Minneapolis home prices drop... again

More "affordable" housing. This time via the market not our progressive friends that helped get us in the problem in the first place with that touchy feely "affordable" housing b.s.

Property values: down
Property taxes: up again!
These Democrats spend money like it's going out of style, and, now a new stadium on top of it.

Taxes go up values go down!

Minneapolis continues to give away housing which isn't on the tax roles. So more and more realestate ends up off the tax roles and those properties paying taxes end up paying more and more taxes which causes property values to plummet even more.

Bottem line is that liberal solutions of drawing more and more people to the free life on the dole are NOT sustainable.

Sorry RT and all you ignorant as rocks libs.

"We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."

- President George W. Bush, Oct. 15, 2002

The global financial system was teetering on the edge of collapse when Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, "scared the hell out of everybody."

It was Sept. 18. Lehman Brothers had just gone belly-up, overwhelmed by toxic mortgages. Bank of America had swallowed Merrill Lynch in a hastily arranged sale. Two days earlier, Bush had agreed to pump $85 billion into the failing insurance giant American International Group.

The president listened as Ben Bernanke, chairman of the Federal Reserve, laid out the latest terrifying news: The credit markets, gripped by panic, had frozen overnight, and banks were refusing to lend money.

Then his Treasury secretary, Henry Paulson Jr., told him that to stave off disaster, he would have to sign off on the biggest government bailout in history. Bush, according to several people in the room, paused for a single, stunned moment to take it all in.

"How," he wondered aloud, "did we get here?"

Eight years after arriving in Washington vowing to spread the dream of home ownership, Bush is leaving office, as he himself said recently, "faced with the prospect of a global meltdown" with roots in the housing sector he so ardently championed.

Internet Hypocrites wrote:

Property values: down
Property taxes: up again!
These Democrats spend money like it's going out of style, and, now a new stadium on top of it.

that is what you get when we elect a muslim as president, vote barry out in nov.