Comments on: U.S. government’s housing hangover may last years http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: doctorjay317 http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7695 Tue, 07 Jun 2011 09:05:29 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7695 @TFF

Simple solution; naive thinking.

If you had the means to migrate to the U.S., you most probably don’t want to be living in a hell-hole filled with foreclosed properties.
And if you need a mortgage, you won’t qualify for immigration.

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By: threeRivers http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7693 Tue, 07 Jun 2011 04:49:53 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7693 Mr. Simple Solution: most folks where I live, in an almost developed country that isn’t even considered to be “emerging” anymore…. make excellent wages, even if their actual purchasing power isn’t so hot in real term because of the overwhelmingly still overvalued US dollar. Those wages in the countryside stand at about $3 a day, although college grads can get as much as $5 an hour. As for the cream of the crop earners, they are doing just fine NOT immigrating to the US thank you. No, it’s time to smell the coffee dude.

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By: robb1 http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7691 Tue, 07 Jun 2011 00:45:13 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7691 “that they buy a house”… for cash only… I would add…:)

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By: txgadfly http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7690 Mon, 06 Jun 2011 23:55:15 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7690 Simpler solution — bulldoze the houses and repudiate any Federal guarantee for residential real estate of all types for 50 years. Overhang disappears. True cost of pumping billions into the construction industry becomes visible.

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By: Ananke http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7687 Mon, 06 Jun 2011 19:25:50 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7687 :) The immigration thing has been done already, hence we got the house bubble. On top we got Latin-american drug traffickers legally became Americans :).

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By: M.C.McBride http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7685 Mon, 06 Jun 2011 14:33:58 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7685 Without jobs and easy credit, the problems will only get worse in the housing market.

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By: JEYF http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7684 Mon, 06 Jun 2011 13:16:33 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7684 ROFL,

more illegal aliens to live off welfare here in the US

the only two answers to housing problem

a) let housing prices fall to about $30,000 on average for a house (that way half of Americans who make less than $26,500 a year could afford to buy them).

b) have a massive building of manufacturing plants in America like we did in the build up to W.W.II and during the war to put Americans back to work so they can afford to buy houses again.

Side note: I do not think we won the war with Nazi Germany by importing all our goods from China. I am not a history major but I think China at the time was under the control of Japan.

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By: sonoma-realtor http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7681 Sun, 05 Jun 2011 04:27:23 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7681 Santa Rosa Ca was supposed to see a 6% increase from last year but never materialized. We are looking for home prices to stabilize in our Real Estate Market and level off for a few years. Statistics and local MLS can be found at www.esonomacounty.com

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By: AshokPats http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7680 Sun, 05 Jun 2011 03:47:27 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7680 Either allow a free fall so that the scrap is unloaded and fresh start from the lows will begin. US is doing the same mistake done by Japan, which is continuing the recession hangovers for decades for it tried to reign in recession and the hangover continues. Let the fall happen and there is fresh start from lows and economy grows bigger and better. Opening immigration is also a good idea as US is lowly populated compared to the land size and resources it holds….

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By: TFF http://blogs.reuters.com/breakingviews/2011/06/03/u-s-governments-housing-hangover-may-last-years/comment-page-1/#comment-7677 Fri, 03 Jun 2011 21:15:16 +0000 http://blogs.reuters.com/columns/?p=6170#comment-7677 Simple solution — open immigration to the first 300,000 families on the condition that they buy a house.

Overhang dries up overnight, and the immigrants bring needed savings and job skills to the US.

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