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latesummer2008
ParticipantOver 31% decline per year if you do the math. 2.6% Month to Month drop.
Only fools are buying now…
ParticipantThornberg is the only one that speaks the truth. He had to leave UCLA because of it. The guy is brilliant and tells it like it is.
LISTEN to anything he says….
ParticipantThornberg is the only one that speaks the truth. He had to leave UCLA because of it. The guy is brilliant and tells it like it is.
LISTEN to anything he says….
ParticipantNAHB tried to paint a rosy picture today. 16.2% increase in SALES, MONTH to MONTH. But, -11.1% decline in the MEDIAN PRICE MONTH to MONTH also. Builders KNOW what lies ahead, and are undercutting the market. Can you imagine what the Existing Home Sales are going to look like? They don’t have the luxury of slashing prices. Who would buy a Used House when, you can buy a New One, heavily discounted?
NAR numbers will be ugly tomorrow after sifting through the spin.
ParticipantNAHB tried to paint a rosy picture today. 16.2% increase in SALES, MONTH to MONTH. But, -11.1% decline in the MEDIAN PRICE MONTH to MONTH also. Builders KNOW what lies ahead, and are undercutting the market. Can you imagine what the Existing Home Sales are going to look like? They don’t have the luxury of slashing prices. Who would buy a Used House when, you can buy a New One, heavily discounted?
NAR numbers will be ugly tomorrow after sifting through the spin.
ParticipantLuchabee, You assume everyone is educated in this country. BIG MISTAKE. Most are not WELL educated. Not all have the same access to “Quality Education”. Perhaps that is intended in order to keep fleecing the masses. Ever think about that? Sure schools have problems, So why don’t tax payers demand audits? Maybe, if most of the country is uneducated, The TRANSFER OF WEALTH can continue as it has throughout history in this and every other country, since time began. Mortgage Mess is a Prime Example, that is going to bite this country in the ass..
Your arguments are terribly flawed and self serving for a priviledged few. Are you perhaps white, well educated, from a upper middle class family? Just a guess…
ParticipantLuchabee, You assume everyone is educated in this country. BIG MISTAKE. Most are not WELL educated. Not all have the same access to “Quality Education”. Perhaps that is intended in order to keep fleecing the masses. Ever think about that? Sure schools have problems, So why don’t tax payers demand audits? Maybe, if most of the country is uneducated, The TRANSFER OF WEALTH can continue as it has throughout history in this and every other country, since time began. Mortgage Mess is a Prime Example, that is going to bite this country in the ass..
Your arguments are terribly flawed and self serving for a priviledged few. Are you perhaps white, well educated, from a upper middle class family? Just a guess…
ParticipantBlame it on the Weather, the Calendar, who knows, maybe NAR will start measuring sales:
Week to Week,
Day to Day,
Hour to Hour….
Surely they can cherrypick something out of the data.
Some people believe there could be as much as a 10% ERROR to the downside, in their reporting. Trying to float through this “soft patch”, I guess. It will be interesting to see, what they come up with. Hopefully, they don’t read this blog and steal c14s lines!
ParticipantBlame it on the Weather, the Calendar, who knows, maybe NAR will start measuring sales:
Week to Week,
Day to Day,
Hour to Hour….
Surely they can cherrypick something out of the data.
Some people believe there could be as much as a 10% ERROR to the downside, in their reporting. Trying to float through this “soft patch”, I guess. It will be interesting to see, what they come up with. Hopefully, they don’t read this blog and steal c14s lines!
ParticipantMini Disaster? R U Kidding? Real Estate Fraud encouraged by the government to get us out of an economic hole? Well we have a hole, alright. I’m sorry, but letting arguably, the most unscrupulous industry have free reign on consumers is NOT what our GOVT should be emphasizing. Just a bad quick fix, that has made things WORSE.
Wake up and smell the coffee…
ParticipantMini Disaster? R U Kidding? Real Estate Fraud encouraged by the government to get us out of an economic hole? Well we have a hole, alright. I’m sorry, but letting arguably, the most unscrupulous industry have free reign on consumers is NOT what our GOVT should be emphasizing. Just a bad quick fix, that has made things WORSE.
Wake up and smell the coffee…
ParticipantSpinmiesters are Revving up their BS. I Can’t believe anyone takes them seriously anymore.
Wait until this summer when things get ugly.
ParticipantSpinmiesters are Revving up their BS. I Can’t believe anyone takes them seriously anymore.
Wait until this summer when things get ugly.
ParticipantTransfer of Wealth… It has been going on for Ages ! Nothing is different now except the people at the top don’t wear white wigs any more. It’ll take some time to clean up this !@$%#%*& mess. And then it will start over again with a new round of the masses.. Exactly what happened in the 80s Dr. Chaos, yet this time will be worse. Could spark a Global meltdown. Let’s hope not, but this stinks bad, to me.
I wouldn’t advise touching any real estate, right now…
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