It’s kind of funny how any thread that contains news that could be considered negative on TV gets jacked by the TVMOD who try to spin it away so they can stay in their warm fuzzy version of realty or worse, persuade others to join them. And if you make too much sense they ask you to kindly leave someone else’s thread.
Yet no one calls them out for that?
Hey TG tell me you did not find at least a little humor in the BAT annalogy and the PF Chang horse being your BAT signal? Not even a little?
As for TG local intel? Is there any doubt that a map of his neighborhood will look similar to Eclipxe’s? All of TV is swimming in foreclosures. One guy standing amongst a throng of foreclosures yelling “its the bottom” does not hold as much cred for me as the actual numbers. Numbers which if cut in half would still be awful.[/quote]
Scarlet: I don’t disagree that the banks are sitting on a ginormous pile of foreclosures; there have been a significant number of articles on this recently. This creates a simple Supply and Demand situation, whereby whoever controls Supply will be able to very nearly set prices for their product (in this case, houses).
I also think we’re heading into a classic bear trap scenario and people are believing what they’re being told by the MSM and the gubment and that is things are getting better and will be alright soon. We’ve all heard the “green shoots” palaver from all the talking heads and the stock market and RE market are following suit. “Things are turning around, things are getting better, it will all be over soon”.
Problem is, if you look at the Great Depression as an analogy, you’ll realize that 1930 (the year following the crash) actually looked very similar to 2009: Things seemed to be improving. The bottom really fell out in 1932, however, and most historians agree that the supposed “smart money” got obliterated in this period. Again, classic bear trap.
At some point, Uncle Sugar and the Fed won’t be able to constrain market forces any longer and regardless of how much money they print and then it’s Katie, bar the door! Accounting gimmickry and sleight of hand will only hold up for so long and then I think we’ll see the floodgates open.
