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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (25689)	8/10/2007 4:23:55 PM
From: The Wharf	Read Replies (1) \| Respond to of 81111

Searle there is not a lot of hiring going on in this area. Wages are going up but not at a fast enough rate to cover the costs of houses that were the big business. Houses are not selling prices stay up they can forever providing no one has to sell but prices change because people have to sell. This is a joint consensus made by the entire varied profession group here. This is just one area that has a problem the entire world has. If I am commercial Australia who owns commercial US I might just spin off commercial US to avoid commercial home problem. International investment CA is high in the upper end both residential and commercial it is different as locally owned adjust more rapidly to what the eyes see figures adjust later. I have not nearly enough knowledge but what I think can happen is hedges covering losses sell gains to prevent loss gains are the good companies. These companies forecast a possible credit crunch for them so it propels affects on the stock market Housing was the most lucrative market here in LA. Houses are not selling and the prints this thing has left are $1.4 and above scattered in small tracts of new houses in very old areas. This sprinkling led to increased appraised value of house in the entire area. I use to think wages will catch up but there is absolutely no indication of increased hiring going on. The property bubble has to unwind and twenty percent down which is normally max required on prime I do not feel there is enough of to cover the entire unwind. Sub primes were creative financing but primes by means of seconds taken and assorted different measures used by higher income people were pretty creative too. Qualifications were different but a known fact is Paul could of bought with zip down. Houses sold three years ago for $900 same condition as now where asking is $1.4 up and they sit and sit and sit There is a very established realtor in my area who I think is probably one of the best in his field, if he can't sell no one can. I have followed this thing like a hawk as Jeannie sold and is renting Mark does has not yet have house Paul house so far has held up his area is limited as it is beach. He disagrees with me here he feels his area beginning to drop. Good news is he is going to be a Daddy a little girl is due any time now.. I do believe I am right that does not mean you have to believe me. They can print all they want Searle but it China has a labor advantage. Our people incomes will be the final decision makers in this. Wages cant go up fast enough to off set this if they do we are doubly strapped as decreased costs are seen by business as labor outside this nation. Interesting side note to me is according to China and her GDP she is now consuming more than she produces That means inflation in consumer goods to her be it nothing for US and others to deal with. It also means she is coming to the point she does not need us. To me it sure looks we US and Canada various areas are into the last dance of property the wall flowers of for sale signs are starting to show. It is the same in Canada exclude BC and Alberta which are still stong. Searle prices have gone up so much C banks in some provinces require far more down than they once did. Wages at war with housing is self explanatory from whence comes profit that was used in normal times for a result called house.