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Purveyor (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 11:37 AM Original message |
Economist: Housing Slump May Exceed Depression |
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DemocratInSoCal (402 posts) Send PM | Profile | Ignore | Tue Apr-22-08 11:55 AM Response to Original message |
1. And This One Will Take Even Longer |
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Demeter (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 11:57 AM Response to Reply #1 |
2. The Law of Gravity Will Not Be Denied |
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LiberalEsto (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:07 PM Response to Reply #1 |
4. I agree with you |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:04 PM Response to Original message |
3. It Will Take Some Years for It to Wind Out |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:09 PM Response to Original message |
5. I always get the feeling everytime something like this comes out... |
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corkhead (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:22 PM Response to Original message |
6. the collapse of the "almighty" Dollar will counterbalance the drop. |
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n2doc (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:24 PM Response to Original message |
7. Not everyone bought or refi'ed a house in the last 2-3 years. |
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Fovea (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:36 PM Response to Reply #7 |
8. That depends on oil. |
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girl gone mad (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 09:25 PM Response to Reply #8 |
37. The prolem is.. |
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Zhade (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 04:40 PM Response to Reply #7 |
50. Of course, that coast will move inward within decades (if that)! |
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EVDebs (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:37 PM Response to Original message |
9. This has me scared shitless and the Fed has no clue as to how to prevent it...nt |
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natrat (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 01:11 PM Response to Reply #9 |
13. please the fed is in on it , they dont give a shit about fixing it, |
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Hydra (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 03:10 PM Response to Reply #9 |
17. What Nat said |
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nodehopper (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 07:40 PM Response to Reply #17 |
32. how could they fix it overnight? |
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Hydra (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 10:19 AM Response to Reply #32 |
38. The problem with how people are looking at this is that most don't understand currency |
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scarface2004 (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:59 PM Response to Original message |
10. somebody should have told cretin bush... |
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bean fidhleir (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 12:59 PM Response to Original message |
11. It's all part of the same global problem: unopposed capitalist greed |
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Jackpine Radical (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 01:09 PM Response to Original message |
12. Jeez, I misread the end of the first sentence in that story: |
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happygoluckytoyou (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 01:17 PM Response to Original message |
14. JOHN "THE REPUBLICAN" MCCAIN.... WEAR THE TITLE PROUDLY ON THE BUMPER OF THE STRAIGHT TALK BUS |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 01:31 PM Response to Original message |
15. But this time the government will stand idly by and watch with fascination |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 02:18 PM Response to Original message |
16. In 1970, A House Cost ONE Median Year's Salary |
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ckramer (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 03:11 PM Response to Reply #16 |
18. 3-4 times salary? Where? |
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Lorien (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 10:40 AM Response to Reply #18 |
39. Average salary: 60k. Average home price in my neighborhood: 400k |
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darue (383 posts) Send PM | Profile | Ignore | Wed Apr-23-08 12:10 PM Response to Reply #39 |
42. I can't believe people are still paying that kinda money |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 01:40 PM Response to Reply #42 |
45. Quick questions |
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darue (383 posts) Send PM | Profile | Ignore | Wed Apr-23-08 02:48 PM Response to Reply #45 |
46. How much SHOULD a house cost? |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 02:59 PM Response to Reply #46 |
47. No problem with any of that |
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darue (383 posts) Send PM | Profile | Ignore | Wed Apr-23-08 06:03 PM Response to Reply #47 |
51. well, I guess they're ultimatly worth what people'll pay for them |
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dmallind (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 01:35 PM Response to Reply #18 |
44. heck it's about 2X here |
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muriel_volestrangler (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:03 PM Response to Reply #16 |
19. In Britain, the average house price is about 8 times median salary |
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darue (383 posts) Send PM | Profile | Ignore | Wed Apr-23-08 12:11 PM Response to Reply #19 |
43. in brittan they also have council houses you can rent for cheap. |
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HockeyMom (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:29 PM Response to Reply #16 |
30. We bought our first house in 1978 |
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PSPS (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:59 PM Response to Reply #16 |
31. That was before my time, but you are correct. |
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InkAddict (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 11:19 AM Response to Reply #16 |
40. Many areas, especially in the Rustbelt, never experienced the |
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IDemo (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Original message |
20. Shiller: Housing slump may exceed Depression |
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NC_Nurse (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #20 |
21. My house goes on the market Friday. |
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babylonsister (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #21 |
24. Wow, sorry to hear that, unless you're not. |
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Dr.Phool (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #21 |
27. What part of NC? |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #20 |
22. I'm Actually Shocked |
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enid602 (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #22 |
23. true |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #22 |
29. They only fell that much |
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happyslug (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 07:47 PM Response to Reply #29 |
34. But most people did NOT have 20-30 year mortgages, they had ONE year mortgages |
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nilram (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 08:19 PM Response to Reply #34 |
35. Thanks for that explination, fascinating! -nt |
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On the Road (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 04:22 PM Response to Reply #29 |
49. That is Probably True |
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speedoo (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #20 |
25. Schiller's a very smart economist. |
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DemocratInSoCal (402 posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #25 |
26. People WILL |
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speedoo (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 06:17 PM Response to Reply #26 |
28. I rarely watch CNBC anymore. |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 08:42 PM Response to Reply #25 |
36. Shiller is not only a smart economist, he's one of the smartest housing market economists |
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corporatemedia (1000+ posts) Send PM | Profile | Ignore | Tue Apr-22-08 07:41 PM Response to Original message |
33. So that means bush is right? This isn't a recession. n/t |
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4dsc (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 11:23 AM Response to Original message |
41. Todays homes a very overpriced |
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AngryAmish (1000+ posts) Send PM | Profile | Ignore | Wed Apr-23-08 03:28 PM Response to Original message |
48. I just bought a house yesterday |
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