patrick.net

nowhere but up from here says

Now ya just can’t beat that….

Yes, because the "president and CEO of Prudential Douglas Elliman Real Estate" is an unbiased and reliable source. Are you going to start citing Lawrence Yun next?

Bankster Buddy, your constant railing about KALIFORNIA SUCKING ON THE FEDERAL BOOBS while the rest of Uhmerica is slaving away at the oars to pay for our granola is patent nonsense. The article you linked doesn't say ANYTHING about Federal "few billion" dollars flowing into California. Unless it's hidden somewhere. Y

According to your article, California doesn't even charge oil companies royalties like Alaska does. So if Californa starts taxing them and suddenly your gas prices go up I guess you could say we are affecting you. Conversely you could say "librul" states like Alaska are unfairly taxing you now and demand it be rescinded.

I like bashing California as much as the next guy, this place is full of crazy people and assuredly "kicking the can down the road" will only lead to another budget crisis in 6 months or so. You are coming off as a California-bashing loon who can't even keep your story straight from one second to the next.

nowhere but up from here says

Now ya just can’t beat that….
http://finance.yahoo.com/tech-ticker/article/291494/Hope-for-Housing%3A-Prus-Herman-Sees-Stabilization%2C-End-of-Price-Plunges

Excellent article. I am afraid that I would be priced out again..

Dead cat bounce the year after the crash, right on schedule:

"For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930

"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930

"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930

"The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity."
- Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930
"... the outlook continues favorable..."
- HES Mar 29, 1930

"... the outlook is favorable..."
- HES Apr 19, 1930

"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
- Herbert Hoover, President of the United States, May 1, 1930
"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- HES May 17, 1930

"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930

"... irregular and conflicting movements of business should soon give way to a sustained recovery..."
- HES June 28, 1930

"... the present depression has about spent its force..."
- HES, Aug 30, 1930

"We are now near the end of the declining phase of the depression."
- HES Nov 15, 1930

http://www.gold-eagle.com/editorials_01/seymour062001.html

(See 1929 - 33 Dow chart w/corresponding corporate/government rah-rah statements.)

heh! heh! It's amazing how people forget the markets experienced a nice upturn in 1930 only to turn around and reach lower lows. Also it took 4 years after the 1929 market crash to reach the peak unemployment. 4 years! Yes that was exacerbated by the dust bowl conditions and farm failures. (The farms failed as a result of previous overleveraging during WWI when American farmers were asked to ramp up production to help Europeans eat. Their own fields were involved w/battle).

Just like then our whole system is overleveraged. What will be the shock that sets off the next leg down? Don't sneeze anyone.

Interpretame and nowhere but up from here: Are there any other reasons you two (And anyone else on here that agrees) believes the housing market has bottomed other than the uptick in sales this month and the president/media/fed stating the recession has ended?? You do realize that while more houses were sold in June than in May, its still a situation where the market still sucks, it just doesn't suck as bad?

Interpretame, where are you living at?

NBUFH must be a fortress realtor ... or was that established already?