j-dub

On U.S. Housing and Debased Lending Standards

More from the "going to hell in a hand basket" front

cnbc.com/id/34062031

Homebuyer Tax Credit: Not a Done Deal

If you can't afford a home,
Then you don't buy a home!!!!
America-life is not about instant gratification

"Let a few people be helped in
the United States rather than a world of people who don't give a
rats a-- about us! Stop complaining that it's our "tax dollars" when we're handing out money to every Tom, Dick & Harry anyway."
I agree BUT two wrongs don't make a right and it will just cause people to lose money on their home when the value inevitably drops when the punch bowl is removed.
NOT MY AMERICA


On Nov 02 01:15 PM Dani Watson wrote:

> There are a lot of people who have not been able to save a nest egg,
> and can handle the monthly payments just fine, have a little in the
> bank, but not enough for the "paper trail" that usually follows purchasing
> a home! The closing costs in most states are just ridiculous! <br/>All
> of us pay our taxes, and to see some people get into a home and fix
> up something that was decaying in a neighborhood that was once in
> pristine condition, then so be it! Let a few people be helped in
> the United States rather than a world of people who don't give a
> rats a-- about us! Stop complaining that it's our "tax dollars" when
> we're handing out money to every Tom, Dick &amp; Harry anyway. We
> might as well have something "nice to show for the money"!! I for
> one hope this continues at least until tax time next year 2010!

Homebuyer Tax Credit: Not a Done Deal

"More than 1.25 million taxpayers have taken advantage of the tax credit to pursue the American dream of home ownership."

Persue? Who are you kidding? It's a handout.
I thought the American dream was a privledge, NOT A RIGHT.


You are so backwards with your thinking, it scares me what a weak nation we have become.
NOT MY AMERICA

Home Sales Highest and Inventory Lowest in More than Two Years

With all due respect, Jan-
Reality will never be a part of this man's agenda.
He never responds, so your banging your head against the wall making suggestions to him.
Read his notes for humor and nothing more.


On Oct 25 10:35 AM Jan wrote:

> I disagree completely, the only reason there are fewer houses for
> sale is because of the foreclosure moritorium that ran out this month,
> and because banks are only semi-foreclosing on deliquient mortgages.
> I suggest that you look closer at realtytrac numbers, and less at
> the numbers coming out of the NAR.

Housing Is Moving Towards Disaster

So, despite the 473 articles declaring the bottom of housing that an SA reader has the opportunity to glance at.......................
a different opinion emerges which throws reality into the equation.

How rogue!!!!

Clunkers and Home Buyer Tax Credit: All the Same Thing

Dear Taxpayer,
First my new house, now a great used car. U.S.A #1
How else will I get to all of the mid-level manufacturing job interviews I have lined up, in style. I love my new Suzuki!!!! Yesireee!!!!
What will you guys and gals help me afford next?

Thanks America

p.s.
I could use a more energy efficient big screen tv................
Just think about it, please!!!

Is Housing Back?

If nonsense were to be banned, I'd have very little to say.............


On Aug 26 02:51 PM HardwoodFlooring wrote:

> Wake-up thank you. Than nonsense should be banned.

Housing: Strong Recovery Ahead

I actually disagree with your assessment that the factors are in place. I think small businesses are too scared to do any hiring with Obama's lust to tax and spend. They make up 80-90% of all hiring.

He makes no mention of the 8k tax credit that is about to expire and the fact that many first time homebuyers are taking advantage of the affordability of the less than $200k houses and that is what driving house sales-THAT ALONE!!!

When that pulled foward demand is gone.....................


> for a recovery


On Aug 24 04:53 PM HardwoodFlooring wrote:

> j-dub Wow. yeah hard to get consumer sentiment up and people motivated
> to buy when they don't have a job or they are worried about losing
> their house.
>
> I do think that there is some truth to what Tom said above you. the
> problem is the head winds of reality which you just can't talk your
> way out of. Not until unemploymnet actually starts to improve will
> sentiment begin to get strong. Sure all the factors are in place
> for a recovery but there are some very real things that need to happen
> to make those under pinnings come true.

Housing: Strong Recovery Ahead

"But once an economic recovery starts and young people find work, they will move out of their parent’s homes as quickly as they can afford to do so, adding incrementally to housing demand and meaningfully to the existing imbalance between new construction and demographic housing needs.

So, rather than expecting a weak housing market for the next few years, we anticipate that housing will rise quite sharply, even accelerating over the next year or two, and becoming a strong contributor to GDP and job growth over the visible horizon."


SHEER BUFFOONERY

Where are they going to find work that pays decent?
Are you gonna hire them as research assistants?
Where is the growth and recovery going to come from?

AHHH, why deal with logic when you can envelop yourself in fantasy world economics?


On Aug 24 02:37 PM Think-About-It wrote:

> Are you serious?
>
> "Housing will rise quite sharply, even accelerating over the next
> year or two..."
>
> For this guessing game I would use history as my guide. The history
> of bubbles popping suggest that they do no reflate "quite sharply."
> Occationally there is a dead cat bounce but that's all it is. I would
> look to a different asset class than the one that just imploded when
> searching for the next wave of accelerating growth.

Housing: Strong Recovery Ahead

If you shut your mouth and open your ears, you'll hear that the singing is always coming from the top of the heap, from those that have no connection to the real world.

Unemployment @ 12%-doesn't matter, foreclosures through the roof-won't make a difference and on and on.
Congrats on what you consider "recovery."

Ever heard of the old saying- "Every economist knows 100 different ways to make love, the problem is they don't know any women."

Forget 'Cash for Clunkers': Try 'Dough for Dumps'

I thought "WOW" when I read #4 and realized how aweful the thought of that is.
Well, our government probably knows best.....................
After all, they fixed the crisis!!!!!!!
RIGHT?


On Aug 23 01:55 PM conceptwizard wrote:

> Cash for Clunkers:
>
> 1. Now poor people have to pay more for a used car.
> 2. Only helps those that can afford a car payment.
> 3. Creates a forced buying scenario that boost people who would not
> buy right now to buy, this will create a down side on sales when
> the program ends.
> 4. Now charities dont get the used cars to help fund food and shelter
> to the poor.
> 5. The legal fees and admin costs for the program are more than the
> $4500 rebate. I wonder what the real cost per new car is.
> 6. The enevitable tax increases for all these programs, has to hit
> us soon.
>
> The Government does not give away anything, it loans us our future
> tax dollars before we earn them. People are so naive.

A Depressed Housing Market: Foreclosures Spark Mental Health Crisis

Just another boring statistic that forces our government to purchase a bigger rug for it to be swept under.

There.................... done.

NEXT!!!!!

Forget 'Cash for Clunkers': Try 'Dough for Dumps'

First my new house, now a great used car. U.S.A #1
How else will I get to all of the mid-level manufacturing job interviews I have lined up, in style. Suzuki makes great car's, they do!!!! Yesireee
What will taxpayers help me afford next?

Thanks America



On Aug 23 04:15 AM Steven Hansen wrote:

> Cash for Clunkers was an overwhelming success for foreign car makers
> who increased market share at the expense of Ford, GM, and Chrysler.
> We now have more fuel efficient autos reducing our dependancy on
> oil, and less people with jobs to drive them.
>
> our government has killed two birds with one stone.

Forget 'Cash for Clunkers': Try 'Dough for Dumps'

"rebates for rabbitt ears"
Brand new flat screens have never been more energy efficient!!!

"moolah for mansions"
The anyone can afford a 3000 sq ft home program to stop the price decimation of high end domiciles.

"funds for furniture"
Any unit piece over $500 is now within reach for the average American

"loot for laundry"
Let's save the appliance businesss together!!!!

"bread for boats"
The wide world of boating is now for everyone!!!


All signs of a vibrant U.S. economy.
WHAT WILL AMERICA BUY YOU NEXT?

Home Sales Appear to Be on the Mend

Listen, I'm not going after this author personally, BUT

imagine he writes an article titled:

CAR SALES APPEAR TO BE ON THE MEND.

In my opinion, NO DIFFERENCE