mauijeff

Are Home Prices Still Too High?

The demand for housing was mostly created by baby boomers. This massive demographic is now facing the declining value of their current homes and 401k's. Post baby boom generations are not going to generate the demand required to maintain the continuous raise in home prices. Set aside the poor economy, the demand for housing is not on the horizon. The collapse of the housing market just does not have many supports. The emotion surrounding real estate and how it plays into the psyche of of people will change. The purpose of a home is a place to live, not a investment to refinance (and take money out) for college educations, cars and other stuff. When the realization hits that homes are for living and not "investments", the price of homes will fall to the homes actual utility. You don't buy a car to latter refinance it, you simply drive it, now homes are simply to live in.

Are Home Prices Still Too High?

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The Illicit Relationship Between Goldman Sachs and Paulson

You got it Anthony. The Treasury is perfectly happy with the corporate owned media focusing on auto bailouts while the banks that received trillions of dollars shift the money to these "havens". Paulson will not tell us how much and who. We are witnessing crimes against the United States. The focus of us all should be on the lawlessness of the Fed and Treasury instead of passively waiting for them to save us...they are ripping us of blindly. So listen up you day trading monkeys, stop trying to find the bottom of the market so you can make a little day trade profit and pay attention to the crimes unfolding before your greedy little eyes.