Homebuilder woes deepen

Homebuilder woes deepen

There are 40 comments on the San Bernardino County Sun story from Aug 16, 2010, titled Homebuilder woes deepen. In it, San Bernardino County Sun reports that:

If last year was bad for homebuilders in the Inland Empire, this year is shaping up to be worse, costing the region jobs as well as revenue, according to industry reports and experts.

Join the discussion below, or Read more at San Bernardino County Sun.

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pee pee

San Dimas, CA

#2 Aug 17, 2010
gosh ya think it might be cuz of obama, and his policies,,,,,,,,,,,,nah, couldnt be, its all bushes fault
just my opinion

Indianapolis, IN

#3 Aug 17, 2010
It isn't any particular president's fault, I blame all this on corporate greed. Big business got greedy started handing out bad loans and WHAM! people couldn't pay on these bad loans, lost their houses. Everyone got freaked out, locked up their cash stash and now look where it's gotten us. If you want to get America back where it should be, go out and spend a little. You have to spend money to make money. That's just my opinion, I could be wrong.
Gary

Nuevo, CA

#4 Aug 17, 2010
BUMMER!!
JChrist

Los Angeles, CA

#5 Aug 17, 2010
The housing crisis started under bush's and a Republican controlled house and senate. They incoraged the no down payment, no credit, no job loans that got us into this mess.
TurtleDove

Hacienda Heights, CA

#6 Aug 17, 2010
JChrist wrote:
The housing crisis started under bush's and a Republican controlled house and senate. They incoraged the no down payment, no credit, no job loans that got us into this mess.
No mention of all the democrats like Waters that were pushing Bush to give loans to the people who now have had their homes foreclosed, etc. Yeah........Waters and her dirty ties to Freddie/Fannie Mae.
Vern

Adelanto, CA

#7 Aug 17, 2010
TurtleDove wrote:
<quoted text>
No mention of all the democrats like Waters that were pushing Bush to give loans to the people who now have had their homes foreclosed, etc. Yeah........Waters and her dirty ties to Freddie/Fannie Mae.
The blame needs to go at the feet of the real perps.....Barny Frank, Bill Clinton et al..
Vern

Adelanto, CA

#8 Aug 17, 2010
Did anyone forward a copy of this to the White House?

They wouldn't read it anyway, so what's the use?
NewAZConsumer

San Bernardino, CA

#9 Aug 17, 2010
Corporate greed? How about the greed of all of the people who took out adjustable rate mortgages knowing full well that they couldn't afford the payments once the loans reset? All they were seeing were dollar signs when they signed on the dotted lines, thinking that they'd just sell and move up before the loan reset. Of course the inevitable collpse of the housing bubble put the kibosh on those plans. Whatever happened to personal responsibility?

And let's not forget the brilliant minds of Barney Frank and Chris Dodd who pressured Freddie, Fannie, and the banks into loaning money to people who should have never received loans like this in the first place.
California Sun

Long Beach, CA

#10 Aug 17, 2010
The costs of the wars in the Middle East is decimating the U.S. economy. Here is some G.O.P. wisdom:

"Iraq is a very wealthy country. Enormous oil reserves. They can finance, largely finance the reconstruction of their own country. And I have no doubt they will." Perle, Chairman of the Pentagon's Defense policy.

"The allies have contributed $14 billion in direct aid." Cheney, October of 2004

As of October 28, 2007, the National Priorities Project estimated the share of Iraq War costs borne by U.S. taxpayers exceeded $463 billion.

Obama's wisdom? Spend even more!
America's economy is going down the toilet. One can only assume this is by design of both the Democrats and Republicans.
California Sun

Long Beach, CA

#11 Aug 17, 2010
NewAZConsumer wrote:
Corporate greed? How about the greed of all of the people who took out adjustable rate mortgages knowing full well that they couldn't afford the payments once the loans reset? All they were seeing were dollar signs when they signed on the dotted lines, thinking that they'd just sell and move up before the loan reset. Of course the inevitable collpse of the housing bubble put the kibosh on those plans. Whatever happened to personal responsibility?
And let's not forget the brilliant minds of Barney Frank and Chris Dodd who pressured Freddie, Fannie, and the banks into loaning money to people who should have never received loans like this in the first place.
Don't forget to mention McCain was a big backer of the cheap mortgages. Both sides of the aisle were involved.
Oncle Willie

Barstow, CA

#12 Aug 17, 2010
JChrist wrote:
The housing crisis started under bush's and a Republican controlled house and senate. They incoraged the no down payment, no credit, no job loans that got us into this mess.
Yo, you liberal twit. The program was started under Clinton, not Bush. The law required lenders to provide loans because minority home ownership was below that of white ownership. That is a liberal democrat idea if I ever heard one.

I am surprised the liberals aren't blaming Lincoln for all of our woes. After all he was a Republican.
test

Brentwood, NY

#13 Aug 17, 2010
test
Ggali

Sun City, CA

#14 Aug 17, 2010
It really boils down to greed on all parts/consumer/ predatory lenders/and yes the feds as they were aware of the crisis that was coming. We Americans do not fight for our rights any more. We have become complacent yes I include myself in this opinion. America was once a great nation..if you watch hows it made or any other similar show..they always show American manufacturers and factories here in the states. We need to go back to that state of mind and become self sufficient. We need to support Americans and America only. Charity begins at home our elected officials need to realize we are tired of helping others and not ourselves...
ex Fontanan

Corona, CA

#15 Aug 17, 2010
we dont have water, we dont have enough electricity,we dont have enough jobs, and the traffic is horrible. so what the hell do we need more houses for?
SueBea1

United States

#16 Aug 17, 2010
Don't you think that a housing authority commissioner buying a multi-family residential property WITH THE CITY PITCHING IN seems to be a conflict of interest?
oky

Redlands, CA

#17 Aug 17, 2010
TurtleDove wrote:
<quoted text>
No mention of all the democrats like Waters that were pushing Bush to give loans to the people who now have had their homes foreclosed, etc. Yeah........Waters and her dirty ties to Freddie/Fannie Mae.
Haha ya blame bush he was the one who knew about all these loans im sure he said hey ive got an idea let me destroy the economy, a good way to do it is by giving bad loans out yeah that might work. And hey let me go to war with osama and sadam, ill tell everyone its for a good cause. then ill steal their oil and get rich, oh yea and then ill have a good life, aw who cares what happens to this country i just care about money.But wait where can i hide when people find out, uhh well ill just pay everyone off. Hey if your pathetic liberal bs mind believes you need to blame bush then you must also belive obama is destroying this country faster then it was made!
oky

Redlands, CA

#18 Aug 17, 2010
The only one to blame are the people who knowing accepted loans they coulnt afford. Why would you take a loan you knowing couldnt afford, dont most people plan on living in their home for quite a while? Or did the 3 year plan seem more appealing. hey ive got an idea ill buy this house i cant afford live in it for three years have it forclosed destroy my credit and move into an appatment because this house is so worth it. And dont even try and say that the people didnt know better. wow you shouldnt be signing contracts you dont understand. they knowingly accepted the circumstances. its like signing up for infantry in the military going to war and not expecting the possiblity that you can die. The real blame lies with the individuals not one two or a group of people. Some of you people are just idiots to belive otherwise!
okay

Redlands, CA

#19 Aug 17, 2010
Mortgage in latin stands for "Death Grip"! mort is death and gage is grip. self explanitory.
bug a boo

Whittier, CA

#20 Aug 17, 2010
How about they just stop builing homes no one can afford in areas where no one wants to live? Yes, they will have to go back to school and learn how to spell, read, and write so they can get other jobs. The guys making 50K a year painting houses may need to move back to Michoacan or give up drinking Coronas.
bug a boo

Whittier, CA

#21 Aug 17, 2010
oky wrote:
The only one to blame are the people who knowing accepted loans they coulnt afford. Why would you take a loan you knowing couldnt afford, dont most people plan on living in their home for quite a while? Or did the 3 year plan seem more appealing. hey ive got an idea ill buy this house i cant afford live in it for three years have it forclosed destroy my credit and move into an appatment because this house is so worth it. And dont even try and say that the people didnt know better. wow you shouldnt be signing contracts you dont understand. they knowingly accepted the circumstances. its like signing up for infantry in the military going to war and not expecting the possiblity that you can die. The real blame lies with the individuals not one two or a group of people. Some of you people are just idiots to belive otherwise!
Some folks had an even better plan. Moave in, make no payments, foreclose in 3 years with 30K in the bank. Buy a new house in the name of a different family member....

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