Sometimes, it pays to delay | The Col...

Sometimes, it pays to delay | The Columbus Dispatch

There are 26 comments on the Columbus Dispatch story from Jun 27, 2010, titled Sometimes, it pays to delay | The Columbus Dispatch. In it, Columbus Dispatch reports that:

House hunter Karen Kosnikowski gets good news from real-estate agent Terry Penrod.

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timmy

Masury, OH

#1 Jun 27, 2010
Jerry white, I think you got ahead before the stimulus money was there. Anyone can sell anything. But can you build and construct? These Realtors need brought down the same peg as the banking people! Too much make up for me. Try honesty and plain! It's what America is looking and praying for.

Since: Aug 09

Dublin, OH

#2 Jun 27, 2010
This is basic econ 101, simple supply and demand. The government stimulus artificially inflated demand driving prices. Now demand is down so prices must follow. A free market system does work when freed from government intervention.

Now if only our elected officials had at least a rudimentary understanding of economics we would not be in the mess we are in.

Since: Aug 09

Dublin, OH

#3 Jun 27, 2010
Disclosure:
I am a future 1st time home buyer that is waiting for prices to come back down. I've watched prices creep up due to the government interference in the market at American citizen's expense.
glenx

Columbus, OH

#4 Jun 27, 2010
I think more about the thousands of homeowners that had to default on their loans because they were laid off from their jobs ,,these same homes are what these reality companys are now hyping to other potential buyers ,,the homes were
reposessed by the banks and the banks can't sell them at the forclosure prices are dropping the prices to get them off their books ,,
were still fighting the wall street freeks that caused this whole mess..
greed

Columbus, OH

#5 Jun 27, 2010
influenced the commercial building/family housing market bypassing basic econ 101 BEFORE government stimulus enacted to stabilize the wall street/banking/reit/ artifical-bubble-created upside down real estate market.

In present day - for any realtor or new home builder-to disclaim government intervention in that now stagnent market is 'classic three monkey' arrogance.
Just the Facts

Columbus, OH

#6 Jun 27, 2010
Ah yes... Strickland economic progressive, falling home values, falling revenues for government services, falling assests for Ohio working families, falling job prospects for the unemployed Ohio workers (temporary census jobs still available to raise your families).

Are we about through with this "Change Hope yes we did" thing?

Just the Facts

Since: Feb 10

Columbus, OH

#7 Jun 27, 2010
greed wrote:
influenced the commercial building/family housing market bypassing basic econ 101 BEFORE government stimulus enacted to stabilize the wall street/banking/reit/ artifical-bubble-created upside down real estate market.
In present day - for any realtor or new home builder-to disclaim government intervention in that now stagnent market is 'classic three ****' arrogance.
The crash in the real estate market was NOT created by Wall Street. It was created by the C(ommunity)R(einvestment)A(ct) , which was championed by none other than Barney Frank and Franklin Raines, and signed into law by Pres. Clinton. The CRA REQUIRED banks to give mortgages to those who clearly did not have the income to make the payments. It was obvious to anyone who had half a brain that this would wreak havoc with our economy in the long run, but they just stuck to their "everyone's entitled to own a house" mentality. That's what put us where we are today. All the bad mortgages were made because there IS (it has not been repealed) a Federal law which REQUIRED the banks to make those loans. We are looking a the same crash all over again, and again, and again, and again, if they do not repeal that law and allow banks to make mortgage loans based on sound financial data. The $8,000 tax credit is just one more example of government interference where they don't belong and don't have a CLUE how they're upsetting the economy over the long run.
Not So Neutral

Columbus, OH

#9 Jun 27, 2010
I think housing is yet to hit rock bottom, then China will come in and buy.
Joe

Helena, OH

#12 Jun 27, 2010
charlie wrote:
The fact is our banking system is run by a bunch of lying and dishonest Jews whose religion incorporates beliefs that they get to take your land. Their patriarch Jacob defrauded his brother out of his blessing by putting on his brother's clothes and a sheep's pelt on his arm and fooling his blind father into giving him the blessing meant for his brother. The fact is that increasing interest rates causes job loss. As interest rate expense increases profits decrease therefore output decreases therefore demand for labor decreases. The only thing increasing interest rates does is cause job loss and a loss of economic output. Ultimately it allows bankers to seize the homes of those who lose their honest jobs doing work for profit-driven enterprises who are labor intensive. The fact that this has been allowed to happen over the entire period I've been alive is a just reason to end the existence of this country which subverted the goals of the workers for a parasitic lying, cheating and stealing Jewish group of extortionists.
Home-ownership is a chump's game where you have to interact constantly with parasites who attempt to steal your home and are as bright as a box of rocks. In three short years Franklin County raised my house's value from $65,000 to $141,000. I informed my thieving bank that their escalating escrow account was wrong and that I filed an appeal of the county's valuation which took 11 months and I won having the properties value reduced by $76,000. Close enough for government work. 5th/3rd bank foreclosed on my home when I didn't owe them a cent and I was gainfully employed making payments above what I owed. I had the small bit of equity I earned over $70,000 of principal and interest payments which amounted to less than $13,000 credited to principal and after they wiped out $9,000 of that pricipal to pay Jewish lawyers to foreclose on me when they owed me money, it amounted to a loss of $59,000 worth of payments. Code enforcement harassed me and put me in jail for 10 days as I worked on my own house rewiring, replumbing, putting in all new windows, doors, woodwork, roof exterior and garage, and walls patios & landscaping. My advice is don't buy now or in Columbus ever.
I'm supposed to feel sorry for an anti-semitic clown like you? I'm glad you got burned. Couldn't happen to a nicer guy.
gbb

Bellefontaine, OH

#13 Jun 27, 2010
Moron Obama taking more money out of our pockets with this $18 billion incentive.
blujkts

Defiance, OH

#14 Jun 27, 2010
Bottom Line, the Govt's tax break falsely inflated home prices. Yet another reason the Govt meddling with the free market does NOT work. Let the market dictate the prices, which is esentially the basis of this article. Vote againts the free market meddlers!!!
blujkts

Defiance, OH

#15 Jun 27, 2010
Dave in Lewis Center wrote:
Disclosure:
I am a future 1st time home buyer that is waiting for prices to come back down. I've watched prices creep up due to the government interference in the market at American citizen's expense.
I concur with you, the FEDS are messing it up for you. As a homeowner, I would NEVER buy a house under these conditions, unless maybe it was a repo from HUD and priced extremely low.
linda

Galloway, OH

#16 Jun 27, 2010
I would like to have a one floor, 2 bedrooms with their own bath.(1 bedroom on each side of the house. A center area of the house all open, with family area and kitchen and half bath. the back would have a patio or porch along the entire back. Either a stand alone garage or attached. Anywhere from 1400 sq feet to 1800 sq feet. And I want it in good condition, for $125,000-140,000.
Developers

Columbus, OH

#17 Jun 27, 2010
wall street gamblers real estate speculators - pure greed - weren't clueless in their actions - so says the federal indictments thta are still coming in!
Enzyte Bob

Columbus, OH

#18 Jun 27, 2010
Dave in Lewis Center wrote:
This is basic econ 101, simple supply and demand. The government stimulus artificially inflated demand driving prices. Now demand is down so prices must follow. A free market system does work when freed from government intervention.
Now if only our elected officials had at least a rudimentary understanding of economics we would not be in the mess we are in.


That is also what has happened in health care and higher education. Government throws money at these areas, thus artificially increasing demand. The higher demand leads to higher prices.
Why

Columbus, OH

#19 Jun 27, 2010
so many homes sitting empty in the exburbs?
Nuff said

New Philadelphia, OH

#20 Jun 27, 2010
"At the end of the day, we don't believe the tax stimulus will put us any further ahead than we would have been otherwise."

Here's a real-world analysis, backed up by facts: The stimulus didn't work. Yet the stupid liberal Dems keep trying to find ways to "fix" the economy by pouring taxpayers dollars down the rathole.
Quick correction

New Philadelphia, OH

#21 Jun 27, 2010
Westside Professional wrote:
<quoted text>
The crash in the real estate market was NOT created by Wall Street. It was created by the C(ommunity)R(einvestment)A(ct) , which was championed by none other than Barney Frank and Franklin Raines, and signed into law by Pres. Clinton. The CRA REQUIRED banks to give mortgages to those who clearly did not have the income to make the payments. It was obvious to anyone who had half a brain that this would wreak havoc with our economy in the long run, but they just stuck to their "everyone's entitled to own a house" mentality. That's what put us where we are today. All the bad mortgages were made because there IS (it has not been repealed) a Federal law which REQUIRED the banks to make those loans. We are looking a the same crash all over again, and again, and again, and again, if they do not repeal that law and allow banks to make mortgage loans based on sound financial data. The $8,000 tax credit is just one more example of government interference where they don't belong and don't have a CLUE how they're upsetting the economy over the long run.
You are essentially spot-on correct, with one exception: The CRA actually became law in 1977 under Jimmy "I gave away the Panama Canal" Carter.(Carter, of course, also is 100% responsible for the birth/rise of Islamo-fascism.)

Bill Clinton used the Justice department to greatly increase enforcement of the CRA. Banks were threatened by the DOJ with the loss of their charters if they did not conform to government-imposed CRA lending standards. That was what accelerated the volume of high-risk loans to people who could not afford homes.

Then, with Fannie Mae and Freddie Mac "securitizing" these loans and pushing them on Wall Street, the recipe for disaster was set. Was there greed on Wall Street? Sure! But they did NOT create the system. They merely played the hand which they were dealt by idiot liberals in government.

For the record, regardless of who was in charge (Dems, Repubs, etc.) of Congress, this was one of those "third rail of politics" issues which good honest people in government were unable to stop. You can go to YouTube and view a number of now-eery warnings of people testifying to Bawney Fwank et al, and watch him/them steadfastly refuse to believe that there was any problem with this system. Gee. Guess they were wrong.
Ted Nugent

Middletown, OH

#22 Jun 27, 2010
The economy was losing 500,000 jobs per month in 2008.

U.S. GDP grew in each of the last 3 quarters, jobs are always lagging the numbers recovery in each recession. Those thinking about long-term recovery, know the enviroment will be a big winner in the conversion to biofuels & biopower -- saw a cool site; Balkingpoints ; incredible satellite view of earth
Blinded-By-The-R ight

Dallas, TX

#23 Jun 27, 2010
Just the Facts wrote:
Ah yes... Strickland economic progressive, falling home values, falling revenues for government services, falling assests for Ohio working families, falling job prospects for the unemployed Ohio workers (temporary census jobs still available to raise your families).
Are we about through with this "Change Hope yes we did" thing?
Just the Facts
Your "Facts" are way way out in Right Field! The Banking/Wall Street Lobbiest in 87 strated chipping away from Laws and Regulation to Protect our Economy! thru out the years these Lobbiest got the GOP and Help from Greenspan to screwup everything for Average America! They made these changes to benefit themselves. Yes Fannie and Freddie were involved also! Yes backed by BOTH PARTIES!

You "Gun Toten, Bible Banging, Tobacco Chewing, Rednecks" are really Lazy! And here is why I say that! It is EASY for you to watch the BOOB TUBE FOX and then "THROW STONES SLANDER" then it is for you to Read about this Econommic Mess that we are in!!

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