HeraldNet: Snohomish County's bargain housing won't last

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Gas too
The same will hold true for gas, the Nobama boys will want you out of your cars and on the bus so look for gas to throught the roof soon as work picks up thanks a lot Nobama. Buy the way Mike when will out property taxes go down?

camano kid | Feb 8, 2010 6:51 am | 1 replies | Request removal

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Re: Gas too
So, you like subsidized gasoline, is that what you're saying?

People need to understand that there are actually LIMITS to physical resources, and that consuming such resources means that there is LESS resources, such as oil (and therefore gas).

Before you (or anyone else) complains about things then you better have an understanding of what the REAL factors/drivers are.

Without being able to properly identify the problem/issues tax cuts OR tax increases are NOT going to be any solution: drop property taxes and your insurance rates will go up (less fire service); less road repair, higher costs to trucking, which will then translate to higher food prices (and all other transported goods).

The US imports close to 60% of its oil. This isn't the good old days, pre-1971, when we were a net exporter of oil (prior to US peak oil production), when oil was bringing IN revenue. These oil imports result in roughly 40% of our foreign trade deficit. Add in the billions of dollars that we spend to keep oil flowing, er a fight terrorists, and it all adds up to huge subsidies. ALL net importers (Britain, Japan and China [once it runs through its massive reserves of money]) face a bleak lower-energy-level future. And, you know what energy is? It's potential WORK; net oil importers will, as a result of less energy, produce less, which then means that they will have LESS to spend on energy.

I would like to remind people that it was the PRIVATE sector that crashed and burned (because it pushed a future that wasn't sustainable) and that it was the PUBLIC sector that came in and bailed it out (and did so very poorly- that's what happens when corporations own your government, they make sure that they get served first- one need only look at the recent bankster bonuses to verify that).

Get educated, Dave! Here's a starter (it's an essential fundamental):

http://www.guba.com/watch/3000053112/Arithmetic-Population-Energy
Mark Nagel | Feb 09, 2010 11:08 am | Request removal

Is it a bargain when you're unemployed?
Nowhere does Mr. Benbow mention employment in relation to BUYING a home!

Hm... sounds just like what helped get us into this mess in the first place!

Job losses. Wage stagnation. Home prices are still WAY overpriced! The ONLY way that they can become affordable without significant price drop is for multiple families to reside in them: which is likely happening now- children (who may have families) moving back home; this could help explain why there's an apparently inexplicable reason why rents are falling so much- with people losing their homes you'd expect less vacancies in rentals (and or could it also be due to falling wages and unemployment?).

Retail was a big part of the jobs in this area. These are jobs that are NOT coming back. As such, don't look for upward pressure on wages and employment to meet up with home prices- home prices will, then, have to come down.

To put things in historical perspective:

http://www.ritholtz.com/blog/wp-content/uploads/2009/06/case-shiller-updated.png

Sometimes reality is just too hard to face, but there it is...
Mark Nagel | Feb 9, 2010 10:49 am | 0 replies | Request removal

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