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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Road Walker who wrote (112087)4/3/2012 6:29:13 PM
From: John Vosilla  Read Replies (1) | Respond to of 149317
 
They desperately need your vision on the Housing Crash Board where the RE 'experts' should be. . I've been saying much the same thing for 2.5 years over there and they still don't get it.. More and more money keeps flowing looking under every rock for anything distressed, shadow inventory being sold at auction..ect... $2Trillion at $100k a pop can easily absorb 20M homes and all this is happening with very tight credit and a job market 5M below the 2007 peak. This will all be over in most areas in two more years..



To: Road Walker who wrote (112087)4/3/2012 7:12:51 PM
From: tejek  Respond to of 149317
 
I just wish the Fed would get out of the way and let Americans do their thing with less Central Economic Planning.

This couldn't be happening without the Fed keeping interest rates low. That's allowing the bottom feeders to sop up the inventory so normal folks like you and I will eventually get some appreciation, and the folks that stick it out may get out from underwater mortgages.

That sounds way too sane. There must be something wrong with it. ;)



To: Road Walker who wrote (112087)4/3/2012 8:52:57 PM
From: RetiredNow  Read Replies (1) | Respond to of 149317
 
That much is true. It's a great reshuffling of cards. The low interest rates are causing this action. But there are other costs. It's a purposeful re-allocation of capital from one part of the economy to another. I would much prefer to see the free markets do the clearing, not the Fed. It is arrogant to think a handful of people can make better decisions than millions acting in concert to reach economic equilibrium.