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"No Sign of a Housing Bubble"


               
2010 Aug 17, 11:41am   5,405 views  27 comments

by generallyfd   follow (0)  

From the L.A. Times, June 23, 2004:

http://articles.latimes.com/2004/jun/23/business/fi-homes23


"There is no bubble in U.S. home prices despite the price surge in recent years, the New York Federal Reserve Bank said Tuesday, and even if regional prices do fall, that will not pose a threat to the overall economy..."

#housing

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13   schmitz_kris   @   2010 Aug 19, 2:29am  

Based on the economic data that is now coming out (as if any solidification of pessimistic opinions were required), the Fed also saw a "recovery" when indeed there was none at all. It was all just a fleeting, temporary snowjob induced by the largest expansion of debt and balance sheet gymnastics in history.

Double dip, here we come.

14   RayAmerica   @   2010 Aug 19, 2:36am  

Does anyone know where the next stop for the "Summer of Recovery Tour" is? I have some time off and would be just excited beyond compare (maybe even faint) to hear what the President has to say about the "recovery." Please answer ASAP .... my luggage awaits at the front door.

15   GaryA   @   2010 Aug 19, 2:36am  

Greenspan said in Feb, 2004 that affordability problems could be solved with adjustable mortgages. The Fed was in on the ponzi housing scam.

16   schmitz_kris   @   2010 Aug 19, 2:43am  

RayAmerica says

Does anyone know where the next stop for the “Summer of Recovery Tour” is?

It's the printing factory where the unemployment checks are made.

I don't know about YOUR area, Ray, but here in Minnesota we DO have economic growth happening all around us. Up the road from me near St. Cloud we have a boom in employment and construction with the following:

http://www.sctimes.com/article/20100819/NEWS01/108190032/Local-debt-collection-business-expands-to-Sartell-

A local debt-collection business is more than DOUBLING their office space and employment!
I hear bankruptcy attorneys are also in very high demand.

There are jobs a plenty!

17   RayAmerica   @   2010 Aug 19, 2:48am  

Thank you very much. I'm feeling a lot more confident than I ever have before. I just knew this would be a great summer. YES WE CAN recover .... and you've proved that it's happening and working (no pun intended).

18   schmitz_kris   @   2010 Aug 19, 3:13am  

I hear Oregon is cutting like 9% from its budget.

Ouch. That's a ton of jobs.

19   Cautious1   @   2010 Aug 19, 3:34am  

Oh, all this optimism is so uplifting! I was feeling so discouraged, looking at all the bills and the family members getting downsized and our taxes increasing and now they aren't going to replace our street light bulbs, but then I came here and was blinded by the sunshine and all the radiant luminosity of hope and the fabulous future that awaits us and our grandchildren!

(koff)

20   schmitz_kris   @   2010 Aug 19, 3:43am  

Cautious1, I'll try and help you out. The city not replacing the light bulbs is wonderful. Artificial illumination messes with your circadian rhythms, insulin levels and melatonin secretion in your brain. Your body will be healthier without them. Not only that, but after having to use a baseball bat repeatedly on the thieves/vandals who try to damage your darkened property, you'll attain those ripped biceps and triceps that the ladies love.

Think on the bright side.

21   pkowen   @   2010 Aug 19, 3:46am  

schmitz_kris says

Cautious1, I’ll try and help you out. The city not replacing the light bulbs is wonderful. Artificial illumination messes with your circadian rhythms, insulin levels and melatonin secretion in your brain. Your body will be healthier without them. Not only that, but after having to use a baseball bat repeatedly on the thieves/vandals who try to damage your darkened property will allow you to achieve those ripped biceps and triceps that the ladies love.
Think on the bright side.

Studies have shown that the more streetlights in an area, the more crime. Just sayin'.

22   schmitz_kris   @   2010 Aug 19, 3:50am  

Another good point - without street lights the criminals will bump into something hard and fall down.

23   Cautious1   @   2010 Aug 19, 3:50am  

Schmitz_kris, you're an angel. But I'm a widow with young kids, so I will kinda miss the street lights. And the sheriff's office is too understaffed to respond right away, so the feller a couple of blocks over had to shoot two guys who broke into his house, and it sorta' creeped me out, and stuff like that. But you're right, there's ALL KINDS OF POSITIVES if we JUST LOOK FOR THEM and I suppose in this new economy, ripped guns are going to be a girl's best asset.

24   schmitz_kris   @   2010 Aug 19, 3:52am  

Men love toned arms on the ladies too, Cautious. NOBODY lusts after those flappy arm wings that you see on a grandma who doesn't take care of herself.

25   Cautious1   @   2010 Aug 19, 3:54am  

pkowen says

Studies have shown that the more streetlights in an area, the more crime. Just sayin’.

You're so right! And lights attract bugs!
Bless you, too. I feel so safe now.

26   Cautious1   @   2010 Aug 19, 3:55am  

schmitz_kris says

NOBODY lusts after those flappy arm wings that you see on a grandma who doesn’t take care of herself.

But since we won't be able to afford electricity, we'll need bat wings for personal cooling.

27   schmitz_kris   @   2010 Aug 19, 3:58am  

"bat wings" lol.

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