In response to:

Where Have All Our Houses Gone

Snarkasterous1 Wrote: Feb 03, 2013 11:25 AM
Joe- The "booming" around Washington DC is NOT a "1%" issue - it's a libbie socialist "grow government at the expense of the private sector" issue. Individuals with expensive homes across the country have seen their property values crater. Have you looked at Florida, and Nevada, and the like? People who bought very expensive homes (i.e., the 1% ers, to use liberals' class-warfare terminology), have lost a great deal of the value of their homes. This is NOT a class issue - it's a BIG GOVERNMENT issue. Demonizing the successful in this country has only one result - it leads to policies whereby ALL will have less. One need only look at the huge economic successes of socialist countries..... (crickets). - Snark
bmoney Wrote: Feb 03, 2013 1:50 PM
I think the point he was trying to make is that the '1 %' we need to be worried about isn't successful businessepeople, its government thugs who obtain wealth by taking it through force and redistributing it to their friends. Washington is booming, federal employees wages and pensions are ridiculous. They are benefitting. It is a class warfare issue, its the ruling class versus the rest of us.

Did you read the story home prices are up due to falling inventory? Case-Shiller just reported home prices were up in their 20 city index 5.5% in November all the way back to 2003 levels.

Regarding these price increases one must put them into perspective. As reported at the BusinessInsider, Quinn Eddins at RadarLogic argue the recent rise in home prices reflects the weakness in 2011 home prices more than the strength of 2012 home prices. I concur.

The reason for prices rising? According to the WSJ: “Economists see the report as a sign of the housing market...