Bonfire of the Absurdities in News New Format

Home prices fell in December in most US cities

Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices. Yes, that’s the AP doing it’s journ0listic objective best to spin this story positively. “Sales gains” don’t do crap to “lift prices” until there are more buyers than sellers, but it took them until the last paragraph to notice the piece of lead holding down their baloon: foreclosures.

Next Read: Institute of Justice: Obamacare's individual mandate violates a cardinal rule of contract law—to be enforceable, all agreements must be voluntary. »

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (2)

poppajoe49 says:

February 29, 2012 at 5:03 am

This is just another effect of the Affordable Housing Mandate!
Houses are worth less, so they're more affordable! Too bad you lost money on your house, you have to give the destitute a chance to own a house. Property values be damned!
jukin says:

February 28, 2012 at 10:52 am

One of the major themes of this election should be "Are you better off now than you were four years ago?"

Only the 1% of the population that are 0bama and demokrat party campaign bundlers are doing better. By all outwardly appearances the USA under 0bama is turning into an African third world country.