Home prices

Home prices - are they still too high? take a look at the video. I like numbers. How correct are they? watch the 6 minute video

Let's get a show of hands..... Who thought the home prices were out of control in the first place? Now that we have so much invested in these over priced homes, do we need to make sure the air doesn't leave the bubble?

What did "we" do to inflate the housing prices as high as they were? Is it truly every man's right to own a home? Economics is a roller coaster - if you liked the ride up you'll definitely scream on the way down. Supply and demand - I still remember my economics classes (I'm a visual person so I can still see the charts when I close my eyes). Someone in America manipulated the demand curve by lowering the standard of who can get a loan. Who has the ability to tell the banks to make risky loans to people who don't qualify. It's not the banks - bankers are calculating people who don't take chances (I've met too many "Banker" personalities, I know the type).

Most people who work in the housing market their whole lives know this was going to happen. they just thought it was going to happen 5+ years ago. The fact that it didn't is what is going to make this fall so much fun. IMHO the housing market is going to over correct. Unlike what it did in the 80's, it's going to go bellow the 100K mark. Wait an see and be ready when the time come to jump back on the ride we call capitalism.

Government HELP

This entire article is taken word for word from the link at the bottom of the post. I didn't feel like add or changing one word - It's information I wanted to pass of for discussions sake. I am concerned that we are doing too much too fast and all I see is a TV show where the "boss" is signing a mountain of paper and not looking at what is being signed and someone slipped in their own agenda in the pile. I know it's a daunting task to know what we are going, but I can't give. I won't let myself give up on my rights to know what my government is doing to "HELP" me. If I want universal healthcare why does it have to be stuck in a stimulus plan? Seems fishy to me.....

Another health care note of concern is something buried deep into the House version of the stimulus bill (you can view that text here). On pages 445, 454 and 479 the economic stimulus package will create a National Coordinator of Health Information to look into your health care. Yes, the federal government will be taking over. And it’s attached to the stimulus bill. This has former Senator and one time front runner to head the Department of Health and Human Services Tom Daschle’s foot prints all over it. Wow. This is scary. Daschle wrote a book called Critical: What we Can Do About the Health-Care Crisis. The Senate is trying to sneak this through without the public knowledge. It doesn’t surprise me, but it is still amazing. Daschle wrote in his book, “the issue (of health care) is too important to be stalled by Senate protocol.” Thanks for the consideration Tom. Once again, it looks like the elected to serve “We The People” are screwing us.

In another part of Critical, Daschle admits his solution will create some pain. For instance, the health care system shouldn’t always pay for care for the elderly. No. I’m serious. Page 464 of the stimulus bill would change Medicare from paying for “treatments deemed safe and effective” to “apply a cost-effectiveness standard set by the Federal Code.” This means health care among seniors could be rationed. Are we sure we want to rush and pass this bill? For more read this story from Bloomberg.

Taken from: http://ktar.net/blogs/dankarlo/category/on-air-log/ February 10, 2009