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reno
Aug 8, 2005, 7:30 PM
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Getting back on track... some interesting numbers coming from that bastion of Left-leaning Liberalism, the New York Times:
http://graphics8.nytimes.com/...05/business/econ.gif
Overall, not bad. Not perfect, and there is still room for growth, but it's not the gloom and doom we've been told would come.
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hugepedro
Aug 9, 2005, 2:34 PM
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In reply to: Peter- you in town this weekend? Going up in the Sandias on Sunday. Looking for someone to climb with on Monday.
Sorry Bob, I didn't see this post. Next time give me a call.
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curt
Aug 9, 2005, 3:33 PM
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In reply to: Getting back on track... some interesting numbers coming from that bastion of Left-leaning Liberalism, the New York Times: http://graphics8.nytimes.com/...05/business/econ.gif Overall, not bad. Not perfect, and there is still room for growth, but it's not the gloom and doom we've been told would come.
Yeah, I bet all those people who had good jobs (that have been moved overseas) are perfectly happy with their current jobs flipping burgers at the golden arches. :roll:
Curt
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bobd1953
Aug 9, 2005, 4:01 PM
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In reply to: Yeah, I bet all those people who had good jobs (that have been moved overseas) are perfectly happy with their current jobs flipping burgers at the golden arches. Curt
Good point Curt. Most of the new jobs are in the low-paying/no benefits service and retail sector.
There was no growth in personal savings and personal credit card debt when up.
A lot of Americans are living from paycheck to paycheck.
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thorne
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Aug 9, 2005, 4:12 PM
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In reply to: Most of the new jobs are in the low-paying/no benefits service and retail sector.
Is this just more of your dishonest sprayage? Or do you actually have some proof to support your assertion?
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thorne
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Aug 9, 2005, 4:21 PM
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In reply to: Most of the new jobs are in the low-paying/no benefits service and retail sector.
Is this unusual?
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bobd1953
Aug 9, 2005, 4:25 PM
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In reply to: Is this just more of your dishonest sprayage?
Little tense this morning? The wife holding out on you? You need to mellow out.
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shakylegs
Aug 9, 2005, 4:27 PM
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In reply to: Is this unusual?
Wellll....
It's not unusual to be loved by anyone
It's not unusual to have fun with anyone
but when I see you hanging about with anyone
It's not unusual to see me cry,
oh I wanna' die
It's not unusual to go out at any time
but when I see you out and about it's such a crime
if you should ever want to be loved by anyone,
It's not unusual it happens every day no matter what you say
you find it happens all the time
love will never do what you want it to
why can't this crazy love be mine
It's not unusual, to be mad with anyone
It's not unusual, to be sad with anyone
but if I ever find that you've changed at anytime
it's not unusual to find out that I'm in love with you
whoa-oh-oh-oh-oh
Enjoy this playing in your head for the next while.
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bobd1953
Aug 9, 2005, 4:27 PM
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In reply to: Is this unusual?
What a a-hole. Caught your post before you deleted it.
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thorne
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Aug 9, 2005, 4:30 PM
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In reply to: In reply to: Is this unusual? What a a-hole. Caught your post before you deleted it.
Little tense this morning? The wife holding out on you? You need to mellow out.
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thorne
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Aug 9, 2005, 4:32 PM
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Shouldn't that be an a-hole?
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bobd1953
Aug 9, 2005, 4:33 PM
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Everything is quite good in Boblandia. Thanks for asking. :lol:
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bobd1953
Aug 9, 2005, 4:38 PM
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In reply to: Shouldn't that be an a-hole?
No, you got my point.
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bobd1953
Aug 9, 2005, 8:53 PM
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Thorne-if you need help with the math on this one...I am there for you.
Things look really bright for folks in the Boulder area as the average price of a single home is almost $500,00.
From AP:By Associated Press
August 9, 2005
WASHINGTON — Housing prices are far outstripping salary increases for low- and moderate-income jobs, putting the American dream of owning a home beyond the reach of teachers, firefighters and other community workers in many cities, according a study being released today.
The report, by a coalition advocating affordable housing, found that even cities once considered affordable, such as Tulsa, Okla., are rapidly becoming too pricey for lower-income workers such as janitors and retail sales employees.
The study found the median price of a home in the United States rose 20 percent in just 18 months, to $225,000. During the same period, wages for teachers, firefighters and nurses in most cities remained flat or increased slightly but still fell far short of the annual salary needed to buy a home, the report from the Center for Housing Policy said.
For example, the median household income for a nurse rose 10 percent between 2003 and 2005, to about $36,000. For a firefighter, wages were flat, remaining at about $37,000 a year.
Those salaries don't come close to the $71,000 annual income needed to qualify to purchase a $225,000 home. The number is based on a down payment of 10 percent.
Through June, the median sales price for a used single-family home in Boulder was $497,500, up 10.5 percent from the same point a year ago, according to the Boulder Area Realtor Association.
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caughtinside
Aug 9, 2005, 9:00 PM
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Average home price in Boulder is only 500k?
Shit, living in Cali has really ruined my perspective.
I HATE housing prices, it's just another way that the baby boomers are funding their retirements on the backs of the next generation. Bastards.
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hangerlessbolt
Aug 9, 2005, 9:03 PM
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In reply to: Average home price in Boulder is only 500k? s---, living in Cali has really ruined my perspective. I HATE housing prices, it's just another way that the baby boomers are funding their retirements on the backs of the next generation. Bastards.
That's the idea...fek the next guy
Million dollar homes are going to become a lot more common...I'm banking on the idea that the one I own will be one of them.
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thorne
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Aug 9, 2005, 9:04 PM
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In reply to: Thorne-if you need help with the math on this one...I am there for you.
Silly man. I'm not the one who consistently has trouble with numbers. If you'd like, I could go back and dig up plenty of posts where you show just how inept you are when it comes to cipherin'. Did Clinton really reduce the federal debt to almost zero? :wink:
As far as these skyrocketing prices are concerned.... wait for the pop. It's right around the corner.
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reno
Aug 9, 2005, 10:36 PM
Post #218 of 287
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In reply to: The study found the median price of a home in the United States rose 20 percent in just 18 months, to $225,000. During the same period, wages for teachers, firefighters and nurses in most cities remained flat or increased slightly but still fell far short of the annual salary needed to buy a home, the report from the Center for Housing Policy said.
Bob, this is not surprising, and I'm not sure why it surprises you. You've been watching people move to the Boulder area for... what? 20 years?... and rising prices are a result of supply and demand. It really does boil down to that simple of a concept: If people are willing to pay it, then other people can charge it.
This rise in housing has absolutely nothing to do with the executive branch, the President, or anything else in D.C. This has to do with people who own land in Boulder, and the people that want that land.
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bobd1953
Aug 9, 2005, 11:06 PM
Post #219 of 287
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In reply to: This rise in housing has absolutely nothing to do with the executive branch, the President, or anything else in D.C. This has to do with people who own land in Boulder, and the people that want that land.
Really! Please explain why lobbyist for home builders hang out in DC.
What you highlighted in your post was housing prices on a national level...not Boulder.
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caughtinside
Aug 9, 2005, 11:17 PM
Post #220 of 287
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In reply to: In reply to: This rise in housing has absolutely nothing to do with the executive branch, the President, or anything else in D.C. This has to do with people who own land in Boulder, and the people that want that land. Really! Please explain why lobbyist for home builders hang out in DC. What you highlighted in your post was housing prices on a national level...not Boulder.
I'm not sure what sort of lobbying those DC builders do, most of the decisions regarding development happens at the local level. Out here, they've been building like crazy, and demand is just now starting to cool off. 20% increase in value per year for 3+ years in a row? Ridiculous!
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bobd1953
Aug 9, 2005, 11:25 PM
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Caughtinside: Here a few FYI
Lobby League #18 Government-sponsored enterprises
Each week, The Hill highlights the top lobbyists on a sector-specific basis through conversations with the major players on K Street, congressional staffers and other Washington insiders.
Fannie Mae: Duane Duncan
Despite its troubles, Fannie Mae continues to have one of the most extensive lobbying operations on Capitol Hill. The shop is led by Duncan, former chief of staff to Fannie critic Rep. Richard Baker (R-La.), and has an impressive roster of inside and outside lobbyists. These include Tony Rudy, a former chief of staff to Majority Leader Tom DeLay (R-Texas). It doesn’t hurt that Fannie CEO Franklin Raines served in the Clinton administration as OMB director, either.
RAHIEM
--------------------------------------------------------------------------------
Freddie Mac: Clarke Camper
Freddie’s shop took a hit this spring when top lobbyist Mitchell Delk resigned under allegations of improper fundraising. But like its older sister, Freddie maintains a large in-house shop, led by Camper, a former aide to then-Rep. Charles Schumer (D-N.Y.). Its outside roster is also quite extensive, including Van Scoyoc Associates’ Lendell Porterfield, a former aide to Senate Banking Committee Chairman Richard Shelby (R-Ala.), and Doyle Bartlett of Bartlettt and Bendall.
FM Policy Focus: J.C. Watts, Mike House
Some lobbyists and staffers said FM Policy Focus’s extreme anti-GSE stance limits its influence. But the organization, formed and funded by large banks, keeps the GSEs on their toes. And with former House GOP Conference Chairman J.C. Watts (R-Okla.) as chairman and Executive Director Mike House, a Hogan & Hartson lobbyist and former chief of staff to Alabama Sen. Howell Heflin (D), it’s hard to ignore what FM Policy Focus and its all-star lineup of outside consultants are saying.
America’s Community Bankers: Dan Berger
Working closely with the Mortgage Bankers Association and the Financial Services Roundtable, ACB is part of the group that supports the White House’s plan to create a new regulator for the GSEs. Berger, former chief of staff to Rep. Katherine Harris (R-Fla.), was one of her top advisers throughout her political career, and his name has even surfaced in news reports as a possible replacement for Delk at Freddie Mac.
National Association of Home Builders: Jerry Howard, Joe Stanton
The home builders have been one of Fannie and Freddie’s strongest allies, coming to their defense at almost every step during the last few years. One of D.C.’s largest trade associations (with one of the largest political action committees), the NAHB has active members in every lawmaker’s district. Howard has been with the group since 1988, and Stanton, who joined more recently, made many friends on Capitol Hill as legislative manager for the House doorkeeper and later as a lobbyist for the Beer Institute.
Mortgage Bankers Association: Kurt Pfotenhauer, Erick Gustafson
The mortgage bankers are closely aligned with ACB in this debate — supporters of Fannie and Freddie who think some changes to the way they are regulated need to be made. As MBA’s top lobbyist, Pfotenhauer heads up a shop that includes Gustafson, a former banking aide to Rep. Mark Foley (R-Fla.) and a lobbyist at Citizens for a Sound Economy.
Financial Services Roundtable: Lisa McGreevy, Paul Leonard
McGreevy, the group’s top lobbyist, and Leonard, who heads up housing issues, work closely with ACB and MBA, although the Roundtable’s members’ views fall somewhere in between those groups and FM Policy Focus. McGreevy was an aide in the Reagan White House and the first President Bush’s Treasury Department. Leonard was chief of staff to Rep. Mike Castle (R-Del.).
Federal Home Loan Bank of Atlanta: Eric Mondres
The Federal Home Loan Banks (FHLB) could be included in any legislation coming out of Congress, and Eric Mondres of the Atlanta bank was named by just about every lobbyist and staffer as the most involved of any FHLB lobbyist. Mondres spent almost a decade as a lobbyist with ACB before joining FHLB Atlanta last year.
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hangerlessbolt
Aug 9, 2005, 11:27 PM
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In reply to: 20% increase in value per year for 3+ years in a row?
gneiss!!
When I bought my house down in SoCal...I paid 139k in '98...now it goes for over 400k (my ex-wife should be pretty stoked)
The house that I recently purchased was 370k...6 months later...selling for 420k...(got a nice jump in that it's brand new and up on Mt Scott)
On avg this area has seen 16% per year for several years
We'll see where it's at in 9.5 years.
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reno
Aug 9, 2005, 11:36 PM
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In reply to: In reply to: This rise in housing has absolutely nothing to do with the executive branch, the President, or anything else in D.C. This has to do with people who own land in Boulder, and the people that want that land. Really! Please explain why lobbyist for home builders hang out in DC.
Same reason that everyone else has a lobbyist in DC, Bob... to look out for their own interests. That hardly equates to the government dictating prices for new homes.
In reply to: What you highlighted in your post was housing prices on a national level...not Boulder.
What I highlighted in my post above is exactly what you highlighted in YOUR POST. I just quoted you, buddy.
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bobd1953
Aug 10, 2005, 12:13 AM
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In reply to: Same reason that everyone else has a lobbyist in DC, Bob... to look out for their own interests. That hardly equates to the government dictating prices for new homes.
Do you agree that lobbyist run the show in DC.
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reno
Aug 10, 2005, 12:21 AM
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In reply to: In reply to: Same reason that everyone else has a lobbyist in DC, Bob... to look out for their own interests. That hardly equates to the government dictating prices for new homes. Do you agree that lobbyist run the show in DC.
Oh, come off it, Bob. If you want to go down that road, then you should be blaming the "poor economy" on the lobbyists, and not President Bush.
Why can' you just acknowledge that not every evil or bad thing in the world is GWBs fault? To listen to you, one would think the weather is shitty because of something a Republican did.
Get over it and move on, pal.
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