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  • Drill, Drill, Drill = Jobs, Jobs, Jobs [View article]
    I've been away from the SA universe for a while. I decided to drop in for a visit and find that MJP is still spreading his brand of uh "pixie dust" and the dogma spewing trolling is ramped up for election season. Buh Bye
    Jun 11, 2012. 09:47 AM | Likes Like |Link to Comment
  • Housing Prices: Is There a Threat to Economic Recovery? [View article]
    "But given the anticipated accelerated job growth and incomes"

    Citation please from any credible source?
    Jan 2, 2011. 11:14 AM | 4 Likes Like |Link to Comment
  • Housing Prices: Is There a Threat to Economic Recovery? [View article]
    From your post at CD ..."Especially in many states in the middle of the country stretching from Texas all the way up to the Dakotas, it will be hard to have a "double dip" in home prices because they haven't yet had the "first dip." "

    Obviously you know not what you are talking about once again, I'm in one of those "middle" states and we have had the first dip. The house I sold in 2005 is now worth approximately 15-20% less than I sold it for based upon comparable sales. At this moment the market is essentially frozen. The is almost no sales activity of any kind. If you check realtor.com you can see 60%+ of the listings in my "middle" state show "Price Reduced", yet there is still no sales activity.

    Now that wool is no longer over anyone's eyes regarding real estate we are starting to see real price discovery. Take away the low underwriting standards and government incentives and prices will continue to trend down for quite some time. Certainly there will be exceptions, but they will be few and far between.

    If I were to believe your pollyanna predictions based upon your past articles housing in Detroit should have appreciated 8.6% in 09. seekingalpha.com/artic...

    You've called the real estate bottom several times... here's one...
    seekingalpha.com/artic...

    So Mark, please go back to touting the Baltic Dry Index as the ultimate indicator of economic activity (psst It's down A LOT lately).
    Jan 2, 2011. 11:12 AM | 7 Likes Like |Link to Comment
  • Real Home Prices: 18 Months of Stability [View article]
    You are channeling Mark Perry again... ROFLMAO
    Dec 1, 2010. 02:21 AM | 1 Like Like |Link to Comment
  • Foreclosuregate: Time to Break Up the Too-Big-to-Fail Banks [View article]
    I agree with you that TBTF needs to end. In the current environment where Angilo Mozilo gets a speeding ticket instead of an orange jumpsuit for 20 years, it's not likely to happen.

    It will take American's to get off their lazy posteriors and demand the end of TBTF. Once again... not likely to happen....
    Oct 15, 2010. 10:46 PM | 4 Likes Like |Link to Comment
  • A Perfect Solution for the U.S. Housing Crisis [View article]
    Nice idea, completely unworkable. It still would not address those who could not afford repayments even at 0% interest. The real solution here is for the bad debt to be forced into the open and defaulted.
    Jan 17, 2010. 10:04 AM | 8 Likes Like |Link to Comment
  • American Dream 2: Fun with Dick and Jane Deleveraging [View article]
    Hardly,

    The stealing was conceived by mortgage brokers, real estate agents, et al up the line. They knew they could sell any garbage they created in a AAA rated wrapper in the debt markets.

    The lack of fear is the primary cause of this mess. When a lender feared not being repaid they were much more stringent in qualifying a borrower. The fear of not being repaid kept everything in check. The absence of that fear is why we are in the place we are today.


    On Dec 10 06:06 AM User 353732 wrote:

    > Strategic defaults are theft.
    > First, millions of Americans borrowed beyond reason to satisfy their
    > addictions to instant gratification and pander to their vanity. Now
    > , millions are resorting to theft to do the same things. Bad, destructive,
    > behavior has not changed: merely its manifestations.
    > Excessive borrowing has, is having and will continue to have malign
    > personal, family, community and civic consequences. The consequences
    > of theft via strategic defaults will also be malign.
    > The US Regime lies, cheats and steals and calls it "visionary" public
    > policy. Hardly surprising then, that millions of the Regime's subjects
    > are adopting the same "vision".
    Dec 10, 2009. 09:12 AM | 17 Likes Like |Link to Comment
  • We Never Even Got Close to 900,000 Jobless Claims [View article]
    Did anyone see that Mark Perry advocated insider trading on his personal blog?

    mjperry.blogspot.com/2...
    Nov 15, 2009. 10:05 AM | 3 Likes Like |Link to Comment
  • Looks Like a Bottom for Residential Construction Spending [View article]
    You've called the bottom many times before with regard to housing, so I must take your post with a grain of salt. You never really know a bottom until you are several quarters past it.
    Nov 3, 2009. 06:30 PM | Likes Like |Link to Comment
  • According to Treasury Spread Model, No Chance of a Douple-Dip Recession [View article]
    More pollyanna from Prof Perry....

    No credit crunch: seekingalpha.com/artic...

    US Economy doing quite well: seekingalpha.com/artic...

    We're still a long way from a banking crisis: seekingalpha.com/artic...

    A little perspective, according to the world of Dr. Mark Perry:

    First, there's no recession:
    mjperry.blogspot.com/2...

    Second, the monetary base was growing at an acceptable rate:
    mjperry.blogspot.com/2...

    Third, the big one, there is no credit crisis:
    mjperry.blogspot.com/2...

    mjperry.blogspot.com/2...

    mjperry.blogspot.com/2...

    Especially because, "banks are lending at record levels":
    mjperry.blogspot.com/2...

    Remember, this is an *economist* saying this. And yet I highly doubt that any respected economist would buy this, nor is the market (A2/P2 less AA spread, TED spread both blown out to ridiculous levels).
    www.federalreserve.gov...
    Oct 15, 2009. 10:08 PM | 3 Likes Like |Link to Comment
  • U.S. Housing Market Has Likely Bottomed [View article]
    I saw the headline and thought Mark Perry was the likely author. I forgot about his Asian twin.
    Oct 13, 2009. 08:47 PM | 3 Likes Like |Link to Comment
  • Is Housing Back? [View article]
    When is SA going to can this clown? We need to start calling you Dr Happy. Come out of the ivory tower Mark!
    Aug 27, 2009. 12:02 AM | 1 Like Like |Link to Comment
  • More on the Great Housing Recovery Debate [View article]
    There is no freaking debate amongst those who are sane. Housing will NOT recover until there is across the board price reversion to the mean with respect to incomes and inflation.

    My criteria for knowing housing has stabilized is the far off day that I can buy a property with 20% down cold, hard cash and turn around the following day and rent said property and have at least $1 of annual positive cash flow after P.I.T.I. and associated expenses.

    I'm getting real sick of everyone calling the bottom. I've been hearing it for over 2 years now.

    The bottom will not be ascertained until we are at least 2 quarters past it. That day seems far away.......
    Aug 16, 2009. 11:36 PM | 5 Likes Like |Link to Comment
  • Housing Affordability Falls: Is Real Estate Market in Recovery? [View article]
    Professor Perry's record speaks for itself.... Follow his advice at your peril:

    No credit crunch: seekingalpha.com/artic...

    US Economy doing quite well: seekingalpha.com/artic...

    We're still a long way from a banking crisis: seekingalpha.com/artic...

    A little perspective, according to the world of Dr. Mark Perry:

    First, there's no recession:
    mjperry.blogspot.com/2...

    Second, the monetary base was growing at an acceptable rate:
    mjperry.blogspot.com/2...

    Third, the big one, there is no credit crisis:
    mjperry.blogspot.com/2...

    mjperry.blogspot.com/2...

    mjperry.blogspot.com/2...

    Especially because, "banks are lending at record levels":
    mjperry.blogspot.com/2...
    Aug 1, 2009. 10:50 AM | 6 Likes Like |Link to Comment
  • What a Housing Rebound Could Mean for Dollar ETFs [View article]
    Your premise of a real estate recovery is severely flawed... hence so is the remainder of your analysis.
    Jul 31, 2009. 12:21 PM | Likes Like |Link to Comment
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