patrick.net
An Antidote to Corporate Media
1,198,778 comments by 14,148 users - AD, just_passing_through, Stout, Tenpoundbass, The_Deplorable, WookieMan online now
Recent Uprising Prices Is a Sucker's Rally?
invite response
2012 Jul 28, 4:32am 20,083 views 57 comments
« First « Previous Comments 45 - 57 of 57 Search these comments
New Renter
2012 Sep 29, 2:20pm
It's not really a suckers rally,
That rent income may look like chump change compered to the losses those owners may have to eat if house prices crash again. The bailouts may not be so generous next time.
It's not really a suckers rally,
That rent income may look like chump change compered to the losses those owners may have to eat if house prices crash again. The bailouts may not be so generous next time.
The government and fed has manufactured this 2nd bubble... So why wouldnt the bailouts be as generous? If anything, unlike the last bubble... The FED is fully to blame for homebuyers going under the 2nd time around. Finger pointing will be much easier.
taxee
2012 Sep 29, 4:22pm
I'm sure they are terrified. While they cackle and count up the trillions that are now legally theirs they are quaking in their boots.
taxee
2012 Sep 29, 4:50pm
Buying real things with money you print in your basement is a sweet business.
Goran_K
2012 Sep 30, 3:23am
When people who got foreclosed on in 2009 are getting $600,000 of loan money to throw around any way they like, I would say it's not a "suckers rally" per say, more like a suicidal rally.
The bubble is back.
Robber Baron Elite Scum
2012 Sep 30, 4:02am
This proves my point about anyone who believes 911 conspiracies, they are simply so lacking in ablility to think, they should never ever think... and ESPECIALLY not express those thoughts. It is better to be silent and thought a fool, then to post on a blog and prove it to everyone!
Leave unrelated topics and subjects out of a debate.
Otherwise, go shit on some other thread.
Median household wages have declined 4% in the past 12 years...if the under reported official CPI numbers (relative to the model used prior to 1990) are used...inflation adjusted wages have declined over 30%. This is not a recipe for higher home prices going forward.
Well, like all the rest of SHITE this crew has creeped up on a stupid public, food has doubled, gas has doubled, utilities are at all time highs.
Wait, if they get re-elected watch the TAX CREEP
This proves my point about anyone who believes 911 conspiracies, they are simply so lacking in ablility to think, they should never ever think... and ESPECIALLY not express those thoughts. It is better to be silent and thought a fool, then to post on a blog and prove it to everyone!
Leave unrelated topics and subjects out of a debate.
Otherwise, go shit on some other thread.
Member of Banking Aristocracy
RobberBaron Scum, don't waste your time, just consider the source of the previous statement.
Ceffer
2012 Sep 30, 4:10am
Children in fortress neighborhoods are much less problematic. If they don't get a 4.8 gpa and get into Harvard, Stanford, Yale, CalTech, or MIT, they simply commit suicide! Problem solved!
If the decide to live and "only" go to UC, then they agree to wander the earth until wealthy before contacting their families again.
That makes the fortress neighborhoods worth the money. They will never deflate.
taxee
2012 Sep 30, 4:34am
When buying trillions in property with money printed in your basement you can rent them out just for the taxes. The object is to make it look like you're running a business and that you're a nice guy.
taxee
2012 Sep 30, 4:41am
Heck, If you are the 'right' people you can even let folks live for years in houses for free in order to extinguish any value or claim that some sucker investors thought they had. Then pick up the property for almost nothing with the full knowledge and cooperation of the US government.
Children in fortress neighborhoods are much less problematic. If they don't get a 4.8 gpa and get into Harvard, Stanford, Yale, CalTech, or MIT, they simply commit suicide! Problem solved!
If the decide to live and "only" go to UC, then they agree to wander the earth until wealthy before contacting their families again.
That makes the fortress neighborhoods worth the money. They will never deflate.
What is this so-called "fortress" or GPA, big name school language bullshite? Real money, real old money doesn't live this way or act this way. You sound like a typical social climber by the language you use. You are watching too many movies.
New Renter
2012 Sep 30, 4:49am
Many Americans drive a long way to work and 4 dollar gasoline is difficult. There is no transportation infrastructure. You watch, 4 dollar gas will take this economy down.
No, rising rents and home prices will bring the economy down.
« First « Previous Comments 45 - 57 of 57 Search these comments
All bubbles in ANY investment before completely crashing have a incomplete crash, denial, a false bottom, a sucker's rally & then finally a complete shit hit the fan crash into cannibal anarchy.
Who here thinks a false rally is happening due to low inventory from banks not listing & homeowners in denial; waiting for prices to go up, then planning on listing.
Thus, prices are only temporarily going up & a very short-term bubble is happening due to a larger ratio of demand going after a manipulated false ratio of actual inventory. This is why you have multiple offers & increased competition , thus increased prices...
Homeowners will then see the prices going up.... Millions of underwater homeowners will start listing & everybody will try selling including banks...
This will crash the market again like in 2008. I expect another crash in the end of 2012, this time much more severe & no more false rallies afterwards; just a rally of cannibals.
Do you guys agree? What do you predict? Do you think I'm right? Your thoughts?