Page 2 - Housing Bubbles News Today

Nevada and ireland both had housing bubbles and busts. but nevada medicare, social security are paid for by the federal government. in ireland they are paid for by the irish taxpayer so you have a debt crisis. the europeans -- and their answer has been just austerity. more austerity. the only answer. the debtor countries are sinners and they should pay for their sins. >> one of the things that surprise me if you talk even to labor leaders in great britain, they are not saying cameron is wrong be...

believe this is a place where only their willingness to work hard and to act with honor and integrity and ingenuity determines their success in life. then well have a bunch of people sitting on a couch waiting for the next government check. >> thats new jerseys governor chris christie. hes endorsed governor mitt romney for president. who knows, the two could be running against president obama in the fall if romney taps christie to be his vice presidential candidate. threats to hard wor...

putting on the final touches of the state of the union address. and newt gingrichs stunning surge has made him a lightning rod for a new wave the criticism. can we keep up the momentum in florida? im wolf blitzer. youre in "the situation room." 6o. just a few hours from now, the president of the united states goes before congress and the american people to record on how the nation is doing. his state of the union address will certain by as important glimpse. . . will focus on job, ...

I used to be one of the 1% i worked all the time never saw my family couldnt make life rhyme then the bubble burst it really hurt i lost my money lost my pride lost my home now im part of the 99 would you believe that third graders in virginia wrote and performed that song in their school without any help from their teachers? thats what the school district is saying but our next guest isnt buying it. kyle olson is the founder of education action group and the author of a book called "indoctrinat...

Out the lyrics to this song called "part of the 99." i used to be one of the 1% i worked all the time never saw my family couldnt make life rhyme then the bubble burst it really hurt i lost my money lost my pride lost my home now im part of the 99 would you believe that third graders in virginia wrote and performed that song in their school without any help from their teachers? thats what the school district is saying but our next guest isnt buying it. kyle olson is the founder of education acti...

Long time so nobody is going to do anything disruptive thats going to have a severe effect on the market right away. another thing is you mentioned that this could make costs go up which impacts lots and lots of people, home builders, realtors, lenders who make money off this. a lot of people who do not want to see costs go up because that will hit them and their bottom line. theres a lobbying battle going on in washington to make sure this either gets drawn out for a really long time or it has ...

Homeowners. we need to have reasonable underwriting standards so that we dont continue to have these housing bubbles. jenna: mark, is that even possible to have that really happen? >> well, the question is going to be, you know, short term versus long term. i do think you need to find a glide path and a transition period where we can get the government out of this, but there are many countries around the world, canada, for instance, has a home homeownership rate hr than ours, and they dont have ...