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+--- Thread: What is the Media trying to achieve by always telling us how bad the housing market is all day long? (/thread-58280.html)
Pages: 1 2
- papuman200022 - 01-28-2013 06:41 AM
Haven't read a paper in 4 years, watched TV in 3 or lisnened to the radio much. I feel happier.
- Lala Jay - 01-28-2013 06:41 AM
The media know how to cheer us up, don't they?
- memyselfandi - 01-28-2013 06:41 AM
yeah, i hate the fact the talk about it so much to. that's why i hate watching the news on TV. i rather read the head lines and choose what i want to hear.
i really want a house rate now but like everyone should just sit tight and see what going to happen. maybe nothing but it is best to be safe then sorry.
personally something is happening and its big. when big company's can not get there loan renewed, they are cutting back on spending, closing hundreds of stores and firing thousands you know there is something going on.
the housing market was way to high and people can not afford it. what cost 200,000 just 3 years ago is 600,000 now that's 3x more and were my family lives in Vancouver its 800,000 for a basic 4 bedroom house. that's crazy and it needs to change so everything is going to hit, and hit hard.
people have to remember for the future not to jump into buying things they can not afford.
in the end, i think its for the better but i truly feel sorry for the people that it hits the most.
like my father aways told me"what doesn't kill you makes you stonger"
- 1 of 1 - 01-28-2013 06:41 AM
Shanks, it would appear that you are beginning to see the light. Follow this line of thought with some serious research, and possibly you might come to the same conclusion as I. One day you may even choose to remove the (mass) media from your life altogether. The news is all bad and there's nothing you can do about any of it; so why watch it? Why read it? There is a joy filled land of discovery and hope just over the horizon waiting for you, all you have to do is remove the (mass) media from your life. I promise you, a month without the TV or papers and you'll feel 1000 times better than you do now.
- Marissa - 01-28-2013 06:41 AM
Yup, the economy is doing just Perfect!! nothing is wrong, thank god for BUSH and is wonderful economic policies we're having the best economy in our history as a nation!! YUP EVERYTHING IS FINE, EVERYTHING IS FINE, if i keep saying it , maybe it will stick!
- Richard G - 01-28-2013 06:41 AM
Just another step in the march towards Government by the Media. Then where will we be?
- bigchiroal87 - 01-28-2013 06:41 AM
They are telling you that the housing bubble burst (finally) People were paying a quarter-million for condos, and a half- million for McMansions in developments where you can't throw a dead cat out of the window without hitting the side of your neighbor's house. These properties did not (and certainly do not now) have this actual value This was inflation based on speculation, just like the Dutch Tulip craze and the Dot-Com bubble.
To make matters worse, a number of brokers selling the mortgages for these hyper-inflated properties had no stake in the loans they were making, and when these loans were rolled into very complex bond-like instruments, a lot of people bought into very high-risk loans (THINKING THEY WERE SAFE INVESTMENTS) and are now losing their shirts. This collapsing housing bubble is now taking down Wall Street investment firms which survived the depression. and is sending ripples around the world. All of this at a time when the U.S. dollar is VERY weak.
We have not had a gold-backed dollar since the depression. We print more money, and we (the U.S.) sell BONDS on the international market to cover the DEBT we create. The collapsing housing bubble and the sub-prime mortgage debacle are only serving to further weaken the U.S. dollar and the U.S. as time goes on, (by spreading bad U.S. paper around the world) Currently, "Red" China holds 1.7 Trillion Dollars of U.S. debt that backs the U.S. Dollar. If they ever decide to sell those markers off cheep, they could decimate the U.S. Economy over night, and win ANY war with the U.S. without firing a shot (Like when they decide to walk into Tawian).
All of this is happening as oil (currently based in U.S. dollars) is now past $100 dollars US/barrel. The fact that oil is priced in U.S. Dollars has always lent great strength to the U.S. Dollar. Since the Dollar is now very weak (because of the collapsing housing bubble and the sub-prime mortgage debacle) many oil producing countries (a number of which happen to be predominately Muslim) are now calling for oil to be priced in Euros (One of the last things that Saddam Hussein was offically asking for, just before the U.S. invaded IRAQ), a move which would completely destroy the now petro-based U.S. Dollar (The Coup De Gras, if you will)
The bad housing market is only the tip of the iceburg, and the media is not doing half of its job, if people like you have not got the message that we (all of us here in the U.S.) ARE IN DEEP DOO-DOO. It may well be a government backed scam, but my concern is exactly which government are we talking about. As only one possibility (out of many), please remember that "Red" China thinks in terms of decades and centuries, and not in terms of 4 and 8 years! Also, please remember that "Red" China's leash comes off once the current Olympics are over!
Ach du lieber Augustin U.S. goose is cooked !!!! Is what the media is trying to tell you! Let's get out of the oven, and deal with the fires we have here at home!
And, by the way, I am an old Hawk and not a bleeing heart liberal. I firmly beleive that we should be in foreign lands (like on the boarder of Afghanistan and Pakistan) killing them what needs killing. (Exactly what did happen to the search for Osama Bin Laden ?) But I don't think that we should be wasting money (Half-Trillion so far) occupying a "country" (created by the Brits in the wake of WW1) that wants to consume itself. I think that for a Half-Trillion, we could have gotten a lot more bang for the buck, even if we had to contract out and ask the Mossad (or others of their professional expertise) to do the "wet-work" for us, cutting the head off of the snakes. I firmly beleive that the only thing we are currently doing in Iraq is cutting the feet off of centipeds, and further destabilizing the region!
The bottom line to all of this is that the current Bush adminstration took the U.S. into Iraq to assure 50 years of cheep Iraq oil for the U.S. (Not going to happen) and supporting the strength of the U.S. dollar by keeping a major oil producing country from asking for payment in Euros (only forstalled the inevitable). As a result of these actions, the Dollar is tilting on the edge of collapse, oil is passing $110 dollars US/barrel, and the U.S. is out a Half-Trillion it could have better used to repair strategic infrastructure - like leaking 70 year-old water mains (across the U.S. most of them are at least this old, if not older), 50 year old Interstate bridges on the verge of collapse, and the re-building of New Orleans (a strategically indespensiable city in an impossible location).
The Media is not telling you half the story. That's the Scam! Wake-up! Start drinking later in the day, and read a bit first.
And since when is social drinking a government backed scam? Where I was born and raised (New Orleans, Louisiana, in Southeast Louisiana) our social drinking (2 - 3 drinks/day - mainly with meals and NOT a whole lot more - the point IS MODERATION you sot) is considered alcoholism by the established medical community, but it does seem to prolong life for the French and Mediterranean peoples, as it does for us (it's the fried food you have to watch out for!).
- Haz - 01-28-2013 06:41 AM
GUESS WHAT???
I have a mortgage Ican just about afford
I eat red meat , MSG , cheese strings.(I specifically ask the butcher to inject hormones into my meat)
I let my kids PLAY OUT.
I have a gob full of mecury fillings.
YADDA YADDA YADDA
I agree with you they are all spinmeisters , don't believe one single effin word out of their self promoting cats arse mouths.
NOW THAT WAS ALMOST CATHARTIC................................(ps is your avatar name after THE great man himself??)yeah gobby scouser alert...so what!
- jillionsing - 01-28-2013 06:41 AM
The scam is obvious - they are selling houses long past their sell-by date.
The design and materials they always use are impractical for modern life-styles and are not sufficiently weather-proof, but there's been money to be made, so hush-hush, keep the same old lies going...
The burden/s caused by using heavy-weight materials affects everyone - but because these old styles are in short supply (in a monopoly situation i.e. there's no competition),
we have to pay and fight each other
cos we need a roof, right?
The government know the housing market is rigged, so does the media - they're hoping you don't work that one out, cos the miseries, the shortage keeps their money flowing.
There is a way out. That is to demand a new-style - something modern, practical, truly low-cost, and yeh, green too.
- scrooge - 01-28-2013 06:41 AM
they want to remind us to pay our mortgage.