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

To: TimF who wrote (553122)	3/4/2010 1:22:10 PM
From: tejek	Read Replies (1) \| Respond to of 1573841

Hmmmm....the most socialistic EU economies are doing the best. How interesting! The best and worst housing markets in Europe Norway ranked as the best housing market in 2009 according to a new survey of 24 countries in Europe. By Stephen Kurczy Correspondent / March 2, 2010 Boston Housing prices across Europe continued to fall in 2009, with only five countries in the 24-nation zone seeing their average home values rise. But there was some optimism for Europe’s housing market in 2010. While the first half of 2009 “was full of gloom,” the second half of the year saw housing markets bottoming out and showing signs of recovery, according to the latest European housing review by the Royal Institution of Chartered Surveyors. Nordic countries led the charge, with Norway’s home prices rising 11 percent from a year ago thanks to a culture of savings and a strong economy backed by oil revenues that bucked the global downturn in 2008. IN PICTURES: The best and worst housing markets in Europe Finland and Sweden followed close behind in growth, with home values respectively rising 8 percent and 7 percent. Only Austria and the United Kingdom also saw their home values increase, and a small fraction at that. But most of Europe has little to celebrate, according to the latest European housing review by the Royal Institution of Chartered Surveyors. "Huge problems remain, unfortunately. Housing markets around the fringe of Europe are still dragging down economies in a vicious circle, and all European housing markets continue to face credit constraints and great uncertainty,” wrote the report’s author, Michael Ball, a professor of urban and property economics at the University of Reading, UK. Biggest losers Latvia was the biggest loser in 2009, seeing home values plummet 53 percent on top of a fall the previous year of 30 percent. Fellow Baltic states Lithuania and Estonia also saw home prices fall about 30 percent over the year. Particularly in Spain, Cyprus, and Ireland, a glut of unsold holiday homes and primary residences could bring these markets further problems, the report said. Meanwhile, the US continues to see home prices fall. “European countries have automatic stabilizers when their economies start to slide; ones that are fairly strong relative to those in the USA, given the strength of welfare states, job protection, and unemployment pay schemes,” Professor Ball writes in the report. Also, the US has higher penalties for failing to keep up with mortgage payments, causing more distressed home sales and a glut of empty homes. “The experience of Ireland, Spain, and some central and eastern European countries has been more similar to that in the USA in this supply-side respect.” IN PICTURES: The best and worst housing markets in Europe csmonitor.com

To: TimF who wrote (553122)	3/5/2010 10:56:40 AM
From: RetiredNow	Read Replies (2) \| Respond to of 1573841

Agree with your post. The key point I made earlier is simple. Independents are a key to power. They are the swing votes. So a party that wants to be in power has to figure out how to make the tent big enough to entice Independents. The question the GOP needs to ask is whether they can win over Independents by simply vilifying the Dems, or will the GOP actually have to soften their policies a bit to appeal more to centrists. I think the level of government disgust is now so high, precisely because both parties (first Bush and now Obama) have been unwilling to govern with fiscal conservatism in mind. So I don't think the current GOP strategy of obstructionism and Dem vilification is going to be enough to regain power. Ultimately, they are going to have to move back to center-right and start voting for some of the things they themselves suggested when they were in power. I don't think Americans are fooled when the GOP was for something when they were in power and against it when the Dems are in power. At least, I'm not.