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

To: Les H who wrote (264924)	7/29/2010 11:36:53 AM
From: Les H	Read Replies (1) \| Respond to of 306849

Real estate incentives out of style among price-focused shoppers By JIM BUCHTA - Star Tribune (Minneapolis) MINNEAPOLIS -- Government cash didn't help John Foley and Cindy Case sell their Minneapolis house before the federal home buyer's tax credit expired at the end of April, so the couple decided to take matters into their own hands. They hosted a backyard party with food and an open bar, invited the neighbors and professional contractors - in case potential buyers had questions about remodeling. To top it off, they're offering their own $8,000 rebate on the $675,000 home. Three years ago, such cash enticements were the norm. And cash was only the beginning. Sellers regularly tried to lure prospective buyers with free cars, big-screen TVs and stainless appliances at closing. But after nearly a year and a half of a government tax credit program and mounting economic uncertainty, sellers have scaled back on marketing gimmicks and buyer incentives, largely in an effort to limit their losses. Meanwhile, new rules aimed at reducing the risk of mortgage defaults have made many once-common incentives illegal, so many sellers are simply resorting to one of the oldest tricks in the book: dropping the price. thesunnews.com

To: Les H who wrote (264924)	7/29/2010 3:47:49 PM
From: Skeeter Bug	Respond to of 306849

Les, i read that 28% of households have at least one adult unemployed. -------------------------------------- SOCIETY IS BEING LOOTED! the establishment disinfo campaign continues... Fed Member’s Deflation Warning Hints at Policy Shift nytimes.com the fed is well aware of these numbers - and have been all along. market-ticker.org >>“While I am not anticipating we will be in a deflationary period, it’s a risk that I do take seriously, and we should continue to monitor what’s happening with prices,” Mr. Rosengren said in an interview. “A heightened risk of deflation is something that we should react to.” << folks "react to" means putting society into more debt in order to shift more of society's wealth into the hands of the richest people in the world. they aren't solving anything, they are looting society and making the eventual debt BOMB even worse! >>“I think the fear of deflation in and of itself is probably overblown, from my perspective,” Charles I. Plosser, president of the Philadelphia Fed, said last week in an interview. He said that inflation expectations were “well anchored” and noted that $1 trillion in bank reserves was sitting at the Fed. “It’s hard to imagine with that much money sitting around, you would have a prolonged period of deflation,” he said. << this is utter disinformation. the private economy is crashing at a 10% per annum clip. that's a depressionary sized deflation in the private sector. this clown doesn't speak of debt on iota. he doesn't speak of unsustainable deficits barely keeping the economy level. he doesn't consider that $1.6 trillion deficits can't continue off into infinity and he doesn't discuss what happens when they are withdrawn. it isn't just the deficits - the fed is putting us into debt to the tune of about $1 trillion a year - so that $2.7 trillion to their friends and family and society gets stuck with the bill and interest compounding forever... $2.7 trillion in new debt per year just to stay level? no sign of deflation? wtf? minus the terminal debt, our economy is cratering. yes, there are lots of reserves, but that doesn't matter as the private economy is debt saturated. the public economy is nigh to debt saturation and collpse follows. a deflationary collapse of utter epic proportions. and guess what? that $1 trillion win double, triple, quadruple its purchasing power - so why not sit and wait it out? the inflationistas have confused the bankster looting operation for an honest effort to stimulate the economy. no, it is a hand out to criminal banksters. they will not put $100k in your bank account of free money to save you. they are enslaving you. the IMF and the banking cartel have never driven policy to help debtors and harm themselves. they won't do it this time, either. inflation only happens if government literally goes to war with and kicks out the criminal banking cartel that runs the presidency and congress right now. i think that's low odds. the only way for inflation to occur is for our debt to rise from $52 trillion, to $55 trillion to $65 trillion, to $80 trillion, to $110 trillion to $130 trillion, to $150 trillion... the fed prints debt notes, not free and clear money. each and every time they print more debt, society gets more broke - only the recipients of that payouts get wealthier. the banksters get wealthier, society gets poorer. people, that is the game - bury society and enrich the bankster elites. it is what they have done, it is what they say they will continue to do. >>To buy all those assets, the Fed essentially printed money — the $1 trillion in reserves. If the reserves were withdrawn and lent out quickly, the supply of money in the economy could increase rapidly.<< no, they printed debt and are charging usury to the population on that $1 trillion and then paying interest to the criminal banking cartel for as their private federal reserves holds on to the cash! society gets... to pay back the trillion, to pay interest on the trillion borrowed, to pay interest when the trillion is stored at the fed. society pays, pays and then pays again! the criminal banksters get... the trillion and interest on the trillion. the banksters collect and cellect again wash, rinse, repeat until society collapses and bankster have freshly minted $10s of trillions! this is OBVIOUS people, but you can't believe the propaganda designed to HIDE THIS TRUTH from us MARKS. now, who is getting royally f*ed here and who is out of hands collecting free wealth from society? >>A new round of asset purchases would have a smaller effect than the first round,” he said. “If the F.O.M.C. returns to asset purchases, to have a meaningful effect, they would have to purchase at least $2 trillion, doubling the balance sheet.” << the trillions given to billionaire banksters isn't enough. they want more. i read $2.6 trillion more about 2 weeks ago. now they get to use the deflation care to pry another $2.6 trillion in cash from the people and leave $2.6 trillion for society to pay off, with interest. if people perceive inflation for a time, interest rates will rise and debts will evaporate - either by default or being paid off. this isn't about inflating or deflating, this about a massive looting process under way in broad day light!