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Discussion Starter · #1 ·
According to Webo clown: it was big business and Bushco policies that made housing so expensive.

It seems to be the forces of an extremely liberal group of politicians in the PNW infringing on the rights of the many for the few that casued the run up. Lets elect more of those D's clown: and see how much we can tack on in taxes the next go round.

http://seattletimes.nwsource.com/html/b ... her14.html

UW study: Rules add $200,000 to Seattle house price
By Elizabeth Rhodes

Seattle Times business reporter

ROD MAR / THE SEATTLE TIMES

Theo Eicher, founding director of the UW's Economic Policy Research Center, analyzed data from a national index and concluded that Seattle is "one of the most regulated cities" when it comes to land use â€" and home prices reflect that.

Theo Eicher, economics professor at the UW

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Backed by studies showing that middle-class Seattle residents can no longer afford the city's middle-class homes, consensus is growing that prices are too darned high. But why are they so high?

An intriguing new analysis by a University of Washington economics professor argues that home prices have, perhaps inadvertently, been driven up $200,000 by good intentions.

Between 1989 and 2006, the median inflation-adjusted price of a Seattle house rose from $221,000 to $447,800. Fully $200,000 of that increase was the result of land-use regulations, says Theo Eicher â€" twice the financial impact that regulation has had on other major U.S. cities.

"In a nationwide study, it can be shown that Seattle is one of the most regulated cities and a city whose housing prices are profoundly influenced by regulations," he says.

A key regulation is the state's Growth Management Act, enacted in 1990 in response to widespread public concern that sprawl could destroy the area's unique character. To preserve it, the act promoted restrictions on where housing can be built. The result is artificial density that has driven up home prices by limiting supply, Eicher says.
 

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TSk Tsk Just DEM ocracy at work, eh what? Population control: make it too expensive to live here. I should think the greenies would see the error in that thought process. Better for the environment to build up ^ rather than out.

Harry Bridges would approve.
 

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What a freakin' moron! clown:

Where did I say that it was big business and Bushco that drove housing prices up? :?

Find the quote if you think you can. :cool:

What I SAID in that thread was that the policy of supply-side, trickle-down economics is making it increasingly MORE difficult for the average American to be able to afford to buy a house.

That's how the whole sub-prime thing got started in the first place.
 

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Discussion Starter · #4 ·
"What I SAID in that thread was that the policy of supply-side, trickle-down economics is making it increasingly MORE difficult for the average American to be able to afford to buy a house. "

Apparently you were wrong , imagine that clown: The asshat Democrats that run this circus are doing it all by their lonesome.
 

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Yeah... WASHINGTON asshat Democrats run the whole country. :?

Again... what a freakin' MORON! clown: clown:
 

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If you really want to get the root of the problem simply look at liberal socialistic politicians ie, Democrats who think buying a house is a "right". They fight for the banking industry to develop loan programs that enable everyone even those who shouldn't qualify the ability to borrow. They push for changes in Fannie Mae and Freddie Mac guidelines to help less qualified borrows. THEN after it all falls apart in their faces they're too stupid and blinded by their good intentions to realize the programs they fought for were the catalyst for our current problem so what do they do?....They conspire to create yet more programs to help the struggling homeowners they created. MY GOODNESS! These people need a brain transplant. Now Hillary is calling for a moratorium on foreclosures....IT'S A MAD HOUSE! conf: :mrgreen:
 
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fishinfoolz said:
If you really want to get the root of the problem simply look at liberal socialistic politicians ie, Democrats who think buying a house is a "right". They fight for the banking industry to develop loan programs that enable everyone even those who shouldn't qualify the ability to borrow. They push for changes in Fannie Mae and Freddie Mac guidelines to help less qualified borrows. THEN after it all falls apart in their faces they're too stupid and blinded by their good intentions to realize the programs they fought for were the catalyst for our current problem so what do they do?....They conspire to create yet more programs to help the struggling homeowners they created. MY GOODNESS! These people need a brain transplant. Now Hillary is calling for a moratorium on foreclosures....IT'S A MAD HOUSE! conf: :mrgreen:
I agree with you to a point. I also feel both parties are to blame. I remember my father in-law telling me about one - two years ago that the housing market would burst eventually. And how it just couldn't continue to go up, up, up. Something had to give.

Of course some of those people that bought homes and didn't read the fine print are just as much to blame.

Heck I remember when my wife and i bought our first house in 84'/85', we qualified for some astronomical amount. But we both knew and were smart enough to know NOT to the buy the type of house THEY said we could afford. Hell...we had to eat and pay other bills too. And that was back when the real estate market was similar to todays market (before the crash). Washington had a "State Bond" program for first time home buyers. You could only make "X" amount of dollars. Be a first time home buyer. And the interest rate (at the time was 11 1/8 percent). What a deal!! NOT. But we did it and paid close attention to the housing market conditions and refinanced when the time was right.
 
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