Did Obama's actions improve the housing market? Trulia says no


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  • patriot Cedar Hills, UT
    Sept. 11, 2012 12:26 p.m.

    I do think that any effort to keep the interest rates low would be important regardless because that is the ONLY silver lining right now. What I worry about is the coming debt crisis that is looming on the horizon set to kick in .... about 2 years down stream. If our debt continues to be sky high with no significant sign of reduction nor any feasible plan to address it long term then those that lend to us are going to change the lending interest rates - jack them WAY up - according to Paul Ryan. That would be a devastating blow to all of us. 16 tillion is unthinkable and Obama's budget projects us at 20 trillion in 4 more years of the same borrowing and spending pattern. Taxing the rich won't even put a tiny dent in the debt. IT will ONLY slow investing and hiring even more.

    But as always I am speaking to home owners here... which isn't the majority of Obama's base. I doubt his base even cares about home prices or interest rates. Just food stamps and welfare.

  • Mark B Eureka, CA
    Sept. 11, 2012 2:44 p.m.

    The president's duties don't include hyping the real estate market any more than they do hyping the stock market. Both are independent, though both have controls they are supposed to follow.
    pat's crack about food stamps and welfare is a sneer aimed straight at the "nasty" instinct carried around by far too many. I'd be surprised if patriot even KNOWS a Democrat.

  • Rifleman Salt Lake City, Utah
    Sept. 13, 2012 12:43 p.m.

    Re: Mark B Eureka, CA

    When it comes to finances we always look at California as an example of everything the liberals do wrong. Their combined state and city debt is approximately one trillion dollars, two of the largest cities just declared bankruptcy, businesses are leaving the state for greener pastures, and their leaders are looking for new ways to tax their citizens so they can spend themselves further into debt.

    If I lived in California I'd be inclined not to bring the subject up.