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BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)

 
Luisport

User ID: 28130683
11/20/2012 08:32 AM

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BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Business Insider‏@businessinsider

BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K) [link to read.bi]
Anonymous Coward
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11/20/2012 08:37 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
The numbers are BS------- 100%
AlcoholicRunner
I abduct humans and drink at the same time.

User ID: 23182389
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11/20/2012 08:41 AM

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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
that's a good thing right?
 Quoting: ^TrInItY^


It is in Texas while it's relatively cheap. I'm one of them... My soon to be built house next month surrounded by 3 streets which was nearly empty in July are now nearly full. Things are moving fast as hell.
MultiStrada

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11/20/2012 08:50 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Expect the same ole same ole.

I still see more real estate agents working part-time.
AmericanJedi

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United States
11/20/2012 08:55 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
[link to www.davemanuel.com]

This guy gives a good explanation of what a housing start is, it doesn't mean shit if no one can buy the home. I can build sculptures of Dancing Polar Bears and say, "I'm starting a project", doesn't mean that I will sell them.
(GLP aka American Jedi)

Listen here you beautiful bitch, I'm about to fuck you up with some truth.
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"The last of the old?"

"No, the first of the new."
Anonymous Coward
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United States
11/20/2012 08:55 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Expect the same ole same ole.

I still see more real estate agents working part-time.
 Quoting: MultiStrada


That's because from '99 to present, everyone who dropped out of college after a year or two got their licence!
Luisport (OP)

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11/20/2012 08:59 AM

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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
5 minzerohedge‏@zerohedge

Housing Starts Print At 4 Year High, As Sandy Effect Mysteriously Avoided [link to www.zerohedge.com] …

14 minzerohedge‏@zerohedge

Starts of 1-Unit houses in the North East dropped to 3.5K, lowest since February
Anonymous Coward
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11/20/2012 09:00 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Said to look at building permits for real numbers and they're bearish. What does that mean?
Anonymous Coward
User ID: 13864401
United States
11/20/2012 09:01 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Business Insider‏@businessinsider

BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K) [link to read.bi]
 Quoting: Luisport


Housing is going straight up from here.... The fed is printing and will ensure that housing goes straight up from here... Hyperinflation here we come...
Anonymous Coward
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United States
11/20/2012 09:02 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Said to look at building permits for real numbers and they're bearish. What does that mean?
 Quoting: Anonymous Coward 8988517


It means your 200k house will soon be worth 1 million, however you won't be able to afford a loaf of bread..
Anonymous Coward
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United States
11/20/2012 09:02 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Business Insider‏@businessinsider

BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K) [link to read.bi]
 Quoting: Luisport


THIS is so much bullshit!!!

bsflag

NOBODY CAN AFFORD A NEW HOUSE.

Hell, people are doing well to buy food and gasoline.

So your information is HORSE SHIT

bsflag
Anonymous Coward
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11/20/2012 09:04 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Business Insider‏@businessinsider

BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K) [link to read.bi]
 Quoting: Luisport


I feel sorry, now, for the renters (a year ago- I felt for the homeowners who were losing money hand ove fist) because rent is going straight up..
MultiStrada

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11/20/2012 09:04 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Said to look at building permits for real numbers and they're bearish. What does that mean?
 Quoting: Anonymous Coward 8988517


It means your 200k house will soon be worth 1 million, however you won't be able to afford a loaf of bread..
 Quoting: Anonymous Coward 13864401


It would have to be that way with an infinite debt ceiling.
Anonymous Coward
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United States
11/20/2012 09:05 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Business Insider‏@businessinsider

BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K) [link to read.bi]
 Quoting: Luisport


THIS is so much bullshit!!!

bsflag

NOBODY CAN AFFORD A NEW HOUSE.

Hell, people are doing well to buy food and gasoline.

So your information is HORSE SHIT

bsflag
 Quoting: Anonymous Coward 26910342


Smart money ((ie fed and big investors) are buying all the real estate they can right now... They know whats coming..
in5d

User ID: 26897578
United States
11/20/2012 09:08 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
The numbers are BS------- 100%
 Quoting: Anonymous Coward 636900


I totally agree... these numbers aren't congruent with the economy
Anonymous Coward
User ID: 13864401
United States
11/20/2012 09:14 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
The numbers are BS------- 100%
 Quoting: Anonymous Coward 636900


I totally agree... these numbers aren't congruent with the economy
 Quoting: in5d


Unfortuanetly the fed doesn't care about the economy, they are just buying up everything in sight. Why do you think they are going to start building like crazy, most areas still have foreclosures to go through... They dont care..
Anonymous Coward
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11/20/2012 09:33 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
that's a good thing right?
 Quoting: ^TrInItY^


It is in Texas while it's relatively cheap. I'm one of them... My soon to be built house next month surrounded by 3 streets which was nearly empty in July are now nearly full. Things are moving fast as hell.
 Quoting: AlcoholicRunner


Where in Texas, if I may ask?

Wouldn't it have been cheaper to buy a foreclosure? Or is that not the way it goes anymore?
Anonymous Coward
User ID: 28008747
United States
11/20/2012 09:38 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Business Insider‏@businessinsider

BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K) [link to read.bi]
 Quoting: Luisport


Housing is going straight up from here.... The fed is printing and will ensure that housing goes straight up from here... Hyperinflation here we come...
 Quoting: Anonymous Coward 13864401


Sandy will increase values in the Northeast for houses that are not flooded. Sandy destroyed some inventory, and it will also be a while before builders can start or continue what they were already building.
MuzzleBreak

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United States
11/20/2012 10:02 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
22 foreclosure notices in the small hometown paper today.
In his book, "Between Two Ages," Brzezinski wrote: "The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values."

MuzzleBreak
AlcoholicRunner
I abduct humans and drink at the same time.

User ID: 23182389
United States
11/20/2012 10:09 AM

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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
that's a good thing right?
 Quoting: ^TrInItY^


It is in Texas while it's relatively cheap. I'm one of them... My soon to be built house next month surrounded by 3 streets which was nearly empty in July are now nearly full. Things are moving fast as hell.
 Quoting: AlcoholicRunner


Where in Texas, if I may ask?

Wouldn't it have been cheaper to buy a foreclosure? Or is that not the way it goes anymore?
 Quoting: Anonymous Coward 28008747


Austin at least in the hill country off highway 71 for my new place but I don't know about the whole city though. I read Austin's newspaper Statesman a while ago and was under the impression that the demand for new housing is high.

[link to www.theatlanticcities.com]

Looks like it is everywhere in Texas.
Anonymous Coward
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11/20/2012 10:12 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Only an idiot would sign a mortgage at this time.....
Anonymous Coward
User ID: 636900
United States
11/20/2012 10:17 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Business Insider‏@businessinsider

BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K) [link to read.bi]
 Quoting: Luisport


Housing is going straight up from here.... The fed is printing and will ensure that housing goes straight up from here... Hyperinflation here we come...
 Quoting: Anonymous Coward 13864401


This may be true- as the feb buys 70 mil a month of their own debt--- lol

and the idiots will line up to the slaughter.
Anonymous Coward
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United States
11/20/2012 10:18 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Said to look at building permits for real numbers and they're bearish. What does that mean?
 Quoting: Anonymous Coward 8988517


It means your 200k house will soon be worth 1 million, however you won't be able to afford a loaf of bread..
 Quoting: Anonymous Coward 13864401


Or the property taxes on it.
AlcoholicRunner
I abduct humans and drink at the same time.

User ID: 23182389
United States
11/20/2012 10:18 AM

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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Only an idiot would sign a mortgage at this time.....
 Quoting: Anonymous Coward 23011194


Well, the mortgage rate is VERY TEMPTING! I had no choice but move to a new city and look for a new house. 3.25% loan rate... I compared that to 5.5% for the old house. hundreds of dollars saved a month!

Actually, it would be SMART to refinance mortgage loans... It will save you hundreds of dollars a month if your old loan has over 5% rate.
Anonymous Coward
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11/20/2012 10:22 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
do you have any real insight on these things, or do you just take pride in copying and pasting from sites anyone can read at any time?
Anonymous Coward
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United States
11/20/2012 10:22 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Only an idiot would sign a mortgage at this time.....
 Quoting: Anonymous Coward 23011194


With inflation/hyperinflation coming, only an idiot would rent and be forced to pay more and more every year!
Anonymous Coward
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United States
11/20/2012 10:27 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Only an idiot would sign a mortgage at this time.....
 Quoting: Anonymous Coward 23011194


Well, the mortgage rate is VERY TEMPTING! I had no choice but move to a new city and look for a new house. 3.25% loan rate... I compared that to 5.5% for the old house. hundreds of dollars saved a month!

Actually, it would be SMART to refinance mortgage loans... It will save you hundreds of dollars a month if your old loan has over 5% rate.
 Quoting: AlcoholicRunner


If your bank is sending you Refi paperwork, desperately trying to get you to refiance, dont do it.. They have insufficient paperwork on your original loan... They need new paperwork thats why they are giving you a sweet deal.
Anonymous Coward
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11/20/2012 10:32 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Only an idiot would sign a mortgage at this time.....
 Quoting: Anonymous Coward 23011194


With inflation/hyperinflation coming, only an idiot would rent and be forced to pay more and more every year!
 Quoting: Anonymous Coward 13864401


well, you got a point there but seeing how 59% of all new jobs pay between $8-11.75 an hour there's no way I'd sign a mortgage.
Anonymous Coward
User ID: 11384760
United States
11/20/2012 10:37 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Correction- not just "idiots" rent so do those of us who are poor and can't afford to buy a house! And not for nothing but I thought I read that during hyperinflation its the food prices that rise but housing prices become extraordinarily cheap and it's not until the recovery they skyrocket so the best time to buy is when hyperinflation is the worst.
Anonymous Coward
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11/20/2012 10:39 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Only an idiot would sign a mortgage at this time.....
 Quoting: Anonymous Coward 23011194


With inflation/hyperinflation coming, only an idiot would rent and be forced to pay more and more every year!
 Quoting: Anonymous Coward 13864401


well, you got a point there but seeing how 59% of all new jobs pay between $8-11.75 an hour there's no way I'd sign a mortgage.
 Quoting: Anonymous Coward 23011194


Keep paying the rent then.... All I know is that the Fed will prop everything up... Rather fix my housing cost, rather than getting jacked up in rent every year... My rent has gone up the last 5 years more than 10% every year
Anonymous Coward
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11/20/2012 10:42 AM
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Re: BOOM: HOUSING STARTS DESTROY EXPECTATIONS AT 894K (Analysts expected 840K annualized down from 872K)
Correction- not just "idiots" rent so do those of us who are poor and can't afford to buy a house! And not for nothing but I thought I read that during hyperinflation its the food prices that rise but housing prices become extraordinarily cheap and it's not until the recovery they skyrocket so the best time to buy is when hyperinflation is the worst.
 Quoting: Anonymous Coward 11384760


With foreclosures at 10's of thousands... almost anyone can afford a house... Food will go up the fastest, however housing will skyrocket as well. Look at Weimar Republic Germany... In addition if the economy goes south, renters will get kicked out of their apts and a much quicker rate than homeowners- just sayin...

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