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Author: [General Discussion] Topic: home sales highest in three years???
mainmanmainman2 send a private message View Space | Blog | Friends | Playbook |
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#1
Posted: 9/20/2012 10:41:55 AM
anyone calling BS????


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bill702
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#2
Posted: 9/20/2012 6:13:08 PM
Calling bs? Why doesn't this make sense?
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I_Need_A_Detox
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#3
Posted: 9/20/2012 7:57:40 PM
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#4
Posted: 9/20/2012 8:10:50 PM

You can blame greedy bankers here.  The rates banks offer borrowers haven’t fallen as dramatically as the rates that they pay the bond investors.  Banks are making twice as much as they normally do on each mortgage they issue.  "Trickle Down" economics at work.  It's a joke.

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#5
Posted: 9/20/2012 8:46:32 PM
its bullshit...obamanomics
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#6
Posted: 9/20/2012 9:26:14 PM
Read a good article on the housing news:

""if we're expecting the housing market to pull us out of this recession, we're going to be disappointed. The recovery will come from hard work, innovation, and increases in productivity. Not from accounting gimmicks and bailouts with printed money from the government in fruitless attempts to defy the laws of supply and demand in the housing market."

"We've already built too many homes in the United States, and too many people still in their homes can't afford to keep them. When it comes to our housing market, we're still sitting on an economic time bomb even if we don'tkeep building houses. Building more houses now is only going to accelerate the detonation and increase its destructive force."
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bigvern1013
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#7
Posted: 9/21/2012 12:13:59 AM

It isn't that big of a deal to beat zero. 

Highest in 3 years?  Who gives a garbage.

Call me when my house is actually worth something again.

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Nut_Flopper send a private message View Space | Friends | Playbook | My Sportsbook: Pinnacle Sports |
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#8
Posted: 9/21/2012 12:48:10 AM
Can't speak for the rest of the country but the market in LA is crazy right now. Low inventory with the majority of it distressed.

Any reasonable deal that is not a short sale is snapped up immediately with multiple offers. High end homes are a little sluggish but low to mid range is extremely hot with HEAVY investor activity looking to flip.


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#9
Posted: 9/22/2012 11:43:38 AM
QUOTE Originally Posted by bigvern1013:

It isn't that big of a deal to beat zero. 

Highest in 3 years?  Who gives a garbage.

Call me when my house is actually worth something again.


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#10
Posted: 9/22/2012 12:03:03 PM
Live in Phx. Still a shitload of shadow inventory out there.   If you're buying one house to live in, now's a great time. Still some good deals, but a lot of investors are going to get burned (again).

But these news articles about the housing recovery remind me about positive spin thrown out on unemployment numbers.
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#11
Posted: 9/22/2012 1:51:26 PM
QUOTE Originally Posted by runlagos:

Read a good article on the housing news:

""if we're expecting the housing market to pull us out of this recession, we're going to be disappointed. The recovery will come from hard work, innovation, and increases in productivity. Not from accounting gimmicks and bailouts with printed money from the government in fruitless attempts to defy the laws of supply and demand in the housing market."

"We've already built too many homes in the United States, and too many people still in their homes can't afford to keep them. When it comes to our housing market, we're still sitting on an economic time bomb even if we don'tkeep building houses. Building more houses now is only going to accelerate the detonation and increase its destructive force."
I agree with this. The unfortunate part is that so many of our skilled laborers (carpenters,plumbers,masons,landscapers, etc.) are joined at the hip to new construction. It's not like we have a manufacturing base left for the blue collar middle class anymore. This type of economy is almost destined to lead to bigger government which is the only financially capable employer of the uneducated masses. Of course this comes with it's own set of pitfalls. Ultimately, the people can't afford to support the government and all hell breaks loose. 
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#12
Posted: 9/22/2012 2:07:20 PM
Houses should be selling......banks are dumping them cheap and builders are selling for 60%


http://www.newenglandmoves.com/property/details/6151/MLS-2817207/46-Veasey-Shore-Meredith-NH-03253.aspx?utm_campaign=&utm_source=www.newenglandmoves.com-emailalert&utm_medium=email&utm_content=listing
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#13
Posted: 9/22/2012 2:08:11 PM
http://www.newenglandmoves.com/property/details/6151/MLS-2817207/46-Veasey-Shore-Meredith-NH-03253.aspx?utm_campaign=&utm_source=www.newenglandmoves.com-emailalert&utm_medium=email&utm_content=listing
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#14
Posted: 9/22/2012 2:10:09 PM
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#15
Posted: 9/23/2012 12:10:52 PM
QUOTE Originally Posted by RexR:

Live in Phx. Still a shitload of shadow inventory out there.   If you're buying one house to live in, now's a great time. Still some good deals, but a lot of investors are going to get burned (again).

But these news articles about the housing recovery remind me about positive spin thrown out on unemployment numbers.


Unemployment in the US IS a GOOD thing!!!

1. Fewer people employed means less rush our traffic.
    a. Less gas used daily.
    b. Less pollution released into the atmosphere.
    c. The people who do have a job get to work faster. Reduced stress, less coronary stress, fewer heart attacks.

2. Higher employment overseas is better than giving them cash as foreign aid.

3. Stimulates the pawn broker business, building construction industry for prison and jails.

4. Increases sales of home security systems and the products needed by the home security industry.

5. Spurs the hiring of government employees to handle unemployment claims and process requests for public assistance/welfare.

People are being hired, products are being sold, the environment is not being destroyed as fast... What is wrong with those three things???

  Well???

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#16
Posted: 9/23/2012 4:41:08 PM

Live in Phx. Still a shitload of shadow inventory out there.

same here in Las Vegas, Nevada. I think it will take at least a decade to clear all the inventory. the town WAY "over-built" early to mid 2000's

GREAT deals for "snow birds" that want to retire here, though. the seniors areas in areas in Summerlin and Anthem have retained their value MUCH better than the average development.

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#17
Posted: 9/24/2012 11:05:13 AM
They are building them left and right around here.  And they are selling. But that is new homes.  There is still existing stuff out there.  

I'm going to be moving and expect to get a pretty darn good deal.  
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#18
Posted: 9/25/2012 1:20:50 PM
Of course it is BS.  Dont forget the 3 largest hedge funds in the world just bought over 4.5B in homes off the REO market.  They basically got them on .10cents on the dollar or less for every one of them and that is factored in to the number.
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