Article

2010-04-30 Economy

Fannie Mae Owns Patent on Residential Cap & Trade Exchange

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2010-04-30 05:26|| || Front Page|| [2 views ] Top

#1 There's a patent on stealing? Who would have known?

Posted by JohnQC 2010-04-30 10:56|| 2010-04-30 10:56|| Front Page Top

#2 The effect of Congressional housing policy has always been to create housing inflation. People think it's easier to get into a house because of all the exotic, sub-prime mortgages. But the fact that it's easier to get into a mortgage means more people are doing it. With increased demand the developers start charging exorbitant prices. They all talk about the need for more affordable housing but it seems they more they build the more expensive it gets. Next thing you know, the price of a house is a million dollars. Affordable, huh? Yeah, and I'm not exaggerating either. In my neighborhood people were asking far in excess of a million dollars for some of the new homes that were being built at the height of the boom. They were asking $1.3 million for condos. I don't know who was buying them. I was just glad I got in before it all got completely out of control. I can remember when a house across the street from the beach in Encinitas costs $63,000 and we thought that was sky high. Maybe you think I'm just old because I can remember the days before jimmuh carter. But it's inflation and the effect has been disastrous. You might say the road to hell is paved with good intentions but I don't give these politicians that much credit. I think they're all crooked.

Posted by Ebbang Uluque6305 2010-04-30 11:59|| 2010-04-30 11:59|| Front Page Top

00:03 JosephMendiola
23:52 JosephMendiola
23:38 JosephMendiola
23:33 JosephMendiola
23:20 gorb
23:12 Old Patriot
23:10 trailing wife
23:10 Charles
23:00 newc
22:16 Iblis
22:00 abu do you love
21:49 Redneck Jim
21:48 tu3031
21:45 Redneck Jim
21:42 Redneck Jim
21:38 Redneck Jim
21:38 Obama
21:32 Besoeker
21:27 Besoeker
21:26 badanov
21:22 Frank G
21:22 DarthVader
21:18 Frank G
21:15 Frank G