July 27, 2007

HousingPANIC Stupid Question of the Day


Still believe what the government, NAR, ratings agencies, analysts, REIC and MSM tell you now?


Conditions are now ideal for buyers. Interest rates are comparable to 40-year lows, and inventories are higher than they have been in decades. Consumers have exceptional choice. But these conditions may not last. August pending home sales rose 4.5 percent, and prices are expected to rise again next year. Even the vice chairman of the Federal Reserve says that the housing market outlook is improving.

Real estate is an outstanding investment. House values rose 88 percent on a national average over the past decade. The number of U.S. households is expected to increase 15 percent during the next decade, creating a continued high demand for housing.

Conditions are improving for sellers. This year will be the third-best on record, and prices are expected to rise modestly next year.

The campaign opens on Friday, November 3, 2006, with full-page advertisements in the Wall Street Journal and USA Today, and will run Sunday, November 5 in the New York Times, Washington Post, Los Angeles Times, and Chicago Tribune. It will run in the same six newspapers again on the weekend of November 12.

This is the beginning of a campaign that will also include two new network television and radio ads, to begin airing in January 2007 as part of NAR's $40 million Public Awareness Campaign.

35 comments:

Anonymous said...

I want to believe..

ShutYerYapYun said...

NAR would have gotten a lot better ROI if they'd taken that 40 million and put it in a CD or maybe a reverse ETF shorting real estate.

To answer your question, noone but a fool believes the NAR, or the government's "its' contained" talking points.

Anonymous said...

OMG. This is why we need SEC-like regulation for these mofo's.

Can you imagine the "retail stockbroker's association" getting together and conspiring with a coordinated PR campaign to entice people to buy shares? Say like in Fall 2000?

"Hey people, stop listening to those fearmongering sky-is-falling sites like www.f@ckedcompany.com! Now is a great time to buy---or sell---a dot-com! Talk to your broker to see if it's time for a move-up in the tech sector!"

Without analytical substantiation? Without risks emphasized?

They'd be sued really fast.

Anonymous said...

.
.
.
.
I have never believed what the MSM told me. Did you KEEF?

Anonymous said...

Meanwhile The White House has scrambled the damage control team this morning to CNBC to get the word out.

"Everybody was kung fu fighting"

borkafatty said...

-----------------


-----------------

I believe everything my GOVERNMENT tells me as well as the MSM....

The StarMagazine
The National Enquirer
Us Magazine
Weekly World News
People Magazine

It has to be true, it has to be...well got to run Jerry Springer is about to start.

Anonymous said...

Economy Springs Out of Rut and Grows at 3.4 Percent Pace, Best Showing in More Than a Year.
.
.
.
.
WOW, Some Crash!!!!
.
.
DOPES!

The Thinker said...

Yes Keith, real estate agents are commissioned salespeople promoting their product. Their rhetoric constitutes a sales pitch not independent financial advice.

This point seems so obvious.

Veronica Lodge said...

Even the vice chairman of the Federal Reserve says that the housing market outlook is improving.

We are also told that inflation is currently around 2.5%. Of course the costs of energy, health care, housing and food are left out of the equation, thus avoiding the actual 13% inflation rate.

How many negative housing market factors is the Federal Reserve vice chairman hiding?

V.L.

Anonymous said...

As expected, the day after a stock market meltdown, the government produces glowing numbers about the economy. I suppose the trolls will be back here touting those numbers. Poor fools don't even know the numbers are totally bogus.

Tulsa Time said...

"The campaign opens on Friday, November 3, 2006, with full-page advertisements in the Wall Street Journal and USA Today,..."

Ah, at first I thought this was current news... and thought how stupid of them to run a campaign like this since everyone knows what the market is doing.

SeattleMoose said...

Note to self...always do opposite of what MSM advocates.

Anonymous said...

MY OH MY a 1 day selloff....run for the hills everybody!!

Apartment 604 said...

Please say you're kidding.

Anonymous said...

Miami Condo-market bust !!!

http://video.msn.com/v/us/msnbc.htm?f=00&g=9dbf2382-2bf3-4c02-9454-105b3ea153a0&p=hotvideo_m_edpicks&t=c24&rf=http://www.msnbc.msn.com/id/8874568/&fg=

zoiks said...

Hey is NAR willing to give a "price appreciation guarantee"? We could call it a PAG. Well are they?

Of course not they'd have to be idiots. They're not there to *be* idiots, they're there to make commissions off the idiots.

As long as there are enough dumb people, then they'll make some hay out of these national ad campaigns. Like their California "we get it" campaign. Oh yeah, I get it alright, and you're gonna get it, that's fershure.

Anonymous said...

LauraVella said: Housing prices are not in line with salaries, that is the problem, its not the buyers were "spooked" out of buying because what the media is saying.

House prices are unaffordable on all levels - buyers, even ones with excellent credit can only qualify for an interest only loan. **Dont people understand that sellers and builders are gouging them out of hundreds of thousands of dollars on homes that are only worth in todays value 1/4 the price they selling for?


The NAR can spin all they want, but all of us here at HP know that houses should cost no more than 2x salary - not 10x times salary like prices are now.

I can wait it out, because it's no fun trying to catch a falling knife, causing myself a lifetime of financial pain for the bragging rights of buying an overpriced POS today.

Anonymous said...

They want you to be a mortage slave for life,so long middle class

Anonymous said...

That's very similar to the pitches that stock brokers were using to try to sell NASDAQ stocks in 2001.

Anonymous said...

"To answer your question, noone but a fool believes the NAR, or the government's "its' contained" talking points."

Unfortunately this world is full of fools.

Anonymous said...

The average white middle class family:

- Mom is upstairs watching an Oprah special about Briney Spears and her reason she decided to shave her head, as tears roll down Oprah's cheeks in sympathy.

Jr. has just detailed his car with spinning rims and a new stereo system that can spit out his 50 Cent CDs at ear splitting decibel levels to rival a jet airplane. He is en route to the mall complete with a sideways facing baseball cap and baggy hip hop shorts that hang below his knees and look like they are going to fall off at any moment, while driving trying to roll a joint holding a Dunkin Donuts Coffee.

Dad is watching his usual Sunday afternoon NFL games and cheers as his favorite running back crosses the goal line to screams of orgasmic glee by skinny blonde cheerleaders, whom he later masturbates to cause the wife is working nights to help pay for the cost of things, another words he ain't gettin non.

Daughter asks to go to the mall and dad gives her money hurriedly trying to get her out of the house because she is disturbing his football game. In reality said daughter meets high school star running back Demontral Tavarious Jackson and thirty minutes later they are on a back road,in her car,in the back seats where the fair blond daughter's legs are bent backwards. Later that night they make an appearance at the movie theater hand in hand where the brother sees them and a fight ensues.All are arrested and mom and dad have to come down to the police station and are shocked at what degenerates their children have become.How in the world could this happen to our typical Cristian american family, they wail, What went wrong...

By the way honey we received another foreclosure notice.

Anonymous said...

Anonymous said...
As expected, the day after a stock market meltdown, the government produces glowing numbers about the economy. I suppose the trolls will be back here touting those numbers. Poor fools don't even know the numbers are totally bogus.

July 27, 2007 1:57 PM


==========================

Economy is doing well. You can point to housing and shriek all you want about recession. It ain't happening. Blowout numbers from Apple, Amazon, United and holy fuck Ford??! A recession this is not.

Judging by the posters here I would guess Alcoa will do quite well this year too.

K.W. - Southern Ca. said...

Well said.

The *true worth* of housing is now
becoming apparent to more and more people - which is a very good thing.

People will think very carefully now before strapping themselves to an ever depreciating asset.

There's been alot of hype now about it being "the best time to buy" ... pure bullox.

The media controlling interests (NAR, MSN, etc...) have invested (some heavily) in the hedge funds and stocks tied to residential realestate.

People need to realize, it's in their interest to speak this way, because they stand to loose alot of money as things turn from bad to worse in the residential housing market.



Anonymous said...
LauraVella said: Housing prices are not in line with salaries, that is the problem, its not the buyers were "spooked" out of buying because what the media is saying.

House prices are unaffordable on all levels - buyers, even ones with excellent credit can only qualify for an interest only loan. **Dont people understand that sellers and builders are gouging them out of hundreds of thousands of dollars on homes that are only worth in todays value 1/4 the price they selling for?


The NAR can spin all they want, but all of us here at HP know that houses should cost no more than 2x salary - not 10x times salary like prices are now.

I can wait it out, because it's no fun trying to catch a falling knife, causing myself a lifetime of financial pain for the bragging rights of buying an overpriced POS today.

Anonymous said...

6:15:

Prozac. It works.

buyerwillepb said...

and you're gonna get it, that's fershure.
-----------------------------------

Hey Zoiks:

So would you say, "It's in the bag?"

:)

area 51 said...

By the government, do you mean the Commmerce Department? Who reported best GDP in a year?
Of course not........
Instead I believe a bunch of anonymous bloggers who told me to short the crap out of the DOW and S&P.

Shakster said...

AS the Realtors become Disintermediated,so will the Banks,Brokers,and Politicians.

Anonymous said...

MY OH MY a 1 day selloff....run for the hills everybody!!

July 27, 2007 2:37 PM
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MY OH MY a 2 day selloff....run for the hills everybody!!

Anonymous said...

area 51 said...
By the government, do you mean the Commmerce Department? Who reported best GDP in a year?
Of course not........
Instead I believe a bunch of anonymous bloggers who told me to short the crap out of the DOW and S&P.

July 27, 2007 7:07 PM

------------------

Apparently, the stock market no longer believes the gov. propaganda. S&P down another 1.6% today.

Anonymous said...

Every tightening cyle has ended with a financial crisis.

1970-Penn Centeral
1974-Franklin National
1980-1st Penn /Latin America
1984-Contenial Illinois
1987-Black Monday
1990-S&L Crisis
1994-Mexico
1997-Pac Rim /Russia /LTCM
2000-Nasdaq Collapse
2007-Subprime /Housing Collapse

pwnd

Shakster said...

Anonymous said...
Economy Springs Out of Rut and Grows at 3.4 Percent Pace, Best Showing in More Than a Year.
.
.
.
.
WOW, Some Crash!!!!
.
.
DOPES!
-----------------------------------
I got back late,but I had heard that same BS on the Mass Media CBS Radio this morning.I says to myself,"watch the Troll swallow that one hook ,line ,and sinker." HAHAHAHAHAHAHAHHAHAHHAHAAAAAAAA!!!!

Shakster said...

Anonymous said...
Anonymous said...
As expected, the day after a stock market meltdown, the government produces glowing numbers about the economy. I suppose the trolls will be back here touting those numbers. Poor fools don't even know the numbers are totally bogus.

July 27, 2007 1:57 PM


==========================

Economy is doing well. You can point to housing and shriek all you want about recession. It ain't happening. Blowout numbers from Apple, Amazon, United and holy fuck Ford??! A recession this is not.

Judging by the posters here I would guess Alcoa will do quite well this year too
----------------------------------------------------------------------

Ok,I must admit that last part was funny.Thing is---My Hat is TIN,and GOLD,you Baffoon!

Hate the RealtWhore "R" said...

Got to vent about another RealtWhore story. I was coming back from a business trip yesterday and I struck up a conversation with a gentleman that was looking to buy a house. He wanted to look at older homes due to their neighborhood character, architectural diversity etc. He told me that even though he said MANY times to the RealtWhore that he was not interested in new homes, the RealtWhore (R) still took him to see new homes. The slug refused to show him existing homesellers homes! Later he found out from another RealtWhore, apparently more straight forward than the first, that the home builders are offering "Bonuses" (Read in bribes) to RealtWhores (R)to show people the new homes instead of exsting homes. God, what a bunch of used car salesmen. I feel sorry for the existing homeowners in all of this, who did nothing more than buy a home. I, however love to see the REIC ilk getting creamed more every day. Justice sometimes comes swift and sure.

Anonymous said...

Anonymous said...
MY OH MY a 1 day selloff....run for the hills everybody!!

July 27, 2007 2:37 PM
--------------------------------------

MY OH MY a 2 day selloff....run for the hills everybody!!

July 27, 2007 9:30 PM
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etc., etc., etc., etc. ad infinitum until the blinder are ripped from your eyes, but by then it will be too late

the evil-doers are in dc said...

RE: The markets are climbing-up, Ford Motors, Detroit up:

**********************************
WHY??? Ford showed a profit
because they just shut-down 17-plants and put 45,000 employees out of work! These 45,000 workers must now sell their over-valued homes or go belly up. Options: Apply for new $8/hr job at wallmart.

Any questions?