Comments on: Is it 1992 all over again?

By: Frank Siegler

Frank Siegler — Tue, 09 Oct 2007 21:12:47 +0000

#37:
you’re right on the interest rates affecting home prices…and, I might add, the enire economy. Remember Jimmy Carter? I had a thriving business but cost of a line of credit to sustain growth was 8 points over prime and prime was 26% resulting in a charge of 34%. I soon figured the bank was making more money than the company so I found jobs for my employees and shut it down. Started a consulting business and been fine ever since.

By: Chard402003

Chard402003 — Thu, 04 Oct 2007 20:08:32 +0000

Although there is some downturn in the housing market and problems with liquidity in the credit markets, unemployment is still low, the Dow is at a record high, and interest rates are still lower than they ever were under Slick Willie. Maybe the “Democrats take it all” prognosis is a little too pessimistic.

By: gayle

gayle — Thu, 04 Oct 2007 20:08:27 +0000

Alphonse, if you vote for Hillary, you’ve sold your soul to Satan.

Of course the new Republicans do not represent conservatives…..far, far from it!

There really isn’t anyone to vote for at this juncture. Sad isn’t it?

By: Alphonse

Alphonse — Thu, 04 Oct 2007 20:06:28 +0000

I’m a Goldwater conservative and I’m voting for Hillary Clinton.

Tax-and spend-liberals are more conservative than borrow-and-spend Republicans, and more patriotic and American than the Christian right and Jewish neoconservatives who put Israel before the United States.

By: gayle

gayle — Thu, 04 Oct 2007 19:05:13 +0000

LC; Liberal Crapper

By: LC

LC — Thu, 04 Oct 2007 18:58:51 +0000

Now……go away and play in the traffic.

gayle, your comment was obviously posted in an effort to illicit feelings of pity for you. Although I’m not sure why you believe that we should feel sorry for you in your effort to make a quick buck on an obviously artificially inflated housing market, I do know that there is no way you are going to have my sympathy. You rolled the dice – deal with it and stop being such a baby. It’s amazing that my rather mild mockery of you was enough to entice you to invite me to play in traffic. I guess you’ve moved on to stage 2 of the depression which is your second home. Stage 1 was sadness, now anger. What’s Stage 3? Acceptance? :p

By: Al in St. Lou

Al in St. Lou — Thu, 04 Oct 2007 18:37:16 +0000

It's the opposite of 1992. The antiwar moonbats will probably be attacking the Dem nominee, and Bloomberg and Nader will probably be running. That's a three-way split of the Dem votes, and a landslide for the GOP nominee.

By: AlohaGuy

AlohaGuy — Thu, 04 Oct 2007 18:19:42 +0000

what it’s worth or what the real estate agent wants to get in order to obtain the highest commission

Sorry Frank, I have to disagree a bit here. Someone recently did a study (don’t make me Google it ) that showed that Real Esatate agents undervalue your home slightly (4 – 6% I believe it was) compared to the prices they ask for their own homes – presumably to make sure they sell. (Thus getting their commission.)

There is much more at work here. Interest rates in conjunction with prices help determine monthly payments. When either goes up, the number of available buyers goes down. If you have to sell (sorry Gayle) you may be forced to lower your price (especially since you can’t control interest rates.) Add in to the mix people who get interest only mortgages, adjustable rates that the Mafia would envy and you get people paying too much (i.e., driving prices up to silly “values”) who then are desperate to sell when the Bank of La Cosa Nostra ups their rate. They are so desperate – often – they walk or sell below their cost.

http://www.zillow.com has a site where you can see what houses in your area have sold for, and what tax records indicate. They are accurate in some parts of the country, not so in others – please don’t hold me responsible…

By: Regulus

Regulus — Thu, 04 Oct 2007 17:23:17 +0000

It’s still too early to say that November of 2008 is going to be a repeat of November 1992. It’s a safe wager, though, that Hillary’s pals in the Drive-By Media will go to great lengths to make it seem that way if the economy begins to falter.

Still, claiming that the economy’s in ruins will be a risky tactic for the Dems. They tried it in the 2004 election when Republicans were in control of Congress, but they’re in charge today. “It’s the Economy, Stupid” Redux leaves them open to the counter-charge of, “You were running Congress and had budget responibility when the ball stared rolling back down hill; but you were so obsessed with attacking George Bush and losing the war that you didn’t lift a finger yourselves to head off the problem.”

We’ll see.

By: flenser

flenser — Thu, 04 Oct 2007 16:58:05 +0000

The GOP “leadership” seem determined to remake the party into liberal one. And judging by the leading nominees in the Presidential race, the GOP rank-and-file are cool with that.

By: feebiebabe

feebiebabe — Thu, 04 Oct 2007 16:52:08 +0000

gayle…i second that motion.

Now……go away and play in the traffic

By: gayle

gayle — Thu, 04 Oct 2007 16:36:57 +0000

LC;

Not that your comments deserve anything but Geraldo’s spit, you have no idea what you are talking about.

Now……go away and play in the traffic.

By: CDR Salamander

CDR Salamander — Thu, 04 Oct 2007 15:57:59 +0000

Kind of Michelle, kind of…

Michelle asks if it is ‘92 all over again. Maybe, but not for the reasons she thinks.

It may be like ‘92 because people have forgotten what it is like to have the Democrats in power. Taxes will go up as a baseline without doing anything if they do…

By: thirteen28

thirteen28 — Thu, 04 Oct 2007 15:38:17 +0000

Let’s see.

1992: Last full year of a term of President Bush who abandoned conservative principles and split his party.

2008: Last full year of a term of President Bush who abandoned conservative principles and split his party.

Ouch.

Of course, there will be no Bush running in 2008, so nothing is over. Don’t give in. Don’t surrender.

By: DirkBelig

DirkBelig — Thu, 04 Oct 2007 15:31:34 +0000

Scott_T said: If the GOP is smart in ‘08, they’ll highlight the Democrat’s continual desire for more government benefits for ‘the poor’, and the necessary taxes which will have to be raised to pay for it all.

To do so will backfire and ensure Democratic victory. Why? Because the Dems and their megaphones in the Treason Media will spin it as Evil Greedy Rich White Republicans wanting the poor to suffer, starve and die in squalor while they eat caviar off the soft tummies of 14-year-old boys in their mansions while denying gays equal rights.

Trying to bring up the taxes won’t work because the Dems will just say that “the rich” will be forced to pay “their fair share” after the “giveaways” of the Dubya era are repealed. By exploiting the ignorant public’s envy of those with more, the Dems will be able to slap the yoke of totalitarian government upon everyone by convincing the proles that all they’re really trying to do is provide “social justice” via the mechanism of voting away the wealth of those who earned it, whoops, I meant, making those well-off “pay their fair share.”

A well-told lie will always beat a poorly-told truth. Thems the facts, folks.