Detailed text transcripts for TV channel - FOXNEWS - 20110402:01:26:00 : vimarsana.com

Detailed text transcripts for TV channel - FOXNEWS - 20110402:01:26:00

food and gas. i don't know about you but i'm paying that every single week. >> sean: and looks like we may be hitting another housing bubble where this is what started this recession in the first place. >> kimberly: housing is stagnant. you may see the employment numbers that look better but housing is one thing that certainly and this is what people value is their home, their equity of their home hasn't improved. on the contrary, the value of their home has actually gone down. they are not seeing -- >> we are in a double dip now. >> sean: in terms of the housing market. >> that's right. >> if this precipitated what happened the first time with the recession, how many homeowners are saying i'm so far under water i'm not going to pay i'll stay in here rent free for a year until the police come and throw me out? >> about a quarter of americans are under water with their mortgage. not everybody takes that view but some people will. americans are in trouble right now. may be that the elites have gotten better. wall street is making better money as nicole can tell you

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