[RealJustme]

The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was decades ago, more than 7 million American families have lost their homes since Obama took office.

Why is he still in office?

In the first 7 months of the year, members of the first family have been on 7 vacations, averaging a vacation a month. This doesn't count the first daughters going on a spring break vacation in the Bahamas. White House tours have been closed for months. Why? President Obama says there just isn't enough money to keep the White House open and therefore, people visiting the People's House will have to simply see it from outside of the gate until further notice. White House tours cost $74,000 per month. The Obama family and friends recently returned from a $100 million taxpayer funded trip to Africa which would have funded White House tours for more than 50 years.

But while the White House doors remain closed to the public in the name of budget cuts, President Obama and his family are getting ready for their next down to earth, middle class vacation in Martha's Vineyard expected to cost tax payers an additional 20 million plus. On top of that, White House Dossier points out this little nugget: President Obama has been able to find plenty of money for 26 parties at the White House this year while he keeps it closed to middle class families visiting Washington D.C.

Keep working America, the Obamas' social life is depending on you and remember what Michelle said "It's rough for Americans but it's important everyone do their part and make sacrifices where we can"

[johnforbes]

Obama's presidency has been an apocalypse in terms of minority unemployment.

He doesn't care, and they don't care, because they voted for him anyhow.

[sillydaddy]

He is their President and he is black !.............that's all they need to know! He can't do no wrong!

[elklindo69]

The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was decades ago, more than 7 million American families have lost their homes since Obama took office.

Homeownership is now aligned with historical average. And Justme seems to be losing his penchant for distortion, next time try to get the copy and paste correct...

:lol: :mrgreen:


The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was two decades ago, before the housing bubble inflated, busted and ripped more than 7 million Americans from their homes.

http://www.bloomberg.com/news/2013-07-3 ... r-low.html

[Leroy]

Homeownership is now aligned with historical average. And Justme seems to be losing his penchant for distortion, next time try to get the copy and paste correct...

The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was two decades ago, before the housing bubble inflated, busted and ripped more than 7 million Americans from their homes.

http://www.bloomberg.com/news/2013-07-3 ... r-low.html

In the days before the NEW DEAL, home ownership RATES were about 45%, after the New Deal they started increasing every decade from 55% in the 50's to 66% at the start of 2000 - and that coincides with the liberal/progressive changes to our banking rules and giving people loans that could not really afford those loans.

Let's take a look at the numbers: According to the Census data, from 1978 to 2008, the rate of home ownership has remained about 64% in the USA. Low of 62% to a High of 68.9%.

If we look at the HUD data, before 2005, new housing builds averaged about 2% per year, in 2005, that dripped to under 1%.

If you continue to look at government data, our housing market has not returned, in fact, it's very depressed - we have more people and we don't have an increased number of new homes like we did in years prior to the crash that started in the Clinton last term and certainly not in comparison to the Obama years. It's actually gotten much worse, but, if you only look at a very short time, you can make the numbers appear to show anything you want - but you already knew that.

Let's not forget one more important thing - the median cost of renting a home/apartment has increased dramatically since the 80's as a percentage.

[elklindo69]

Homeownership is now aligned with historical average. And Justme seems to be losing his penchant for distortion, next time try to get the copy and paste correct...

The U.S. homeownership rate, which soared to a record high 69.2 percent in 2004, is back where it was two decades ago, before the housing bubble inflated, busted and ripped more than 7 million Americans from their homes.

http://www.bloomberg.com/news/2013-07-3 ... r-low.html

In the days before the NEW DEAL, home ownership RATES were about 45%, after the New Deal they started increasing every decade from 55% in the 50's to 66% at the start of 2000 - and that coincides with the liberal/progressive changes to our banking rules and giving people loans that could not really afford those loans.

Let's take a look at the numbers: According to the Census data, from 1978 to 2008, the rate of home ownership has remained about 64% in the USA. Low of 62% to a High of 68.9%.

If we look at the HUD data, before 2005, new housing builds averaged about 2% per year, in 2005, that dripped to under 1%.

If you continue to look at government data, our housing market has not returned, in fact, it's very depressed - we have more people and we don't have an increased number of new homes like we did in years prior to the crash that started in the Clinton last term and certainly not in comparison to the Obama years. It's actually gotten much worse, but, if you only look at a very short time, you can make the numbers appear to show anything you want - but you already knew that.

Let's not forget one more important thing - the median cost of renting a home/apartment has increased dramatically since the 80's as a percentage.

Housing market is gradually recovering and the peak in 05-06 was not realistic. There were people selling homes on my block for absurd prices, it was just stupid. Now everybody who lost their homes to foreclosures are now renting. Here in NYC, the rental market is absolutely on fire. And there may be many people who will never go back to ownership. That's good because they were not qualified in the first place. And it will take many years for pricing to return to 05-06 levels...

[RealJustme]

Elk- Now everybody who lost their homes to foreclosures are now renting. Here in NYC, the rental market is absolutely on fire. And there may be many people who will never go back to ownership.

Obama promised change!

[Leroy]

Here in NYC, the rental market is absolutely on fire. And there may be many people who will never go back to ownership. That's good because they were not qualified in the first place. And it will take many years for pricing to return to 05-06 levels...

Yep, and you can thank Obama and his Ilk for protesting at banks, for changing the laws, back before he was even elected, when he was just a thug & intimidater, when he and other racists protested until banks/mortgage companies gave loans to people that could not afford them to appease those like obama.