U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years | |
Anonymous Coward User ID: 1246639 United States 03/21/2011 10:17 AM Report Abusive Post Report Copyright Violation | 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 Clairvoyantyeah but, but, yeah, but, but, but, yeah but the MSM said we are in an economic recovery! |
Anonymous Coward User ID: 1307290 Canada 03/21/2011 10:18 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 858586 United States 03/21/2011 10:19 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1307192 United States 03/21/2011 10:20 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1307290 Canada 03/21/2011 10:21 AM Report Abusive Post Report Copyright Violation | Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years 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 User ID: 1093771 United States 03/21/2011 10:27 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 380667 United States 03/21/2011 10:36 AM Report Abusive Post Report Copyright Violation | 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 User ID: 1288250 United Arab Emirates 03/21/2011 10:40 AM Report Abusive Post Report Copyright Violation | |
calendulaceum User ID: 1307361 United States 03/21/2011 10:50 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1305630 United States 03/21/2011 10:57 AM Report Abusive Post Report Copyright Violation | 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: calendulaceumhomes 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 User ID: 1307376 Canada 03/21/2011 11:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1256036 United States 03/21/2011 11:01 AM Report Abusive Post Report Copyright Violation | 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: calendulaceumThere 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 User ID: 1256036 United States 03/21/2011 11:03 AM Report Abusive Post Report Copyright Violation | 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 1307376True, 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 User ID: 968792 United States 03/21/2011 11:05 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 983877 United States 03/21/2011 11:05 AM Report Abusive Post Report Copyright Violation | 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 380667The 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 User ID: 990655 United States 03/21/2011 11:06 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1306742 Germany 03/21/2011 11:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1145248 United States 03/21/2011 11:08 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 961432 United States 03/21/2011 11:22 AM Report Abusive Post Report Copyright Violation | 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: calendulaceumIn 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 User ID: 1307286 United States 03/21/2011 11:25 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1307200 United States 03/21/2011 11:31 AM Report Abusive Post Report Copyright Violation | 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 User ID: 1299268 United States 03/21/2011 11:37 AM Report Abusive Post Report Copyright Violation | 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 User ID: 1152154 United States 03/21/2011 11:39 AM Report Abusive Post Report Copyright Violation | |
Waterbug User ID: 1295673 United States 03/21/2011 11:41 AM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 1307200If you support obama still, you are just as guility! 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 User ID: 1304086 United States 03/21/2011 11:41 AM Report Abusive Post Report Copyright Violation | 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 1145248NOT YET. Didn't you listen to ACs 1305630 and 12560*** (or something like that) They are correct! 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 User ID: 1069469 United States 03/21/2011 11:49 AM Report Abusive Post Report Copyright Violation | Re: U.S. homes fell unexpectedly sharply in February and prices fell to their lowest in nearly 9 years Why?? 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 User ID: 1100531 United States 03/21/2011 11:54 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1305630 United States 03/21/2011 11:55 AM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 1307200If you support obama still, you are just as guility! 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. 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 User ID: 1302027 United States 03/21/2011 11:57 AM Report Abusive Post Report Copyright Violation | |
AwakeAnon User ID: 1289412 United States 03/21/2011 11:59 AM Report Abusive Post Report Copyright Violation | 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 1145248NOT YET. Didn't you listen to ACs 1305630 and 12560*** (or something like that) They are correct! 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. "The human machine will finally bleed, The human machine will finally cease to be. So set yourself free, And disengage from reality." |