tag:blogger.com,1999:blog-6492542366661862113.post2721553029884189779..comments2023-10-31T01:32:09.169-07:00Comments on The Housing Time Bomb: America Needs to Wake the Hell Up!Jeffhttp://www.blogger.com/profile/04450070920047311928noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-6492542366661862113.post-82369185728088471102009-12-01T18:44:33.917-08:002009-12-01T18:44:33.917-08:00[url=http://community.bsu.edu/members/buy+online+V...[url=http://community.bsu.edu/members/buy+online+Viagra.aspx]buy Viagra without a prescription online[/url]<br /><br />[url=http://ceklansi.ru/pervyy-raz-onalnyy-seks.php]первый раз ональный секс[/url]<br />[url=http://ceklansi.ru/da-poshlo-vse-nahuy-blyad.php]да пошло все нахуй блядь[/url]<br />[url=http://ceklansi.ru/prostitutki-v-gorode-domodedovo.php]проститутки в городе домодедово[/url]<br />[url=http://ceklansi.ru/seks-znakomstva-kaluga-doska.php]секс знакомства калуга доска[/url]<br />[url=http://ceklansi.ru/poznakomlus-dlya-kunilingusa.php]познакомлюсь для кунилингуса[/url][url=http://ceklansi.ru/nizhegorodskie-prostitutki-individualki.php]нижегородские проститутки индивидуалки[/url]<br />[url=http://ceklansi.ru/shipilovskaya-shluhi.php]шипиловская шлюхи[/url]<br />[url=http://ceklansi.ru/prostitutki-g-kaluga.php]проститутки г калуга[/url]<br />[url=http://ceklansi.ru/voskresensk-dosug.php]воскресенск досуг[/url]<br />[url=http://ceklansi.ru/rossii-dosug.php]россии досуг[/url]<br />[url=http://ceklansi.ru/seks-dosug-irkutsk.php]секс досуг иркутск[/url]<br />[url=http://ceklansi.ru/blyadi-nizhnego-novgoroda.php]бляди нижнего новгорода[/url][url=http://celuyou.ru/index.php]высокие проститутки[/url]<br />[url=http://celuyou.ru/seks-chat-n-novgoroda.php]секс чат н новгорода[/url]<br />[url=http://celuyou.ru/prostitutki-almaty-sayt.php]проститутки алматы сайт[/url]<br />[url=http://celuyou.ru/prostitutki-babushkinskaya.php]проститутки бабушкинская[/url]<br />[url=http://celuyou.ru/seks-v-gorode-omske.php]секс в городе омске[/url]<br />[url=http://deperovero.ru/znachenie-slova-blyad.php]значение слова блядь[/url]<br />[url=http://deperovero.ru/prostitutki-transvestity-moskvy.php]проститутки трансвеститы москвы[/url]<br />[url=http://mx.deperovero.ru/ischu-devushku-dlya-seksa-molodye-let-iz-yaroslavlya.php]ищу девушку для секса молодые лет из ярославля[/url]<br />[url=http://mx.deperovero.ru/saund-trek-k-teleserialu-seks-v-bolshom-gorode-mr3.php]саунд-трек к телесериалу секс в большом городе мр3[/url][url=http://rp.deperovero.ru/index.php]знакомства love planeta[/url]<br />[url=http://rp.deperovero.ru/intim-krasnogvardeyskaya.php]интим красногвардейская[/url]<br />[url=http://ss.deperovero.ru/poznakomitsya-s-tatarkoy.php]познакомиться с татаркой[/url]<br />[url=http://ss.deperovero.ru/znakomstva-sochi.php]знакомства сочи[/url]<br />[url=http://tt.deperovero.ru/seks-znakomstvo-g-kazan.php]секс знакомство г казань[/url]<br />[url=http://tt.deperovero.ru/dosug-i-seks.php]досуг и секс[/url]Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-75657460558293747552009-05-17T17:09:00.000-07:002009-05-17T17:09:00.000-07:00CT
Well Said.
I totally agree. Mark from the fi...CT<br /><br />Well Said.<br /><br />I totally agree. Mark from the fieldcheck group does a great job with the housing data.<br /><br />I try to warn some of my friends. Some of them were financial advisors who laughed off the thought that the market could collapse.<br /><br />They aren't laughing now. I think we have a ways to go. I continue to scale into short positions in small increments.<br /><br />I stay mostly in cash though. Its all about capital preservation at this point.<br /><br />GL and I hope your family starts listening to you!Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-90253358851664892522009-05-17T11:53:00.000-07:002009-05-17T11:53:00.000-07:00I think that recession is off the table. I think ...I think that recession is off the table. I think we're in a Depression.<br /><br />What we're experiencing now is a head fake. Just like that period in 1929, just after the market crashed when things stabilized, and it looked like things were going to get better. Then the other shoe fell, I believe in 1930, with 25% unemployment combined with other factors that finished us off.<br /><br />Like I said before, I've been trying to warn people close to me to get their financial affairs settled, but they are too busy listening to the people on CNBC to care much about what I have to say. They think I worry too much, that everything is under control by people who know much more about these things than I do. In other words, don't worry my pretty little head about it. It infuriates me, but I've learned now to not worry about things that I can't control<br /><br />Getting back to real estate, in the link I gave you earlier in this thread (the fieldcheckgroup one)one of the things discussed was the government sponsored deals to keep people in their homes. These aren't as good a deal as they look, and in some cases, people are better off to walk away and just get hit with the foreclosure, it would be better off for them (any deal would tie them to that property for the years of that mortgage) and for their FICO score. Most people who do choose this end up in foreclosure again anyway. The article basically compared the government backed "keeping the people in their home" mortgages (I forgot the technical term for it) with the subprime and swarmy loans that got them into trouble in the first place, and didn't find a lot of difference between them.<br /><br />This market is nowhere near close to a bottom. We're in a period of "irrational exuberance" right now. Nobody wants to listen to anyone thats telling them that this is going to end, that it's not real. But then again, I could be wrong. But until I'm proven wrong, I'm being very cautious in this market. I pick my plays very carefully, make them quickly, then take my money out. This is not a normal market, and can't be played like a normal market. I feel sorry for people who are being suckered into long term positions, because I don't think it's going to turn out well for them.<br /><br />Those that don't learn from history are doomed to repeat it.CT-Hilltopperhttps://www.blogger.com/profile/12072957592435260585noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-22752675586010908012009-05-17T00:37:00.000-07:002009-05-17T00:37:00.000-07:00Interesting take on Japan from an analyst from a n...Interesting take on Japan from an analyst from a newsletter I have access to:<br /><br />"The following is from Robert Campbell's fascinating "Campbell Real Estate Timing Letter". This is the best real estate perspective I've seen. <br /><br />"Although history never exactly repeats itself, I believe there are strong similarities about what happened in Japan and what could lay ahead for the United States. Driven by years of easy credit during the 1980s, the Japanese stock and housing market became a bubble - and everything changed when the bubble burst in 1990. <br /><br />"One of the first lessons learned - or relearned, actually - is that when asset bubbles burst, there is nothing you can do to re-inflate them. But that's what every U.S. government plan is still trying to do - keep housing prices from falling. In doing so, all we are really doing is wasting trillions and trillions of dollars and digging ourselves into deeper financial hole. <br /><br />"Another lesson learned from the Japanese experience is that plunging asset prices do not result in typical recession. The recessions are worse - sometimes far worse."Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-78554784776055031432009-05-17T00:08:00.000-07:002009-05-17T00:08:00.000-07:00Snood
I do agree that it will take a generation t...Snood<br /><br />I do agree that it will take a generation to fix this.<br /><br />I always appreciate the feedback here and I always try to give the best advice that I can.<br /><br />I just believe that home sellers are much better off getting out now versus later.<br /><br />Any of us could have made the mistake of buying at the peak. I almost bought one in 2006!<br /><br />Thank god I have contacts that explained the game to me. Japan as given us the roadmap for what to expect in terms of home prices following a bubble.<br /><br />30 years and 0 appreciation. I am passionate when it comes to people buying into the false "green shoots" theory that's being sold to us.<br /><br />Thank you for your thoughts and I always appreciate all opinions.<br /><br />Best<br />JeffJeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-43364059265204345912009-05-16T23:56:00.000-07:002009-05-16T23:56:00.000-07:00Snood
No offense but keep dreaming and get off th...Snood<br /><br />No offense but keep dreaming and get off the drugs.<br /><br />There will be no tick up in prices.<br /><br />People that overpaid for a house will never get their money back. There will be no "tick back up" in prices.<br /><br />The banks no longer want to lend like they did. If people overpaid for their house and can't sell it for what they paid they are screwed!<br /><br />There will be no mercy buying to make them whole.<br /><br />These home owners have two choices: Either they short sell it and take the hit or get foreclosed upon.<br /><br />Waiting to sell for what they paid is foolish. How many buyers of Amazon at $400 in 1999 are waiting to sell 10 years later for $400.<br /><br />The game is over and anyone that bought in 2004-2006 will be destroyed financially because there our no buyers that can qualify to pay for artificially unsustainable prices.<br /><br />Its over and holding out is foolish. If I bought a house during this time frame I would walk away.<br /><br />Bubbles never come back. I'm sorry if I sound rude but home sellers need to realize they got screwed.<br /><br />GL and please ignore the home inflation sham. <br /><br />Its all about the ability to qualify for a mortgage.<br /><br />JJeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-69618591839256130122009-05-16T23:47:00.000-07:002009-05-16T23:47:00.000-07:00Anon
Be patient.
There will be a point where pan...Anon<br /><br />Be patient.<br /><br />There will be a point where panic ansues once the denial stage has passed.<br /><br />Your 20% payemnt may be a 50% payment if you are patient.<br /><br />There is NO RUSH here. Sellers are delusional. When a housing market colapses it takes years for them to recover.<br /><br />Housing in Japan is cheaper today than it was in 1989. 30 years of zero appreciation after their bubble burst!<br /><br />Patience is a virtue! I rent and I don't plan on even looking for another 3-4 years.Jeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-36566996689361899442009-05-16T23:43:00.000-07:002009-05-16T23:43:00.000-07:00CT
Great rant!
I share your frustration in terms...CT<br /><br />Great rant!<br /><br />I share your frustration in terms of getting people to wake the hell up.<br /><br />I don't understand why Americans are not more angry.<br /><br />I am furious! Your dad sounds like a proud smart man. We need someone like that in Congress!<br /><br />Our morals have collapsed and our country is falling apart as a result.<br /><br />I appreciate the comments. Keep em coming! The more knowledge we can share with each other the better.<br /><br />JJeffhttps://www.blogger.com/profile/04450070920047311928noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-33246706774555466372009-05-16T23:17:00.000-07:002009-05-16T23:17:00.000-07:00I don't think there everyone is waiting for a rebo...I don't think there everyone is waiting for a rebound to put their house on the market, I think everyone is waiting be able to sell their house for what they owe on it. <br /><br />This means prices will rise very very slowly, probably as a rate below that of inflation. As prices go up the flood of houses on the market will force prices back down. <br /><br />It will be a generation before some people manage to get out from under their houses.Herbhttps://www.blogger.com/profile/09778090152799165490noreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-38659164615353224542009-05-16T20:21:00.000-07:002009-05-16T20:21:00.000-07:00I hope you are right about housing prices, but it ...I hope you are right about housing prices, but it sure is disheartening to see the deluded attitudes in the baltimore/washington area. <br /><br />I went looking at houses today to rent, and many of them were majorly overpriced and undermaintained. One of them had the last tenant move out over 6 months ago, and it still wasn't rented out. <br /><br />Maybe by the time prices come down I will have my 20% saved up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6492542366661862113.post-3941025710476926692009-05-16T19:27:00.000-07:002009-05-16T19:27:00.000-07:00I weep for this country. I really do.
Is there a...I weep for this country. I really do.<br /><br />Is there anyone out there that doesn't understand that the uptick in consumer spending that CNBC and all of the other asshats were getting all excited about was because people weren't paying their mortgages anymore, and that's why they had money to spend?<br /><br />The banks haven't been touching these people, and it hasn't been because of any government sponsored moratoriums. They just wanted their books to look good so they could get out of TARP quicker. Plus, theres already millions of foreclosed properties falling apart across the country from the first wave of foreclosures that haven't come close to being sold yet. Why have a lot more empty properties sitting around falling apart?<br /><br />I don't understand why the banksters don't rent out the foreclosed properties until better times. They would be making money one them, and better yet, they would have people living in them to prevent the vandalism that has been occurring.<br /><br />Anyway, to prove your point, check out this site. It mainly deals with California, but you'll getthe point.<br />http://www.fieldcheckgroup.com/blog<br /><br />Also, another feel good article, this one about the coming devaluation of the dollar and how it's being played out:<br /><br />http://zerohedge.blogspot.com/2009/05/exuberance-glut-or-dollar-euro-short.html<br /><br />I don't know what will wake the majority of Americans up, Jeff. Most are gullible. They elected someone for President running on a platform of hope and change. My father (who fought in WWII, loved his country, and died before any of this happened thank God, it would have broken his heart) always told me to beware of politicians that ran for office on hope and change, because that meant they didn't have a platform. He said that if you saw one of them coming to hold on tight to your wallet and run for the door. I think my father was one of the few intelligent men left on the planet. I haven't seen anything today that proves him wrong.<br /><br />I digress. People have been waking up a few at a time, but most won't wake up at all. I believe that. I fight this battle every day with people. They refuse to be awoken. By the time they see what's been happening all along, there will be nothing left to save. by that time, I won't even say "I told you so". It will just be too sad.CT-Hilltopperhttps://www.blogger.com/profile/12072957592435260585noreply@blogger.com