It’s like my (and other policy wonks) dream came true! PA Policy blog is posting regularly. Though it’s a bit funky that it’s phrased like it’s being read by a juror.
We find that after adjusting for inflation home prices fell by 6.9% in the second quarter of 2008 compared to the same period last year, that is the third straight quarter of home price declines. We also find that home prices fell in 15 of 16 metropolitan areas around the state.



Who cares
Nevermind the failing economy. Lets continue talking about Rev. Wright, lipstick on a pig, and race, gender, etc.
I am appauled at the media’s coverage of this election. The Founders understood the central importance of a fair, informed, and INDEPENDENT media. Unfortunately, our media outlets have thrown all three out the window in pursuit of ratings.
And, let’s not talk about
And, let’s not talk about the destructive effect that property taxes have had on home values.
Used as a funding mechanism for the vast public education empire, property taxes have finally succeeded in driving down the value of Pennsylvania’s home.
The bursting bubble was directly caused by piling up annual 4-5% increases in public education spending, accompanied by a decline in reading and math skills.
I’m not saying they both
I’m not saying they both do not exist, where is your link? Please enlighten.
more like 10-15% decrease in home values
in areas where every farm was turned into a new housing development. Too many newly built homes still on the market.
Home values....
...have gone down because too many houses were built with easy mortgage money….and now that money has evaporated….and millions of people are upside down on their mortgages. Everyone knew there was a “bubble” (except, famously, our former Fed Chairman…) The houses never really were worth what they were valued at; that’s was a bubble means. If this all washes out without Depression 2.0 occurring, values will probably return to something near their actual value.
There is plenty of blame to go around.
Pilt
Don’t forget how the
Don’t forget how the Democrats forced the banks to lend money to people who couldn’t afford it in order to be “fair”.
As always, the Democrats hurt every single Democratic home owner in America.
The poor fools keep voting for the same people who make them poorer, in the name of “fairness”.
You really meant the republicans that
used Predatory lending practices for their own greed. The bush administration went to court to block states that tried to use laws to prevent predatory lending. Repubs like Phil “whiners” Gramm who did everything to fatten his UBS bank account with mortgage profits. Yeah that Mcsame economic advisor “whiners” Phil who oversaw the Enron fraud – while his wife sat on an Enron board and raked in $$millions.
Yeah those republicans – we get our fat profits and you get foreclosed.
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