tag:blogger.com,1999:blog-18675105.post3220930370844793711..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Ask yourselves America why the MSM would report new home sales falling 10% and prices falling as "Home Sales Up!"bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger63125tag:blogger.com,1999:blog-18675105.post-32823616060278467322007-08-26T19:55:00.000+01:002007-08-26T19:55:00.000+01:00This whole things just seems to be a drama. Lets w...This whole things just seems to be a drama. Lets wait and see how far this can drag down the economy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14457213361179547892007-08-26T18:42:00.000+01:002007-08-26T18:42:00.000+01:00They have lied about everything for the past 100 y...They have lied about everything for the past 100 yrs, this is nothing new.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70368106684628017722007-08-25T17:16:00.000+01:002007-08-25T17:16:00.000+01:00Lost Brain,Who is this "we" that is killing an ent...Lost Brain,<BR/><BR/>Who is this "we" that is killing an entire nation? If "we" really wanted to wipe out Iraq, it would have been done back in 2003 with B-52's and not troops on the ground. <BR/><BR/>Try finding your little brain before posting more stupidity <BR/><BR/>August 25, 2007 7:07 AM <BR/><BR/>Actually you make a goodpoint, but you also miss the real intent of the Iraq war-- "it's intended to destroy the United States".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-18478848182482469262007-08-25T07:07:00.000+01:002007-08-25T07:07:00.000+01:00Lost Brain,Who is this "we" that is killing an ent...Lost Brain,<BR/><BR/>Who is this "we" that is killing an entire nation? If "we" really wanted to wipe out Iraq, it would have been done back in 2003 with B-52's and not troops on the ground. <BR/><BR/>Try finding your little brain before posting more stupidityAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6281650080413978812007-08-25T06:58:00.000+01:002007-08-25T06:58:00.000+01:00CountryNarrow...CountryNarrow...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27581409076207646952007-08-25T06:15:00.000+01:002007-08-25T06:15:00.000+01:00Another reason why the latest new home sales numbe...Another reason why the latest new home sales numbers don't make sense.<BR/>From the Wall Street Journal<BR/><BR/>DEFAULT LINES<BR/>Condo Troubles<BR/>Further Squeeze<BR/>Property Lenders<BR/>Full Force of Glut Is Felt<BR/>As Buyers Back Out;<BR/>'More of the Iceberg'<BR/>By ALEX FRANGOS<BR/>August 25, 2007<BR/><BR/>For the nation's real-estate lenders, the other shoe may be about to drop: condominiums.<BR/><BR/>Already plagued by rising home-loan defaults and foreclosures among overstretched consumers, major markets across the country -- including parts of Florida, California and Washington, D.C. -- are seeing rising foreclosures and bankruptcies of entire condo projects.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-12720173853023921822007-08-25T06:07:00.001+01:002007-08-25T06:07:00.001+01:00Lost another home to Ditech.Lost another home to Ditech.edd brownehttps://www.blogger.com/profile/08825894326281481673noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-65462509474889984082007-08-25T06:07:00.000+01:002007-08-25T06:07:00.000+01:00Keith,Please post this. Thank you.http://www.liber...Keith,<BR/><BR/>Please post this. Thank you.<BR/><BR/>http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=198153Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-52902820294613203242007-08-25T05:39:00.000+01:002007-08-25T05:39:00.000+01:00There's a simple medical explanation for the cogni...There's a simple medical explanation for the cognitive problems of MSM "professionals". It's similiar to the problems experienced by those in the worlds oldest profession. You see, in the long run venereal diseases will, among other things, destroy the ability to discern reality. All who stay in the MSM are eventually ruined by this affliction hence the disconnect you are seeing now. I would suggest wearing a spacesuit when watching tv or reading any of the rags, you never know what you might catch.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-90728325492440275722007-08-25T05:23:00.000+01:002007-08-25T05:23:00.000+01:00"Wonder where she gets her news.Can anyone guess??..."Wonder where she gets her news.<BR/>Can anyone guess???<BR/>"<BR/><BR/>From Suzanne ?<BR/><BR/>snickerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58712406002552483722007-08-25T05:21:00.000+01:002007-08-25T05:21:00.000+01:00The ONLY reason for the sales being up is that PRI...The ONLY reason for the sales being up is that PRICES ARE DOWN!<BR/>And prices will KEEP COMMING DOWN, so expect more sales...<BR/><BR/>More sheeple catching FALLING KNIVES... <BR/><BR/>snickerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-15919875885925187922007-08-25T04:39:00.000+01:002007-08-25T04:39:00.000+01:00Ask yourselves America why the MSM would report ne...Ask yourselves America why the MSM would report new home sales falling 10% and prices falling as "Home Sales Up!"<BR/>==================================<BR/>Because a few corporations own all the MSM, and they do what their owner tells them too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74461391752011721212007-08-25T04:28:00.000+01:002007-08-25T04:28:00.000+01:00The same media which literally got into bed with t...The same media which literally got into bed with the military industrial complex, and daily reports falsehoods regading an entire nation which we are killing at the moment, and you wonder why they would spin this? They have not reported on the serious decline of prestige and financial leadership in the past 7 years either. People will be shocked and surprised when the truth can no longer be hidden.Lost Causehttps://www.blogger.com/profile/18396272153746076615noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-69761274812568988542007-08-25T04:24:00.000+01:002007-08-25T04:24:00.000+01:00For all you Democrat dopes who want a bailout of F...For all you Democrat dopes who want a bailout of FB's and lenders, it will only keep the ponzi scheme going for a bit longer and make the explosion even worse. Get your heads out of your rear ends. Let the FB's go back to renting so home prices can go back to normal. Stop telling Hitlary Clinton to bail out your dopey FB's subprime buddies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74533776609316998962007-08-25T03:57:00.000+01:002007-08-25T03:57:00.000+01:00Maybe we should take our CFC PUT money and buy bef...Maybe we should take our CFC PUT money and buy before the prices fall further and we are to embarrassed to make an offer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57244444024324525422007-08-25T03:51:00.000+01:002007-08-25T03:51:00.000+01:00To My Left Foot...A petition will not stop our cor...To My Left Foot...<BR/><BR/>A petition will not stop our corrupt government from bailing out the crooks and liars. A well-armed citizenry will.<BR/><BR/>Oh, and no pun intended on the ARM thing...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53921019607590425762007-08-25T03:42:00.000+01:002007-08-25T03:42:00.000+01:00New home sales strong in Miami.In January I looked...New home sales strong in Miami.<BR/>In January I looked at a new development here in Miami "Coconut Cay" by D.R. Horton. The price for the "Golden Sands" model was $477K. Nice 2600sqft 2-story with 2 car garage, huge open to below area and above average equipment. I went back in April and they were offering a $50K incentive. Went back 2 weeks ago and they were offering a $100K incentive. So that's $377K for a fairly nice home. Keep in mind that homes in Florida are very expensive to build, concrete block and plenty of rebar 'cos of the hurricane codes. Really, that's not a bad price for what you're getting.<BR/>Funny thing is that most delusional sellers are still asking in the $250 - $400K range for a 1930's 1300sqft piece of crap that hasn't been update since the Nixon administration. I can see that those new homes are selling like hotcake. The remainder of the market is completely dead...go figure.<BR/>Brand new, nice 2600sqft home or crappy old 1300 sqft home for the same price. Which one would you buy? Hmmm...let's see...<BR/>I am sure that will work wonders for the comps/appraisals of the old crappy homes. For those that never been in Miami, most old homes here are pretty substandard/slummy accomodations. Once in a while you have a nice Spanish style or Art Decco gem but they are far and few between. Most old homes are slums.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29118016152498268372007-08-25T02:45:00.000+01:002007-08-25T02:45:00.000+01:00I bought a house to live in back in 2000. I sold ...I bought a house to live in back in 2000. I sold it for 50% profit in 2006 due to a divorce. I looked at the market at the time and decided it was to bubbly for my tastes. I now rent an equivalent McMansion for half my old payment. I didn't buy in 2000 for profit I bought a home what a novel concept.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-49875413947881044852007-08-25T02:41:00.001+01:002007-08-25T02:41:00.001+01:00hopefully this positive spin will dampen calls for...hopefully this positive spin will dampen calls for sheeple bailouts. <BR/><BR/>meanwhile the fed is already busy bailing out wall st by making our dollars worth less and waiving regulations for "special" banks. guess their huge christmas bonuses weren't enough. why do you guys even invest in the rigged market that transfers your wealth to these scum?<BR/><BR/>"If the Federal Reserve is waiving a fundamental principle in banking regulation, the credit crunch must still be sapping the strength of America's biggest banks."<BR/>http://money.cnn.com/2007/08/24/magazines/fortune/eavis_citigroup.fortune/index.htm?postversion=2007082417<BR/><BR/>"Wall Street loves to talk about letting financial markets weed out the weak. But when the Street itself gets in trouble, it sticks out its little tin cup, asking for help. And gets it."<BR/>http://money.cnn.com/2007/08/22/magazines/fortune/sloan_enablers.fortune/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-63277885557555578412007-08-25T02:41:00.000+01:002007-08-25T02:41:00.000+01:00Someone please explain this to me:It used to be wh...Someone please explain this to me:<BR/><BR/>It used to be when you looked at the multiple listings that if a house was described as "gorgeous" or "stunning", it was a truly a spectacular house. I have noticed for the last few years that every single cookie-cutter, vinyl-sided house is decribed this way. Not that I am knocking these homes--but please, "stunning" to describe a house that looks like every other house?? And what about the "gleaming" hardwood floors? Honetly, do they coach them on how to describe homes in the listings and tell them what words to use?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-27889854785213738812007-08-25T02:33:00.001+01:002007-08-25T02:33:00.001+01:00We've hit bottom ! OK I'll grab my 10 ft ladder......We've hit bottom ! OK I'll grab my 10 ft ladder.....but it's a 20 ft hole. Looks good but it won't get you out.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54948368032673733092007-08-25T02:33:00.000+01:002007-08-25T02:33:00.000+01:00These numbers are irrelevant. Even the sales of e...These numbers are irrelevant. Even the sales of existing homes data that is soon forthcoming will be irrelevant. I say irrelevant because the sales numbers are too premature to show the effects of the recent contraction of credit.<BR/><BR/>July sales involve borrowers that were pre-approved a month or two earlier. Many of these borrowers already submitted their loans to underwriting back in June and May. Often, it takes a month to a month and a half to get final loan approval. <BR/><BR/>What has happened since July and June? Lenders have restricted their guidelines tremendously (I know, I'm a loan officer) You can't submit at least half of the loans you used to - the lenders are no longer accepting many loan products that they had available just a month ago.<BR/><BR/>So when will the REAL sales figures come in? Look out for September - the drop will be catastrophic. That's when the sales results will be impacted by the tightening lending guidelines.<BR/><BR/>I can't believe Wall Street and the MSM cheered these numbers. Don't they know that the sales in July were not affected as much by the credit crunch. The sales cycle for real estate is at least 30-45 days.<BR/><BR/>September and October's numbers will show the effects of the credit crunch that began in August.Misthoshttps://www.blogger.com/profile/13651854500747126595noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-6453187828184474442007-08-25T02:29:00.000+01:002007-08-25T02:29:00.000+01:00Love it. I'm glad to see so many people thought t...Love it. I'm glad to see so many people thought the exact same thing I did, which was: I can't wait to see those August numbers.<BR/><BR/>As someone else said, and I have come to believe myself, this <I>was</I> a credit bubble manifesting itself as a housing bubble. Now that credit markets are in a death-spiral, there is no more mortgage money.<BR/><BR/>When the August numbers come out, Keith will finally get his 'fear' stage.Paul E. Mathhttps://www.blogger.com/profile/03719759088047080921noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10405257552743134012007-08-25T01:56:00.000+01:002007-08-25T01:56:00.000+01:00Anonymous said... ---------from cnn: “Builders, wo...Anonymous said... <BR/>---<BR/>---<BR/>---<BR/>from cnn: <BR/><BR/>“Builders, worried about a big glut of unsold homes on the market, cut price. The average price of a new home sold in the period fell to $300,400, down 3.4 percent from a year ago.”<BR/><BR/>WOW!! 3.4% drop in prices. After prices rose 100% 2000 to 2006. My goodness what a crash. Run for the hills. <BR/><BR/>August 25, 2007 12:40 AM <BR/>---------------<BR/>Thats just the "price term" comparison and is not including the 10-20% value to price of the incentives being tossed in. So the true price drop is double digit east of the decimal point and in the order of 15-25% dumb@$$Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-53407348195410615262007-08-25T01:54:00.000+01:002007-08-25T01:54:00.000+01:00Anonymous said... BWA HA HA HA HABWA HA HA HA HABW...Anonymous said... <BR/>BWA HA HA HA HA<BR/><BR/>BWA HA HA HA HA<BR/><BR/>BWA HA HA HA HA <BR/><BR/>It is so over losers. Admit it, you will never own a home.<BR/><BR/>Sales up and you morons are talking about crashes.<BR/><BR/>What dopes. <BR/><BR/>August 24, 2007 6:22 PM <BR/>--------------<BR/>New home sales are down 10% YOY dumb@$$Anonymousnoreply@blogger.com