neocon4jesus

THE DEFLATION FEAR: WHAT IS IT REALLY?

Please stop making sense. I'm not used to hearing it and it makes my head hurt.

I think the problem is that we are living on planet Insanity, where Good is Bad, Up is Down, and falling prices God forbid are HORRIBLE I tell you. Which as you point out, are in fact good things. But yes, the powers that be don't want the little people to catch on to this. BUT, they ARE. And that my friend is the problem. The average Joe Sixpack is getting it! And that spells trouble for the US and World economy. But long term- IT FRIGGIN ROCKS! It's the end of the world as we know it, AND I FEEL FINE!

peace out

thelittleguylobby.org

Don’t Expect a V-Shaped Recovery in Real Estate Prices

There will be no recovery because there are no more jobs and consumption is done. How can you buy a house when you are working at Walmart or Mcdonalds?

thelittleguylobby.org

The Housing Crash Isn't Over: Here's How to Profit

There will be no recovery. Soon homes will be going below historical prices in relation to rents. That means, MUCH lower. Keep dreaming. No jobs, no faith, no future. Capitalism is in inning number 7.

New Affordable FHFA Loan Program Sounds Like Predatory Lending

Maybe the conspiracy guys are right after all and the international bankers are the Anti-Christ.

It doesn't seem so crazy anymore.

Can a Market Crash Save Us from Hyperinflation?

It's the end of the world as we know it. And I feel fine.

donnie
Lone Rock, Wisconsin

Why We Need Deflation

Speak the truth brother, speak the truth. I left California 2 years ago so I know what you are talking about. The taxes I paid on my house were around $800 a year due to prop 13. The new owners- paid about $6000 a year. Was that fair. Hell no.


On Jun 30 10:39 AM Josh7607 wrote:

> I liked it, very philosophical. Greenspan is just one of a whole
> class in the US that has a stranglehold on the political system.
> They will use their wealth to pay supporters, friends, bodyguards.
> The vast majority gets just the minimum in order to be placated.
> I wish people could revolt. They will just call in the national
> guard and declare martial law. Look at California, the rich built
> a system where taxes cannot be raised without referendum! now state
> employees have to take iou's and pay cuts! what a world. they
> win people forget about it

Why We Need Deflation

You make some good points, however, I wish you wouldn't exaggerate and make so many untrue statements as well, so that it hurts your credibility. Just two quick examples, you state that workers in the overseas sweatshops work 7 days a week and 14 hour days- just not true. Yes, they work for low wages, but they do get one day off a week- IF THEY WANT ONE. That is what you fail to mention. Also, you say that today a pair of Nike shoes costs $250 instead of the $3.50 you used to pay for your converse. Again, not totally true. Nike makes many many skus of shoes that cost much less than the few $250 pairs that they make in limited edition.

Anyway, overall a pretty good post, but in the future, please try to stick to the facts a little better. It would help your argument even more.

peace out,

thelittleguylobby.org

Better to Rent than Buy a Home

It's a no brainer. No need to argue. Simply do the math. Find out what the cost of a house in your area would cost you total monthly, mortage AND insurance, maint, utils, etc, then compare that to what your monthly rent would be. If you want to add in a few % points for extra space and no neighbors fine. Then compare costs and the lower cost wins. What's the big deal.


On Feb 04 12:42 PM sr9web wrote:

> All these chart and experts who say "rent, don't own" are talking
> out their butts.
>
> Why do I say that?
>
> Because it's NOT an "apples to apples" comparision.
>
> When you own your home, you control the environment and the premises.

>
>
> - You say who comes and goes
> - You keep the hours that you please
> - You can change your transmission in the driveway if you want

>
> - You can BBQ on the back deck in you want
>
> Etc., Etc., Etc....
>
> It's only in theory that the rights on tenancy which are supposed
> to vest to a renter are actually fully realizible.
>
> In actuality, renters get sh*t on all the time by *sshole neighbors,
> idiot landlords, cops, lunatics, etc, etc.
>
> And at the very least, when doing a risk comparision, you need to
> factor in the risk of RENT INCREASE and the risk of LOSS OF UNIT.

>
>
> Simply put, when you rent, your control over your residence is very
> tentative.
>
> It's MUCH MUCH better to own.
>
> I own a 5 bedroom 3.5 bath split level in the suburbs West of Boston
> and my FIXED mortgage is less than $1,500 a month.
>
> I have a full-size family living comfortably, with plenty of elbow
> room and storage space.
>
> This deal can not be duplicated - not even close by renting!

How Bad Was the 1980s Real Estate Crash?

So I guess if the housing recovery in the past recession took 20 years, this one should take at least that long or longer, so we might see a recovery by the year 2030.

No way, my local realtor told me that the bottom will be within a year or two. And who would no better.

Donnie
Spring Green, WI Land of the 1 or 2 foreclosures in the county

SoCal Home Prices Plunge Even Lower

I did. I sold my house in Long Beach for $700K in 2007, moved to Wisconsin and bought the same house for $150K. But I did go to USC, so maybe that had a lot to do with thinking. about it and saying WTF!


On Jan 21 10:24 AM Guero wrote:

> Didn't any of you Californicators stop at some point & ask yourselves
> "how much longer can this go on? What is the end game here?" Did
> you really think that home prices were going to rise indefinitely?
> $450 per square foot for 50 year old 2 bedroom moldy ranch houses
> in the 'hood! Yeah, that's the ticket! Seriously.

Estimated Change in Home Prices

The Lord is judging America for dropping bombs on innocent people who did not do anything to us, ie Iraq.


On Jan 13 10:34 AM PASTOR TOM wrote:

> GOOD DAY FOLKS.
>
> RECENTLY ONE OF MY CUSTOMERS SAID:
>
> "NOBODY IS BUYING ANYTHING"
>
> AND IT SEEMS THAT WAY IN MY SALES OF MY INVESTMENT PROPERTIES.

>
>
> MAY THE LORD BLESS AMERICA, "IN GOD WE TRUST."

Jerry Maguire, Mission Statements and the Great Housing Malaise

Greed is Good! Hum, is it really?

Why Mortgage Payments Should Be Lower Than Rents

I always enjoy reading these blogs as I must live in an alternate universe. Where I live, It would cost me more to RENT than to own.

I bought my house in 2007 for 150K, paid cash. 3 year old house, so no real maint costs and I have USAA for homeowners insurance- cheap . total cost to own= opportunity cost on 150K,( say 3% cd) $375 month, Taxes are $242 month, insurance = $68 month, maint, ok mabe 1/2%= $62 month, Total monthly cost to own= $748 month. Cost to rent comparable 3 bd/2 1/2 bath house= $950.
And to top it all off, I'm 1 hour west of Madison WI, rated the #1 best job market by Forbes and business week.
Thank God I left Southern California. I LOVE Wisconsin. and yes it does snow, but there's a new invention called all wheel drive with heated seats.
peace out from Lone Rock, WI

Housing: Where Is the Bottom?

Great Article. As a baby boomer who owns not one but two homes with 7 bedrooms being used by 2 people, my downsizing idea may have some downside.

Ahh, please tell me that misery loves company again. Please.

Are Home Prices Still Too High?

I think what is going to happen is that since the job market nation wide will never recover, people will say, what the heck and move to the states and cities with the cheaper houses with less regard for jobs. IE, a job at Lowes or Mcdonalds pays the same in LA as it does in Des Moines.

I'm glad I have a house in Wisconsin that cost me $150K where the identical house in California would be twice that much.

Now I just need to get some voice practice, "Welcome to Walmart, can I get you a cart".