Housing Cost Will Soar Again

[OcR BigFish]

Today september 19th marks the day that the housing market has hit its low. In an adress to the nation this morning George Bush, Ben Bernake, and various other noobs anounced that the fed will bail out the secondary mortgage market.
What this means is that the thousands of homes that are at risk of being forclosed upon will have an opportunity to save themselves. In the past these homes were bringing the market down in two ways. The first is the basic theory of supply and demand, the massive amounts of forclosures were flooding the market. Wich brings the second reason, the banks needed to off load these bad debts so they were selling these flooded homes at reduced prices, bringin the value of comprable homes down.
What this means to you.
Well that depends on where you are in life. If you are young and readt to buy your first home, an investor trying to aquir your second or third, or just looking to upgrade NOW is the time. Transversly if you are in a home that is on the brink of repo, hang in there help is on the way. These federal bail out are coming and will be here shortly.
Lol I know this is a Halo Clab but there are mant of us or our parents who are in these situations and its important to know that things will get better. Good luck to all, I know I am going to capitalize on this.

[OcR Savage]

Yeah, I think it's more then just the houses that he's trying to bail out. He's asking for $700 billion to bailout bad shares in the stock market.

http://www.msnbc.msn.com/id/26803347

SavageSix

[i AwoN i]

Yeah I've heard a lot about this and many people are expecting it to get pretty bad in the near future. I can post more later I guess. If employment becomes a serious problem I'm just going to become a mortician, especially if food surplus decreases and rioting /looting increases etc. that should be one of the jobs that holds steady regardless of how well the infrastructure of society is.

[OcR Hangman15]

Just make sure that you are stocked up on Guns and Ammo. That way you can keep all your goods.

Did you watch the Pres last night. They want to use 70 Billion of our tax dollars. Got to love the Government.

[OcR Skier]

That's 700 billion Mike. I already bought a house back in December of 2007 and now I've just been looking at the ****ing value go down every month. At least it's still listed on the county tax website as RMV of 17,000 more than what I paid. The housing market will get better, and places like Oregon and California where there is such a large demand for quality housing will bounce back sooner. I'm just glad that we bought before the credit crunch that's going on, cause we wouldn't have qualified for 200k right now:err:

[OcR Death]

me and my wife just bought our house about 6 weeks ago for 50,000 under what its worth, and we bought out in the boonies where nobody lives.

[i AwoN i]

Merker tried to warn us about this but nobody cared
Yet doubts were being raised not just at the United Nations but farther afield, with Germany’s chancellor, Angela Merkel, among the most outspoken. She said that at last year’s meeting of the Group of 8, she had strongly urged both the United States and Britain to be more rigorous in supervising financial activities, and even offered specific proposals to be applied to banks and other institutions.

But the United States was not interested, she said. She also seemed to express a certain exasperation that the United States was now asking Europe for help, after inflicting damage on the rest of the world that could have been avoided.

“We did what we were supposed to do,” she said in an interview with Münchner Merkur, a German newspaper. “We adopted a decent E.U. regulation on the national statute books,” but “when it came to it, the Americans said, ‘That’s not for us.’ ”

http://www.nytimes.com/2008/09/24/wo...ewanted=2&_r=1

[Hurrikanye]

this **** is getting scary now that some of us are growing up into all of this government bail out ****, pretty soon many of us will be moving into our own houses and its a pretty scary thought with this economy we have now a days.

[i AwoN i]

http://news.aol.com/elections/article/palin-once-blessed-against-witchcraft/187797?icid=100214839x1210462183x1200615073

This is also scary. 'Save her from Satan'. The only information we have about Satan and hell has been dictated to us by 'God'. We never hear Satans side of the argument, taking Gods word for it isn't a sufficient foundation to base a decesion off of because it is one sided and biased, God directly controls the religious media and Satan has no outlet. It also implies that God rejects free speech (or at least the free speech of those he doesn't like) because he wont even let us hear Satans side of the story since it is 'evil'. /rant, not like this ridiculous behavior has anything to do with how she will make decisions if she has to step in.


Also, 50$ says McCain wins the debate tonight. It's like 6:00 I'm making bets