HELP! Repub. publishing on my site -> I need ammo

[Enrico]

I don't have a lot of info to back up a response to the following post on my website... but I want to counter with some good info/facts/etc.
Anyone help me out?

I posted a Bush lie of the day: ""Home ownership is at an all time high"

The fact is... ever since the U.S. has been recording home ownership in 1965, home ownership climbs. So, every year home ownership is at an all time high.


Repub said: "Interest rates (while Bush has been in office) have been at an all-time low. The mortgage industry (including where I work) has been booming throughout this downturn in our economy due to the fact that Greenspan has made rates so slow. The fact that homeownership is so high is a byproduct of the interest rates being exceptionally low, byproduct of economy being so bad, byproduct of a terrible terrorist attack on our nation, byproduct of the muslim world hating the US's stance on virtually everything related to the Meddle (I mean Middle) East . . . .

Yeah it may seem like a "LIE", but in all actuality: many.many, many of my coworkers and friends have become v. rich from working in the mortgage industry during these bad economic times."

[alittlelark]

1. Your co-workers are fortunate parasites

The makers of body bags and bombs did well too

[Nicholas D Wolfwood]

2. Ammo for what? He didn't disprove your point.

And further, that the mortgage industry has gotten richer is another sign of the people with money wielding more strength over those without.

[tanyev]

3. A little info in this thread

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x2326113

[troublemaker]

4. Interest rates are low because the economy is stagnant. That's not even

debatable -- that's the stated reason rates are so low. The economy has been kept limping along through fake growth in the form of mortgage refinancing.

[uhhuh]

5. Thank Him

It was nice of him to not dispute your point.

His little rant proves your point. He even agreed that the economy is in terrible shape.

Using his logic, we should thank the terrorists that more people are home owners.

But you may want to point out the record numbers of foreclosures going on right now, a byproduct lenders relaxing the requirements on loan qualifications that were designed to make sure people could afford the property they buy, byproduct of the sky high inflationary prices at which property is being valued at.

The fact that more people continue to buy homes, like they always do since population continues to increase, is BAD thing, since wages have gone down and housing prices continue to rise.

All those adjustable rate mortgages are going to adjust eventually, and those who could squeak by, paying 40% of their income on their mortgage now are going to be priced out of their homes when the rates tick up.

This guy won't care though. He is the middleman and has already got his commission

[Enrico]

6. All great points!

Thanks everyone... great points... I will use them tonight....
If you feel like replying to this guy yourself he's on:
http://fightingcricket.com/forum.htm
and then under the Political Discussion -> Bush's LIE of the day