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I find it “ironical” that core inflation does not include food or energy. So housing is in there, but we know that’s dropping, so as long as Plasma TV’s get cheaper, we’ll be okay. Forget that gas may hit $4/gallon, and milk $5 by next year.

I also laugh at the idea of interest rates being lowered to help housing. Low rates are a key cause of this mess. That’s like saying, “hey, my house is on fire, I think I’ll throw some gasoline and matches on it. Maybe that will help!”

As far as BB being an idiot, I think he’s become little more than another political tool, paid to quell any discontentment with the economy, talking in generalities, and non-sensical circles. I think it appears idiotic to anyone who sees what’s really going on, or has a more bearish view of it. Truth is he’s stuck, and the person to thank for that is Greenspan.

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I find it “ironical” that core inflation does not include food or energy. So housing is in there, but we know that’s dropping, so as long as Plasma TV’s get cheaper, we’ll be okay. Forget that gas may hit $4/gallon, and milk $5 by next year.

I also laugh at the idea of interest rates being lowered to help housing. Low rates are a key cause of this mess. That’s like saying, “hey, my house is on fire, I think I’ll throw some gasoline and matches on it. Maybe that will help!”

As far as BB being an idiot, I think he’s become little more than another political tool, paid to quell any discontentment with the economy, talking in generalities, and non-sensical circles. I think it appears idiotic to anyone who sees what’s really going on, or has a more bearish view of it. Truth is he’s stuck, and the person to thank for that is Greenspan.

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I don’t think there is any perhaps about it. The FED can only hope for it to be limited to spillover. I don’t think this is the death of the consumer or middle class, but I truly believe this boom/bust really is different from the last one because this time the layoffs/job losses are a result of the crash, not the cause of it.

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I don’t think there is any perhaps about it. The FED can only hope for it to be limited to spillover. I don’t think this is the death of the consumer or middle class, but I truly believe this boom/bust really is different from the last one because this time the layoffs/job losses are a result of the crash, not the cause of it.

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Where is a great question, as is what are these people making?

$12.75/hr won’t sustain much of an economy, much les buy a house.

They’re playing this low employment thing like a classic rerun episode. Problem is even with job growth housing is still tanking.

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Where is a great question, as is what are these people making?

$12.75/hr won’t sustain much of an economy, much les buy a house.

They’re playing this low employment thing like a classic rerun episode. Problem is even with job growth housing is still tanking.

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Phew! I feel better now.

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Phew! I feel better now.

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Nice find Hawk.

The longer they ignore the truth of the market condition the harsher the realziation will be. It’s only a matter of time.

It’s insulting to hear people say the market is strong, and I’m tired of hearing the unemployment is low, businesses are making money, inflation is low, spending is up and the dow is up 20% YTD. Good or bad, true or not, foreclosures are skyrocketing, MBS are dumping, and prices are dropping.

It’s only going to get worse for the next few years.

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Nice find Hawk.

The longer they ignore the truth of the market condition the harsher the realziation will be. It’s only a matter of time.

It’s insulting to hear people say the market is strong, and I’m tired of hearing the unemployment is low, businesses are making money, inflation is low, spending is up and the dow is up 20% YTD. Good or bad, true or not, foreclosures are skyrocketing, MBS are dumping, and prices are dropping.

It’s only going to get worse for the next few years.

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Not only that, this is LA. People will spend it on boob jobs, Ferraris, and a platinum plated grill, before they do something sensible like buy a house entirely.

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Not only that, this is LA. People will spend it on boob jobs, Ferraris, and a platinum plated grill, before they do something sensible like buy a house entirely.

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stop_the_bubble_hype,

Just curious. Where in LA are the properties, and what are they? SFR? Condo? Mutliplex?

It’s a longshot because even if it is what I am looking for, they likely want to make 100K on each property.

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stop_the_bubble_hype,

Just curious. Where in LA are the properties, and what are they? SFR? Condo? Mutliplex?

It’s a longshot because even if it is what I am looking for, they likely want to make 100K on each property.

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Scruffydog epitomizes all that is wrong with the housing industry right now: blatant disregard for facts, baseless propaganda, and a high horse know-it-all mentality, convinced their comments can sway the “little people” into prolonging a completely temporary bubble.

One that likely gave them lifestyle they can’t afford either, at the expense of the unknowing and all-trusting victim of outright lies.

He’s only here to stir the pot, and if he really read what was on here by Rich and others who know what they are talking about, scruffy would probably shave and look for a career change.

Please note I’m not saying all in the industry are this way. I believe scruffydog typifies those afraid to face the music of their wrecklessness of the past several years.

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