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Where do people like this come from????

Is this guy dreaming?

Q: When will the housing market rebound?

A: There's no question we've come a long way in stabilizing the housing market. House prices were dropping for 30 straight months before the president came into office, and predictions were they'd drop another 5% to 10% that year. In fact, they went up the year the president came into office. and really they've been stabilized from the crisis that we saw. So the key issue now is when will we see this fragile market turn into a stronger recovery. Nobody has a crystal ball. So many things affect the housing market. But with the strong job growth that we've seen, over 2 million private-sector jobs since the beginning of last year, most folks are predicting that we'll see by fall or early next year stable growth once again

Who is this guy trying to fool?   The brief recovery in prices in 2009, spurred by government aid to first-time buyers, has now been entirely snuffed out, and the average American home now costs 33 per cent less than it did at the peak of the housing bubble in 2007.

Q: Are lenders making it too difficult for home buyers to get loans? A: There are a lot of things we've done to try to improve lending. At the same time, we have to realize that home ownership remains an important stepping stone to the middle class. and a critical way that middle class families build wealth and raise their families. So we have to get that balance right, and I am concerned we've seen some folks go too far with lending standards today. But really what it points to is how important FHA is. The Federal Housing Administration last year helped 40% of all home buyers get loans and about 80% of the folks we helped were first-time home buyers.

Could that be because the government offerred a $8000 1st time buyers credit? 

Q: How can you expand affordable housing amid budget cuts?

A. "We need a 21st century federal government. That means we've got to do things smarter; we've got to get more for less in the work that we do. We have a range of things we're doing that will allow us to increase the amount of affordable housing we have without spending more money or hurting us on the deficit side. To give you some examples, we're doing a lot to leverage private-sector investments. When we invest in green retrofits for housing, we save money. So we can use that savings to improve the housing we have, to invest in housing to make it more affordable at no cost to the taxpayer

Ok  now this is just plain stupid.

What is it that makes some people so oblivious to the real world around them?

Answer Question

Asked by itsmesteph11 at 2:23 PM on Jun. 6, 2011 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (11)
  • link?


    Answer by sweet-a-kins at 2:28 PM on Jun. 6, 2011

  • They come from San Fran, Austin, and places like that bahahaha, oh and where do the moms here who defend these guys come from>? Probably there too.

    Answer by Anonymous at 2:30 PM on Jun. 6, 2011

  • Rather than working on things like retro-fitting homes, they should be making it more difficult and less profitable for companies to send work overseas. Affordable housing is just a buzz word so people will think they are actually acomplishing something. Really if people don't have jobs, have jobs that only pay $5.00 an hour or they can only find part-time work, chances are pretty good they cannot afford to purchase a home no matter how stable it is claimed the market is.

    Answer by meriana at 2:51 PM on Jun. 6, 2011

  • no link??


    Answer by sweet-a-kins at 3:13 PM on Jun. 6, 2011

  • The same thing that makes them think it's reasonable to take a limo instead of just walking the 100 yards to your child's football game. Don't blame them...they don't operate in the same reality the rest of us do.

    Answer by UpSheRises at 3:26 PM on Jun. 6, 2011

  • LoriKeet

    Answer by LoriKeet at 6:08 PM on Jun. 6, 2011

  • They come from the progressive/liberal base.

    Answer by Carpy at 7:31 PM on Jun. 6, 2011

  • Google is your friend! :o)

    She doesn't want to google and be accused of warming up the planet Lori!

    Answer by DSamuels at 7:43 PM on Jun. 6, 2011

  • Anything is possible ~

    Answer by tasches at 8:03 PM on Jun. 6, 2011

  • She doesn't want to google and be accused of warming up the planet Lori!

    Answer by DSamuels an hour ago

    LMAO, good point.

    Answer by Carpy at 8:58 PM on Jun. 6, 2011

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