patrick.net

I see Reuters cheerleading- its because of low inventory
It's because the Lincoln Memorial was closed in October!

How about the "recovery" is over?

bgamall4 says

smaulgld says

Correct- that will be a big initiative in 2014

bgamall4 says

But then, if this rent bundled into bonds thing works, the rich will have even more money with which to hoard real estate.

Let the prices go up. The higher they go the farther they can fall.

Yep and let them become bag holders trying to raise rent on people who don't have the extra money to pay

This bubble will never stop. We're all going to be priced out forever by the boogeyman who lays golden eggs.

Once Obushma appointed Summers and nominated Geithner, it was all over.

Voting Form Shows George Zimmerman Is A Registered Democrat

http://www.ibtimes.com/voting-form-shows-george-zimmerman-registered-democrat-confounding-message-pushed-left-430738

Weird.

Even before the shooting, this guy seems to have attracted liars seeking to fabricate stories of him molesting and assaulting them.

I guess weirdos can sense that a guy will be controversial years in advance.

Blurtman says

Once Obushma appointed Summers and nominated Geithner, it was all over.

A-greed ;)

Meanwhile, the approval rating of the GOP is at the lowest levels its historically ever been. So in reality the GOP has bigger issues, not to mention how they have so far done nothing to attract the voters whom didn't for them the last time around and probably won't the next either.

Don't look now but the Fed is trying to convince us that they can taper and still keep rates low-they know they are stuck and need to stop the QE but they cant risk it because they need low rates so they are trying to sell us on low rates without QE.

If they try to taper, rates will skyrocket and home prices will plummet

Even if they keep the QE and increase it housing price will have a hard time rising as incomes are not rising

That talk he gave which essentially said- there is no economy unless the central banks can create bubbles was frightening.
Absolutely not true, but frightening that if he and others say it enough people believe it and allow them to try and plan the economy through monetary policy

edvard2 says

Meanwhile, the approval rating of the GOP is at the lowest levels its historically ever been. So in reality the GOP has bigger issues, not to mention how they have so far done nothing to attract the voters whom didn't for them the last time around and probably won't the next either.

The "team" mentality doesn't get us anywhere. Who cares if one party is currently more in trouble than the other if both parties continue roughly the same disastrous politics and the president and their administrations not only keep lying through their teeth, but have abandoned the rule of law. How can it be of any comfort that "your team" (which is essentially the same as the other) won against "the other team"? No doubt this a great time to be a career politician.. ;)

John Bailo says

Voting Form Shows George Zimmerman Is A Registered Democrat

Who cares? Nobody called for his trial because of his political party. The public outcry for a trial was based on the fact that he murdered a teenager.

Yes, mell, that is exactly the point. Our leaders have abandoned us and are openly working for our oppressors. Our representatives have been bought and paid for by soulless corporations and mega rich investors. Our government is staffed with bureaucrats whose idealism drives them to job-killing regulations (EPA carbon regulations). And our news media tells us it's all because our favorite political party(whichever is yours, according to preference and news source) isn't being properly respected.

Call it Crazy says

President Obama's approval rating is similar to that of George W. Bush at this point in his presidency

Makes sense. Obama has surpassed Bush in vile evilness. The poll numbers just reflect that.

Dan8267 says

Makes sense. Obama has surpassed Bush in vile evilness. The poll numbers just reflect that.

Uhhh.... no.

mell says

The "team" mentality doesn't get us anywhere. Who cares if one party is currently more in trouble than the other if both parties continue roughly the same disastrous politics and the president and their administrations not only keep lying through their teeth

One party has more issues than the other. The GOP has a legacy issue. Their voters are growing more elderly, they are unable to reach out or attract younger voters or minorities, whom are growing in numbers. Since the GOP has so far made no direction towards correcting those issues they are the ones that are in some serious doo doo for the foreseeable future.

edvard2 says

Uhhh.... no.

Obama has done everything Bush has, and then double down with
- drone strikes that kill civilians including pregnant women, infants, and young and old children.
- outsourcing torture to other countries.
- the assassinations of U.S. citizens, including minors, for reasons as frail as they had a family member suspected of sympathizing with a terrorist group.

So, yes, Obama has done even more evil than Bush. Now, maybe you could make the case that Bush is more evil because he had to start with a system that wasn't evil and corrupted it, but Obama has taken the vileness of our warfare industry to levels that Bush could not obtain.

Just because Obama is black or a Democrat does not in any way diminish the evilness of his policies. Race and political association is irrelevant. I didn't call Bush evil because he was a Republican; I called him evil because he murdered innocents wantonly. I hold the "other side" -- and I use that term very loosely -- accountable to the exact same standards.

APOCALYPSEFUCK is Comptroller says

If Zimmerman really wanted to be president, all he has to do is print posters with his face, captioned, "NEGROES! SAVE ME! KILL! KILL! KILL!"

That is exactly why Zimmerman is a hero of the south. He illustrates why the south is obsessed with the "gun rights". They don't believe in the Second Amendment as a way to revolt against government; no, they really consider the Second Amendment to be a license for hunting blacks.

John Bailo says

Voting Form Shows George Zimmerman Is A Registered Democrat

Which makes it odd that the GOTP has adopted him as their own.

Dumbocrat Mole?

Dan8267 says

Obama has done everything Bush has

Let me stop you right there.... who exactly started those two wars? yeah.... nuff' said.

edvard2 says

Dan8267 says

Obama has done everything Bush has

Let me stop you right there.... who exactly started those two wars? yeah.... nuff' said.

No, the problem is exactly that you stop with who started the wars and the various other evils (torture, kidnapping, rape, etc.).

Honey, it doesn't matter that Bush started these evils. Obama continued and expanded on them. That makes Obama responsible for the evil he has continued and elevated.

The fact that Bush was evil in no way condones or justifies the wicked vileness of Obama. Each president stands on his own record, and Obama's record is god-awful.

yeah, whatever man.

This is damning evidence.

John Bailo says

Voting Form Shows George Zimmerman Is A Registered Democrat

http://www.ibtimes.com/voting-form-shows-george-zimmerman-registered-democrat-confounding-message-pushed-left-430738

If only Obama would do something as stupid as Iraq War II, so that all the fake libertarians could get over the guilt and shame of voting for Bush.

Obligatory conclusion: Both parties are equally bad, Obama = Bush, two sides of the same coin, not a nickel's worth of difference, wake up sheeple, blah blah blah [insert further intellectually lazy false equivalences to taste], copy/paste to all threads.

Call it Crazy says

HydroCabron says

If only Obama would do something as stupid as Iraq War II,

Nah, He'll want his own war, like Iran War I or Syria War I.... He wants to be original.....

Kinda like his signature health care law.....

Yes, an unprecedented health-care law, unlike anything the Heritage Institute or Mitt Romney would ever propose.

House for which I paid $506K in early 2012 is now selling for 725K+ (Same house, same floor plan, same builder). Now that is some kind of bubble about to bust.

Signs of the bust are showing. The realtor next door has stopped building activity as many of the already built houses are unsold.

edvard2 says

Dan8267 says

Obama has done everything Bush has

Let me stop you right there.... who exactly started those two wars? yeah.... nuff' said.

It's reasoning like this that sent fire bombs to Dresden, nearly annihilating that city AFTER the Germans surrendered. Because, well, we have all these bombs still, and they DID start this war ....

Grats, edvard, you haven't fallen far from your imperial roots.

Dan8267 says

edvard2 says

Dan8267 says

Obama has done everything Bush has

Let me stop you right there.... who exactly started those two wars? yeah.... nuff' said.

No, the problem is exactly that you stop with who started the wars and the various other evils (torture, kidnapping, rape, etc.).

Honey, it doesn't matter that Bush started these evils. Obama continued and expanded on them. That makes Obama responsible for the evil he has continued and elevated.

The fact that Bush was evil in no way condones or justifies the wicked vileness of Obama. Each president stands on his own record, and Obama's record is god-awful.

I agree, but does anyone else think Dan is turning into an elderly black woman?

Of course home prices would rise if there was no inventory- just like unemployment can go down if there are people leaving the labor force-but you can't call that a housing or labor market recovery

Here is a report from Houston- claims that the "recovery" there has no legs left and was caused by QE
http://aaronlayman.com/2013/11/katy-houston-tx-housing-bubbles-no-longer-a-question-of-fact/

BB said: Retired people generally (hopefully!) have their house paid off and thus remove both themselves and their primary residence from the housing market until they pass on.
Here's a classic from the Pat. net archives. This one is from Carol Llyod who used to write the Surreal Estate column for the SF Chronicle. Livin' the California Dream:
A decade ago, I remember my mother telling me that after nearly 20 years of residing in their home, which my father had designed and built for about $75,000, my parents had a mortgage of over $500,000.
"What happened?" I asked my mother disapprovingly.
She waved my concerns aside. "This house is a bank," she said. "We'll never pay it off."

Quigley says

AFTER the Germans surrendered.

The firebombing of Dresden occurred in February 1945. The Germans surrendered in April and May. Kurt Vonnegut survived the bombing and aftermath as a prisoner of war, and described the experience in Slaugterhouse-Five.

Sorry to veer off topic - SIWOTI strikes again.

...and lets not forget input from our very own Smaugld which was very timely and on topic...

http://smaulgld.com/the-false-housing-recovery-of-2013-and-how-it-unraveled/?source=Patrick.net

The more one reads, the more one uncovers this not so elaborate ponzi scheme....we have seen this movie before (2006) and we know how it ends. The only thing different this time, the economy is much worse off than at that point in time. How much longer can we kid ourselves?

I think OGolfer is doing a great job on himself ... 37% approval rating, 9% drop IN A MONTH.

What a guy... owned by Banksters, Wall Street, and the military. Gutted the middle class to give his "contributors" free money (B of A, Goldman Saks, Chase Manhattan, etc etc .).

And then spied on his own citizens (not to mention his "allies".)

And gave his bagmen/fundraisers the IT job of setting up the healthcare system.

God ... even the Titantic made it out of port. George Bush in blackface, for sure!

kashif313 says

The only thing different this time, the economy is much worse off than at that point in time. How much longer can we kid ourselves?

Yes the economy is worse this time AND the participation of the riches of this bubble is just for the better off.

In the 2004-06 bubble the average Joe got in on the action.

Want to know why Obummer is plummeting ? Because he sold out the entire middle class of America to his rich contributor/owners. Here's what one the most intelligent men in America thinks of him: a black man with a PHD teaching constitutional law at Princeton.

".....we end up with a Republican, a Rockefeller Republican in blackface, with Barack Obama.... a black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.”

Dr. Cornel West
Princeton University

WTF? I thought we were friends, AF.

Obama: Multiple Life terms for NSA, consorting with bankers, and getting our boys killed for no reason.

Hillary: Life for supporting the Iraq insanity.

Bush: Don't bother sentencing - just lock up.