Metro Atlanta housing prices plummet

We kicked off the week talking about the economic challenges facing metro Atlanta and the region’s need to adapt to suit the modern real estate marketplace.

Yesterday, we got a rather harsh confirmation that change is indeed necessary. According to the latest S&P Case-Shillernumbers, housing prices in the 20 largest metro areas fell by 3.5 percent from February 2011 to February 2012.

In the 28-county metro Atlanta region, however, the year-to-year price decline was 17.3 percent, easily the largest drop in the nation. The decline was twice as large as that in Las Vegas, the second worst-performing metro region in the country.

As the Case-Shiller analysts put it:

“Phoenix and Atlanta stand out this month in terms of their contrasting relative strength and weakness in the early 2012 housing market. At one end of the spectrum, we have Atlanta posting a double-digit, and lowest on record, annual rate at -17.3%. Atlanta has now recorded five consecutive months of double-digit negative annual rates and seven consecutive monthly declines. On the other hand, Phoenix has posted two consecutive months of positive annual rates, with its latest being +3.3%, and five consecutive positive monthly returns.”

Five years ago, housing values in Atlanta were comparable to those in Charlotte, Dallas, Denver and Cleveland. In fact, Atlanta was a close second to Denver among those five. But as the chart below documents, that’s no longer the case.

housing

I don’t think you can look at that data and shrug it off as a momentary blip. It’s also not the inevitable consequence of the larger national economic situation. This is a long-term problem, and it’s a metro Atlanta problem.

– Jay Bookman

447 comments Add your comment

stands for decibels

April 25th, 2012
10:44 am

None but the exceptionally bored are ever going to click on Youtube links posted by barely literate right wing propagandists, Joseph. Just so you know.

USinUK

April 25th, 2012
10:44 am

FWIW … as much as I like Jay’s graph … (and I do) …

I think this graph from C-S is FAR more telling about house prices

http://www.ritholtz.com/blog/wp-content/uploads/2008/12/case-shiller-chart-updated.png

what we’re seeing is a return to reality … not the end of the world as we know it

Joseph

April 25th, 2012
10:44 am

JamVet

April 25th, 2012
10:45 am

Doggone at 10:38,

The consequences of having ZERO intellectual curiosity and barely being able to spell the word research.

But I was wondering who would be the first gargantuanly uninformed rube to blame only Barney Frank.

Kudos, Jack…

USinUK

April 25th, 2012
10:46 am

“Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency….”

(hand raised)

meeeeeeeeeeeeee!!!

I can!!!

Adam

April 25th, 2012
10:46 am

Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency….

Yup.

Lord Help Us

April 25th, 2012
10:46 am

‘Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency….’

Yes.

GT

April 25th, 2012
10:46 am

Mass weapons of destruction, read my lips….

zeke

April 25th, 2012
10:46 am

I no longer live in the Atlanta area, THANK GOD! I did live there from ‘83 through ‘93, and, from my own personal experience I can tell you that houses ITP and OTP were grossly over priced! Several different times over that period we looked to upgrade to a slightly larger home in maybe a little better neighborhood. Each time, when trying to get a real value of the house and property, I could not get an answer from the real estate agent as to the actual heated square footage of the house! Reason? I was told that the size or square footage did not matter and had no relation to the actual value! HOW STUPID! We finally bought a home in the Austell, South Cobb county area! Looking back, the pricing of the houses was so over priced, even in those years that the collapse of the last few years was indeed warranted!

Joseph

April 25th, 2012
10:47 am

Good thing young people are finally waking up to understand Obama is an absolute failure….

http://nation.foxnews.com/president-obama/2012/04/25/cu-boulder-student-blasts-obama

Granny Godzilla - Union Thugette

April 25th, 2012
10:47 am

Joseph

ME ME ME

I CAN

I CAN

Straight face, happy face….my face.

(pretty cute too)

USinUK

April 25th, 2012
10:47 am

have a new job with a company I la-la-LOVE … and we’ve been hiring like mad out in the states …

Joseph

April 25th, 2012
10:48 am

Only the far left zelots could say yes. You average ordinary non political person would never say that.

Adam

April 25th, 2012
10:48 am

Alright Joseph, you HAVE convinced me that Obama is using the line of attack pointing out the policies of the Bush admin and their effects.

Also, you outbid GS, so you win.

TaxPayer

April 25th, 2012
10:48 am

ME! TOO! Joseph. Much better off since Obama took office. Sorry to hear that you apparently are doing worse.

USinUK

April 25th, 2012
10:48 am

Granny – hope you, the Zillettes and the Zillini are doing well …

:-)

JamVet

April 25th, 2012
10:48 am

Better off today than when the (W)orst ever was in office?

Hell no!

Bring back George!!! Bring back George!!! Bring back George!!!

Doggone/GA

April 25th, 2012
10:49 am

“Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency”

Yes

Lord Help Us

April 25th, 2012
10:49 am

‘Good thing young people are finally waking up to understand Obama is an absolute failure….’

More easily debunked BS…


The Harvard University Institute of Politics survey of voters ages 18 to 29 showed Obama leading Mitt Romney 43% to 26%, up from the 37% to 26% head-to-head matchup in December.’

Joseph

April 25th, 2012
10:49 am

Just look at the right track wrong track polling… Most folks think Obama is leading us down a path to destruction….

Adam

April 25th, 2012
10:49 am

Only the far left zelots could say yes.

No, I have a better job and a good relationship and so on. I don’t credit Obama with this, but I AM better off than I was before he took office. For the most part, trying to link the two together is a dangerous game for anyone trying to unseat the incumbent.

Aquagirl

April 25th, 2012
10:50 am

Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency

Me. Plus a few hundred thousand non-chickenhawks who have one less war to get them killed, bust up their marriage, or generally ruin their lives for no particular reason.

Brosephus™

April 25th, 2012
10:50 am

Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency….

Yeah, I can. What’s your point?

What is the Value?

April 25th, 2012
10:51 am

stands for decibels

April 25th, 2012
10:51 am

this graph from C-S is FAR more telling about house prices

I’ve seen it before and yeah, it is scary, because there’s no real reason to assume anything’s over yet.

Bruno

April 25th, 2012
10:51 am

As much as it pains me to defend Jay :) I think his more comparison of major cities is more valid. The list you provided includes major cities, cities and small towns.

Sorry, Steve, I’m working right now and threw up the first link I found. In scrolling back through previous pages, I see someone else put up a list of larger cities. From my memory, Las Vegas is often listed as the hardest hit market, along with Phoenix.

The bigger point today, Steve, is that the Law of Supply and Demand is immutable. Housing prices, like the prices of any commodity, are directly related to whether there is an oversupply or undersupply. As such, I view today’s column as sort of a Rorschach Test–people will see what they want to see beyond that simple market principle. Jay already tipped his hand a few days ago, complaining that his preferred urban model of high density housing combined with public transportation isn’t being followed here in Atlanta. I’ll look back through the other posts, and will provide my “psychological evaluation” of some of the other posters here in a minute.

USinUK

April 25th, 2012
10:51 am

awwwwwwwwwwww … poor Joseph … economic confidence is at a 4-year high

http://www.gallup.com/poll/154076/Weekly-Economic-Confidence-Steady-Near-Four-Year-High.aspx

whatever shall he do!!!

Mighty Righty

April 25th, 2012
10:52 am

Monday, Jay tried to convince us that there was a burning desire for people in the suburbs to move to the city where they could walk to stores. In fact among the youth, the desire for a drivers license was dwindling. The only thing holding back this pending exodus from the burbs the the inner city was out touch government. The unstated message in my opinion is the get the people in the burbs to finance transportation for the people in the city. It is part of the redistribution of wealth the left so believes in. I am one of those guilty burbians. I am active in several organizatiobs where I have made the acquaintance of many. I know of no person who desires to return to the city. Frankly, there is nothing in the city that will improve our lives. Business has long known that the quality of work force residing in the burbs is superior to that available in the city and that work force will work for less rather than fight the time and traffic required to work in the city, let alone the parking problems, crime and other inconveniences. This will come as a big shock to city dwellers but we have modern stores of all types, excellent resturants, convenient entertaiment. I can’t think of any quality of life benefit available in the city that we don’t have access to in the burbs.
We are in the idst of the worst recovery from a recession in my lifetime with no relief in sight. This is not the time to dream up ways to go into debt for individuals or governemnt. If you like the city, stay there. We in the burbs are happy whee we are. Things may get a lt worse.

Joseph

April 25th, 2012
10:52 am

It honestly looks like the far left now has complete control of the democrat party… Thats sad really because the country is still obviously center right still…

http://www.foxnews.com/politics/2012/04/24/rep-holden-becomes-second-house-incumbent-ousted-by-challenger/

Lord Help Us

April 25th, 2012
10:52 am

Joseph, are you worse off?

If so, do you blame the gov’t for your woes?

Please do not expect the gov’t to make up for your poor choices in life…

stands for decibels

April 25th, 2012
10:53 am

Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency

(wavin’)

getalife

April 25th, 2012
10:53 am

Good for you joe.

stands for decibels

April 25th, 2012
10:54 am

You know what this thread needs? more off topic foxnews.com linkees.

getalife

April 25th, 2012
10:55 am

The libs are finally getting rid of the blue dogs.

Congrats libs.

Proud to be me

April 25th, 2012
10:55 am

My daughter and son-in-law are upside down with their house/mortgage. It is a shame that all the blame seems to be on the financial institutions. What about all the nar-do-wells who bought into the “American Dream” our political leaders (and I use the word “leaders” loosely) created by Fannie Mae . . . knowing fully well the real estate bubble was imminent. As a result the ones most hurt are people like my daughter and her husband who are working hard to make their payments in an economy that has gone to the dogs, paying on a mortgage that is far more than the value of their home and nothing, absolutely nothing is being done to help these people. If even if they refinance (as they have done) there is still no way they can sell their home for what it is valued and for what their mortgage is and expect to at least break even – they still come out in the red! Financial institutions are regulated by the government, or at least should be. You can’t tell me that the political creeps in Washington didn’t have a clue. Point the finger at the real source of this debacle!!

Paul

April 25th, 2012
10:55 am

Brosephus – USinUK

“it took 3 hours and 16 mins before Barney Frank’s name appeared.”

If this blog had more of an international demograpic we’d then here “Bwaney who?!!?” “and just how did he crash my country’s housing market?”

Then we’d spend more time trying to explain that yes, Americans really do know what they’re talking about -

Adam

April 25th, 2012
10:55 am

It honestly looks like the far left now has complete control of the democrat party

Well it’s about time they stopped going right chasing the Republicans.

You happen to be wrong about that being the “far left,” but whatever. Here’s some actual data: http://voteview.com/blog/?p=317

Steve - USA (I support "None Of The Above")

April 25th, 2012
10:56 am

“Please do not expect the gov’t to make up for your poor choices in life…”

If only Democrat’s would listen to you. ;)

TaxPayer

April 25th, 2012
10:56 am

Perhaps Joseph is one of those Atlanta area home builders that’s waiting for the market to turn around.

Joseph

April 25th, 2012
10:58 am

Last night we had Romney addressing the serious issues…. Meanwhile you had the President on a late night program making jokes.

USinUK

April 25th, 2012
10:58 am

JKL2

April 25th, 2012
10:58 am

Can you libs point to an example of where Obama looked like a real leader?”

If you look real close you will see our fearless leader sitting at the kids table over in the corner. If I had to point to the “leader” in this picture, obama wouldn’t make the top 10 guesses.

http://en.wikipedia.org/wiki/The_Situation_Room_(photograph)

USinUK

April 25th, 2012
10:59 am

Doggone/GA

April 25th, 2012
10:59 am

“Last night we had Romney addressing the serious issues…. Meanwhile you had the President on a late night program making jokes”

Last night you had Romney addressing the serious issues…. Meanwhile we had the President on a late night program making jokes

Adam

April 25th, 2012
10:59 am

Government has a safety net to make up for circumstances beyond a person’s control, and to give people who make bad choices chances to learn from their mistakes instead of DYING. An attempt to dismantle the safety net is basically saying you don’t care about all that. An attempt to FIX it so that people don’t take advantage is fine, as long as it’s based on real problems and not made-up stuff.

St Simons - codewords are the new black

April 25th, 2012
11:00 am

Class welfare??? what a code word, bravo. (polite golf clap)

Its ignorant, meaningless, spits out fast on the AM radio,
and it sounds like “class warfare” hey, got “class” in it, starts
with “w” ends with an “r” sound, must be the same thang, duh.
gobble it up like good little dittoheads.

TaxPayer

April 25th, 2012
11:00 am

Poor Joseph. If only he believed. You have to believe that you can do better, Joseph, and you will. Believe, Joseph. I would say “HEAL” but I cannot reach your forehead from here.

Steve - USA (I support "None Of The Above")

April 25th, 2012
11:00 am

All these polls. Just because so many people buy McDonalds hamburgers doesn’t make them the best hamburger.

Brosephus™

April 25th, 2012
11:01 am

Only the far left zelots could say yes. You average ordinary non political person would never say that.

Wheeeee doggie!!!! Those goalposts have a 5.7L Dual Supercharged Turbo V8 with a HEMI. :lol:

getalife

April 25th, 2012
11:01 am

jk,

He was a nervous wreck but got him.

Thanks for listing that accomplishment.

Aquagirl

April 25th, 2012
11:01 am

Last night we had Romney addressing the serious issues…

Oh? And what were his solutions this week?

Don't Forget

April 25th, 2012
11:01 am

Can anyone say with a straight face that they are better off now than they were when Obama assumed the Presidency….

No doubt about it! My old 401k has recovered completely, I have a better job, I’ve been able to make extra payments on my mortgage and my new 401k is doing well. I’m still concerned about the 8% unemployed but 5% unemployment is considered full employment due to job changers and the chronically unemployed. No doubt about it, I’m better off as are most Americans.

JB

April 25th, 2012
11:03 am

Just announced. Durable goods just dropped 4.2 %…biggest drop since Jan 09……..Economy is flat…………Keep drinking what Obama is serving. He’s a total failure on the economy. Total. But, it’s really not his fault. He’s clueless……….with clueless people around him advising him.With an agenda.

USinUK

April 25th, 2012
11:03 am

“Can you libs point to an example of where Obama looked like a real leader?””

you mean in addition to going into Pakistan and taking out Osama bin Laden???

stands for decibels

April 25th, 2012
11:03 am

we have modern stores of all types, excellent resturants, convenient entertaiment.

yeah, nothing says “excellent” like cookie-cutter corporate chain outlets.

Kamchak ~ Thug from the Steppes

April 25th, 2012
11:04 am

You know what this thread needs? more off topic foxnews.com linkees.

AKA “rabbit holes.”

SSDD

Granny Godzilla - Union Thugette

April 25th, 2012
11:04 am

Joseph

Step and take personal responsibility for your failures.

It your thing….do what ya’ wanna do….

I can’t tell ya’…who to sock it to

Paul

April 25th, 2012
11:04 am

“Can you libs point to an example of where Obama looked like a real leader?””

You’d think the Right would be ecstatic over ordering 30,000 additional troops to Afghanistan and killing, not capturing, terrorists and ordering the successful strike on Anwar al-Awlaki.

But maybe they’ve turned over a new leaf and they’re all civil libertarian pacifists?

Let the deflections begin.

Brosephus™

April 25th, 2012
11:04 am

It honestly looks like the far left now has complete control of the democrat party…

Leave it up to the Democratic Party to be so friggin’ behind times.. GOP embraced the individual mandate in the 90’s, and the Dems finally came around in the late 2000’s. Now the Democratic Party is starting to purge moderates. That ship sailed a long time ago in the GOP.

stands for decibels

April 25th, 2012
11:04 am

And the saddest thing about the ‘burbs is how the sh-ttiest restaurants—the Olive Gardens and Red Freakin’ Lobsters and don’t even get me on the ghastly horror that is Longhorn—ALWAYS have lines outside on Friday nights.

I try to be understanding about my fellow man, but I see that and all can do is mutter to my better half and my kid, “these people are too stupid to breathe, and they deserve the sullen service and the crap food they’re paying entirely too much for.”

Bruno

April 25th, 2012
11:05 am

JamVet: Not only are our politicians some of the most corrupt and inept in the country, our titans of commerce are as well. This state had a record number of bank closings, costing innocent people hundreds of millions of dollars. With virtually no justice for the criminal negligence therein, of course.

ME: Georgia’s legislators repealed Barnes’ efforts in the next legislative session, and the unscrupulous banking practice continued in Georgia, which later became a national focal point for the national financial collapse of 2008 because of Georgia’s heavy investment in the home mortgage bubble, which collapsed.

I guess I shouldn’t have been surprised by the responses of Jam and ME. No mention of personal responsibility or any other factor for that matter. All the fault of the greedy bankers.

carlos came out of the shoot blaming crime, a reasonable assertion, though Jay countered by saying that crime is falling ITP. Of course, if you compare the crime rates in Cobb and Gwinnett (even with their gang problems) to those of DeKalb and Fulton, the choice is crystal clear. Much safer in the ‘burbs.

USinUK

April 25th, 2012
11:06 am

:lol:

I love it when people start pulling out economic indicator headlines when they have no effing CLUE what they’re talking about

when you exclude non-military aircraft, durable goods investment GREW, you numpty – making economists think that economic growth will be STONGER than previously thought

Sales of non-military capital equipment excluding planes climbed for a second month, prompting some economists to raise first-quarter forecasts for gross domestic product

http://www.bloomberg.com/news/2012-04-25/orders-for-u-s-durable-goods-drop-by-the-most-in-three-years.html

JamVet

April 25th, 2012
11:06 am

You average ordinary non political person would never say that.

As always with Joseph’s compelling, fact-filled essays, I’m convinced…

ESPECIALLY when he uses an absurdly partisan op-ed Faux News link. (eye roll)

Mighty Righty

April 25th, 2012
11:06 am

US in UK, Nice try. You put lip stick on a pig. Really! 41% all of whom are Deflectocrats!

Last week, forty-two percent of Americans said the U.S. economy is “getting better” while 53% said it is “getting worse.” Four in 10 (41%) consumers rated the current economy as “poor,” while 15% rated it excellent or good. All of these ratings are close to those Gallup found when the index peaked during the week ending March 25.

Democrats’ Economic Confidence Ties Two-Year High

Democrats remain more positive than independents and Republicans on Gallup’s Economic Confidence Index, as they have for the past several years. However, the range between these ratings has increased in 2012, with Democrats’ score of the past two weeks, +13, matching its two-year high.

Joseph

April 25th, 2012
11:07 am

Lord Help Us:

Absolutely I’m worse off and if you weren’t so blinded by ideology you’d see you were to.

My Party has ALL the answers. Your party is full of poopyheads! (formerly That Black Guy)

April 25th, 2012
11:07 am

“Obama will have to bail those banks out again.”
“If only our willfully ignorant, spinally challenged Republicans”

Well, the ADULT conversation was good while it lasted.

Now lets get back to the tried and true, guaranteed to solve the problem, name calling and partisan sniping. :roll:

Jefferson

April 25th, 2012
11:07 am

It would take a child like attitude to blame their situation on a president, unless you are in the military.

Bruno

April 25th, 2012
11:08 am

MistyFyed: A good buddy bought a $500k home in he could barely afford as a retirement investment. Instead of saving, he was banking on selling his home and banking the equity as his retirement account…

Ten brownie points for Misty. Good call.

Ayn Rant: Probably God is punishing us for being too lenient with immigrants, racial minorities, gays, and women seeking contraceptives and abortions. The Governor should call the good old boys of the Legislature back in session to deal with our economic problems by improving public morality. Or, perhaps the Governor should lead us in prayer from the steps of the Capitol. Remember ol’ Sonny’s rain dance? We nearly drowned in the result!

Minus 100 brownie points for Ayn. I wonder if she really believes the crap she prints here.

USinUK

April 25th, 2012
11:08 am

Stocks rose, sending benchmark indexes higher for a second day, after better-than-estimated earnings from Apple Inc. to Boeing Co. (BA) and as investors awaited a Federal Reserve decision on interest rates. The Standard & Poor’s 500 Index climbed 1.2 percent to 1,388 at 10:25 a.m. in New York.

yep … nothing says that the economy is in a nosedive quite like stock prices RISING

Only two things are infinite, the universe and human stupidity, and I’m not sure about the former — Albert Einstein

Paul

April 25th, 2012
11:08 am

USinUK

“I love it when people start pulling out economic indicator headlines when they have no effing CLUE what they’re talking about”

Who needs clues when you have The Google and The Internets?

Brosephus™

April 25th, 2012
11:09 am

Paul

Those powerful Americans…. :)

Joseph

April 25th, 2012
11:09 am

JamVet:

Facts are facts no matter where they come from.. I realize they sometimes become a real problem for libs but its something you simply must deal with…..

getalife

April 25th, 2012
11:09 am

rag,

Yes, have you ever admitted you are wrong?

USinUK

April 25th, 2012
11:10 am

mighty righty – awwwwwwwwwww … diddums … do you not understand the concept of “and rising”???

Lord Help Us

April 25th, 2012
11:10 am

‘Absolutely I’m worse off and if you weren’t so blinded by ideology you’d see you were to.’

Well, Joseph, why are you worse off?

As for me, I am better off than I was when Obama took office by every measurable characteristic I can think of. For you to ‘know’ otherwise illustrates a lethal combination of hubris and ignorance…

USinUK

April 25th, 2012
11:11 am

Paul – “Who needs clues when you have The Google and The Internets?”

oy to the vey …

the headline number is nice … but it’s the supporting data that’s important.

Kamchak ~ Thug from the Steppes

April 25th, 2012
11:11 am

Facts are facts…

Repetition is repetition.

getalife

April 25th, 2012
11:11 am

joe,

Take some personal responsibility for being worse off.

Get off the blog and get a job.

Paul

April 25th, 2012
11:13 am

“mighty righty – awwwwwwwwwww … diddums … do you not understand the concept of “and rising”???”

Whoo-wheee, USinUK, you’re gonna get banned!

Then Redneck Convert’s gonna figure out how to drive over there in his F-450 so he can come calling -

USinUK

April 25th, 2012
11:14 am

“Absolutely I’m worse off ”

holy moly … what did YOU invest in that it hasn’t rebounded since 2008??? my retirement accounts have come back and are growing nicely …

don’t blame Obama for your numptiness

USinUK

April 25th, 2012
11:15 am

Paul – what can I say??? i’m full of P&V today … :-D

Midnight Train Schedule

April 25th, 2012
11:15 am

May 1, 2012 Newt finally heads back home to Jawga!!

http://www.youtube.com/watch?v=l-Q6YX6ikZY&feature=fvsr

getalife

April 25th, 2012
11:15 am

Perhaps joe should look in the mirror to see why he is worse off.

Oscar

April 25th, 2012
11:16 am

I see a lot of large apartment complexes being built in Atlanta in the last few years. And high rise condos. Are people going into those places instead of buying houses.
Also would like to see comparisions of unemployment in Atlanta and the other cities in the chart.

On first glance it seems high gas prices may be driving people into apartments and condos.

Tundra Dude

April 25th, 2012
11:16 am

Joseph wrote:
Of course not Jay! Its George Bush’s fault silly

Bingo! Got that right!

Way back in 2004 the FBI warned of “epidemic mortgage fraud” which could be disastrous if left unchecked.

The Bush response was to just downsize their white collar crime unit….those evil partypoopers!
Then later, the FBI was required to form an “alliance” (become bedmates) with the Mortgage Bankers Assn.

USinUK

April 25th, 2012
11:16 am

Generation$crewed

April 25th, 2012
11:17 am

Adam
April 25th, 2012
10:41 am

I typed what you asked for as soon as I read you had asked for it. I dunno maybe a few minutes ago, no more than 15. I typed Obama Blames Bush administration, then hit enter.

I went to Public Schools.

My opinions would be to hold students more accountable and more competetive between the students. I would also argue to get more people into the teacher pool. One way would be to let more people with actual experience teach.
Or do a better job of explaining that every person does not need to go to college. Bring back more of the career tech programs instead of trying to treat each and every child education the same, since each child is not the same.
But mostly ones education must come from a desire within.
No amount of money being thrown at the problem can cause the children to want to be educated

Got any other off topic questions you need answered? Maybe something you think will trip me up a really tough one. Or maybe just something you are too lazy to look up yourself?

JKL2

April 25th, 2012
11:17 am

brosephus.- 5.7L Dual Supercharged Turbo V8 with a HEMI.

5.7L refers to engine displacement. Supercharged refers to a blower which is a compression device. Turbo is another form of compression device. V8 refers to the engine configuration and number of cylinders. Hemi is a reference to a type of combustion chamber popularized by Chrysler (but used by other companies as well.)

I know you were making a joke, but try to stick with something you know instead af spewing gibberish.

godless heathen©

April 25th, 2012
11:19 am

Washington DC According to the National Weather Service, cool April temperatures across the nation have brought the average US temperatures for 2012 to exactly normal. Dr. Alan Cloud of the NWS said that it is highly unusual to have this much normalness across the entire country. “We have to go back to 1925 to find a year with such normal temperatures”, he stated.

When asked about the unusual normalness of temperatures across the nation, Dr. C. Little of the Climate Change Initiative pointed out that this kind of normalness is in line with major climate change models. In a statement released last Friday, she said, “The models predict that sometimes temperatures will be above normal, sometimes they will be below normal, and sometimes they will just be normal.”

The NWS predicts that next week above normal temperatures will return, followed by below normal temperatures later in the month.

Adam

April 25th, 2012
11:19 am

Joseph: Absolutely I’m worse off

How so?

Bruno

April 25th, 2012
11:19 am

Steve: Atlanta has always been this way because nobody wants to clean up the city govt. If we had a decent govt here maybe some of our tax money would go to the police and not corruption. And I’m a liberal…

5 Brownie points for you, Steve.

Moreover, the close connection of our state legislators to the corporate magnates within ALEC, and other contacts of power/wealth on the money centered current American landscape, is keeping Georgia’s legislators from passing critical progressive legislation which would move our state forward for all citizens.

Another minus 100 Brownie points for ME.

JamVet

April 25th, 2012
11:20 am

All None of it the fault of the greedy bankers.

Hello? Is this thing on?

We have an integrity-free Republican government – arguably the worst int he entire country – not even taking a causal glance at dozens of integrity-free banksters in this state. MANY of whom went belly up due to their greed and lack of market discipline.

And who criminally mismanaged and lost hundred of millions of dollars belonging to hard-wroking, good Georgia citizens.

What will it ultimately take for you Republicans to hold these unindicted criminals and casino capitalists responsible for anything???

Peadawg

April 25th, 2012
11:22 am

Jay, I’m disappointed. When are we going to get some newt-skinned sheets now that he’s done?

Joseph

April 25th, 2012
11:23 am

Interesting point: when Obama calls out Romney for being born with a “silver spoon in his mouth” isn’t he calling out his own kids as well?

JKL2

April 25th, 2012
11:23 am

getalife- Thanks for listing that accomplishment.

That’s what obama is good for: Taking credit for other people’s work if the outcome is favorable, or placing blame on others if it isn’t. He does “look” like a leader standing at the podium. Too bad it’s only looks, not substance.

Bruno

April 25th, 2012
11:24 am

Finn: Nope, it was more the case of middle class people taking advantage of all those bank schemes and over-extending themselves.

Plus 50 Brownie points for Finn. 5 points for the content of his message, and extra 45 points for not trotting out his usual anti-corporate rants.

Poor Boy: First, the chart you provided shows the rate of change in home prices for various cities not actual prices. Home prices in Atlanta, for example, have been lower than those in Denver for a long time. What the chart really says is that Denver home prices didn’t decline as rapidly as Atlanta home prices.

25 Brownie points for Poor Boy for slicing through another of Jay’s half-truths. I like your style and substance, Poor Boy. Thanks for spending time at the JB Blog.

Brosephus™

April 25th, 2012
11:25 am

holy moly … what did YOU invest in that it hasn’t rebounded since 2008???

USinner

I think we’ve found a McMansion owner. :)

Oscar

April 25th, 2012
11:28 am

JKL2

April 25th, 2012
11:17 am
_______

But Bro just paid a guy $500 to attach a hemi to his engine. Now he is going to be upset.

Kamchak ~ Thug from the Steppes

April 25th, 2012
11:28 am

…when Obama calls out Romney for being born with a “silver spoon in his mouth”…

Can you substantiate that assertion?

Oscar

April 25th, 2012
11:28 am

JKL2

April 25th, 2012
11:17 am
_______

But Bro just paid a guy $500 to attach a hemi to his engine. No