Low mortgage rates and prices fail to...

Low mortgage rates and prices fail to stop home sales from sinking ...

There are 9 comments on the Fox2Now story from Aug 24, 2010, titled Low mortgage rates and prices fail to stop home sales from sinking .... In it, Fox2Now reports that:

Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades.

Join the discussion below, or Read more at Fox2Now.

Fbho

Elko, NV

#1 Aug 24, 2010
Yup, change you can believe!(Wink)
department of hard labor

Denver, CO

#3 Aug 24, 2010
King Kong wrote:
How in the heck can some of these houses be worth $500,000 $250,000? Overpriced, cheaply built crackerboxes with postage stamp yards. I dont know a thing about real estate but realize that anyone whos bought a home in the past 20 years has been taken to the cleaners.
true.
department of hard labor

Denver, CO

#4 Aug 24, 2010
Fbho wrote:
Yup, change you can believe!(Wink)
Now you know that certain paid demoncrat/libtard bloggers will soon be on here blaming the previous administration for this regime's shortcoming.

Liberals never answer questions and they always try to blame someone else.

Liberalism 101.

And all such blatherous liberalism should be regarded with what the Japanese call "mokusatsu:" silent contempt.
GATOR

Saint Louis, MO

#5 Aug 24, 2010
Home ownership is a good thing as long as you don't have to ask for help taking the wheels off.....
thotseed

Denver, CO

#6 Aug 24, 2010
1) 3 trillion to Iraq and Afghanistan over 9 years to help Muslims stop killing themselves and police themselves so they wouldn't kill others too (presumably us).
2) 2 Trillion to the crooked banks for bailing them out (and AIG, etc) when most turned around and gave it to CEO's or recorded record profits.
3) An insignificant 8 Billion awarded to homeowners to help keep their homes. Then 2.5 million more foreclosed.

Something wrong with this pattern? It's clear our politicians do NOT have our best interests at heart and that we are indeed the 'little people' that the BP CEO spoke of.

Are you tired of being a little people?

Then speak up to your congress that 'Subsidize or Die' means if we don't stabilize the home market by stronger subsidization that we already have in it's various forms, then America, like the Titanic, is going down to the bottom of the sea.

Is that what you want America? Is that fair to our kids? Is this the future we want for them?

Stop pointing fingers and demand congress pass a damn strong 'make up for lost time' subsidization with teeth that will continue as LONG AS NECESSARY to stabilize the market.

This can't be done with lower interest rates alone or forcing crooked banks more concerned with where they can stab us better the next time we change the rules like bounced check fees, over draft fees.

We simply MUST to survive in this country execute a new subsidizaton program, based on indexing the interest deduction or other dedicated scheme so that homeowners have more incentive to buy a home and STAY in it or the market is going to continue a tailspin downward to oblivion and your going to have homes worth 10 cents on the dollar and everyone bankrupt.

Except the cocky rich of course and the lucky shits whose timelines just lucked them out with good deals they made a killing on at others expense.

Without a good strong subsidization program enacted within 6 months the damages will be past repair and no one is going to want to even consider touching a home to purchase.

To those wishing prices fall even further careful what you wish. The cliff ahead is straight down. Push to far and it's total. Death to America is the result.

A concerned citizen.
Thor

Mclean, VA

#7 Aug 25, 2010
If the banks would start loaning money to hard working folks with a credit rateing of less then perfact then maybe the houseing market will improve.
Chris

Florence, AL

#8 Aug 25, 2010
Housing mortgages should be based on how much a person is willing to accept. The key idea is to have a plan of how much you want your house reduced ahead of time. People are not going for housing markets that have homes priced from $200,000 to $250,000. People are more likely to get a quick buy on homes around $60,000 to $80,000.
MrObvious

Irving, TX

#9 Aug 25, 2010
Chris wrote:
Housing mortgages should be based on how much a person is willing to accept. The key idea is to have a plan of how much you want your house reduced ahead of time. People are not going for housing markets that have homes priced from $200,000 to $250,000. People are more likely to get a quick buy on homes around $60,000 to $80,000.
Any home priced under 200k has to be a shythole or in a lousy neighborhood, Who wants their kids going to school with the riff raff in the poor areas?? I would rather rent in a nice neighborhood than own a dump in the jungle.
QUITTNER

Toronto, Canada

#10 Aug 27, 2010
11:33 am, Friday, August 27, 2010:
RE: Low mortgage rates and prices fail to stop home sales from sinking ...
1) I'm only guessing, but it seems that most, or even nearly all, those who wanted to buy have already bought during the Bush administration.
2) That is "the secret" of how come tax revenues increased THEN despite a reduction of tax rates. Simple! It's due to time shifting; it made people buy THEN instead of now, and hopefully with a different political party now getting blamed for what Bush (and others too?) did.
3) It's very likely only temporary - many people will need to buy in the future, but not now; just look at the statistics, but do NOT wait for the next time-shifting political artistry; it probably will not be coming soon enough!
4) By the way, who said that one shouldn't be a borrower nor a lender?

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