Congrats for shifting to a different groove, AS!

Taro



To: American Spirit who wrote (269055)1/19/2006 2:29:11 AM
From: tejek  Read Replies (1) | Respond to of 1571692
 
NAR President Thomas Stevens says he isn't worried that nearly half of first-time home buyers put no money down, but adds, "If the number was higher than that, I'd be concerned."

The headline of that article sounds much more ominous that it is. Most buyers are repeat buyers, not first time home buyers. And the above comment is also true. Where we could get into trouble is if the economy fell off a cliff.


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