96 Percent of mortgage owners are "fulfilling their commitments." That's a tad vague but I would say that means they are paying on time or close enough to on time that the mortgage lender doesn't need to take further action.
Home ownership in the U.S. is 67.8 per cent; higher than it was in the 'prosperous' years of '98, '99, and 2000.*
Home ownership has 'fallen' 3/10 of 1 per cent during this current housing 'crisis.'
...if the numbers George Will gives are correct, that is, and I have little reason to doubt him. Today's column is right on the money. We have it so good nowadays that when we hit a little bump, the media panics, blames Bush, and rallies behind their candidate, Obama, and push the message of hope and change; without, of course, really saying what that means.
If people have to work a little harder, maybe cut some expenses, or postpone 'retirement' from 59 to 62, everyone panics and presidential candidates tell us that we have it so bad and the only solution is voting for 'change' - instead of instilling change in ourselves with our habits. To me, 'change' isn't voting for Obama, it's making the needed adjustments to live your life. So, if you buy something you can't afford, eventually it will catch up with you. If you have to put off buying that new car or can't take a family vacation this year, or have to delay retirement a few years, so be it. That not is not hardship. It's called dealing with it. It is not a sign of a crisis. If anything, it's an indicator of how good we have it.
*Census Link that covers through 2007.
The "bottom" will have fallen out of the housing market when I buy a cheap house and have moved into it. Until that happens, I don't buy any of this crap about the market.
We have it so good nowadays that when we hit a little bump, the media panics, blames Bush, and rallies behind their candidate, Obama
I thought Hitlery Klintoon was the candidate of the media.
Hillary was; until Obama took the lead. If she can regain the lead, she'll be their candidate again. I must confess I am surprised how they have turned on her, though.
Hillary was; until Obama took the lead. If she can regain the lead, she'll be their candidate again. I must confess I am surprised how they have turned on her, though.
Notice that searching for 'Clinton' on the NewsBusters front page (as of today) yields contradictory reports about whether Klintoon or Obama bin Hussein is the preferred candidate.
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