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Friday, May 09, 2008

More evidence that this Mortgage crises is brought to you

By Rodney Graves on May 9, 2008 at 02:35 pm
4 Comments
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by our “friends” on the left.

My original thesis (This Mortgage Crisis brought to you...) resulted in an interesting discussion.  When I went back to original sources (thanks, dirl126, and yes, they are from different sources), I found two additional graphics (presented by Fed Chairman Bernanke) which further support my thesis:

Non-Owner Occupied Home Purchases by County (2005 through 2006)

and…

Change in House Price Index by County (4th quarter 2006 to 4th quarter 2007)

So we have a very close correlation between non-owner occupied and delinquency rate…

And the classic consequences of an artificially inflated market.

As well we have the correlation to “blue” counties from the previous post (shown below the fold for reference).

So, it looks like our mortgage crises arises from our blue voting population who bought on speculation. 

That bail out is looking worse and worse in terms of advisability.

Comments

realitybasedbob

So does CaptiousNut from Marginalizing Morons know that this is your thesis now?

“If a conservative is still a republican after the last 13 years, he is blind to the fact that his party of choice has failed him utterly.” – Realitybasedbob

realitybasedbob on May 9, 2008 at 05:49 pm
Sparkie Arbuckle

Rodney
Rough correlation at best. Look at Vermont, which is all I can take any credit for; blue state, red governor, and no mortgage crisis.

rasberry

Sparkie Arbuckle on May 10, 2008 at 07:17 am
Rodney Graves

Vermont doesn’t seem to show much non-owner occupied, which is closely correlated to the areas with the largest mortgage issues.  How has net population varied over the last decade?  I’d bet on static to declining…

Out Here
Rodney G. Graves

Ceterum censeo Parthia esse delendam
Latin: “Furthermore, Parthia (Persia aka modern day Iran) should be destroyed.”

Rodney Graves on May 10, 2008 at 08:45 am
Rodney Graves

"blackwater"boob,

Captious Nut from Marginalizing Morons’ thesis was red state/blue state vs. the mortgage crises.  Mine (which gave full credit as to sources of inspiration, a practice you should follow) was at the county level.

No wonder you’re so fact adverse; the facts always seem to go against you.

Keep on rollin “blackwater”

Out Here
Rodney G. Graves

Ceterum censeo Parthia esse delendam
Latin: “Furthermore, Parthia (Persia aka modern day Iran) should be destroyed.”

Rodney Graves on May 10, 2008 at 10:43 am
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