[Huckleberry]

[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.

Did I get it all?[/quote]
All good points sdr, I totally agree…

[Huckleberry]

[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.

Did I get it all?[/quote]
All good points sdr, I totally agree…

[Huckleberry]

[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.

Did I get it all?[/quote]
All good points sdr, I totally agree…

[Huckleberry]

[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.

Did I get it all?[/quote]
All good points sdr, I totally agree…

[Huckleberry]

[quote=CA renter]Why not? The govt is encouraging all this nonsense with their “foreclosure moratoriums” and bank bailouts. For as long as they are encouraging fraud, they will get fraud. Why shouldn’t everyone else join the lender/borrower fraud orgy?[/quote]

Agreed! As long as the banks refuse to put empty REO houses (shadow inventory) on the market, which we the taxpayers have paid for in bail-outs, let homeless and people in need move in and squat for as long as they can…

At least someone will be getting the benefit from the house instead of the bank, i.e. artificially keeping housing prices high by not releasing inventory…

[Huckleberry]

[quote=CA renter]Why not? The govt is encouraging all this nonsense with their “foreclosure moratoriums” and bank bailouts. For as long as they are encouraging fraud, they will get fraud. Why shouldn’t everyone else join the lender/borrower fraud orgy?[/quote]

Agreed! As long as the banks refuse to put empty REO houses (shadow inventory) on the market, which we the taxpayers have paid for in bail-outs, let homeless and people in need move in and squat for as long as they can…

At least someone will be getting the benefit from the house instead of the bank, i.e. artificially keeping housing prices high by not releasing inventory…

[Huckleberry]

[quote=CA renter]Why not? The govt is encouraging all this nonsense with their “foreclosure moratoriums” and bank bailouts. For as long as they are encouraging fraud, they will get fraud. Why shouldn’t everyone else join the lender/borrower fraud orgy?[/quote]

Agreed! As long as the banks refuse to put empty REO houses (shadow inventory) on the market, which we the taxpayers have paid for in bail-outs, let homeless and people in need move in and squat for as long as they can…

At least someone will be getting the benefit from the house instead of the bank, i.e. artificially keeping housing prices high by not releasing inventory…

[Huckleberry]

[quote=CA renter]Why not? The govt is encouraging all this nonsense with their “foreclosure moratoriums” and bank bailouts. For as long as they are encouraging fraud, they will get fraud. Why shouldn’t everyone else join the lender/borrower fraud orgy?[/quote]

Agreed! As long as the banks refuse to put empty REO houses (shadow inventory) on the market, which we the taxpayers have paid for in bail-outs, let homeless and people in need move in and squat for as long as they can…

At least someone will be getting the benefit from the house instead of the bank, i.e. artificially keeping housing prices high by not releasing inventory…

[Huckleberry]

[quote=CA renter]Why not? The govt is encouraging all this nonsense with their “foreclosure moratoriums” and bank bailouts. For as long as they are encouraging fraud, they will get fraud. Why shouldn’t everyone else join the lender/borrower fraud orgy?[/quote]

Agreed! As long as the banks refuse to put empty REO houses (shadow inventory) on the market, which we the taxpayers have paid for in bail-outs, let homeless and people in need move in and squat for as long as they can…

At least someone will be getting the benefit from the house instead of the bank, i.e. artificially keeping housing prices high by not releasing inventory…

[Huckleberry]

Rich,

I was merely wondering if any of the recent market variables that have transpired may have changed the theorem. I was not insinuating that your analysis was done poorly, nor was I trying to potentially debunk it based on new economic information.

Just wondering if your professional experience and knowledge still support the belief behind the articles.

Also, thank you for clarifying the short/long term time frames.

[Huckleberry]

Rich,

I was merely wondering if any of the recent market variables that have transpired may have changed the theorem. I was not insinuating that your analysis was done poorly, nor was I trying to potentially debunk it based on new economic information.

Just wondering if your professional experience and knowledge still support the belief behind the articles.

Also, thank you for clarifying the short/long term time frames.

[Huckleberry]

Rich,

I was merely wondering if any of the recent market variables that have transpired may have changed the theorem. I was not insinuating that your analysis was done poorly, nor was I trying to potentially debunk it based on new economic information.

Just wondering if your professional experience and knowledge still support the belief behind the articles.

Also, thank you for clarifying the short/long term time frames.

[Huckleberry]

Rich,

I was merely wondering if any of the recent market variables that have transpired may have changed the theorem. I was not insinuating that your analysis was done poorly, nor was I trying to potentially debunk it based on new economic information.

Just wondering if your professional experience and knowledge still support the belief behind the articles.

Also, thank you for clarifying the short/long term time frames.

[Huckleberry]

Rich,

I was merely wondering if any of the recent market variables that have transpired may have changed the theorem. I was not insinuating that your analysis was done poorly, nor was I trying to potentially debunk it based on new economic information.

Just wondering if your professional experience and knowledge still support the belief behind the articles.

Also, thank you for clarifying the short/long term time frames.

[Huckleberry]

It appears like this may be a good thread to restart.

Many well known economists (and even a few dissenting members of the Fed) are now starting to become highly interested/worried about the US economy becoming deflationary over the next year.

What are Piggs experiences and thoughts regarding what they’re seeing and reading?

Rich, I know you recently wrote an article expressing your view and the low probability of this. Do you still stand by your assessment/analysis?
http://www.pcasd.com/us_not_going_down_japans_road

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