U.S. Foreclosures Continue to Soar; NYC Still Not Bleeding

How can you leave out Ed McMahon?

Posted by: guest at June 6, 2008 9:41 AM

Where is the partisan Republican shill who will claim that the economy is actually in good shape?

He will also claim that todays largest increase in unemployment rate in 30 years is alsoa good sign.

He will then argue that the war in Riaq is going well and is good for American Foreign Affairs.

Posted by: guest at June 6, 2008 10:11 AM

where's the real t-what when you need 'em?

Posted by: guest at June 6, 2008 10:14 AM

10:11, The economy is in good shape. If you knew anything about anything, you would realize it. Not my fault you're stupid.

Those unemployment numbers disguise the real fact that America is the greatest country on Earth. If you don't like it, I hear Communist Cuba is looking for residents.

The War in Riaq is indeed going very well, thanks for asking. Maybe if you loved your country, you'd be over there helping to guarantee freedom for all Riaquis.

Posted by: guest at June 6, 2008 10:39 AM

laurie - properties can go into lis pendens for all sorts of reasons other than mortgage payment delinquency, so that view would give you an overestimation.

Posted by: guest at June 6, 2008 10:45 AM

"Whopping" 177 in Queens? Could this have something to do with Queens having a population of over 2,000,000, and the smallest percentage of renters and the highest percentage of single-family houses in the five boroughs? Just asking.

Posted by: guest at June 6, 2008 10:46 AM

Wow!!! 5.5% unemployment, only 27 million more people have to be laid off and we will be at Depression level unemployment.....

Posted by: guest at June 6, 2008 11:23 AM

What's an ass who really needs to go back to grade school and learn to write a sentence.

Posted by: guest at June 6, 2008 11:27 AM

Wake up 11:23 AM

That number is only 'unemployed'. It doesn't count the people who couldn't find a job and unemployment benefits have dried up.
It also doesn't list all the middle management white collar workers who were makeing 50-90K a year and are now making 25K at Walmart.

Posted by: guest at June 6, 2008 11:43 AM

Dear PArtisan Republican Shill

Please tell the stock market how good the economy is. It is getting killed today based upon "bogus" bad economic reports.

Please also tell the 1,000,000 dead iraqi's how well the war is going.

also - 1 question. Since McCain has publically threatend to bomb Iran "bomb, bomb,bomb,bomb, bomb, bomb, Ian"

If he is elected president doesnt Iran have the right to Pre-emptively attack the United States? This is the same logic the Bush used to attack Iraq

Posted by: guest at June 6, 2008 12:04 PM

Yes Biff - In the rest of the USA people make less than in NYC. 50-90K is pretty good.
NYC isn't a little bubble, no matter how much we'd like to think so.

Posted by: guest at June 6, 2008 12:15 PM

NYC looks strong and it is . This is the Financial capital of the WORLD>

Posted by: guest at June 6, 2008 12:24 PM

you people are all retards. The guy said "freedom for all Riaquis." d'ya think he was being sarcastic? Could be.

Posted by: guest at June 6, 2008 12:44 PM

"A worker making $50K a year is considered white collar?"

Yes. "White collar" has nothing to do with how much you make, only what type of work you do.

Per Wikipedia: "White-collar worker refers to a salaried professional or a person whose job is clerical in nature, as opposed to a blue-collar worker whose job is more in line with manual labor."

Posted by: guest at June 6, 2008 1:40 PM

I'm the Republican Shill and you folks had better have your lapel pins on... because I will pin them ON you if you don't!

Posted by: guest at June 6, 2008 1:46 PM

Do any of the foreclosure statistics indicate the astrological signs of the homeowners?

I'm betting there are more Pisces in foreclosure than any other sign.

Posted by: guest at June 6, 2008 4:42 PM

Foreclosures only happen when two things combine: overextended people get in trouble (unemployment, sickness, divorce) (or took on adjustable mortgages that were hopeless from the get-go) AND they can't sell, pay off the mortgage and move on.

This means that foreclosures only go up AFTER the market has begun to go down. As long as the market is relatively stable, people with individual crises can sell to people who are doing ok, and no one gets foreclosed upon.

So even the tiny number of foreclosures we are now seeing are cause for concern. They mean that someone, somewhere, was unable to sell their house for enough to cover the mortgage, even though the foreclosure process in NY takes over a year. There will always be a few people who are just too dysfunctional to handle a sale, but the numbers today suggest that the REAL sales prices are down enough in some neighborhoods to wipe out some people's equity.

Posted by: guest at June 6, 2008 5:10 PM

you can almost feel the joy in their posts, these liberals who want nothing more out of life than to see the United States doing poorly.
Hurray, some economic bad news.
Hurray, another step towards not having to explain to my family why I have no money, no career and no future.
If I hope strongly enough maybe we can be in a depression by the time my high school 20 year reunion comes by and I won't have to explain why I have nothing to show for the last 20 years but a 5 hour a day computer habit.

Come on recession....
lol,
silly rabbits,
see you here next week when the economic numbers even out again.

Legion

Posted by: guest at June 6, 2008 7:08 PM

by the way, bxgrl,
I appreciate you thinking of me while I was away today.
I was hard at work, after all, millions on welfare are depending on me.

Legion

Posted by: guest at June 6, 2008 7:12 PM

i think this is the lamest thread i have yet read on brownstoner. please spare us the low level cliched political "discussions."

Posted by: guest at June 6, 2008 7:49 PM

Legion is the human version of a player piano roll. Play that old time rag!

Posted by: guest at June 6, 2008 11:01 PM

Is a Republican someone who believes in the power of happy talk to change reality? I thought that faith in happy talk was the mark of the evangelists, that Republicans were more focused on taking money from the middle class to give to the rich (in the old days) or to business buddies (in the Bush days) or using the lower classes to fight pointless wars. Live and learn.

Posted by: guest at June 7, 2008 6:26 PM

Fiction: "Republicans were more focused on taking money from the middle class to give to the rich"
Fact: Republicans are the party of Abraham Lincoln, Theodore Roosevelt and Ronald Reagan. Men of action and history, one saved the nation and ended slavery, one established the United States as a world power and solidified this nation's dominance on the world stage (yes dominance, there are still men with testosterone out here), the last basically ended the titanic struggle between a failed ideology ( founded on the idea that man at his best is only as good as the most mediocre: communism) and democracy which is based on the spirit of the individual and the idea that man's best is achieved through a full freedom of expression.

Fiction: "...taking money from the middle class to give...to business buddies (in the Bush days.

Fact: That would be the Clinton administration that gave US military secrets to the North Koreans through the Loral Deal, allowed the Chinese Government unprecedented access to the US Presidency through operatives like Johnny Cho and "bhuddist donations", was involved in scams like Whitewater, Rose Law firm deals and who could forget the last minute pardons for pay scandals; Frank Rich; a convicted billionaire embezzeler and tax cheat pardoned for a donation to the Clinton Library. Then of course : IMPEACHMENT.

Fiction: "....using lower classes to fight pointless wars."
Fact: recent studies on the US military reveal that the average US soldier is better educated and comes from a higher socio-economic strata than your average American. Look it up if you don't believe me. and yes, Republican politicians have family in Iraq and Afghanistan:look up Republican representatives from California (like D.Hunter), Missouri, Florida and South Dakota to name a few.

When Liberals and Dems stop talking bullsh.t and actually take the time to realize that Republicans are Americans, that we are not the enemy, that we have legitimate and valid points of view, then we can begin to start talking about an actual change in this nation.

Legion

Posted by: guest at June 7, 2008 10:39 PM