We already have a good idea of what effect the election will have on housing if Barack Obama gets elected. We have nearly 4 years of evidence.
During his previous campaign, his commitment was 5% unemployment and a 50% reduction in the deficit. Selling the job was the nearly one trillion dollar stimulus that would do the trick. The trick was that taxpayers got the bill but nothing else. We are now at 44 months of over 8% unemployment and the deficit is double instead of a 50% reduction. Not to mention a foreign policy in shambles, well that’s off topic.
In the first two years of his Presidency with Democratic majorities in the House and Senate, he accomplished Obamacare and the Dodd-Frank Act, which has now totally stymied small business in this country. If small business in this country doesn’t hire, you’ll see continued high unemployment. Ben Bernanke, when addressing Congress, indicated he sees a continued weak economy and high unemployment into 2015.
President Obama has apologized to the world for everything imaginable, instead he should apologize to the American public and keep his word about being a one term President if he didn’t accomplished his goals. His re-election, well that is just more of the same. That is what we have to look forward too.
Housing Election – Which Candidate is Better for Homebuyers?
By: Harrison Stowe
Stimulus was a waste of money - golly, that's not what every economic report I read said. Doubled the deficit? Not. Even including the stimulus package Obama's policies have added the least amount to the deficit than the last several Presidents. Don't confuse Bushman's policies, that the House won't repeal, with Obama's policies. Also, I would like to know WHICH Obama policy is not working. And you claim to small business being killed by the ACA is incorrect. 'True' small businesses should hardly be affected. Concerned about unemployment are you. Then you sure aren't a real Repub. They have voted down Obama's job bills or not voted at all. Obama's small business/jobs bill - voted down. The people that crunch the numbers say the bill alone could have created 1 Million jobs. Let's face it - the GOP-TP have no plans to help create jobs as long as the blackman is in office. The are holding the American people hostage, they have given their ultimatum, and I for one am glad to watch them go down. And last but not least - SHOW me one time that President Obama has apologized to anyone, just one. And you can't take just a half sentence from a speech, show us the speech. *Note - if you only have the "I'm sorry" half sentence, I'll take that too because I have a copy of all his speeches. Suffice to say there has never been an apology.
http://www.forbes.com/sites/peterferrara/2012/06/14/president-obama-the-biggest-government-spender-in-world-history/
Housing prices will continue to decline for the next decade. As they should. Once housing prices get back 2 X the median income, then will be back to normal levels. The sooner we get there the better.
As you can see from the mid/late 1970s to 2001/2002 the ratio was consistent in a tight range between 2.6x to 3.0x. Essentially this means the median home price in this country was 2.6x - 3.0x median household income. And it's been right around 2.8x for most of that time. That's 30 years http://seekingalpha.com/article/56570-what-should-today-s-median-housing-price-be
The median household income in Connecticut last year fell to $64,032, compared with the previous year's figure of $68,174. The one-year decline in household income of 6.1 percent was significantly above the U.S. decline of 2.2 percent http://www.theday.com/article/20110923/BIZ02/309239931/-1/BIZ
http://www.ritholtz.com/blog/2009/02/us-existing-house-price-median-family-income/
The SIMPLE fact is, that since the election of the 'Great Savior', our economy is dismal, our National debt is disgusting, our Nation's Security is in danger, and the Libtards that put this unqualified clown into office are allowed to say anything they want, and have it stated as FACT. God forbid a Conservative speak out against the 'Modern Day Messiah', because if they do, they are labeled as 'Racist'. People are entitled to voice their opinions....for now.
Connecticut home sale prices show biggest decline in nation While median prices for single-family homes rose nationally by 3 percent during the second quarter -- compared with the same period in 2011 -- in Connecticut they fell by 4.7 percent, according to the latest House Price Index prepared by the Federal Housing Finance Agency. Condominium sales prices here dropped by 7.7 percent in the second quarter http://ctmirror.com/story/17329/connecticut-tops-nation-declining-home-sale-prices
Casinos, Pfizer deepened Southeast CT's recession The economic slowdown hit Southeast Connecticut later and longer — because of the region's overreliance on casinos, pharmaceuticals and submarines — leaving less time for recovery and greater chance for a double-dip recession, labor data shows http://www.hartfordbusiness.com/apps/pbcs.dll/article?AID=/20120611/PRINTEDITION/306089975
http://www.thehousingbubbleblog.com/index.html
http://www.politifact.com/truth-o-meter/statements/2012/may/23/facebook-posts/viral-facebook-post-says-barack-obama-has-lowest-s/ In inflation adjusted dollars, the only president that spent LESS money than Obama was Eisenhower. Now I know that Romney has told us that he won't let facts dictate what he says, but Joe, I assume youare smarter than that.
I move that we boycott responding to these idiotic, half-thunk, biased link repostings. Do I have a second?
And Maugle, the voters of this country will decide who the next President will be. Not the members of the far right.
Please check out Green Party Presidential candidate Jill Stein @ jillstein.org Or, go to http://www.isidewith.com/presidential-election-quiz to see which presidential candidate best matches your values.