The Hammer

What Happens When the Government Stops Propping Up Housing?

The FHA to the rescue. Another ponzi scheme to reward the rats that made the mess.
When will the revolution start?
What will trigger it?
Probably at this point it is spiraling food prices. If you can;t afford to buy food then you get pretty nasty.
Sheeple do not care how many schemes the govt inacts if it does not impact'em. lol.

Property Values Set to Fall 43% from Current Depressed Levels

In many parts of the country it is still cheaper to rent by a nice margin. some of the areas that are taking 50%+ falls are now competitive with rents. Who the hell wants to rush in an buy when the governemtn and banks are making every attempt to withhold foreclosures by price manipulation. Do not be fooled by this. Owning a house is expensive especially the taxes and upkeep. factor all this in when deciding to buy. A house is not an great investment after you pay years of interest payments and taxes and upkeep expenses. You want to get a fair price.
In general people should not be spending more than 30% or so of their income on house expenses.
If you spend more how do you have additional funds to save for retirement. Owning a house should not be debt slavery. it is not worth it. Just ask all the homedebtors that bought into that propaganda in past 5 years. many wished they just rented now.
Do not listen to the scammers peddling real estate. These same scammers were saying just a few years ago it was a great time to buy and sell real estate. LOL!!!!
These scumb@gs have lost all credibility with me.

Property Values Set to Fall 43% from Current Depressed Levels

In the end replacement cost this or that means nothing!

What is important is the economic climate of a region. If jobs and incomes are under pressure houses will trade down to ZERO!

Just look what is happening across parts of the mid-west as jobs and incomes have evaporated.

Now I think this will spread to the east and west coasts as our standard of living falls as does real incomes.

Property Values Set to Fall 43% from Current Depressed Levels

with the government bankrupting us with all their subsidies for housing, this article does make some sense.
In the end, the economy and incomes must support the price of housing and I do not believe that is the case today.
Asset prices have been overpriced for many years due to the backstop and easy money politicies of the government. With the rise of emerging economies around the world and their falling reliance of the USA, the government will lose its flexiblility to paper over our structural economic issues.
Now the FHA has become th new piggy bank for all this corruptuion and special interests. In the end, this cannot continue without serious consequences. I am sure we can assmeble numerous scenarios but most imo are not good.

How Much Longer for This Rally?

withholding tax collections are down -11.43%
since july 1st. compared to last year same period

How Much Longer for This Rally?

75% of cos have beaten estimates..well we know that in many cases analyst regurgitate guidance from mgt and cos guide expectations.
Kind of a weak article Leeb, but as you left out such data as unemployment and those falling off of unemployment and applying for erxtended benefits rising.
The economy needs to undergo a major restructuring...from a con sumption and credit based economy to one more balanced with mfg and savings. It is gong to be a painful process sicne the govt continues to meddle with the economy and kick the can down the road and will not allow the economy tio correct the excesses of the past.