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Utah's outlook is called 'recessionary'
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Greed is to Blame | 1:54 p.m. Aug. 21, 2008
The real reason for inflated home values in Utah is Greed. It started with
people from out side Utah (Californians) coming to Utah. The house they could
buy in Utah was a mansion compared to the shack they had in California. They
sold out and came to Utah, bidding up the price of houses as they came. This
out of state demand for Utah homes pushed up their values. Then come the money
lenders who sold Utahns on the idea of taking a little money out of the
appreciated house to buy that new SUV, RV, boat, trip, or what ever. All this
new found money from the inflated value of the homes cranked up economy. People
lived beyond their means, enjoying the American Dream. Young couples just
getting started had to tighten up the belt if they wanted a home. Greed and the
fact that so many people owe so much on their homes will keep home values high
for a while. But as the economy slows, because of the slower demand (not as
borrowing against lower valued homes), pressures will cause home values to be
reduced. But greed, not the President, is the problem.
Bountiful Brave | 2:04 p.m. Aug. 21, 2008
To Willbur: What is your point??? Don't ever embarrass your fellow Utahns
with your type of logic again...at least in OC SoCal they can still get $400,000
for a house!!!
Comments continue below
re: 1:54 | 2:22 p.m. Aug. 21, 2008
I always get a kick out of Utahns who like to blame California for their
internal problems.
Can you spell J-E-A-L-O-U-S-Y ?
Utah can only WISH it could be anything like the Golden State.
Can you spell J-E-A-L-O-U-S-Y ?
Utah can only WISH it could be anything like the Golden State.
To Anonymous/liberal | 2:39 p.m. Aug. 21, 2008
Anyone who believes liberals "bail us out" is obviously blind to
reality. I love this country of freedom of speeach, but liberals (mostly extreme
liberals) cause so much grief in this country. I will not go into details
because I get too angry about it.
To Anonymous | 2:55 p.m. Aug. 21, 2008
I see your libral rant on this webpage all the time.
Tell me when was that last time a poor person gave anyone a job?
If you librals tax the rich and tax companies that make profits who is going to give the poor people a job? Karl Marx?
We all know how well that system works.
Economist
Tell me when was that last time a poor person gave anyone a job?
If you librals tax the rich and tax companies that make profits who is going to give the poor people a job? Karl Marx?
We all know how well that system works.
Economist
re: 2:39 | 3:15 p.m. Aug. 21, 2008
The Great Depression was lead by Herbert Hoover.
This conservative refused to believe there were people starving in America (like today's neocons).
When the people had enough, liberal FDR came on the scene and as they say ... "happy days are here again."
Sorry poster, the reason you "get too angry" is too much Rush Limbaugh.
This conservative refused to believe there were people starving in America (like today's neocons).
When the people had enough, liberal FDR came on the scene and as they say ... "happy days are here again."
Sorry poster, the reason you "get too angry" is too much Rush Limbaugh.
magnus | 3:18 p.m. Aug. 21, 2008
Wow!
Really!
the people commenting on this board make me laugh and fill with despair at the same time.
Are we really this ignorant and beligerent and bigoted and dogmatic?
@ So called "Conservatives" and "Liberals"
There is more than enough blame to go around right now so it seems pretty stupid to be blaming someone elses social and polical views when you are as much to blame as anyone else.
"Liberals" think that everyone is entitled to a high standard of living regardless of whether or not they are willing to work for it. They would rather hand a person a loaf of bread and make them fat than teach them how to fish and make them free.
"Conservatives" have let ideology and extremism make them calloused and biggoted. They think that the free market can govern itself and that the rich will take consideration of the poor out of the goodness of their hearts when history has shown repeatedly that that is not the case.
This problem transends politics and social values and until people start making compromises and working for solutions instead of trying to preserve their parties status and power it's only going to get worse.
Really!
the people commenting on this board make me laugh and fill with despair at the same time.
Are we really this ignorant and beligerent and bigoted and dogmatic?
@ So called "Conservatives" and "Liberals"
There is more than enough blame to go around right now so it seems pretty stupid to be blaming someone elses social and polical views when you are as much to blame as anyone else.
"Liberals" think that everyone is entitled to a high standard of living regardless of whether or not they are willing to work for it. They would rather hand a person a loaf of bread and make them fat than teach them how to fish and make them free.
"Conservatives" have let ideology and extremism make them calloused and biggoted. They think that the free market can govern itself and that the rich will take consideration of the poor out of the goodness of their hearts when history has shown repeatedly that that is not the case.
This problem transends politics and social values and until people start making compromises and working for solutions instead of trying to preserve their parties status and power it's only going to get worse.
Liberal's vs. Neacons | 3:20 p.m. Aug. 21, 2008
Liberal plan- We never know. Bash republications for their plans? Point fingers!
Block anything that might show that a republican knew what he was doing!
Neacon plan- Let big business run wild so they can make more money, so that they can in turn get more money. Blame liberals for spending all that money that they want, but in reality they are spending just as fast! Idiots.
We keep voting in both parties. BIGGER IDIOTS!
I am in no way endorsing any third party. Usually even bigger idiots. Third Party Candidates need to step up. This is the opportunity and all we get is Wacko third party candidates.
Neacon plan- Let big business run wild so they can make more money, so that they can in turn get more money. Blame liberals for spending all that money that they want, but in reality they are spending just as fast! Idiots.
We keep voting in both parties. BIGGER IDIOTS!
I am in no way endorsing any third party. Usually even bigger idiots. Third Party Candidates need to step up. This is the opportunity and all we get is Wacko third party candidates.
Other suggestions | 6:14 p.m. Aug. 21, 2008
"Recessionary" is an OK word. Some other suggestions: recessional,
recessionlike, recessionesque, and recessionish.
Remind me again, who am I supposed to be mad at, liberals or neocons?
Remind me again, who am I supposed to be mad at, liberals or neocons?
MinnesotaUte | 8:55 p.m. Aug. 21, 2008
The people to blame are the consumers. People in Utah are very caught up in
"keeping up with the Joneses." Young kids buys Cadillac Escalades and
$400K homes is ludicrous. Additionally, homes are not being competitively built
-- framers paid $12/LF vs $4/LF cannot be supported. Live within your means, and
much of this would not be happening.
What Recession? | 8:56 p.m. Aug. 21, 2008
The Dow Jones average is just under 12,000 points, unemployment is at very near
record low and salaries are at an all time high on average. If there was a
Democrat in the White House we would be told this is the best economy in 50
years! Who says the news media isn't liberaly biased? Don't believe
ANYTHING you see or read from the media except the Fox news channel. The rest of
the news media spins the news, they don't report it. This is just one more
example of that fact! If you lost your house, I am sorry, but it is most likely
because you trusted a dishonest loan shark for your finacing. Live and learn! By
the way, is CNN still reporting we lost the war in Iraq? I haven't watched
them since they reported that news.
Ridgerunner | 9:17 p.m. Aug. 21, 2008
Recession? What recession? The resturants are full, the stores are busy, the gas
stations are still going strong! New businesses opening almost everywhere you
look.Help wanted adds in the windows of businesses all over town. Interest rates
are lower than I remember them being in my life. Recession is a word Democrat
politicians use to decribe the economy when they are trying to unseat the
incumbent administration! Who will ever forget, "it's the economy
stupid" mantra of Bill Clinton! It's always the "economy
stupid" from liberals! Who else thinks everyone but themselves is stupid?
I guess we should be greatful for their "great wisdom"! The only
thing that will put us in a real recession is when Obama gets in office and the
government confiscates 15% more of your income as taxes! That ought to do it
just fine!
Re: Liberals vs Neocons | 9:24 p.m. Aug. 21, 2008
What's the matter buddy, your welfare check late? If you don't like
businesses making a profit, never buy anything produced by a corporation again!
Teach them a lesson they will never forget! What will you do for food, clothing,
shelter or anything else you need?
Ridgerunner Wake Up | 12:27 a.m. Aug. 22, 2008
Open Your Eyes. Restaurants and small businesses going out of business by the
thousands. Don't you read or study? I'm too tired at this hour to go
on and on. You are out of touch.
Van | 10:09 a.m. Sept. 8, 2008
Dear (People in UTAH real estate business)
people posted in this page are doing UTAH real estate business, please don't lie to your self ok? It's not the time for you(People in UTAH real estate business) to lie any more, with playing the number$$$. What kind of skill they have other than selling housing with lying. Lie after lie. Those people made American economy down. Really, what else they can do? In big % of UTAH business are real estate. Really what else they can do more than selling house.
people posted in this page are doing UTAH real estate business, please don't lie to your self ok? It's not the time for you(People in UTAH real estate business) to lie any more, with playing the number$$$. What kind of skill they have other than selling housing with lying. Lie after lie. Those people made American economy down. Really, what else they can do? In big % of UTAH business are real estate. Really what else they can do more than selling house.
law53ut | 10:51 p.m. Sept. 14, 2008
I believe it is time we all step up and start being accountable for the
situation this nation is in. When we went to war everyone was cheering because
we hated what happened to those that were killed on our own soil. Now we are
close to success and everyone is whining because it has had an effect on our
comforts of life. What the hell? Not all, but many are loosing their homes
because they got all caught up in the huge appreciations they were seeing and
decided that they would pull out equity and buy a new boat or an SUV, why not!?
the good times were going to last forever, right! But they didn't and
instead of looking at our own mistakes, taking out loans we knew we
couldn't afford or on a chance that our situations (pay) would be better in
a year when they adjusted, a lot of people gambled. And now it is Bushes fault.
I get sick of hearing that every problem in the world is because of Bush. What
about the islamic fanatic terrorists that plot to destroy us. It seems as though
some (Obama) want to hop in bed with them.
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