By Ron

May 13, 2008 8:57 PM | Link to this

When prices were high, all we read about was how unaffordable it was for a “young married” couple to buy their first home, etc. etc. It was all doom and gloom for the poor working shlub.

Now you call it “ugly” when prices are coming down to an affordable level once again.

Which is it? You can’t have it both ways.

By NO CLUE

May 13, 2008 9:38 PM | Link to this

Ron you obviously know nothing about economics. There is more to economic stability than supply and demand. External forces come into play with inflation, deflation and stagflation changing the entire dynamics of society.

Sure when prices of housing are so high a young couple can’t earn enough to pay for a condo that’s only one scenerio. When prices come down because of deflationary spiral coupled with inflation of other expenses, that’s another scenerio. Any person’s marginal utility to consume is prefaced upon which item will bring the greatest amount of return for each dollar spent.

We are in the throws of one of the greatest economic upheavals of our current society. People talk about the crash of the market in the late 80’s. That was nothing compared to what will happen if the worldwide economy continues on the present path. With energy costs rising, food costs rising, un-employment increasing, political and military strife increasing, our government by credit card will soon have to take back the tax cuts given to the wealthiest 1 percent to pay for what should rightfully never have come their way.

And it will all get blamed on one party; the party in power at the time taxes will have to be increased.

It won’t matter to the un-informed clods like you, who have supported all the false promises, and the gradiose theory of trickle-down economics. You will sit back maybe because you have had the opportunity afforded you, to be protected in some way so you don’t lose everything. But what about that young couple who believed the same rhetoric, and is getting screwed now?

For those Reaganites out there who really believe in the trickle-down theory….here’s how it really is….It’s just the rich pissing on the poor.

By Ron

May 14, 2008 9:08 AM | Link to this

No clue is a clueless moron.

I’m well aware of the economic situation going on.

It has nothing to do with the “rich pissing on the poor”.

My comments were about The Posts coverage of the housing bubble, not the economics that may or may not have created it. Reading your Marxist diatribe, it looks like you believe the government can spend our money better than the person who earned it.

Your demonization of the rich shows what a pathetic and envious person you are.

Tax cuts were not given to just the top 1%, they “given” to everyone who pays taxes. Apparently you’re not one of us. The cuts were across the board at the withholding rates, and increased child credits and elimination of the “marriage” penalty.

The rich that you envy are the ones who are creating jobs. Poor people don’t hire people, rich people do.

Liberalism is a mental disorder.

By Curious

May 14, 2008 10:29 PM | Link to this

“Liberalism is a mental disorder.”

Love it!

Based of course on the root terms, collectivism or socialism.

And those based on the ignorant hope that a loving wish is a logical argument.

Cheers!

:-)

By DRIVE BY MEDIA VICTIM

May 15, 2008 12:26 PM | Link to this

News Media INFLATES FORECLOSURE NUMBERS to scare away home buyers,according to a recent investigation by The Business and Media Institute, “Realty Trac Says Media Misrepresents Data” dated March 28, 2008. The news media TRIPLES foreclosure numbers ignoring REPEATED warnings from Realty Trac and the Mortgage Bankers Assn. Realty Trac provides statistics based on filings in EACH STEP IN THE FORECLOSURE PROCESS. There are typically three to four filings for every household in foreclosure YET the news media ignores this and MISREPRESENTS the gross number of filings as the TOTAL number of FORECLOSURES. In most case FORECLOSURES are INFLATED 300% by the NEWS MEDIA. The News Media also MISREPRESENTS the number of homes in foreclosure as a percentage of total homes instead of a percentage of homes WITH A MORTGAGE since 33% of homes nationwide and 42% of homes in Florida DON’T EVEN HAVE A MORTGAGE. The news media including JEFF OSTROWSKI and The PALM BEACH POST have DELIBERATELY MISLEAD READERS in order to scare away home buyers! The DRIVE BY MEDIA which includes The PALM BEACH POST have WAGED WAR against South Florida homeowners for the past four years in order to destroy the housing market. JEFF OSTROWSKI has been particularly deceptive by MASQUERADING foreclosure and distressed property consultants as impartial real estate experts to mislead the public with FABRICATED HOUSING HORROR STORIES like the frequently INFLATED FORECLOSURE STATISTICS The Palm Beach Post hypes EACH MONTH! Now you know that even REALTY TRAC says the news media LIES!! The NEWS MEDIA wants your property taxes to go UP and the value of your home to go DOWN!