March 3rd, 2009
An Analysis Of The Housing Market
Interesting stuff, especially for people who are hoping to own a home in the near future. Basically Barack Obama wants to save people losing their homes but this guy is saying you can’t save people and you have to let the market return to normal levels. What goes up must come down…
Tags: Barack Obama
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March 3rd, 2009 at 2:36 pm
get the fuck out they wanna chop up his sound clip to make him sound insane when the guys talking about people losing homes faster than ever
March 3rd, 2009 at 2:43 pm
NEVER TRUST FOX NEWS!!!!
March 3rd, 2009 at 3:12 pm
yeah this guy definitely took his speech out of context in this segment. he’s correct on the chart and the information that is within it, but he’s blowing it out of proportion.
March 3rd, 2009 at 3:19 pm
FOXNEWS IS YOUR SOURCE OF INFORMATION?
March 3rd, 2009 at 3:33 pm
Yeah im pretty surprised Glen Beck moved over to fox, WOW?
Anyway, yeah what he’s saying is true about Obama but do we sit idle and do nothing for the millions of people who will lose their jobs and virtually have no place togo after their home is foreclosed on?
Goes back to tha ” Your on your Own ” Mentality.
March 3rd, 2009 at 3:44 pm
NAS ethered FOX news
March 3rd, 2009 at 3:51 pm
Basicaly Glen is right. Because america is under a capitalist system, the key point of its success that most of us do benifit from is to let the market run its coarse without the gov interference. Unfortanatley My presidant is going to have the hand of God to make his plan work. Lets HOPE.
March 3rd, 2009 at 3:55 pm
He is actually wrong. Start his little graph that far back is pointless because the cost of living has gone up, technology has changed… everything has fuckin changed. ppl arent driving model T’s anymore. And paying an extra $100 a month until the market gets back is better than losing a few hundred in property value because the value of your home drops due to everyone in the neighborhood filing bankrupt and dropping keys int he mailbox. Hes an idiot.
March 3rd, 2009 at 3:55 pm
Glen is absolutely right. The reason for the housing crisis is plain and simple. Houses are too expensive. If the majority of people in America are having trouble paying their mortgages, this obviously means that mortgage payments are too high! They were given loans that they simply can not afford to pay! Housing prices need to come down!
March 3rd, 2009 at 3:58 pm
And to everyone. We all know Fox has been partisan in the past but truth is truth. I believe that Glen is respectfully disagreeing.
March 3rd, 2009 at 4:01 pm
Hoover believed in that let the market run its coarse bullshit and he had a worse approval rating than Bush. Bottom line is ppl who have cheese can say let its run its coarse. Obama didnt start these bailouts, republicans did. 700 billi ago and half of it no one can account for to this day. All that socialist vs. captalist arguement is old news. Ask McCain how far that will get you.
Fact of the matter is if you pay a morgage and you pay your shit on time its fucked up because we will have to basically help pay for bad behavior on idiots who should never have purch a hoem they cant afford. But those idiots got approved by banks. Its like if a person crashes into you who shouldnt have a drivers license in the first place. Who are you mad at the idiot driving or the idiots at the DMV who gave him his L’s.
March 3rd, 2009 at 4:02 pm
Well if Obama’s plan is so unrealistic, then what is Beck proposing that we do? Do we just let the enitre bottom fall out and start over from scratch or do we try our best to salvage what’s left?
March 3rd, 2009 at 5:04 pm
The information is correct; Yale Economist Robert J. Schiller did the study.
I think the idea is to the let the housing market adjust it’s self down to a more natural state.
The majority people that are losing their houses should not have ever been able to purchase a home in the first place. Due to their credit, ability to make a down payment & also they purchased awful track houses build cheaply by developers on land with little value. It’s hard to have any sympathy for these people.
Especially when “we” (people under thirty & our children) are going to be paying for these people’s homes long after their dead.
Side note; I work in a residential architecture firm for context.
March 3rd, 2009 at 5:31 pm
if the masses didn’t participate during the housing bubble then the present economic crises could have been avoided. but then again that with defy sheeples nature which is greed! get ready because prime minister obama is going propose a new act called “the fair housing and banking act”, which will freeze troubled mortgages. when your mortgage is ‘frozen you will be essentially be renting your home from the government in exchange for protection from foreclosure. therefore you will NEVER be able use your home as an asset, which means no home equity loan, no renting, no selling for profit will be allowed and real estate will cease to be private asset forever. get ready for the new world order and the quarantine of mass quantity of useless eaters. you hear people committing suicide daily these days because of economic crises! does it come across to you as great shock? all major movies from 07-08 are their to indoctrinate u all! what happened in the movie ‘the happening’? because in reality it is really happening. u now hear people saying college is scam because reality you cant borrow to get ahead.
for those who think -
“How clear it the undeveloped power of thought of the purely brute brains of the masses as expressed in the fact that they have been borrowing from us with payment of interest without ever thinking that all the same monies plus additional payment of interest must be got by them from their fellow peers who must also borrow from us in order to settle up with our bankers”
March 4th, 2009 at 5:13 am
how can the standard be the same for 120 yrs? (@ 100 thou.)
March 4th, 2009 at 8:14 am
@15
Its a very standard when comparing finances over a period of time, to adjust for inflation.
Example: Ted Williams made $90,000 in 1951 as the top paid baseball player, adjusted for inflation it would be equivalent to roughly $770,000 today.
March 4th, 2009 at 12:06 pm
@ CallmeMR.INDI Says:
Co-sign.
And on that note:I hope the hand of God can make your spelling work. LOL!
March 4th, 2009 at 1:12 pm
WOW! That chart is not adjusted for inflation at all…..he is trying to tell me that housing prices should stay the same price from the 1890’s until forever!!!!!!!!!! R U kidding me! Housing prices are overinflated but like Obama said it is possible to stop the fall he we get the market and banks to a place where it is OK to lend to responsible people like the ones Obama is trying to help!