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The_Hammer

The_Hammer
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  • Valuation and U.S. Debt [View article]
    Bernank is a puppet of the big banks plain and simple. The guy is a _ _ _ _. Fill in the blank. Start with L.
    Also he is the great enabler allowing the crooked sell out politicians to cater to special interest groups like the NAHB or NAR or the Mtg bankers.
    HHHhttp://blogs.wsj.co...

    Fed stooges having a fun time joking about the housing bubble and was well aware of leh and bear.

    www.youtube.com/watch?...

    Listen to Mr. Two faced here in public.

    It is time for a total revamp of political system and Fed.
    Jun 5, 2011. 10:14 AM | 1 Like Like |Link to Comment
  • Case-Shiller Down 5.1%: What Will Stop It? [View article]
    Eco I saw a 1.44% down deal recently on a near 500K house. probably FHA backed imo.

    The criminal activity continues.

    Be prepared the country will be sinking as a major dollar devaluation is on the way.
    Jun 4, 2011. 11:32 AM | Likes Like |Link to Comment
  • Case-Shiller Down 5.1%: What Will Stop It? [View article]
    Yes you are locke but when rates go up to more normalized level your new buyer will be paying as much or more. So that so called bargain for you will not be so for your buyer int he future.
    Jun 4, 2011. 11:29 AM | Likes Like |Link to Comment
  • And now, more bad GSE news, as the CBO says Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) will cost the government another $42B in the coming decade with their mortgage guarantees. The net cost of capital so far: about $130B, after $154B in capital less $24B in dividend payments. Frannie financed 63% of mortgages originated last year.  [View news story]
    77hudson.com/?utm_sour...

    FHA and FNMA busy bailing out developers in high end condos. Criminal this is happening over and over again even after these cookie jars are empty!!!
    Jun 4, 2011. 11:26 AM | 1 Like Like |Link to Comment
  • New York City Home Prices Are Headed for Collapse [View article]
    77hudson.com/?utm_sour...

    fha and fnma busy bailing out developers again
    Jun 4, 2011. 11:22 AM | Likes Like |Link to Comment
  • New York City Home Prices Are Headed for Collapse [View article]
    FHA financing has been propping up some of the past empty condo developments in the city. Once these projects became FHA approved they filled up quickly. This scam-fraud cannot last for ever. How these %$#@@&s get away with this fraud is amazing.
    Be prepared for economic and social calamity. The country has been completely taken over by special interest groups.
    Also the NYC metro has been massively propped by the forclosure process that has been non-existent the last 2 -3 years. The avalanche of homes is heading to market soon.
    Jun 3, 2011. 02:43 PM | 2 Likes Like |Link to Comment
  • Case-Shiller Down 5.1%: What Will Stop It? [View article]
    When house prices undershoot a historic multiple of income to house price in the local area and close to rental equivalents.

    Housing is no longer the driver of economic growth via massive debt expansion. We are tapped out. More realtors builders mtg brokers need to reskill.

    We are in deep deep deep trouble when the US govt cannot be bailed out. Printing money like madman to pay bills will come to an end. Be prepared.
    Jun 2, 2011. 01:34 PM | 2 Likes Like |Link to Comment
  • And now, more bad GSE news, as the CBO says Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) will cost the government another $42B in the coming decade with their mortgage guarantees. The net cost of capital so far: about $130B, after $154B in capital less $24B in dividend payments. Frannie financed 63% of mortgages originated last year.  [View news story]
    Toss in the current scam called the FHA and add in another few billion. Billion use to be a real big number. Trillions becoming the norm.
    we are toast as the free for all continues while abolutely nothing is resolved. the entire political system is broken and need for rebellious over throw.
    Jun 2, 2011. 01:29 PM | 5 Likes Like |Link to Comment
  • Will You Become an Inflation Victim? Take This Simple Quiz [View article]
    In all major inflations incomes usually do not readjust upward as fast as infaltion and the wage earner continually falls behind.
    To make matters worse the govt will implement price controls so supply of everyday items will vanish cuz the suppliers will no longer make any money. If you cannot pass on higher prices to the end consumer then once your margins are squeezed to 0 you cannot make a profit over time. Inventories dry up.
    Jun 2, 2011. 01:10 PM | 2 Likes Like |Link to Comment
  • Shiller's Chart Claims U.S. Housing Has 50% to Dip: BubbleOmics Disagrees [View article]
    <<I’d like to remark at this juncture that Professor Shiller is not saying that house prices in USA are set to drop 50% from where they are now; in fact-- he is keeping remarkably quiet these days-- which could be an Omen in itself.>>
    Actually for the first time I ever heard Shiller in Bloomberg interview yesterday say... "House pricess will go down for years to come."

    I agree. The US economy is one big basketcase bloated manipulated and distorted by special interest groups, fiscal policy and fed policy. House subsidies have not made the US more competitive, quite the opposite addicted to debt expansion and consumption.
    we are toast until we remove special interests group influence and the FED. The money will not flow to the needed areas of growth. Export growth and industrial innovation. Housing banking and retail are not a solid foundation to build an economy.
    Jun 1, 2011. 10:36 AM | 2 Likes Like |Link to Comment
  • A Double Dip for Housing? [View article]
    If the NAR told the truth just several years back instead of pumping and hyping real estate as being a great time to BUY AND SELL?????
    www.realtor.org/home_b...

    This organization has 0 credibility.
    This mess would have been much less severe while prices never would have gotten so ridiculously over valued.. They had all the historical data to show that houses were obscenely overpriced but they decided not to warn the pubic.
    May 27, 2011. 02:39 PM | 5 Likes Like |Link to Comment
  • Why Home Prices Won't Fall Much Further [View article]
    In all these affordability discussions I see little if any talk about the paradigm shift going on as it relates to disposable income and cost of living. Things especially things we consume and need daily are sky rocketing in price (food, gas, utility, insurance esp health and prescription, car maintenance) and the added cost of supporting ones own retirement via 401k's and healthcare contributions.
    Add this all up and the consumer is under massive pressure. The only place that can give at this point is housing costs/land values. They must go down to makeup for the additonal costof living increases the past decade and going forward.
    May 27, 2011. 02:28 PM | 2 Likes Like |Link to Comment
  • QE2 Promise Dying on the Vine in California [View article]
    but it did give banksters lucrative bonuses.
    Governance has completely broken down in this country. The govt is still pumping out uneconomic FHA housing loans even after the 100's of billions lost in fannie and freddie while f. raines receives his 1.2 mil pension.
    Fraud, corruption and self interest run rampant in the design of govt policies.
    May 24, 2011. 12:32 PM | Likes Like |Link to Comment
  • Why We're Nowhere Near a Bottom in Housing [View article]
    Falling wedge sounds like you should just send your offers directly to homeowners. of course many are in total denial and will refuse to give their house away. lol! If I was looking to buy i would tell the realtor or homeowner, I am not going to give my money away. Go ahead get that 2nd job (if u can even get an additional job) trying to save up money after tax. see how much you save. The young people in this country are being totally abused and should rebel and demand a new govt with new representatives.
    Getting kind of tired of hearing homeowners in my neighborhood whining about property taxes, but never heard a complaint when houses were going up 10-15-20% a year. Most want to make someone else do the heavy lifting while they sat on their fat rears on the couch accumulating double digit housing returns. Good luck with that.
    May 19, 2011. 10:30 AM | Likes Like |Link to Comment
  • Why We're Nowhere Near a Bottom in Housing [View article]
    Crude prices will be staying at a new higher level for the future and Nat gas is not the savior as in a number of LNG facilities will be built by 2015 and Nat gas will be priced as global commodity not US only. 4-5 mcf for nat gas will be a thing of past once the export of lng sends it to the highest bidder around the globe.
    May 18, 2011. 12:56 PM | Likes Like |Link to Comment
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