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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (237056)	1/28/2010 8:37:57 AM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

We know people that were saving up to buy a house in about 3 years because they couldn't afford one now....but they bought in 2009 instead, with the gov't giveaway. Considering, this (they stole future sales maybe 3 years out) and the demographics bust....there's no reason to build another house for maybe 15 years IMO. They dig us in deeper ever day. 1 in 9 houses are empty. Banks are sitting on (hidden) shadow inventory. 5 year option arms are about to blow to hell through 2011. These people are facing doubling and tripling of their mortgage payment. They are all foreclosures IMO. Maybe we'll end up with 1 in 8 houses empty after 2011. Same with autos....future sales were stolen maybe 3 years out. With cash for clunkers, they got people to take out auto loans that couldn't afford them. They'll probably get reposessed this year. Cash for clunkers alone popped GDP 1.7%. If any of these stimulus programs end (and they can't continue forever) we'll collapse, IMHO. Then what? Has ben thought about this? I doubt it. The same people that couldn't see anything coming, now are telling us everything is fixed.

To: Perspective who wrote (237056)	1/28/2010 8:42:16 AM
From: DebtBomb	Respond to of 306849

I'm with Faber....complete financial collapse and financial armageddon. I think patron and Celente are way too optimistic. ;-)

To: Perspective who wrote (237056)	1/28/2010 9:05:52 AM
From: Think4Yourself	Respond to of 306849

Not only was the demand brought forward, but the housing prices rise to reflect the discount. You are therefore paying whether you buy or not (as a taxpayer) and you are paying again if you do buy. Same thing happens with education. Give a benefit and the cost of education rises roughly to match. The student gets almost none of the benefit unless the schools are financially controlled, like most community colleges. Classes at the community college are one fourth to one tenth the cost for the same classes at the mainline colleges. Most interesting part is the instructors at the community college are FAR better teachers, at least around here. It's also happening with energy star appliances right now, and it happened with insulation when the government decided to give tax incentives. EVERY time the government tries to "fix" something they shouldn't be meddling with, they end up making the overall situation worse for the people.

To: Perspective who wrote (237056)	1/28/2010 9:10:17 AM
From: DebtBomb	Read Replies (3) \| Respond to of 306849

You know what....I think even with continuing the stimulus programs....it won't matter. You can only rob future sales out so far and then nothing makes a difference. After $11 trillion thrown down the rat-hole....see any new jobs? They are just digging us in deeper every day, IMHO. They won't do the right thing. They won't let the losers fail in capitalism....and let the competent people take over. So....it just continues on. Reward losers....that will fix everything. How could people here see everything coming and our leaders see nothing coming? Are we actually that much smarter than them? Or are they just flat out liars? We should have their jobs, and they should should be collecting unemployment until it runs out. But....the losers get rewarded....and on it goes. If any one of those guys were running a company, and ran it into the ground....they would have been fired a long time ago. Things are just too far gone. There's no way out now, IMHO. I'm with Faber....complete financial collapse and financial armageddon.

To: Perspective who wrote (237056)	1/28/2010 3:18:54 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

bobcor, the subsidy allows the banksters to control when housing goes down. the traders make money either way - especially when they control the future and only they know what they will do...