AP, Local Papers Report Home Sales Are Up: But Who's Buying?
The National Association of Realtors recently announced that the sales of homes to new buyers reflected gains last month that exceeded all governmental expectations due to the fact that the credit that was legislated under the stimulus for new buyers is scheduled to expire the end of the month with buyers now wishing to get purchases finalized prior to the expiration.
It was also reported by the AP in this article that this was also viewed as a benchmark that Mr. Obama and the 110th and 111th Congress actions in light of the blight of homes now vacated due to the foreclosure tsunami that has swept the nation (mostly in the West and Sun Belt states) was working.
As one so affected in the increasing costs of ownership primarily of my former home in the Southwest due to "privatization" of governmental functions under an HOA owned property (with added and extra then property taxes for street repairs, street lighting and the like, while the state was also collecting full property tax revenue in the process), a refinanced mortage in which I, one who had legal knowledge and experience, missed the provision that the escalating loan rate was based on a British market rate, and not U.S. rate at all from one of those California lenders now under investigation, and also the added costs due to Phoenix now being the kidnapping capital of the world due to the border situation and added costs of property and auto insurance which had occurred, see this "political" announcement for what it is in order to hopefully "stimulate" once again the market.
No provisions of course have ever been provided for those that are now homeless, without really any equity to speak of left or in any position to own a new home. Literally now thousands upon thousands of Americans.
And I wonder really just where these "new home" buyers are coming from, after all.
Since many who were renting have also seen those cost rise consistently and considerably in those border states due to the property owners passing those costs down to those renting those properties.
There is, in Arizona, about a ten year surplus now of homes, and the rates for foreclosure last month surpassed even those that were recording last year at about the same time. Many, many thousands of others are now in foreclosure status due to the continuing piss poor economy, with the only jobs which have been created primarily those in the high tech gadget industry for the War in Iraq and government jobs in added agents now for the strip searches at the airports and those investigations of citizens now under the Bush Administration's National Security Letters since Obama nor Congress had rescinded that legislation.
Since they are too busy now pondering the amounts of the fines they will inflict upon the now homeless and jobless Americans for not carrying health insurance.
As I have consistently stated, I don't think this is the America our founders created, nor freedom and liberty they intended for their posterity.
More like that of the country they left at this point, Great Britain, and in many respects far, far worse.
But I'm sure the state legislators are enjoying those Blackbeerries they received as part of the package to make up for the salary increases the state citizens have denied them due to their also compliance and assistance in the federal government's world globalism and economy agendas.
Such as privatizing the nuclear power plants throughout the country affording foreign investment now in even our nuclear reactors and power plants.
While also leaving our borders unsecured but feeding Silicon Valley for continuing unconstitutuional war effort while California claims poverty in the process. A state that got far, far more than most even under that stimulus.
Again, unbelievable, the spins and smoke and mirrors that is continuing in this country and now even escalating post-Bush by America's federal global corporate Wall Street employees and "misrepresentatives."
It must be the over 26,000 now political refugees from Iraq that have been brought into the country now due to this war or illegal immigrants that are buying up those properties in the border and Sun Belt states, or Louisiana also as "replacement" owners during the reconstruction - mainly the ones Americans are fleeing due to our open borders and the costs associated with it now in American lives and property more and more by the year, is all I can gather, and the outsourcing now also of the government and "private" state incorporated contractors working on the Louisiana rebuilding efforts, since from reports of some of the New Orleans residents the city has passed an ordinance that effectively grants them seizure rights to their homes if they do not rebuild on the land within a certain amount of time - thus, can't even use that land as security to purchase a new one really.
And Washington wonders why the homeless and jobless rate of Americans (not the foreigners) is increasing by the day?
Tags: Economy , Bank , Lending , Bankers , Wall Street , Globalism , World , Affairs , United States
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