tag:blogger.com,1999:blog-13164186.post7014797547825989060..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: The effect of declining home prices on small business borrowingDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-13164186.post-91671974345389549992011-02-02T22:05:48.492-05:002011-02-02T22:05:48.492-05:00"Leroy said...
Probably. To my knowledge, DC..."Leroy said... <br />Probably. To my knowledge, DC has always led the nation in people on foodstamps, especially given the huge underclass that lives in SE."<br /><br />Yes but, now if they want a home loan, they have to qualify for one.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-29631501709656084482010-12-28T10:35:49.373-05:002010-12-28T10:35:49.373-05:00@Armond and @Robert - Well, yes and no: if you loo...@Armond and @Robert - Well, yes and no: if you looked at the recent census data, what's really going on in DeeCee is that the population/demographic is changing - sure, the same un-/under-employed bunch who kept prices east and south of the park very very low for ages and ages (since '68) is not doing anything to prop up the market. Indeed, there would have been almost no DC bubble if that demographic had been the dominant one.<br /><br />But, the DC population is increasing, and it's also increasingly made up of upper-middle income earners who can get loans. <br /><br />@Anon - 12/22, 10:43AM - the mayoral leadership is a <i>trailing</i> not <i>leading</i> indicator. Fenty got elected because the demographic is shifting and his "progressive" administrative picks were a nod to that new demographic. Gray is the reactionary backlash. <br /><br />I predict Gray's core constituency will be disappointed since I don't believe he's really that different from Fenty (nor are either of them ultimately all that different from Marion Barry) and more so because what drives their angst is something the Mayor can't control or change...like I said, the mayor is simply reactive. <br /><br />- Gentrification - the mayor can't enforce racial/ethnic homeownership preferences - this will be the result of a battle of wallets.<br /><br />- Jobs program patronage - it may look like Gray is capitulating to the DCPS but they're going broke and that won't change, particularly during the downturn.<br /><br />- Developer friendly policies - these guys have the $$$ and the jobs...the mayor will continue to make nice with them...they bring in a tax base that fills city coffers.<br /><br />Gray might put a different wrapper, but he will respond to the same set of pressures that Fenty did. None of this, by the way, has squat to do with why people are moving back into the city:<br /><br />- more metro stops<br />- shorter commutes<br />- people wait to have children until they are older (they are not as dissuaded by the bad schools).<br /><br />This is a national trend, BTW, not just DeeCee...Scott_Rhttps://www.blogger.com/profile/10337416641945457289noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-12998378827703051482010-12-22T14:11:57.451-05:002010-12-22T14:11:57.451-05:00@ANON
Yeah...keep telling yourself you're dif...@ANON<br /><br />Yeah...keep telling yourself you're different...enjoy the way down...it happens to everyone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-54868280197505424852010-12-22T10:41:58.375-05:002010-12-22T10:41:58.375-05:00If its on a blog-like yahoo real estate site, it i...If its on a blog-like yahoo real estate site, it isn't news.<br /><br />What is news is the fact that Vincent Gray is now the mayor of DC, and he's regressive.<br /><br />Fenty's progressive appointees and officials are quitting or getting fired as I write this.<br /><br />Will the yahoo real estate blog consider DC to be a great place to do business in 2012? Probably not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-2339319219549470582010-12-22T10:05:58.462-05:002010-12-22T10:05:58.462-05:00Different we are:
"It takes a resilient eco...Different we are:<br /><br /><br />"It takes a resilient economy to ride through the Great Recession - and it doesn't hurt to have the world's most powerful government in your backyard.<br /><br />Both of those could apply only to Washington, D.C., as the nation's capital rose to the very top of MarketWatch's 2010 annual ranking of the Best Cities for Business, beating out such cities as Omaha, Neb., Boston and Des Moines, Iowa."<br /><br />http://realestate.yahoo.com/promo/americas-best-cities-for-business-in-2011.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-85498278437782502852010-12-21T23:57:39.149-05:002010-12-21T23:57:39.149-05:00@ ROBERT:
Of course you can! DC is different!@ ROBERT:<br /><br />Of course you can! DC is different!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-15648437776538910552010-12-21T18:56:11.614-05:002010-12-21T18:56:11.614-05:00"Can we re-inflate the bubble, or even sustai..."Can we re-inflate the bubble, or even sustain prices with 21% of folks on food stamps?"<br /><br />Probably. To my knowledge, DC has always led the nation in people on foodstamps, especially given the huge underclass that lives in SE. <br /><br />To put it bluntly, these people have never mattered before. Why do we think they will matter now?Leroynoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-25360771551058693612010-12-21T15:45:56.704-05:002010-12-21T15:45:56.704-05:00Yeah, small business owners shouldn't hold the...Yeah, small business owners shouldn't hold their breath waiting for prices to go up. Better to find other sources of equity.MH for Movotohttp://realestateandhomes.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-79584000029037176052010-12-21T15:05:43.792-05:002010-12-21T15:05:43.792-05:00The National Assn. of Realtors is running ads war...The National Assn. of Realtors is running ads warning that tampering with the mortgage interest deduction would hurt "hard-working American families." The ads point out that 65% of the taxpayers who took the deduction made less than $100,000.<br /><br />What the group doesn't say is that about 75% of the entire $85.5 billion that people saved in taxes from the mortgage interest deduction in 2008 went to individuals or couples making $100,000 or more, according to an analysis by the congressional Joint Committee on Taxation of the latest data available.<br /><br />Based on the committee's numbers, taxpayers who took the mortgage deduction saved, on average, $2,330 in 2008. But for those reporting incomes of $200,000 and more, the average savings were nearly triple that amount.<br /><br />About half of all homeowners in the U.S. — and just a quarter of all taxpayers — benefit from the mortgage interest deduction at all. That's because most people don't have home loans or don't pay enough in mortgage interest to take advantage of the benefit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-54919375523393266822010-12-21T12:00:45.339-05:002010-12-21T12:00:45.339-05:00I apologize for being OT, but:
“Washington, D.C....I apologize for being OT, but:<br /><br /> “Washington, D.C. leads the nation, with 21.5% of the population on food stamps”<br /><br />http://money.cnn.com/2010/12/21/news/economy/<br />food_stamps/index.htm<br /><br />Can we re-inflate the bubble, or even sustain prices with 21% of folks on food stamps?roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.com