The_Hammer

The_Hammer
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  • Real Estate - A Good Investment Again?  [View article]
    Another slowdown or recession will stop this quickly. As news comes out of China of a hard landing and europe continues to unravel, this housing price bounce will not last long.
    May 23, 2012. 07:23 AM | 2 Likes Like |Link to Comment
  • "Sell your house ... yesterday," Gary Shilling tells Bloomberg. It will take 4 years, he says, to work off still-high inventories, during which time prices could fall another 20%. Turning to Facebook: "(It's) the end of the social media boom ... reminds me of Pets.com."   [View news story]
    tack you keep repeating yourself that is it cheaper to buy then rent. Not so in many areas of the country. Rumor yun may need a future replacement.
    Tack ever heard about more bodies per housing unit. We hit record lows bodies per unit in mid 2000's now expect more bodies per unit for years to come. Less housing units needed. Besides the 0 credibility NAR, why is everyone in such a rush to get houses prices up putting pressure on family finances when they buy.

    Lower house prices are good for American homebuyers and the economy.
    May 22, 2012. 09:35 PM | 1 Like Like |Link to Comment
  • GM Could Sink Another 15% By 2013  [View article]
    what is missing from the article is ONLY the $31.5 billion in cash and securities.
    May 22, 2012. 05:03 PM | Likes Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    where is the facts on the appaisals being low ball?
    the deals are falling through because the deals do not make sense as it should.
    As long as China, Brazil, India, Aussie and Middle East transact in dollars the mighty one Bernank can print and create currency.
    The indicators are all there that the dollar will be replaced eventually and it could happend sooner than you may think.
    <<Let's allow a market between willing buyers and sellers determine the market price>> Sounds great on paper BUT
    The housing market is totally being manipulated by the banks and govt. Homedebtors sitting in houses for 3-4-5 years without a payment. How is that a free market?
    What about qualified buyers? A house sold down the street $485k over a year ago. The buyer put down $6,500. The other $477,500 was an FHA loan. This is NOT a real buyer who cared what he paid for the house or had skin in the game. The F%$^ house tax assessed at $402k and I think it was proabably worth $385K or so.

    Everything the govt has involved itself especially financing, Education and housing is over bloated and over priced.
    May 22, 2012. 11:05 AM | Likes Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    why is it rates only move up if the economy picks up?
    the fed bought 60%+ of treasury issuance last year. This can't continue forever.

    Low ball appraisals? where? i am not seeing it. About time these gate keepers started doing their job.
    The entire real estate complex from the re hore to the appaiser to the mtg broker to the bankster to the govt is totally corrupted.
    May 22, 2012. 10:35 AM | 1 Like Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    Tack the difference today is look at case shiller housing valuations over 100-200 years.
    You will see that house prices valuations peaked around 1980 then about 1990 then 2006. However the valuation at each peak went more and more into bubble territory. 2006 went off the charts like tulips. I do think this time around since most are still stretching to buy with such low rates, higher interest rates will have a bigger neg on house prices if rates back up this time around. Anyone I know who bought in late 1970's put down at a min 20% or more. The whole mentality has been changed by the NAR to sell houses on a monthly payment basis. BAAAAHHHHH. You can see above that is difficult to save money after living expenses.
    May 22, 2012. 09:52 AM | Likes Like |Link to Comment
  • Emerging Market ETFs To Signal A Buying Opportunity  [View article]
    Buffett uses total market capitalization to gdp as a barometer to gauge valuation. Look it up.
    Just b/c something has corrected down 30-40% does not necessarily mean it is value priced.
    May 22, 2012. 09:41 AM | Likes Like |Link to Comment
  • Emerging Market ETFs To Signal A Buying Opportunity  [View article]
    You put no valuation metrics for the individual markets: things like entire market cap to gdp or p/e ratio or dividend yield or book value for index.
    May 22, 2012. 09:26 AM | Likes Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    No I call that a bubble. Economist call falling house prices deflation. It is not deflation it is a correction of an overpriced asset to a historical fair value. Houses are overpriced vs long term wage growth. It is really that simple.
    FHA fraud loans are an attempt to prop up house prices just delaying the inevitable pricecorrection that is long overdue to the massive manipulation of house prices by govt intervention and bankster frauds.
    Most Americans do not get the perks and bennies and wage increases that professors get a year.
    Median Income Family of 4:
    $50,000
    Rent or House payment: 1,350 a month = 16,200 year
    Car payments = 2x2 cars= 2X300 a month = 7,200 year
    Gas car1 12,000 miles /18 mpg = 667 X 3.70 gas = 2,468
    Gas Car2 15,000 miles/25 mpg= 600X3.70 = 2,220
    Car insurance 2 cars = 2000
    Food family 4 = $25 a day 750 a month = 9,000 a year
    Utilities (Cable/internet 100) + phone(140) + electric/gas(250) =1200+1680+3000=5,880 year
    Does not include healthcare contribution or copays or 401k contributions.
    16,200+7,200+2,468+2,2... $44,968

    50,000-44,968= $5,032 leftover for everything else?? Clothes car repairs house maintenance
    May 22, 2012. 09:09 AM | Likes Like |Link to Comment
  • Why I Am Short Gold: 5 Reasons  [View article]
    Non-sense. I am not bullish on (dollar) America in short medium term due to Fed insane behavior and deficits, but once we get past the other side of this crisis and a revolution takes hold America will be extremely bullish place to be imo.

    we have huge resources (natgas, coal,shale oil,farmland,clean environment, fresh water) and leading cos around the world.

    Last time I looked GM dominates pretty heavily in China. Our mfg base is going to roar back. But we have a bunch of derelicts leading the country down the tubes in the short term all put in place by the derelict American voters.
    May 22, 2012. 08:49 AM | 1 Like Like |Link to Comment
  • Why I Am Short Gold: 5 Reasons  [View article]
    Sentiment on gold and gold miners is abysmal at 2008 lows.
    where is the bubble? Just ask those around you if they purchased gold or silver as an investment.

    Also wondering how bad the JPM situation can get. Bear Stearns started the dominoes down, but JPM has a massive derivative position.
    We are obviousy heading toward another crisis approaching the end game cuz the problem is sovereign debts.
    May 22, 2012. 08:37 AM | Likes Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    Bennie the govt is printing via FHA frauds loans and Fraud students loans which are ramping. The bernank says the money sits in deposit at the fed.
    Sub-prime auto loans ramping up too. Credit is being pushed out the door in the big ticket item categories education, homes and auto. Obviously we do not have the massively fraudulent securitized market going bezerk but govt is pumping out FHA fraud loans and student loans.
    Emerging market economies feeling the inflation and will tighten.
    May 22, 2012. 08:28 AM | Likes Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    I did the same thing in the early to mid 1990's (bought numerous houses-sold majority about 2004 or so) when people were foreclosed on not bailed out and S&L's went bust not propped up. No where near the values today in comparison to early -mid 1990's.
    The housing market is so manipulated by the govt and banksters that it has been hard to buy like in early-mid 1990's.
    May 22, 2012. 07:29 AM | Likes Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    Good you go buy it at $628k have fun. take the 11k tax bill to along with upkeep.

    Your thinking is so short term. 30 years? yep.

    When the interest rates reset to normalized levels and they will, you can throw out all your calculations for the new buyer.
    May 21, 2012. 09:38 PM | 1 Like Like |Link to Comment
  • Historically High Affordability A Major Factor In Housing Rebound This Year  [View article]
    why is it good for housing prices?
    Last time we had high inflation was in 1981 not 5 years ago.

    Where is the wage inflation today?

    This time around unions have been broken and wages have lagged tremendously real rates.

    No I do not think houses are going up much at all. The price of necessities will consume all or most of the lagging increases in wages.
    May 21, 2012. 09:35 PM | 1 Like Like |Link to Comment
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