| kmo722 
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In United States
Registered Oct 13, 2010
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kmo722's most recent comments:
- On 9 May 2013
in
Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last O,
kmo722 said:
Now, for an honest answer to the gentleman’s post... my thinking is prices rise to fill the price gap created in the 2007 housing crash, especially in all the bubbly areas ... then prices will tapper off or flat line as people will realize that this round of the game is over and all the easy money was made.. then, many will start to try and unload and sell... the smart ones will do this sooner than later.. I think we are about 12-18 months out from this topping off in CA and FL and NY... if the Fed had backed off before then with their QE program, they will reengage and start buying MBS again to prevent the whole thing from cratering like in 2007.. we'll then enter a period similar to Japan where housing deflates over a long period of time.. some places quicker than others.. the speed of all of this will be dependent on how the economy is doing outside of housing.. however, the US economy really only works well with housing prices rising, so I don't think the US economy will be all that healthy... Bernanke will be long gone by then.. as the US economy tanks the next time, the new FED Chairman will likely introduce a negative interest rate concept (it has already been discussed) where it actually costs savers money to save money.. after that, the game will be up and there will be a major political upheaval and the DEMS will be tossed out of DC for a decade.. (and I’m a DEM).. that’s one possibility.... - On 9 May 2013
in
Will The New Housing Bubble That Bernanke Is Creating End As Badly As The Last O,
kmo722 said:
robertoaribas says
if he could just create a bubble out of thin air, why did he allow a crash for 5 years?
thinking. give it a try!
What are you smoking ? a typical Roberto mouthy, lying smartass comment.. let me help you eat your post there Rockefeller.. the Fed has buying mortgages since very early 2009 and has done just about everything feasible to stop housing deflation... it took about three years of their massive intervention to stop the downward direction.. Fed has about $1.1T in MBSs on their balance sheet.. you think they started intervening in housing with QE3? Have you done the math or do you have any idea on this professor ? . a few questions, professor: why were houses decreasing in value before the Fed intervened? Why did the Fed intervene and why are they still intervening ? must be those market forces driving those prices.. As you say, “thinking”, give it a try.. oh, try some honesty too, why you are at it... that would be refreshing for your readers.. . - On 7 May 2013
in
What Happens to the Housing Market When the Investors Leave?,
kmo722 said:
"you had dire predictions how I was going down in flames"... no, I just called you a mouthy brat dependent on the FED, which I realize was a bit harsh.. I did not say you would go down in flames .. but your toy will be taken away at some point.. based on your other posts, it looks like you know its a game and know when to bail and leave some sucker hanging with your inflated properties.. bravo professor.. bravo.. as I said, you are the man..
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