Home sales post biggest gain in 8 years

[DWCAP]

WoW, that was a great thread hijack. Didnt even see it coming. I was suddenly like, huh, bay area stuff?

sdr, sorry to step in on the reply. I just dont know how anyone who is here longer than a few weeks couldnt know that:

A) your area is the NC coast
B) you know what you are talking about
C) You dont pull punches.

I dont know if I am glad or not to hear you are on your best behavior. I always read your posts, even if it is stuff I wish wasnt happening.

[sdrealtor]

Just trying to be nicer to y’all these days.

I do love the image of frozen chickens being launched at 600 mph toward panes of glass.

Speaking of which, has anyone ever seen the show “Human Wrecking Balls”. I’ve DVR’d every episode and it is some of the best TV I’ve seen in ages.

Dont want another threadjack…time for an off topic post.

[sdrealtor]

Just trying to be nicer to y’all these days.

I do love the image of frozen chickens being launched at 600 mph toward panes of glass.

Speaking of which, has anyone ever seen the show “Human Wrecking Balls”. I’ve DVR’d every episode and it is some of the best TV I’ve seen in ages.

Dont want another threadjack…time for an off topic post.

[sdrealtor]

Just trying to be nicer to y’all these days.

I do love the image of frozen chickens being launched at 600 mph toward panes of glass.

Speaking of which, has anyone ever seen the show “Human Wrecking Balls”. I’ve DVR’d every episode and it is some of the best TV I’ve seen in ages.

Dont want another threadjack…time for an off topic post.

[sdrealtor]

Just trying to be nicer to y’all these days.

I do love the image of frozen chickens being launched at 600 mph toward panes of glass.

Speaking of which, has anyone ever seen the show “Human Wrecking Balls”. I’ve DVR’d every episode and it is some of the best TV I’ve seen in ages.

Dont want another threadjack…time for an off topic post.

[sdrealtor]

Just trying to be nicer to y’all these days.

I do love the image of frozen chickens being launched at 600 mph toward panes of glass.

Speaking of which, has anyone ever seen the show “Human Wrecking Balls”. I’ve DVR’d every episode and it is some of the best TV I’ve seen in ages.

Dont want another threadjack…time for an off topic post.

[Anonymous]

[quote=deadzone]
I feel it is very naive to think the government’s “help” is not here to stay. [/quote]

It’s not a question of whether the government wants to help. It’s a question of their power to do so. This whole enterprise is contingent on the bond market soaking up a never-before-seen amount of T-bills. We’ve transferred our nation’s glut of houses to a glut government bonds. And the price reaction has been similar. Bad on two counts: government borrowing costs go up, right when we need them to go down, and mortgages (most closely tied to the 10-year-T) go up along with them.

Enjoy this bounce while it lasts.

[Anonymous]

[quote=deadzone]
I feel it is very naive to think the government’s “help” is not here to stay. [/quote]

It’s not a question of whether the government wants to help. It’s a question of their power to do so. This whole enterprise is contingent on the bond market soaking up a never-before-seen amount of T-bills. We’ve transferred our nation’s glut of houses to a glut government bonds. And the price reaction has been similar. Bad on two counts: government borrowing costs go up, right when we need them to go down, and mortgages (most closely tied to the 10-year-T) go up along with them.

Enjoy this bounce while it lasts.

[Anonymous]

[quote=deadzone]
I feel it is very naive to think the government’s “help” is not here to stay. [/quote]

It’s not a question of whether the government wants to help. It’s a question of their power to do so. This whole enterprise is contingent on the bond market soaking up a never-before-seen amount of T-bills. We’ve transferred our nation’s glut of houses to a glut government bonds. And the price reaction has been similar. Bad on two counts: government borrowing costs go up, right when we need them to go down, and mortgages (most closely tied to the 10-year-T) go up along with them.

Enjoy this bounce while it lasts.

[Anonymous]

[quote=deadzone]
I feel it is very naive to think the government’s “help” is not here to stay. [/quote]

It’s not a question of whether the government wants to help. It’s a question of their power to do so. This whole enterprise is contingent on the bond market soaking up a never-before-seen amount of T-bills. We’ve transferred our nation’s glut of houses to a glut government bonds. And the price reaction has been similar. Bad on two counts: government borrowing costs go up, right when we need them to go down, and mortgages (most closely tied to the 10-year-T) go up along with them.

Enjoy this bounce while it lasts.

[Anonymous]

[quote=deadzone]
I feel it is very naive to think the government’s “help” is not here to stay. [/quote]

It’s not a question of whether the government wants to help. It’s a question of their power to do so. This whole enterprise is contingent on the bond market soaking up a never-before-seen amount of T-bills. We’ve transferred our nation’s glut of houses to a glut government bonds. And the price reaction has been similar. Bad on two counts: government borrowing costs go up, right when we need them to go down, and mortgages (most closely tied to the 10-year-T) go up along with them.

Enjoy this bounce while it lasts.

[Author]

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