Off-Topic: You misunderstand and are a bit defensive

Lake Martin Topics

(Lake Martin Specific)

111,142 messages

Updated 4/25/2024 2:43:12 AM

Off-Topic

Lakes Online Forum

83,603 messages

Updated 4/25/2024 7:59:26 AM

Boat Maintenance

Lakes Online Forum

5,193 messages

Updated 4/3/2024 3:47:36 AM

Lake Martin Fishing

(Lake Martin Specific)

4,169 messages

Updated 4/16/2024 3:16:57 AM

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,260 messages

Updated 3/24/2024 9:24:45 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Lake Martin SCUBA

(Lake Martin Specific)

169 messages

Updated 5/31/2023 1:39:35 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	MartiniMan -
	Subject:	You misunderstand and are a bit defensive
	Date:	4/27/2012 5:01:53 PM (updated 4/27/2012 5:05:03 PM)

First of all, you can hardly characterize my post as screaming.....but I guess you could try...

The drop in home ownership is merely a symptom of a bigger issue, a lousy economy and one that is not improving. There is no doubt and you are exactly right that the distortions of the markets caused by Fannie and Freddie resulted in the increased homeownership percentages. And I agree with you that morons like Bawney Fwank and Chris Cheap Mortgage Dodd blocked attempted reforms that would have lessened the bubble. I am glad we agree on who is to blame.

But it is also a fact that under Oblamer it has dropped 11% primarily because of unemployment and underemployment and the lack of real progress primarily because of his destructive policies. Also the drop is due to people walking away from mortgages that were under water even though they could pay the monthly cost. While it is just a symptom of difficult economic times that we live in and fair or not (in my opinion mostly fair in this case) the current administration takes the hit.

Having said that, in the long run having home ownership at more reasonable levels is probably not a bad thing but the way it is happening and for those impacted, it is not a pleasant experience. The bubble burst was bound to happen but because of the Messiah and his destructive economic policies that revolve around big government it is much worse than it needed to be and will continue to worsen until we let Michelle walk out of the WH and keep on walking......we can only hope that we will fulfill this dream of hers, not to mention getting her back to paying for her own friggin vacations.