Shutdown will stall home loans for thousands

Let’s not forget who was in bed with Obama and the rest of the statists.

The insurance industry.

They love Obamacare.

Tens of millions of new clients that are mandated to purchase insurance from them.

Are you making an argument for a single payer/non profit health care system? :smiley:

If you want what socialist Europe has its single payer and every election forward becomes about healthcare, every one.

The free market is able to do the job best and the lowest overall cost.

What we have now is government granted monopolies.

Careful who you vote for.

If you don’t like Obama Care, you probably won’t like what’s coming next. :smiley:

$2,800 monthly ‘basic income’ for adults](Switzerland to vote on $2,800 monthly ‘basic income’ for adults)

Well hell go all the way and declare communism.:shock::roll:

Bible tested, Christ approved… “Acts 44And all those who had believed were together and had all things in common; 45and they began selling their property and possessions and were sharing them with all, as anyone might have need.…”

:smiley:

One of my favorite quotes.

Using that verse as Jesus’ endorsement of Communism only reveals the depth of your internal confusion.

Come to the light joey.

Agreed Nick! Canada is no different in that they are in debt too yet demand all to pay taxes on everything so they can stay afloat.
When the Government says they have a plan to fix things and make it right, that is when I say deep down inside. Oh no not again!

My quote came from Barrack Obama when he was a senator.

Seems it could be worst for you
http://en.wikipedia.org/wiki/List_of_countries_by_external_debt;-)

http://fullcomment.nationalpost.com/2013/09/13/andrew-coyne-canadians-arent-getting-the-whole-story-on-the-economy/

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[FONT=Georgia]Andrew Coyne: Canadians aren’t getting the whole story on the economy[/FONT]Andrew Coyne](http://fullcomment.nationalpost.com/author/acoynenp/) | Published: 13/09/13
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Sean Kilpatrick/The Canadian PressOver the last two decades, Canadians’ per capita net worth has more than doubled, after inflation. Bet you didn’t read that story.
Here’s a headline you probably didn’t see: Canadians Have Never Been Richer. Or this one: Household Net Worth Rises To All-Time High. Or this: Canadians Are Twice As Wealthy, After Inflation, As They Were Twenty Years Ago.
No, the headline you did see was something like this: Canadian Household Debt-To-Income Ratio Hits Record High. Canadian Household Debt Climbs. Canadians Go Deeper Into Debt.
It’s not that the latter headlines aren’t true. In fact, the ratio of household debt to disposable income did reach an all-time high in the second quarter, at 165.6%, bettering the previous records that had themselves inspired a thousand heavy-breathing headlines.
It’s just that they’re not the whole story. Merely reporting how much debt we are carrying, even relative to disposable income, tells us little. Without knowing how much we have in the way of assets, we have a very incomplete picture.
[FONT=Georgia]Related[/FONT]

Anyone who’s ever bought a house knows this. If you take out a $300,000 mortage to buy a $500,000 house, your debt may have gone up, but your financial position is unchanged: it’s the difference between the two, your net worth, that counts.
True, taking on debt puts you at some risk. Even with a fixed mortgage, your net worth can rise or fall, depending on whether your house appreciates or depreciates in value. But you’d think you’d at least want to know what it was. If you had to depend on the media, you’d be out of luck. Your house could have doubled in value, and all you’d know is that you had $300,000 in debt.
It’s not that these numbers are hard to find. Statistics Canada reports them at the same time and on the same page as the figures on household debt. What do they show? They show that in addition to liabilities of about $1.75-trillion, Canadian households also had assets worth roughly $9-trillion — more than five times as much.
All told, Canadians’ net worth stood at $7.263-trillion, or $207,300 per capita. Adjusted for inflation, that’s a new record. A decade ago, it was less than $150,000 per capita, in 2012 dollars. A decade before that, it was less than $100,000. That’s right: over the last two decades, Canadians’ per capita net worth has more than doubled, after inflation. Bet you didn’t read that story.
Of course, even if your assets exceed your debts, you still have to make the payments. But here again, debt-to-income doesn’t tell the whole story. You also need to know what interest rate you’re paying on the debt: it’s the combination of the two that dictates how much you pay every month. These figures, too, are readily available: the Bank of Canada calculates a “housing affordability index,” measuring mortgage payments, principal and interest combined, against disposable income. What does it show? At a ratio of less than 26% (as of the first quarter of this year) it is lower than it has been at virtually any time over the last 30 years — half what it was in the early 1990s, a third of its level in the early 1980s. But no, you haven’t read that anywhere, either, have you?
I wish I could say this was unusual. But it’s more or less a constant. It isn’t just the well-known observation known as Easterbrook’s Law — “all economic news is bad” — which holds that any economic development is bad news for somebody, and will be reported as such, even if it’s good news for everyone else. It’s that the good news as often as not gets flat out ignored. It just seems more compelling, more concerned, more responsible, to report that everything is getting worse, even if the facts show that at least some things are getting better.
It just seems more compelling, more concerned, more responsible, to report that everything is getting worse
Elsewhere I’ve pointed out that, contrary to everything you’ve read lately, poverty is declining in Canada, median incomes are rising, while inequality is steady or even falling. Again: these figures are easily available. But the same applies to a range of other data. How many stories have you read about youth unemployment (“Canada’s Youth Face Job Crunch” ), now at 14%? How many told you that that is in fact rather [FONT=Helvetica]lower than it’s been at most times in the last 40 years?[/FONT]
Of course it would be better if it were zero, but numbers only have meaning relative to some benchmark. Indeed, the reason we say 14% is bad is because it’s worse than the overall rate of 7% — or because it’s worse than it was a few years ago, at the height of the expansion. But it’s at least as significant that it is better than it was in almost any year in the four decades before that.
Another example: the Canadian Centre for Policy Alternatives has just put out a study on tuition fees and student debt. Spoiler alert: it shows both are rising, as they have been for several years. In fact, Canada now has the fifth-highest post-secondary tuition fees in the OECD. That’s worth knowing, and raises legitimate fears that it might reduce accessibility.
But wouldn’t it also be worth knowing whether it [FONT=Helvetica]has in fact, reduced accessibility? And would you be surprised to learn that, in fact, rates of enrollment have been climbing throughout this period: that, from 2000 to 2010, while the population aged 18-21 increased by 12%, enrollment in post-secondary education increased by 38%?[/FONT]
Yes, I’m guessing you would.

Really? The government is shut down?

Strange how Republicans, who hate big government, are fighting to keep it open.

Democrats, who love big government, want to keep it closed.

This shutdown has affected my ability to sell a “flip” house. It has been under contract for almost 60 days because the government was behind on the loan approval process…now it’s deadlocked. The lower end of the housing market is going to be drastically affected by this government mess.

We feel your pain…

**Tampa Bay home sales cool a touch amid changing housing recovery **

LOL. See, we don’t need them. All they do is take our money, siphon off huge administration fees, and give us back a small portion.

Now for a dose of reality. *(http://www.wlwt.com/news/local-news/butler-county/boehners-hometown-feeling-pinch-of-government-shutdown/-/13601510/22384042/-/omvh9m/-/index.html)

Nonsense. Those loans are only sitting idle because the government stuck its nose in years ago and started backing them.

If the government wasn’t involved to begin with, no one would care that they currently aren’t involved… and we’d all have lots more money in our paychecks.

This is an example of their plans succeeding. They take our money, give us something of less value in return, then shut it off so that we miss it and think we need them.

They’re drug dealers and the drugs are entitlements.