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U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years

 
Anonymous Coward
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03/21/2011 10:15 AM
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U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Sales of previously owned U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly nine years, an industry group said Monday. [link to www.cnbc.com]
Anonymous Coward
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03/21/2011 10:17 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Sales of previously owned U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly nine years, an industry group said Monday. [link to www.cnbc.com]
 Quoting: David the Clairvoyant


yeah but, but, yeah, but, but, but, yeah but the MSM said we are in an economic recovery!
Anonymous Coward
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03/21/2011 10:18 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
unexpectedly for who? The sheeple? LOL
Anonymous Coward
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03/21/2011 10:19 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
How are all these homes falling? Earthquakes or just shoddy construction???
Anonymous Coward
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03/21/2011 10:20 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Brief is having a shit fit.
Anonymous Coward
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03/21/2011 10:21 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Maybe people should stop crying and be happy that prices fall?

MORE AFFORDABLE HOMES.


FUCK THOSE WHO BOUGHT HOUSES TO SELL THEM A FEW WEEKS LATER.... Flippers can go fuck themselves and I hope they all go bankrupt.
Anonymous Coward
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03/21/2011 10:27 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
So of course, the Dow is up 200 points!
Anonymous Coward
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03/21/2011 10:36 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
I read on MSN money that the reason the dow is up is because of the news out of Japan has said less doom. But CNN just reported smoke out of reactor 2 and 3...I don't get it. The situation is still ongoing. What a joke.
weegie

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03/21/2011 10:40 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
UNEXPECTEDLY!?!?!?!!? When are those asses gonna figure out that they have destroyed this country? Unemployed people with at least half a brain don't go out and buy houses.
calendulaceum

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03/21/2011 10:50 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Everyone is screaming buy silver, why not buy homes?
Have a lovely day...
Anonymous Coward
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03/21/2011 10:57 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Everyone is screaming buy silver, why not buy homes?
 Quoting: calendulaceum


homes have a long way to fall price wise , silver does not. besides in some areas even a "free home" will cost more in taxes and fees to support the local parasites . not too mention fixing it up , chinese poison wall anyone ?
then they will ever be worth .

so fuck em right in the goat arse don't buy rent with friends and live cheap and watch it all fall down. of course people that would have been homeowners in the past are no neck deep in debt shit and raking the neighbors leaves for beer money . IE anyone paying 500 a month or more in college loans working at taco bell is not buying a house not next year , not next decade . by the time they could even afford a "free house" most of those will be beyond salvaging
Anonymous Coward
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03/21/2011 11:01 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
In other words: it's a buyers market.
Anonymous Coward
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03/21/2011 11:01 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Everyone is screaming buy silver, why not buy homes?
 Quoting: calendulaceum


There is no debt tied to silver whereas there is debt tied to homes.

I suggest reading some Reggie Middleton for you.

Four years foreclosure inventory. Fannie, Freddie are supposed to be downsized. Interest rates will rise, making interest payments higher and homes less affordable. Jobs continue to be destroyed thru misallocation of capital. On and on. RE is a bust.
Anonymous Coward
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03/21/2011 11:03 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
In other words: it's a buyers market.
 Quoting: Anonymous Coward 1307376


True, it is a buyer's market, but now is not the time to buy if you want appreciation of capital and preservation of wealth...unless the dollar collapses quickly. But, in that scenario, silver would still outperform...as would bags of rice.
Anonymous Coward
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03/21/2011 11:05 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
So now we can all buy homes with money we don't have! Hurray! 5abanana2banana2rockonbanana2
Anonymous Coward
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03/21/2011 11:05 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
I read on MSN money that the reason the dow is up is because of the news out of Japan has said less doom. But CNN just reported smoke out of reactor 2 and 3...I don't get it. The situation is still ongoing. What a joke.
 Quoting: Anonymous Coward 380667


The MSM needs an explanation. Wall Street has a guy who the MSM call - and he tells the media "It's because of (blah)" and they believe whatever the fuck he says because they're too stupid to understand what REALLY happens on Wall Street.

It's up because SOMEBODY decided it should go up. That's all. All media explanantions are bullshit.


As far as home sales go, they are just using a trick that corporations do:

1. They've been lying for months about the sales figures to make them "higher than expected".

2. Now that the bullshit is obvious, even to Joe and Susie Yuppie, they realize they have to "correct" the situation by releasing some horrible numbers.

3. Now, next month, when everyone has forgotten, they'll pile even more shit on top of last months numbers - saying it was EVEN WAY WORSE than they thought.

4. Guess what March numbers are gonna be? That's right, grasshopper, "BETTER THAN EXPECTED"

It's just an endless game.
Anonymous Coward
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03/21/2011 11:06 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Those smug Aussies think their property bubble wont pop.

Bwahahaha!
Anonymous Coward
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03/21/2011 11:07 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Not to worry, President Obama is monitoring the situation!
Anonymous Coward
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03/21/2011 11:08 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
time to buy a house.
Anonymous Coward
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03/21/2011 11:22 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Everyone is screaming buy silver, why not buy homes?
 Quoting: calendulaceum


In reality a home is like a car, it depreciates in value because of maintenance requirements. The only thing that has allowed for real estate to seemingly appreciate in price is the bubble in prices blown by cheap financing by the central bank.

But that cheap financing undermines the purchasing power of the dollar, so on net there are no gains and you must include losses for maintenance.

If you want shelter, with the given qualities any house might offer then great it's like buying a Porsche, if you like the performance and gleam and can afford it, super. If you can't might as well drive something else.
Lion Hound

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03/21/2011 11:25 AM

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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
time to buy a house.
 Quoting: Anonymous Coward 1145248


NOT YET. Didn't you listen to ACs 1305630 and 12560*** (or something like that)

They are correct!
Anonymous Coward
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03/21/2011 11:31 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
LOL! Everything concerning the economy with this administration is "unexpected" or "suprising". Let me tell what is suspected. They are doing this shit on purpose. After all the bitchin from anyone opposing obamas policies they still claim "unexpected" No, this shit is exactly what they want it to be. The elimination of the middle class of the US!

If you support obama still, you are just as guility!
Anonymous Coward
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03/21/2011 11:37 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
The game is to steal everyone's wealth.

Simple. Take away home ownership. Those that want to sell be prepared to get what you would have paid before the bubble was being blown up, say around the same price in 1999.
Anonymous Coward
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03/21/2011 11:39 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
thats a shocking news!
gasp
Waterbug

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03/21/2011 11:41 AM

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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
LOL! Everything concerning the economy with this administration is "unexpected" or "suprising". Let me tell what is suspected. They are doing this shit on purpose. After all the bitchin from anyone opposing obamas policies they still claim "unexpected" No, this shit is exactly what they want it to be. The elimination of the middle class of the US!

If you support obama still, you are just as guility!
 Quoting: Anonymous Coward 1307200




A lot of middle-class self-employed working americans depend on the investment in and subsequent appreciation of their homes to help them in retirement. I have been improving my home for 24 years and as I see my hard-earned money evaporated into thin air as the value of my home decreases it makes me very angry to see bankers getting bailed out for bad business practices.
Idamo

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03/21/2011 11:41 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
time to buy a house.
 Quoting: Anonymous Coward 1145248


NOT YET. Didn't you listen to ACs 1305630 and 12560*** (or something like that)

They are correct!
 Quoting: Lion Hound





The only way it makes sense to buy right now is REO or Bank Owned, and make a low ball offer......the lower the better. You can always negotiate up, but have you ever heard of someone making a offer and the bank saying, ohh that's too much please lower your offer?

Lets say a house was on the market as a short sale for 200k but it didn't sell, now it is bank owned and they list it for 160k.....offer 80k....that is how to beat the bank.
JF Priest

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03/21/2011 11:49 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
Why?? wtf Do they expect?? The American economy is in Contraction...The Bankers are Not lending the Bailout money (Waiting to buy up Properties at pennies on the Dollar)...Companies are downsizing..Millions of laid off workers can not find employment...Their Kids can not afford College or to move out...(The kids will be forced into the Military, which will feed the Military Industrial Complex)..A new cycle has started replacing the old one.. It used to be Marry, Home, Kids, School, Marry, Home Kids, School...ect NOW its Marry, home, kids,(Foreclosure) Military .. War Machine
It Only Hurts If You Care...
Anonymous Coward
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03/21/2011 11:54 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
unexpectedly to who? the obama heads is my guess, no only did i expect it to fall it is going to fall further!
Anonymous Coward
User ID: 1305630
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03/21/2011 11:55 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
LOL! Everything concerning the economy with this administration is "unexpected" or "suprising". Let me tell what is suspected. They are doing this shit on purpose. After all the bitchin from anyone opposing obamas policies they still claim "unexpected" No, this shit is exactly what they want it to be. The elimination of the middle class of the US!

If you support obama still, you are just as guility!
 Quoting: Anonymous Coward 1307200




A lot of middle-class self-employed working americans depend on the investment in and subsequent appreciation of their homes to help them in retirement. I have been improving my home for 24 years and as I see my hard-earned money evaporated into thin air as the value of my home decreases it makes me very angry to see bankers getting bailed out for bad business practices.
 Quoting: Waterbug


A lot of boomers are in for a rude fucking awakening finance wise then.
You can not force me or anyone else with the cash to buy your house at the price you want for it. Real estate is going back to the good old days ownership wise. Which is wait for moms and pops to kick the bucket to get a house ).
LOL at every boomer who thinks they are going to cash out of their bad investments at 2005 prices ). shoulda sold when you had the chance , yobbo
Anonymous Coward
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03/21/2011 11:57 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
How are all these homes falling? Earthquakes or just shoddy construction???
 Quoting: Anonymous Coward 858586


KB Homes probably
AwakeAnon

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03/21/2011 11:59 AM
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Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years
time to buy a house.
 Quoting: Anonymous Coward 1145248


NOT YET. Didn't you listen to ACs 1305630 and 12560*** (or something like that)

They are correct!
 Quoting: Lion Hound





The only way it makes sense to buy right now is REO or Bank Owned, and make a low ball offer......the lower the better. You can always negotiate up, but have you ever heard of someone making a offer and the bank saying, ohh that's too much please lower your offer?

Lets say a house was on the market as a short sale for 200k but it didn't sell, now it is bank owned and they list it for 160k.....offer 80k....that is how to beat the bank.
 Quoting: Idamo


iamwith
"The human machine will finally bleed,
The human machine will finally cease to be.

So set yourself free,
And disengage from reality."

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