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In United States
Registered Jul 29, 2007
monkframe's most recent comments:
- On 30 Apr 2013
U.S. Homeownership Rate Lowest Since 1995,
It seems that Wall Street pools of money and small investors owning multiple properties are making up more and more of the ownership pie. Our correspondent in Arizona, R. Arribas is an apostle of this philosophy. I don't blame him or other small-timers for trying to get rich in real estate, but it signals a downward spiral in the general equity, or common equality, in that home ownership is becoming ever more remote.
- On 25 Apr 2013
The 9/11 exhibit at new Bush museum brings her, George W. Bush to tears,
George W. Bush is one mass murderer, but then that's true of all U.S. presidents, including the current one.
- On 25 Apr 2013
Signs The Housing Market Is Starting To Head South,
dream on. In phoenix, investors at their peak were 30% of the market. Last year, distressed sales were 30% of the market, and both foreclosures and short sales continue to fall.
"You guys act like all investors will disappear, and prices will fall like a rock, and investors won't notice it and will just sit back as prices drop by 50% or something...
15775 homes for sale 8500 sold in the past 30 days. Less than 2 months inventory for the entire market... Until you see that metric at least double, this "market will fall" theory is pure and utter daydreaming."
I'm not "acting," I'm asking questions. Maybe you are right. I don't know, it seems as if there are lots of prop-ups coming from above in order to get the market going again. I don't participate in the game, but it affects my business directly if the economy goes well or not. I hope you are right, frankly, the alternative is not attractive.