Landbuyer

Housing Bottom Predictions and What I Learned in High School

There seems to be the assumption that EVERY resetting loan will go into default and that NOTHING will change between now and then. When you get to the bottom, which I believe we have(at least in my market) there is only one way to go....up (and I don't mean prices).

I'm simply saying that we are reaching an equilibrium and entering a time of normality. After the last 30-36 months though, normal is UP.

Real Estate: Rentals and Sales Prices Out of Sync

Let's jus hope that it doesn't take a further 20% decline to get things back in line.

Homebuilders Are Peaking

Amen

Wall Street Breakfast: Must-Know News

Damn it, it's time for us (meaning U.S.) to change out the miscreants in Congress. Term limits=4 years.


On Mar 30 08:25 AM long_on_oil wrote:

> The Government is going to do a bank up job running GM and if you
> believe that you will believe the market will hit 14000 by Friday.
> This administration makes me sick. The answer to all the problems
> seems to be just give money to bad businesses and hope they recover.
>
> The businesses have to change their ways they just can't keep doing
> business the same old way and expect different results. The stockholders
> and boards must replace management, not the government. Just look
> at Obama's selections for his cabinet and you will see what I mean;
> nothing but tax cheats and misfits. These guys are throw offs from
> the Clinton administration and we expect them to fix the problems,
> get real.
> Most life time government employees couldn't even run a hot dog stand
> at a profit, let alone GM.
> Damn it, it is time for the boards and stockholders of these companies
> to stand up and be heard. Stop caving in to these losers from Washington.
>

Where Is That Mythical Housing Bottom?

Interesting but, who controls the "bottom". This really is a great time to buy a home. Affordability is at an all time high, interest rates are low, and there is pleanty of product to chose from. The biggest issue is fear and the perceptions it brings with it. Jobs are a question sure but, if you have a job and decent credit score you cn get a home. Particularly the 1st time buyer.

To answer the question I posed. The "buyers" control the "bottom". If and whenthey start acting on their desires, we will at least feel the bottom.

And yes, there is a myth of no money out there. It is there but, you have to make the decision to buy and go ask for it.

Retail Reports Show Consumers Now in Spending Therapy

Well, FINALLY, a little good news!!!! :-)

Orwellian Finance: Is 1984 Happening in 2009?

Which govenment department do you work with. I personally have been saying thhat we are not in a recession, we are in a depression. Much like the recession we were not in as of December, 2007. It took twelve months for Government/The Party to admit the painfully obvious.

The idea of not having fuel prices included in the inflation rate is ludicrous. To say that fuel prices are considered in the pricing for other goods and services is insane. When I go to the pump that is a totally different transaction from the purchase at the grocery store where I buy my steaks/hamburger/dogfo... It's just stupid to think that I don't feel the pain of rising prices in both transactions.

I can ell you that this country is deep in the weeds. Many people are already feeding at the trough of Big Government, both rich and poor. It's the guys in the middle, the families in the middle those that are struggling to eek out a living that need to wake up. We are the majority and too busy to figure out what is happening. That or tragically to apathetic.

I will stop my rant there. Where is Dennis Miller when I need him?

On Jan 19 07:49 AM abetterplace wrote:

> Your article has some hints of truthfulness but, in general, is about
> as flawed as the government is today. Most quotes are either from
> politicians or novelist.
> The only quote I saw from economists was an armchair opinion. Nothing
> can be proven to validate what they say would have happened.
>
> (Politicians invariably respond to crises -- by spawning new government
> programs, laws and regulations.) Leave out the middle phrase, that
> is pure speculation, and yep, that is what we pay them to do.
>
> The Federal Reserve does not have to generate unending inflation,
> capitalism automatically does that. No way around it unless we end
> wage increases and can control prices coming from other countries
> goods.
>
> Although you failed to convince me, I still think I will look around
> and see if there may be another country with a standard of living
> as good as ours and a more perfect government so that I might move
> there.
>
> American government is a bit broken today as it has been in the past,
> but together we can repair it again.

Horrid Data: Housing, Jobs, Durable Goods

Recession is when your neighbor loses their job. Depression is when you lose your job.