Next Stimulus Must Be for the Housing Market: Hays

Just absurd. Who exactly will rent these investment properties from the tax-subsidized investors? This is so wrong in so many ways I have lost count.

This is vintage nonsense of the highest order. The out-of-work construction industry people need to accept a painful reality - those jobs were based on gross over-construction for years and won't come back for a long time. And after the ease with which 'investors' were able to buy properties during the boom, the idea of giving them a taxpayer handout now is obscene.

Stimulas does not work. Get gas back to $2, without the yearly threat of it speculated up 400% and the economy will fix itself. Everytime there is a tax break or a stimulas package gas prices spike. Look at GW's $600 tax credit in 08' and now the 2% Social Security tax in 11". It amazes me that more people don't realize this!

Don hays is full of crap. He is nothing but an old socialist.

One look at this shriveling retirement home escapee and you are seeing the face of whats wrong. Backwards ideas! Jobs are the answer, take a look at South Dakota. Lots of jobs there in the oil field, so many that workers are renting rooms in homes. Trailer parks are full with workers. High wages for service workers are a secondary plus there, as they are in short supply. By the way homes there are in short supply with all the influx of workers. The answer is: Jobs in the area, then the houses will all full up.

Let's see.... The banks use what is called fractional reserve lending. Which means that they can write more loans than they actually have on deposit. So the banks write/give loans to people who, in many cases, they knew couldn't pay it back. They go through forclosure, and the bank obtains the property. So the banks basically obtained these properties, from money they loaned to people, that never really existed in the first place. Then they receive a tax payer bailout. They have been hanging on to this money and making it harder for people who do pay their bills to even obtain loans. So they receive properties on a fraudulent basis, receive a bailout on the tax payers dime, and the little guy is left to keep on working, and being a slave to this corruption. The homeowners should receive some sort of help. What about every homeowner who is current on their mortgage be allowed to add 6 month's on to the end of their loan/mortgage, and be able to coast on their payments for 6 month's? It wouldn't be with tax dollars, and for six month's the American worker could have a break, and get back on track. Most families would greatly benefit from an extra $8,000 or so. But the fools keep voting these pukes into office. WAKE UP PEOPLE!

We just went through this Debt Ceiling ordeal and it's back to #$%$ normal. Lets spend another half to a whole $Trillion. Uh Huck a Huck well heck it's worth a try don't ya reckon? A Huck.

What next? Just another attempt from the President and the Dems to buy more votes for the upcoming elections. I just wish they would use their own money and not steal it as they twist and use the law to cover their illegal ways.

THE DUMBEST REPORTER EVER!!!!!!!!!!!!!!STIMULUS WORKS IN THE BEDROOM, NOT THE ECONOMY YOU DUMBSHIT

This dum #$%$ need to put his money up first and see if it works.

The cost of housing has been out-pacing wages since the seventies. I'm a moderate liberal but I think the government should stay out of the housing market. Let the prices come down to equilibrium. Then people will buy.

Another reminder of the result of Conservative economic policy! Sadly this whole mess started under Clinton when he been deregulation near the end of his second term! The Bush family threw a party deregulating us right to where we are today! With so few rules left Wall Street still managed to crash the economy and find some laws to break!

The government say: Let's artificially stimulate the businesses we want to succeed by taking money from people and businesses who are actually succeeding.

30k in suplies but 250k for the house...
more rampant greed.
...and they still wonder people aren't buying.
Its like they are waiting for the "bubble" to re-inflate!

Time to roll the price of everything *EVERYTHING* to the 80's prices.
...greed was always there, but thats when things changed from a fair price to screw the consumer.

speaking of housing,why is it that HUD does not buy up repossessed houses or foreclosures to house their sec 8 people.it would make more sense to do this and the money they get for rent on their properties would be put back into government housing dept.it seems like this would solve some problems with the financial situation of the government.i mean look at the prospective of this comment.if people are renting to buy the property ,this would save sec 8 and hud millions of dollars.

If there is another stimulus. the onlyone that will work is:

Give all workers age 55+ $500,000 ea tax free (means tested. No millionare bailouts!) to leave the work force Just require them to pay off their mortgages and buy an American car. Let them migrate back to work, if they need to, in 5 years.

Then there will be enough job openings to go around!

NO! NO! NO! NO! NO!
No more govt stimulus!
Just get out of the way, get rid of Obamacare and Dodd/Frank et al and JUST GET OUT OF THE WAY!!!
Progressive Idiots!

speaking of housing,why is it that HUD does not buy up reposessed houses or foreclosures to house their sec 8 people.it would make more sense to do this and the money they get for rent on their properties would be put back into government housing dept.it seems like this would solve some problems with the financial situation of the government.i mean look at the prospective of this comment.if people are renting to buy the property ,this would save sec 8 and hud millions of dollars.

NO MORE "so called" Stimulus!! We are broke..We dont need to borrow more money from China!!

You can't build homes economically in California. It costs over $50,000 in fees, and that's before you break ground! Cost of land has not gone down enough! I do not agree with hiring illegals, you get what you pay for!