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To: mishedlo who wrote (50552)1/20/2006 9:51:42 PM
From: Colin H  Respond to of 110194
 
As outlined in that infamous 2002(?) Bernanke speech, the Fed in concert with the US Treas., could direct money at housing.

US Treas could buy real assets, through the HUD, and the Fed can come along and fund the whole venture.



To: mishedlo who wrote (50552)1/20/2006 10:08:36 PM
From: TimbaBear  Read Replies (1) | Respond to of 110194
 
This has been discussed 1000 times.
The FED can print money it can NOT direct it at housing.

Printing more money did not bail out the Japanese bubble in housing now did it?


I know you are too bright a guy to be as obtuse as this makes you sound. Therefore I must conclude that your rigid belief in your theory blinds you to looking at that which seriously conflicts with it.

I can see no further point in us moving along this trail. You believe rigidly in what you believe and I still seek answers that can stand bright light from all directions.

Be well, and with that much passion, I hope for your sake you are correct in your belief.

Timba



To: mishedlo who wrote (50552)1/22/2006 7:55:35 PM
From: shades  Read Replies (1) | Respond to of 110194
 
Printing more money did not bail out the Japanese bubble in housing now did it?

Japanese had a severe immigration issue that we dont seem to suffer - they just needed to import more citizens quickly and those new condos I saw sit empty in asia would have had USE - McMannis tells me FL is screwed - well I just saw on TV that a small town in central FL called Mulberry - where some relatives used to live - has 6,000 new homes coming in - 5 times what is there now and lots of development about to skyrocket - they talked to the local long term residents - they said they like small town life - no congestion - everyone knows everyone - dont want more people - well they also interviewed some recent clownifornia man who just moved to mulberry and bought a couple houses and cant wait for the development to come - he said he couldn't wait for more people to come in and boost his HOUSE PRICES - BWAHAHA.

Is that all anyone in california cares about? Screw the culture and happy citizens - make me rich baby! Ugh.

baynews9.com

Big plans for a small city
Sunday, January 22, 2006

Click here for enlarged image.

Mulberry residents describe their berg in Polk County as typical small town USA. And they want to keep it that way.

"I love it here," R.D. Cooper said. "I think Mulberry's the greatest town I've ever been in."

Only 1,300 homes are inside the city limits. But a Miami-based developer wants to build 6,000 more on the west side of town, with some of the property having to be annexed from the county.

The proposal by Landstar Homes includes three developments mixed with single-family homes and townhouses.

The population of Mulberry sits at just under 3,500. If the developers get their way, the population of the tiny town would multiply more than five times.

"I was hoping for all the development coming this way to reach Mulberry," said William Alston, who recently moved here from California. "I think it's going to and it will drive up land prices. So, to me it's an investment and something I want."

But long-time resident R.J. Shelton said he's worried how the proposed development would impact his finances.

"Utilities will be higher, the rent for the renters will go up, property taxes will go higher and everything," Shelton said.


R.D. Cooper likes Mulberry just the way it is and can do without any more congestion.

Besides the financial impact the new homes could have on Mulberry, Cooper said he's concerned about congestion.

"That's what I like about Mulberry," Cooper said. "I can run down to the restaurant and get a cup of coffee without fighting a big line of traffic."

The city is also worried about potential growing pains. Engineering and utility issues that must be solved before any deal is made.

Mulberry Mayor Mark Seigler said the development would be a huge boost to the city's economy. But there's still details to be worked out.

A smaller residential development of 2,500 homes has already been approved for the city, with construction beginning later this year.

I must confess - I am SICK of the new engineering and construction I see all over florida - roads tore up from west palm beach to tallahassee - sewer pipes being installed everywhere - nice sunday drives being turned into death races from all the congestion.