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  • WCI Stops Some Major Building Projects [Housing Tracker] [View article]
    Shorting residential home builders or commercial REITs (SRS PROSHARES TR ULTRA SHORT REAL ESTATE PROSHARES) would seem like a sane thing to do now.

    However....you're fighting against a vast number of traders who have drank the GOP Purple Koolaid.

    GOP Purple Koolaid causes severe delusions and magical, wishful thinking.
    Jun 02 14:54 pm |Rating: 0 0 |Link to Comment
  • Get Ready to Short Homebuilders [View article]
    "For the first time inside the beltway housing resale prices are falling "across the value spectrum - $2m to $500k" -and for the most simplistic of reasons - the very ones identified by DCM...."

    Not entirely true.

    The houses "inside the beltway" that are in SUBURBAN locations far, far, far away from the places where people want to go to eat, drink, play, work, etc are...going down.

    HOWEVER, the locations "inside the beltway" that are in URBAN locations close to the places where people want to go to eat, drink, play, work, etc are...going UP, UP, UP:

    Home Prices Drop Most in Areas with Long Commute
    www.npr.org/templates/...

    It's the same in any DESIRABLE urban city:
    "Los Angeles, San Francisco, New York, San Diego, Miami and Boston."

    If you live in OK City, Indianapolis, Kansas City or some other broken down "burg", forget-about-it. You choose to live in "nowheresville" and now you will be paying the price for it.

    The kids of the Gen-X'ers, the so-called "Millennials" don't want to live in the Burbs.

    Bo-ring.
    May 16 14:57 pm |Rating: 0 0 |Link to Comment
  • Homebuilders Pulling Out of More Markets - Housing Tracker [View article]
    Realtors in Texas want to "make sure the public knows how and why the Fort Hood vicinity is different"?

    Yes, it's true! The Laws of Physics don't apply to the Fort Hood area.

    Since when can soldiers afford to buy a house?

    Many soldiers families are on food stamps.

    An E-1 new recruit makes $28,738/year, including bennies:
    usmilitary.about.com/l...

    Now how on earth is someone making that kind of money going to be able to afford to buy a home?

    Texas Realtors are not good at math.
    Apr 22 14:41 pm |Rating: 0 0 |Link to Comment
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