S&P downgrades US credit rating... Can you all say timber?

Asked by Geo0171, Staten Island, NY Fri Aug 5, 2011

Fannie May also says to expect continued decline in home sales and prices. Monday will not be a pretty day! This is getting real ugly and fast! Want to hear what the National Board of Realtors has to say?

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Joseph Runfo…, Agent, Staten Island, NY
Sat Aug 6, 2011
I suggest a return to the growth policies that encouraged the successes of the 1980s. Encourage businesses to expand, instead of government expansion. Less taxes, less spending, and less government .
Web Reference:  http://www.clovelake.com
1 vote
Christopher…, Agent, Staten Island, NY
Thu Aug 18, 2011
The sky didn't fall, and Treasury bonds are actually paying out lower rates now than they did before the downgrade. I've read a number of your other questions, Geo0171, and you seem to be continuously looking for doomsday.
0 votes
d, , Staten Island, NY
Sat Aug 6, 2011
Although the housing prices has fallen and it may continue to do so for awhile, it is still a great time to purchase a home. WIth the interest rates hovering around four percent and many great homes to choose from, now is the time to look. If you are a first time buyer, this is the perfect time for you to obtain you first home. With FHA loans out there to help you with as little as 3.5 percent down payment, no out of pocket closing costs and the interest rates at historical lows... this is your time. You might not get better terms than this for a long long time.
0 votes
Martina Ryan, Agent, Flushing, NY
Sat Aug 6, 2011
It is all political posturing at its worst. The Republicans are so bent on making Obama look bad coming up to elections that they are risking a default on US assets in order to prove a political point. In reality the US has had no problem financing itself over the last crisis and it shouldn’t down the road. Now as congress decides to play like spoiled kids in a playground the whole nation is spooked and this contagion has spread worldwide. I say get out there and spend. The US wants to keep borrowing; China does not want to spend the dollars recouped from international trade and Europe is about to fall off the table. Now even Australia is getting into the austerity game. Someone needs to step up to the plate & start spending & banks need to stop acting like piggy banks and starting lending. Stop hoarding cash & spread it around! Spend!!
0 votes
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