We spent the last7 years making bank$ter/donors richer while watching as millions of people move from "middle class" to poverty or into the realms of the working poor. Detailed in Stress Test by President Obama's Treasury Secretary "Timothy Killer" Geithner, and ridiculed by the host and voters in the audience on the Daily Show in his interview with the little scum sucker. Makes Stalin look like a nice guy.
http://on.cc.com/1xd8cNT
The 2016 election will be about money, again. And since we left the watched as an additional 4 million families were thrown into the street in foreclosure since 2009 (on top of the 3 million before that), and watched as millions moved from good paying jobs into poverty - and have been left there.
Has any Democratic adminstration left so many people in poverty, or swelled the numbers of the working poor, since the War on Poverty? I've been looking through the charts, and I can't find it. Although Obama did increase his net worth by $2 million, according to google.
It will be interesting to see if voters have forgotten Democrats who could have extended them a helping hand and pissed on them instead.
"Blame it on too much paperwork. The house humping cheerleaders are blaming the drop in sales volume on too much paperwork instead of the true underlying culprit. The real reason that sales collapsed was that prices are largely becoming unaffordable to most families. In virtually every part of California home prices are out of reach for families without them diving into massive mortgage debt for a piece of crap stucco box. Taco Tuesday baby boomers of course would like home prices to remain inflated but now they are getting a taste of economic karma when their boomerang kids move back home as adults. An indication of this insanity in California is based on the volume of investors buying homes. Last month 30 percent of home purchases went to all cash buyers. This was the highest amount going back to 2012. However, sales volume took a big dive. In other words, a large portion of those that can buy are investors. Is this trend sustainable?
Cash buyers make up a big part of sales volume
Cash sales jumped up significantly again last month thanks in large part to foreign money flowing in from China. While cash sales jumped up, this is still a small portion of the market. Most other crap shack wannabe buyers were unable to buy based on their pathetic income growth and the ridiculous sized mortgage they would need to take to purchase one of these cardboard boxes. 2015 looks like it will end with a wet towel thrown over the market. Price gains have hit the expected wall.
First, it should be noted that cash sales were never a big part of the market. In more “typical” years before housing turned into a speculative investment vehicle, cash sales made up about 10 to 15 percent of all sales. Last month cash sales cracked the 30 percent mark of total sales for the first time since 2012:"
http://www.doctorhousingbubble.com/california-cash-sales-surge-all-cash-purchases-china-buyers-money-foreign-investors/
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