A perfect storm brewing 2010-2012?

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.

[socrattt]

[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]

We have conservatives here who like to argue the government f—- everything it touches.

But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]

I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.

Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.

If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).

Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.

[briansd1]

[quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.

[briansd1]

[quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.

[briansd1]

[quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.

[briansd1]

[quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.

[briansd1]

[quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.

[socrattt]

[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]

Brian my apologies, I didn’t pick up on that!

[socrattt]

[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]

Brian my apologies, I didn’t pick up on that!

[socrattt]

[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]

Brian my apologies, I didn’t pick up on that!

[socrattt]

[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]

I was being facetious. Sorry that didn’t come across.

In my opinion, government intervention in housing works short term… but there will be bad results.

[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]

Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.

Will this new bubble pop and end badly? Likely.

Some conservatives posters on here like to claim things like “the government ruins everything it touches”.

But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).

If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]

Brian my apologies, I didn’t pick up on that!

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