Home Ownership Soars to 69%, Record High
John Flippin' Kerry
Home Ownership Soars to 69%, a Record High
http://www.msnbc.msn.com/id/5868365/
= = = = = = = = = = = = = = = = = = = = =
The Great "Dim" Divide: Kennedy/Kerry vs. the Clintons
http://www.nypost.com/postopinion/opedcolumnists/25403.htm
= = =
http://www.realclearpolitics.com/
Family Man
news:7225-413...@storefull-3233.bay.webtv.net...
> Median Home Price Up from $137,000 to $191,300 as well
>
> Home Ownership Soars to 69%, a Record High
Rising long-term unemployment:
Roughly 40% of the unemployed - more than 3 million people - have been out
of work for at least 15 weeks. That's the largest share in at least 40
years, feeding speculation that technological change and cheaper labor
abroad are rendering a widening swath of the U.S. labor force obsolete.
Caveat: Job growth in March was the best in nearly four years. Hiring
appears to be bouncing back.
Stagnant incomes:
The average income of U.S. workers had dropped for three straight years as
of 2002. That marks the first three-year drop since the aftermath of the
1990-91 recession. Rising consumer debt loads, bankruptcies and foreclosures
suggest that a growing number of middle-class families are having more
trouble making ends meet. Caveat: The 2001 and 2003 tax cuts have given a
boost to take-home pay.
Rising inequality:
The income gap continues to widen to levels unprecedented in the post-World
War II era, adding to speculation that the country is splitting into two
economies - haves and have-nots - as globalization and the transition to a
knowledge-based economy give the biggest rewards to the best-educated and
highest-skilled. In 1966, the top 5% of U.S. households earned an average of
$26,133 a year - 11 times what the bottom fifth earned. By 2002, the top 5%
made an average of $280,312 - 20 times more. Caveat: Economic mobility - the
movement from one wealth category to another - is high. A University of
Michigan study of more than 7,000 households found that in five years,
1994-99, almost a third of the bottom 25% moved into higher categories.
Surging costs:
A single breadwinner used to be enough to sustain a middle-class lifestyle.
These days, in many metropolitan areas, it may take two working spouses to
support a family. The cost of many of the things families want - housing in
a nice neighborhood with good schools, health care, child care and college -
are up more than 10% over the past three years. Caveat: While the cost of
many services has surged, the cost of goods - such as cars, appliances and
food - has shrunk rapidly as a share of the average family budget. Although
it shows signs of taking off, overall inflation has hovered at or below 2%.
Outsourcing:
High-income Americans have lost much of their enthusiasm for globalization
and free trade as they perceive their own jobs threatened by outsourcing -
the shift of higher-end service jobs to highly educated workers in China,
India and other countries. A poll released this year found that support for
free trade faded across all income groups from 1999 to 2004 but evaporated
most rapidly among respondents making more than $70,000 - the very group
that registered the strongest support for free trade in the past. Caveat:
Many economists say the talk about outsourcing is overblown. They argue that
it's a very small factor behind the weakness of the job market and could
help drive down the cost of software, health care and other service costs
over the long run. If positive news on the hiring front continues, these
jitters could fade rapidly.
Family Man
news:7225-413...@storefull-3233.bay.webtv.net...
>
> Home Ownership Soars to 69%, a Record High
Bankruptcies and Foreclosures are also at a Record High.
Tom S
which is a scary thought considering what happened right after that......
TeeInnTee
the tubes. Doom & gloom. LOL!!!
TeeInnTee
"John Flippin' Kerry" <Jfli...@webtv.net> wrote in message
news:7225-413...@storefull-3233.bay.webtv.net...
Sid9
That makes the price of everything we import including oil more expenesive.
This is the world financial market's response the the huge borrowing
and deficit caused by the Bush mismanagement of ther federal budget .
The worst is still ahead of us.
Bush,jr's successor will require a
herculean effort to pull us out of this mess.
We will all pay dearly for the spend
and borrow policy of Bush,Jr
kw
@bellsouth.net says...
> The dollar. which used be worth One Euro, is only woth 0.77 Euros.
> That makes the price of everything we import including oil more expenesive.
How much oil do we import from Europe, dipshit???
Our products are made cheaper for the Europeans to buy
thanks to the valuation of the dollar. It helps the
American worker that more people are able to buy the
products produced, dipshit.
--
Give the Terrorists what they want---Elect Kerry
Sid9
> In <fRRYc.45767$%n4.3...@bignews6.bellsouth.net>, sid9
> @bellsouth.net says...
>> The dollar. which used be worth One Euro, is only woth 0.77 Euros.
>> That makes the price of everything we import including oil more
>> expenesive.
>
> How much oil do we import from Europe, dipshit???
>
> Our products are made cheaper for the Europeans to buy
> thanks to the valuation of the dollar. It helps the
> American worker that more people are able to buy the
> products produced, dipshit.
You have to pay the Euro price....that means it's 30% higher because Bush
turned our money into shit
Haven't you been to a gas station recently?
There's no free lunch. Bush has us running on empty since he came in and
drained the treasury.
The worst is ahead of us no matter who gets elected
War Criminal John Fonda VVAW Kerry
>Doom & gloom.
That's all these Lib Dims know:
http://www.socialism.com/nowar/nowar.html
= = =
Decline of the Democrat Party
http://www.dflorig.com/2002midterm.htm
http://www.cnn.com/ELECTION/2003/recall/
The Great "Dim" Divide: the Clintons vs. Kerry/Kennedy
http://www.nypost.com/postopinion/opedcolumnists/25403.htm
= = = = = = = = = = = = = = = = = =
John Forbes Kerry's 20-Year Anti-National Defense Voting Record in the
U.S. Senate
http://www.orlandoreport.com/profiles/john_kerry_voting_record.htm
How Clinton Dodged the Draft and Aided and Abetted the Communist Enemy
during the Vietnam / Cold War
http://www.freerepublic.com/forum/a40091.htm
The Clinton Body Count
http://www.whatreallyhappened.com/RANCHO/POLITICS/BODIES.html
Clinton's Inept National Security Advisor, the Kerry Campaign's
Ex-Foreign Policy Advisor, Sandy Berger
http://www.washingtonpost.com/ac2/wp-dyn/A4189-2004Jul21?language=printer
Swift Boat Vets for Truth Book **UNFIT FOR COMMAND** Goes to #1 on
Amazon.com
kw
@bellsouth.net says...
> kw wrote:
> > In <fRRYc.45767$%n4.3...@bignews6.bellsouth.net>, sid9
> > @bellsouth.net says...
> >> The dollar. which used be worth One Euro, is only woth 0.77 Euros.
> >> That makes the price of everything we import including oil more
> >> expenesive.
> >
> > How much oil do we import from Europe, dipshit???
> >
> > Our products are made cheaper for the Europeans to buy
> > thanks to the valuation of the dollar. It helps the
> > American worker that more people are able to buy the
> > products produced, dipshit.
>
>
> You have to pay the Euro price....that means it's 30% higher because Bush
> turned our money into shit
> Haven't you been to a gas station recently?
We do not pay the Euro price because we do not buy oil
from Europe. How stupid do you think people are?
bernard spilman
"kw" <k...@libs.help.terrorists.com> wrote in message
news:MPG.1b9dac95...@news.charter.net...
We pay the Euro price because the Saudis know George Bush all too
well to want dollars when he's running things. They want Euros for
their oil, so we have to buy Euros. For about $1.35 each.
WS
®
news:ch0nf8$o10$1...@news.netins.net...
> Also, the debt to GDP ratio is higher now than it was in the late 1920's,
> which is a scary thought considering what happened right after that......
>
>> Bankruptcies and Foreclosures are also at a Record High.
>>
Berkshire Hathway has over 50% of their investments in non-US currencies.
Warren Buffett, one of the most consistently wise and successful investors
in the history of the stock market, says "get out of the dollar." The
dollar has lost significant value on Bush's watch.
On top of that, there has been a barrage of warnings in recent months that
the real estate bubble - stretched to its limits in some areas - will burst
soon. All the indicators are present.
Add to that, the M3 money supply is at an all time high. Dollars are
flooding foreign markets.
None of this looks good for the US. I just hope President Kerry will be able
to move quickly enough to avoid disaster. Bush has really screwed the pooch
on the economy. Record deficits DO matter.
R
The Pretzel
A record percentage of U.S. homeowners are facing foreclosure, and many more are
falling behind on monthly house payments.During April, May and June, 1.23% of
mortgages - about 640,000 - were in the foreclosure process. That's the highest
rate in its 30 years of tracking, the Mortgage Bankers Association said Monday.
A year earlier, not even 1% of mortgages were in foreclosure.
The Pretzel
"War Criminal John Fonda VVAW Kerry" <Villag...@webtv.net> wrote in message
news:5162-41...@storefull-3234.bay.webtv.net...
> >>Co...@Texas.com (TeeInnTee):
>
> >Doom & gloom.
>
> That's all these Lib Dims know:
The un-elected Bush family version of Roger Clinton.
The Pretzel
"The Pretzel" <rold...@hotmail.com> wrote in message
news:15VYc.15818$aB1....@twister.socal.rr.com...
> http://www.usatoday.com/money/perfi/housing/2002-09-09-foreclosure_x.htm
>
>
Home / Pennsylvania News
--------------------------------------------------------------------------------
http://www.phillyburbs.com/pb-dyn/news/103-02062004-242027.html#top
Record home sales at foreclosure auctions spurns moratorium drive
By JASON STRAZIUSO
The Associated Press
"This is the worst time for foreclosures basically since the Great Depression,"
said John Dodds, director of the Philadelphia Unemployment Project, the group
leading the moratorium drive. "Something has to be done. You can't keep letting
hundreds and hundreds of people lose their home every week."
The Pretzel
Roncy
"Family Man" <nos...@nospam.com> wrote in message
news:vaRYc.65049$4o.1643@fed1read01...
> ""the Kerryslandering Ketchup Kommunist" <IHateAmer...@webtv.net>
Pay no attention to the Kerryslandering Ketchup Krackpot. KKK's immature
spamtrums lack both truth and sanity.
Roncy
> news:7225-413...@storefull-3233.bay.webtv.net...
> > Median Home Price Up from $137,000 to $191,300 as well
> >
> > Home Ownership Soars to 69%, a Record High
>
> Bankruptcies and Foreclosures are also at a Record High.
Pay no attention to the Kerryslandering Ketchup Krackpot. KKK's immature
Roncy
"TeeInnTee" <Co...@Texas.com> wrote in message
news:kqRYc.438420$RY5....@news.easynews.com...
> How can that be??? The economy is anywhere from sinking to sunk..Going
down
> the tubes. Doom & gloom. LOL!!!
Pay no attention to the Kerryslandering Ketchup Krackpot. KKK's immature
spamtrums lack both truth and sanity.
> "the Kerryslandering Ketchup Kommunist" <IHateAmer...@webtv.net>
Roncy
> news:5162-41...@storefull-3234.bay.webtv.net...
> > >>Co...@Texas.com (TeeInnTee):
> >
> > >Doom & gloom.
> >
> > That's all these Lib Dims know:
> You blame us? Look who we have for pResident.
>
> The un-elected Bush family version of Roger Clinton.
Pay no attention to the Kerryslandering Ketchup Krackpot. KKK's immature
Roncy
Pay no attention to the Kerryslandering Ketchup Krackpot. KKK's immature
Tempest
Complete silence from the rightards.
Tempest
> Median Home Price Up from $137,000 to $191,300 as well
>
> Home Ownership Soars to 69%, a Record High
>
> http://www.msnbc.msn.com/id/5868365/
Home foreclosures at a 30 year high:
A record percentage of U.S. homeowners are facing foreclosure, and many more are
falling behind on monthly house payments.During April, May and June, 1.23% of
mortgages - about 640,000 - were in the foreclosure process. That's the highest
rate in its 30 years of tracking, the Mortgage Bankers Association said Monday.
A year earlier, not even 1% of mortgages were in foreclosure.
http://www.usatoday.com/money/perfi/housing/2002-09-09-foreclosure_x.htm
The Pretzel
"The Etobian" <pdc...@excite.com> wrote in message
news:lb19j0pmd1ia2gd68...@4ax.com...
> On 31 Aug 2004 06:56:29 -0700, mordacp...@hotmail.com (Tempest)
> to 1.23% may or may not be significant depending on the overall trend.
>
> Also, shouldn't the statistic be how many homes were actually
> foreclosed rather than how many were in the process? What factors are
> involved in the higher percentage in the process? New mortgage
> regulations? New or extended procedures? Or has the economy actually
> tanked som much between last year and today?
If you Google foreclosures you will find many states trying to relieve
homeowners by passing new foreclosure laws and relief. Another burden on local
and state government. More pressure on States to increase taxes... As
unemployment continues to increase fear will drive this economy downward. People
buying houses are buying little else. The increase in home ownership is
slipping. Across my street is a home a family purchased for a little over
$450,000. That was four months ago. They put $ and work into it. It is now for
sale by Caldwell Banker. There have been "incidents" across the street. At one
time the police were called...
It's just one data point but...
The bottom is slipping. It's getting ready to fall...
All for a tax cut to the top 1%.
Papa ALi
"I beLieve in GOD, the Father ALmighty...and, in Jesus Christ, His onLy
Son, ...I beLieve in the HoLy Spirit!"
War Criminal John Fonda VVAW Kerry
Roncy
"Tempest" <mordacp...@hotmail.com> wrote in message
news:2df29c5c.04083...@posting.google.com...
Pay no attention to the Kerryslandering Ketchup Krackpot. KKK's immature