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Existing house sales probably declined


By tovarichpeter   Follow   Sun, 15 Sep 2013, 2:06am PDT   912 views   6 comments
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http://www.bloomberg.com/news/2013-09-15/existing-home-sales-probably-declined-u-s-economy-preview.html

Sept. 17-18, will start to trim $85 billion in monthly asset purchases, according to the median estimate in a Bloomberg survey taken this month. Policy makers have pledged they wont consider raising the federal funds rate, now near zero, as long as unemployment is 6.5 percent or higher and the outlook for inflation doesnt exceed 2.5 percent.

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HydroCabron   Sun, 15 Sep 2013, 2:09am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 1

Sounds like inventory is tightening again - up go prices.

You're looking at the last chance you'll have to buy in this lifetime.

dunnross   Sun, 15 Sep 2013, 9:39am PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 2

HydroCabron says

You're looking at the last chance you'll have to buy in this lifetime.

If nobody would have a chance to buy in their lifetime, how would prices remain high? How would the sellers find any buyers to sell their overpriced shacks to?

Dan8267   Sun, 15 Sep 2013, 9:49am PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 3

dunnross says

HydroCabron says

You're looking at the last chance you'll have to buy in this lifetime.

If nobody would have a chance to buy in their lifetime, how would prices remain high? How would the sellers find any buyers to sell their overpriced shacks to?

That tiger is always sarcastic. That's why you always see him snickering.

HydroCabron   Sun, 15 Sep 2013, 9:59am PDT   Share   Quote   Permalink   Like (2)   Dislike     Comment 4

dunnross says

HydroCabron says

You're looking at the last chance you'll have to buy in this lifetime.

If nobody would have a chance to buy in their lifetime, how would prices remain high? How would the sellers find any buyers to sell their overpriced shacks to?

Paradigm shift - merging of 5th and 6th dimensions: consider points at Sedona, Shasta, and Commerce City Colorado; higher resonance of transcendent vibrations (Abraham Hicks). Transplantation of dog's head through travel to dark side of the moon.

Most buyers will be priced out, leaving only current owners. At some point after that, real estate will become too expensive to sell, and the supply curve will shift up so that it no longer intersects the demand curve. I call this coming moment The Singularity.

Much like Michelangelo's David, real estate will effectively no longer be for sale at any price. If you have property, you will be happy; if you don't, you will kill yourself.

Iwag   Sun, 15 Sep 2013, 3:24pm PDT   Share   Quote   Permalink   Like (1)   Dislike (2)     Comment 5

i say this guy hydrocarbon is at least 3 times smarter than iwog, roberto, and e-man combined

i would add tatupupu, but that isn't fair to the above 3 bulls as he is a non-factor and one of the most ignored members on this website

Iwag   Mon, 16 Sep 2013, 12:43am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 6

lol hydrocarbon is too clever for most people to get him, look at donjumpstui, went right over his head!!! whoooooosh

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