PIMCO's Bill Gross calls for taxpayers to bail out failed housing gamblers. HousingPANIC calls for Bill Gross to pull his head out of his ass

Some days, I can't believe what I read from our "leaders".

For respected bond trader Bill Gross to be calling for a federal housing gambler bailout with taxpayer money is not only pathetic, reckless and wrong, it's actually immoral. Either Gross knows how bad it's gonna get and is in panic stage, or there's some way he'll make money off of a government bailout.

Why should taxpayers who go to work, pay their bills, read fine print, live within their means and make rational financial choices send their hard earned income to others who gamble, live beyond their means and make poor financial choices?

FOR THE LOVE OF GOD HAVE PEOPLE GONE INSANE?

Sign the online petition against this crap here. We can help defeat this stupid thinking, just like the immigration law mess.

If the US government bails out failed flippers and housing gamblers in ANY way, then it will officially be over. Rome will have burned. And the US government will no longer be deserving of your support. But I have faith. Even George Bush and Congress aren't this stupid, reckless and corrupt. Right? If Bush or Congress try to increase their record-low ratings with a housing gambler bailout, my prediction is that it'll backfire worse than Schiavo.

Here's Gross and his "wisdom". I need to go puke now. And I'll also try to figure out how Gross's bailout call might directly financially benefit PIMCO and Bill Gross.

The ultimate solution, it seems to me, must not emanate from the bowels of Fed headquarters on Constitution Avenue, but from the West Wing of 1600 Pennsylvania Avenue.

Why is it possible to rescue corrupt S&L buccaneers in the early 1990s and provide guidance to levered Wall Street investment bankers during the 1998 LTCM crisis, yet throw 2,000,000 homeowners to the wolves in 2007?

If we can bail out Chrysler, why can’t we support the American homeowner?

This rescue, which admittedly might bail out speculators who deserve much worse, would support millions of hard working Americans whose recent hours have become ones of frantic desperation.

Now here's someone sane on Gross being a doof:

More Bailouts Could Bring Disaster Down the Road

In my humble opinion Mr. Gross is right about only one thing: that Mr. Bernanke is unable to eventually stop a destructive housing deflation.

At least now the pundits are admitting that a housing deflation is at the heart of the economic problems. That is a watershed event.

But for the “government”, which I thought was using taxpayer money (except for the $9 trln in debt it has borrowed), to bail out malinvestment is only to increase the problem. If you don’t punish your child for playing with matches, he may one day burn the house down.

Of course Mr. Gross, being worth $500 mln plus, really doesn’t worry about how much of his tax dollars are going into the abyss; he just wants to keep earning his fees.

Really smart guy at PIMCO sold his house and rents. And tells anyone who'll listen to keep renting during the crash

Don't listen to HP. But do listen to REAL portfolio managers and businessmen like Mark Kiesel at PIMCO (unlike The Incompetent & Corrupt David Lereah). Especially if they graduated from REAL schools like Michigan (vs. the REIC-corrupted Harvard and Wharton)

Kiesel points out that it makes no sense to own today, unless you're a masochist. Just rent (like he does). And down the road, when the blood is in the street, and the fundamentals make sense again, it'll be time to buy again. And for much, much, much lower than today's stupid prices.

One question my friends and colleagues have asked me repeatedly over the past six months is: Are you still renting? Yes!

I sold my house over a year ago and continue to rent. Back in late 2005, I became anxious about my investment in the “American Dream,” after spending a considerable amount of time and effort researching several factors that I felt would influence housing prices.

At the time, I was nervous about housing and ended up selling my house in early 2006 after owning for eight years, and then, upon closing, published For Sale, our U.S. Credit Perspectives, June 2006 publication. A year ago, I suspected housing prices were set to take a sharp turn for the worse and more “For Sale” signs were coming.

Based on the current outlook for housing, I will likely be renting for one to two more years. While many factors that influence housing prices have turned negative, I suspect we have not yet hit bottom. In fact, housing prices should head lower throughout the rest of this year and next year as well.

For renters and potential homebuyers, my advice is to still rent. The housing market has turned for the worse but the unwinding of this bubble will take more time.

Unfortunately, this is not good news for the U.S. economy, job creation or corporate profits. Nevertheless, investors who are patient and adopt a conservative investment strategy should prosper over the next few years.

Ah, gotta love trolls. They really don't know just how stupid they sound (yet). But ohhhhh, will they...

Have at it HP'ers. Have fun... And how long until renters are seen as the geniuses during this meltdown, and screwed homedebtors as the dumbest people on the street?

You see out in the real world anyone who is a renter past the age of 30 is a loser. Anyone who drives a 10 year old Honda like you idiots is a loser.

So keep talking about 50% crashes, great depressions, black helicopters and spanking it to stories of subprime foreclosures. That's about as much action as you'll ever get.

When you find yourself in a hole quit digging, right? Not for Trump realtor plaything "bubbles are for bathtubs" Kendra Todd

Oh, Kendra, please stop. No, seriously, you look the fool, please stop.

Or not.

And why is yahoo giving this dolt free exposure?

Boost your asking price - Planning to sell your home? Here are improvements that will considerably raise its value

The five home improvements that give sellers the best bang for the buck

By Kendra Todd, winner of "The Apprentice 3"March 2, 2007

Read the real estate or business sections of the newspaper and you start seeing the stories: reliable government or economic officials talking about the beginnings of a recovery in the real estate market. With spring coming, the time is ripe to sell.

However, don't assume that because home prices are out of free-fall that you can stab a For Sale sign in your lawn and be flooded with offers. This isn't 2003. If you want maximum buck for your property, you need to make sure it makes a bang when buyers see it.

Why aren't real estate clerks embracing the crash (vs. calling bottom and saying prices are going up)?

Since ramen-eating real estate clerks can only start making money again if homes start selling again, doesn't that mean that instead of denying the bubble and trolling housing panic with disinformation and spin, shouldn't they instead be out there SHOUTING that asking prices are WAY TOO HIGH, that homedebtors are delusional, and that if anyone wants to sell a home in this environment they'll need to DRASTICALLY cut their asking price?

In other words, are real estate clerks and the NAR even dumber than even we thought possible (it's a great time to buy and sell a home!)?

HousingPANIC's message for the real estate clerks of America - SHOUT FROM THE ROOFTOP TO ANYONE WHO'LL LISTEN THAT HOMES ARE INSANELY OVERPRICED.

Unless homedebtors hear that and hear it loud, you'll keep eating ramen. It is your job to make sure homedebtors panic at this stage, and buyers think they can get firesale prices. The days of "buy now or be priced out forever" are over. You fools!

Now get out there and get 'er done! Even though nobody respects or trusts you anymore, at least get your message right. Geeze.

Home prices should spring back in coming months, the National Association of Realtors said Thursday, after it reported that prices slid in 73 metro areas in the final months of the year.

Home sales seemed to have hit bottom already in many areas: 71 metropolitan areas had price gains, and 14 of them posted double-digit year-to-year increases.But it's unclear how far the improvement will go or how long it will last.

"At least the bottom appears to have already occurred," says Lawrence Yun, a senior economist at NAR.