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

To: Broken_Clock who wrote (242887)	4/1/2010 5:52:38 PM
From: GST	Respond to of 306849

Well said -- look, the market would be lower without all these subsidies and holdback of inventory. One school of thought is that you can fool the market into thinking all is well -- I don't buy it. The other school of thought is to admit that it stinks, mark prices to market and be done with it. Painful -- you bet. But decisive and I think to be preferred to pulling the bandaid off one hair at a time over a period of years.

To: Broken_Clock who wrote (242887)	4/1/2010 7:06:23 PM
From: James Hutton	Respond to of 306849

Saw a story today that KBH is buying $600 million worth of land. LEN also started a PPIP unit to do the same. If anyone knew or cared about this kind of crap, they'd vote all of these as*holes out, but it ain't happening.

To: Broken_Clock who wrote (242887)	4/1/2010 8:09:41 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

The immediate problems, he says, are this spring's planned expiration of the first-time home-buyer tax credit and the Fed's mortgage-backed securities purchase program. "We can't just slam on the brakes and withdraw that -- we could but I'd hate to see what happens," he says. "When [government programs] do end there's going to be a psychological component of that ending as well, which is really hard to predict." For that reason, Shiller expects some or all of the government housing programs will be extended, raising the broader question of how the government removes all the liquidity that's been provided. i've watched shiller do interviews and have rarely seen him perform without looking like a flake... slam on the brakes and withdraw? is he joking??? people have known for SIX MONTHS that the program was set to expire in april....they've known that since the LAST expiration was EXTENDED after knowing the 'expiration date' well in advance-ng the program is a failure....a very EXPENSIVE one