Forum Replies Created
-
AuthorPosts
-
socrattt
Participantsdr, I am thinking the argument here isn’t so much that the FED is in control of the RE markets, but that the FED does have some control over inventory, whether direct or indirect. Those who now believe that our politicians are here to benefit the people and that are economic system has some sort of stability are the ones wearing the tin foil hats these days. It’s not a conspiracy theory to think the FED manipulates just about every sector that interferes or affects lending and the value of the dollar. It’s fact.
I went to a luncheon with Steve Forbes last week and had a chance to hear his take on the US economy. He was a pessimist to say the least. He thought we were heading down a very grim road in many aspects.
I am not as much a conspiracy theorist as I am a realist. We, as Americans, are programmed to spend, which is the driving force of this economy. This in itself is very problematic for our current economic status. Unless we make some major changes in this country I don’t believe America can remain sustainable from an economic standpoint. If this deserves a tin foil hat, sign me up!!
Participantsdr, I am thinking the argument here isn’t so much that the FED is in control of the RE markets, but that the FED does have some control over inventory, whether direct or indirect. Those who now believe that our politicians are here to benefit the people and that are economic system has some sort of stability are the ones wearing the tin foil hats these days. It’s not a conspiracy theory to think the FED manipulates just about every sector that interferes or affects lending and the value of the dollar. It’s fact.
I went to a luncheon with Steve Forbes last week and had a chance to hear his take on the US economy. He was a pessimist to say the least. He thought we were heading down a very grim road in many aspects.
I am not as much a conspiracy theorist as I am a realist. We, as Americans, are programmed to spend, which is the driving force of this economy. This in itself is very problematic for our current economic status. Unless we make some major changes in this country I don’t believe America can remain sustainable from an economic standpoint. If this deserves a tin foil hat, sign me up!!
Participantsdr, I am thinking the argument here isn’t so much that the FED is in control of the RE markets, but that the FED does have some control over inventory, whether direct or indirect. Those who now believe that our politicians are here to benefit the people and that are economic system has some sort of stability are the ones wearing the tin foil hats these days. It’s not a conspiracy theory to think the FED manipulates just about every sector that interferes or affects lending and the value of the dollar. It’s fact.
I went to a luncheon with Steve Forbes last week and had a chance to hear his take on the US economy. He was a pessimist to say the least. He thought we were heading down a very grim road in many aspects.
I am not as much a conspiracy theorist as I am a realist. We, as Americans, are programmed to spend, which is the driving force of this economy. This in itself is very problematic for our current economic status. Unless we make some major changes in this country I don’t believe America can remain sustainable from an economic standpoint. If this deserves a tin foil hat, sign me up!!
Participantsdr, I am thinking the argument here isn’t so much that the FED is in control of the RE markets, but that the FED does have some control over inventory, whether direct or indirect. Those who now believe that our politicians are here to benefit the people and that are economic system has some sort of stability are the ones wearing the tin foil hats these days. It’s not a conspiracy theory to think the FED manipulates just about every sector that interferes or affects lending and the value of the dollar. It’s fact.
I went to a luncheon with Steve Forbes last week and had a chance to hear his take on the US economy. He was a pessimist to say the least. He thought we were heading down a very grim road in many aspects.
I am not as much a conspiracy theorist as I am a realist. We, as Americans, are programmed to spend, which is the driving force of this economy. This in itself is very problematic for our current economic status. Unless we make some major changes in this country I don’t believe America can remain sustainable from an economic standpoint. If this deserves a tin foil hat, sign me up!!
Participant[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]I was being facetious. Sorry that didn’t come across.
In my opinion, government intervention in housing works short term… but there will be bad results.
[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.
Will this new bubble pop and end badly? Likely.
Some conservatives posters on here like to claim things like “the government ruins everything it touches”.
But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).
If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]
Brian my apologies, I didn’t pick up on that!
Participant[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]I was being facetious. Sorry that didn’t come across.
In my opinion, government intervention in housing works short term… but there will be bad results.
[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.
Will this new bubble pop and end badly? Likely.
Some conservatives posters on here like to claim things like “the government ruins everything it touches”.
But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).
If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]
Brian my apologies, I didn’t pick up on that!
Participant[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]I was being facetious. Sorry that didn’t come across.
In my opinion, government intervention in housing works short term… but there will be bad results.
[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.
Will this new bubble pop and end badly? Likely.
Some conservatives posters on here like to claim things like “the government ruins everything it touches”.
But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).
If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]
Brian my apologies, I didn’t pick up on that!
Participant[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]I was being facetious. Sorry that didn’t come across.
In my opinion, government intervention in housing works short term… but there will be bad results.
[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.
Will this new bubble pop and end badly? Likely.
Some conservatives posters on here like to claim things like “the government ruins everything it touches”.
But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).
If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]
Brian my apologies, I didn’t pick up on that!
Participant[quote=briansd1][quote=socrattt]
Brian you say “Government action works”, how is that possible?
[/quote]I was being facetious. Sorry that didn’t come across.
In my opinion, government intervention in housing works short term… but there will be bad results.
[quote=socrattt]
We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history. [/quote]Well, see, government intervention did work in propping up house prices. The government has virtually taken over housing.
Will this new bubble pop and end badly? Likely.
Some conservatives posters on here like to claim things like “the government ruins everything it touches”.
But those same conservatives seem to think it’s perfectly OK to buy a house to live in long term because the government won’t let house prices drop further (that’s having faith that government intervention will be successful).
If government intervention is so ruinous, as claimed, the logical reaction would be not to buy into it but to get out of Dodge — as EconProf indicated he did in another thread.[/quote]
Brian my apologies, I didn’t pick up on that!
Participant[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]We have conservatives here who like to argue the government f—- everything it touches.
But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]
I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.
Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.
If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).
Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.
Participant[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]We have conservatives here who like to argue the government f—- everything it touches.
But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]
I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.
Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.
If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).
Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.
Participant[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]We have conservatives here who like to argue the government f—- everything it touches.
But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]
I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.
Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.
If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).
Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.
Participant[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]We have conservatives here who like to argue the government f—- everything it touches.
But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]
I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.
Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.
If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).
Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.
Participant[quote=briansd1][quote=pencilneck] Of course, everything is subject to change at the governments whim.
[/quote]We have conservatives here who like to argue the government f—- everything it touches.
But when it comes to propping up housing prices? Surprise!! Government action works!!![/quote]
I haven’t had a chance to post on here for a while, but every time I pop into an interesting post I see an odd reply from Brian.
Brian you say “Government action works”, how is that possible? We are now in another real estate bubble with houses having multiple offers while shadow inventory levels grow to the highest point in history.
If you are speaking for the banks, then you make somewhat of a valid point in the short term. From a long term perspective I think the banks and the government are making a terrible mistake. Citizens are angrier than they’ve ever been watching banks like BofA borrow tax payer dollars and purchase their stock back at bargain prices (I don’t really call them bargain prices, as the equity markets are just as manipulated).
Bandages on gushing wounds is nothing more than short term, so to challenge your thought process, I would say look a little deeper into the issue and don’t think that Obama is actually looking out for either of us. I saw one of your initial posts that said there are many politicians looking to do good. You are right, the first week they make it to office they plan on changing the world, then big business and banks step in and offer a friendly wage to make sure that doesn’t happen. Money is evil and both our politicians and bankers breath the greenback.
-
AuthorPosts