After April 30th Housing Stats

[mike92104]

I’m just hoping to not be competing with every shlub with 3k in his pocket and an $8000 “gift” from their family.

[Anonymous]

Without the Feds, there wouldn’t be a housing market. In addition to the tax rebates, credits, etc, the government is now backing 96.5% of all home loans:

http://online.wsj.com/article/SB10001424052748704093204575216530213580458.html?mod=WSJ_hps_LEFTWhatsNews

The recovery in housing is completely artificial and would not exist if it weren’t for government support.

[Anonymous]

Without the Feds, there wouldn’t be a housing market. In addition to the tax rebates, credits, etc, the government is now backing 96.5% of all home loans:

http://online.wsj.com/article/SB10001424052748704093204575216530213580458.html?mod=WSJ_hps_LEFTWhatsNews

The recovery in housing is completely artificial and would not exist if it weren’t for government support.

[Anonymous]

Without the Feds, there wouldn’t be a housing market. In addition to the tax rebates, credits, etc, the government is now backing 96.5% of all home loans:

http://online.wsj.com/article/SB10001424052748704093204575216530213580458.html?mod=WSJ_hps_LEFTWhatsNews

The recovery in housing is completely artificial and would not exist if it weren’t for government support.

[Anonymous]

Without the Feds, there wouldn’t be a housing market. In addition to the tax rebates, credits, etc, the government is now backing 96.5% of all home loans:

http://online.wsj.com/article/SB10001424052748704093204575216530213580458.html?mod=WSJ_hps_LEFTWhatsNews

The recovery in housing is completely artificial and would not exist if it weren’t for government support.

[Anonymous]

Without the Feds, there wouldn’t be a housing market. In addition to the tax rebates, credits, etc, the government is now backing 96.5% of all home loans:

http://online.wsj.com/article/SB10001424052748704093204575216530213580458.html?mod=WSJ_hps_LEFTWhatsNews

The recovery in housing is completely artificial and would not exist if it weren’t for government support.

[garysears]

The recovery is artificial in the sense private lenders cannot compete with the government’s willingness to lose money. There would be mortgages made if the government stopped backing the market, just not at terms buyers would like.

The question potential buyers need to ask is how long the intervention can go on. Fundamentals are obviously out the window. Much like the blowoff top in the bubble from say 2004-2006, when everyone said it couldn’t last, I have come to believe the government intervention will last longer than most here believe possible. I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes. Once the banks are adequately bailed, only then will government think of backing out of the market.

The big surprise to me is the fact that rates are about the same as they were when the Federal Reserve stopped buying MBS. That can’t be expected to last, but what do I know?

[garysears]

The recovery is artificial in the sense private lenders cannot compete with the government’s willingness to lose money. There would be mortgages made if the government stopped backing the market, just not at terms buyers would like.

The question potential buyers need to ask is how long the intervention can go on. Fundamentals are obviously out the window. Much like the blowoff top in the bubble from say 2004-2006, when everyone said it couldn’t last, I have come to believe the government intervention will last longer than most here believe possible. I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes. Once the banks are adequately bailed, only then will government think of backing out of the market.

The big surprise to me is the fact that rates are about the same as they were when the Federal Reserve stopped buying MBS. That can’t be expected to last, but what do I know?

[garysears]

The recovery is artificial in the sense private lenders cannot compete with the government’s willingness to lose money. There would be mortgages made if the government stopped backing the market, just not at terms buyers would like.

The question potential buyers need to ask is how long the intervention can go on. Fundamentals are obviously out the window. Much like the blowoff top in the bubble from say 2004-2006, when everyone said it couldn’t last, I have come to believe the government intervention will last longer than most here believe possible. I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes. Once the banks are adequately bailed, only then will government think of backing out of the market.

The big surprise to me is the fact that rates are about the same as they were when the Federal Reserve stopped buying MBS. That can’t be expected to last, but what do I know?

[garysears]

The recovery is artificial in the sense private lenders cannot compete with the government’s willingness to lose money. There would be mortgages made if the government stopped backing the market, just not at terms buyers would like.

The question potential buyers need to ask is how long the intervention can go on. Fundamentals are obviously out the window. Much like the blowoff top in the bubble from say 2004-2006, when everyone said it couldn’t last, I have come to believe the government intervention will last longer than most here believe possible. I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes. Once the banks are adequately bailed, only then will government think of backing out of the market.

The big surprise to me is the fact that rates are about the same as they were when the Federal Reserve stopped buying MBS. That can’t be expected to last, but what do I know?

[garysears]

The recovery is artificial in the sense private lenders cannot compete with the government’s willingness to lose money. There would be mortgages made if the government stopped backing the market, just not at terms buyers would like.

The question potential buyers need to ask is how long the intervention can go on. Fundamentals are obviously out the window. Much like the blowoff top in the bubble from say 2004-2006, when everyone said it couldn’t last, I have come to believe the government intervention will last longer than most here believe possible. I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes. Once the banks are adequately bailed, only then will government think of backing out of the market.

The big surprise to me is the fact that rates are about the same as they were when the Federal Reserve stopped buying MBS. That can’t be expected to last, but what do I know?

[Anonymous]

“I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes”

They have been doing this for the last 2 years already.

[Anonymous]

“I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes”

They have been doing this for the last 2 years already.

[Anonymous]

“I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes”

They have been doing this for the last 2 years already.

[Anonymous]

“I think government will go so far as to risk the currency over bailing out the banks. That means no letup in intervention schemes”

They have been doing this for the last 2 years already.

[Author]

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