Comments on: What happens when the government stops supporting the Housing Market? http://www.sellmyhouse.com/community/government-support-housing-market/ www.sellmyhouse.com Real Estate Network Thu, 02 Dec 2010 19:41:38 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jon Z http://www.sellmyhouse.com/community/government-support-housing-market/comment-page-1/#comment-173 Jon Z Wed, 05 May 2010 20:47:59 +0000 http://www.sellmyhouse.com/community/?p=87#comment-173 Great blog post. The banks and the government need to let go of these house cheaper and let the private citizins renovate them and get them back on the tax roll. Sometimes it feels like the government is trying to make this worse. Great blog post. The banks and the government need to let go of these house cheaper and let the private citizins renovate them and get them back on the tax roll. Sometimes it feels like the government is trying to make this worse.

]]> By: Trish http://www.sellmyhouse.com/community/government-support-housing-market/comment-page-1/#comment-125 Trish Wed, 07 Apr 2010 01:46:44 +0000 http://www.sellmyhouse.com/community/?p=87#comment-125 Try to remember that this housing crisis began during the PREVIOUS administration, and the current administration is doing what it can to pick up the pieces of the mess that was left behind. The economy was already in a freefall when Obama went into office, and the stimulus package was already approved by the Bush administration. Try to remember who started bailing out the banks- Obama only put more money into them so as not to waste the tremendously large investment that the Bush administration had already made. Try to remember that this housing crisis began during the PREVIOUS administration, and the current administration is doing what it can to pick up the pieces of the mess that was left behind. The economy was already in a freefall when Obama went into office, and the stimulus package was already approved by the Bush administration. Try to remember who started bailing out the banks- Obama only put more money into them so as not to waste the tremendously large investment that the Bush administration had already made.

]]> By: Peter Anderson http://www.sellmyhouse.com/community/government-support-housing-market/comment-page-1/#comment-123 Peter Anderson Tue, 06 Apr 2010 09:52:22 +0000 http://www.sellmyhouse.com/community/?p=87#comment-123 In my long career in this business I have never seen anything like this. The Carter administration was horrible, but this is much much worse. I am stunned by the incompetence of our elected officials in Washington DC. It almost seems like intentional destruction of our economy. Another thing that really concerns me is not only the idiots we have running this country, but the fact that people in this country elected them. "Remember in November" In my long career in this business I have never seen anything like this. The Carter administration was horrible, but this is much much worse. I am stunned by the incompetence of our elected officials in Washington DC. It almost seems like intentional destruction of our economy. Another thing that really concerns me is not only the idiots we have running this country, but the fact that people in this country elected them. “Remember in November”

]]> By: Scott Taylor http://www.sellmyhouse.com/community/government-support-housing-market/comment-page-1/#comment-122 Scott Taylor Mon, 05 Apr 2010 23:10:57 +0000 http://www.sellmyhouse.com/community/?p=87#comment-122 Mr. Sunshine, LOL. I think Chris thinks that if people believe that the market is not near the bottom it'll make the home buyers and investors pull back thus hurting the healing process further. Let's face it, the presses doom & gloom stories don't help consumer confidence, right? Mr. Sunshine, LOL. I think Chris thinks that if people believe that the market is not near the bottom it’ll make the home buyers and investors pull back thus hurting the healing process further. Let’s face it, the presses doom & gloom stories don’t help consumer confidence, right?

]]> By: David Morris http://www.sellmyhouse.com/community/government-support-housing-market/comment-page-1/#comment-121 David Morris Mon, 05 Apr 2010 21:58:22 +0000 http://www.sellmyhouse.com/community/?p=87#comment-121 Spot on. A buddy of mine forwarded me your link...very few people are seeing the obvious. We're enjoying so many artificial props in the economy right now keeping prices low... -Excess inventory due to businesses going out of business. -Excess inventory due to individuals selling off all they can in yard sales and on ebay. -Artificial liquidity due to the Japanses post office buying T-Bills, even though they're bankrupt (I think they are actually worse off than we are!) -Artificial liquidity due to citizens in Greece, Ireland, and the EU in general moving their money from Euros to dollars. -Artificially high real estate prices due to rats so low that the risk premium has been removed. -Artificially high real estate prices due to excessive tax credits. -Artificially high real estate prices due to banks keeping bad debt on the book so as to not tank their entire portfolios. -Artificially high commercial real estate prices due to banks not foreclosing so as to not tank their entire portfolios. -Artificially high stock prices due to Harry S. Dent's "great boom"...which will be gradually moving out of stocks and into more conservative investments. -Artificially high stock prices due to credit default swaps not showing up as the liability that they truly are. -Artificially high bond rates b/c of buying our own debt in exchange for dropping HUMINT in China. (boy...that's a smart one!) -AND, of course...printing lots of FRNs in the face of a dropping GDP. I did a video on this a few months ago... http://www.youtube.com/watch?v=-sHeAikFANM I anticipated a housing fall when the old tax credit went away...it got replaced and it's still only a matter of time before the piper has to get paid. Keep up the good work. David Morris Author "Urban Survival Guide" UrbanSurvivalGuide.com UrbanSurvivalPlayingCards.com Spot on. A buddy of mine forwarded me your link…very few people are seeing the obvious.

We’re enjoying so many artificial props in the economy right now keeping prices low…

-Excess inventory due to businesses going out of business.

-Excess inventory due to individuals selling off all they can in yard sales and on ebay.

-Artificial liquidity due to the Japanses post office buying T-Bills, even though they’re bankrupt (I think they are actually worse off than we are!)

-Artificial liquidity due to citizens in Greece, Ireland, and the EU in general moving their money from Euros to dollars.

-Artificially high real estate prices due to rats so low that the risk premium has been removed.

-Artificially high real estate prices due to excessive tax credits.

-Artificially high real estate prices due to banks keeping bad debt on the book so as to not tank their entire portfolios.

-Artificially high commercial real estate prices due to banks not foreclosing so as to not tank their entire portfolios.

-Artificially high stock prices due to Harry S. Dent’s “great boom”…which will be gradually moving out of stocks and into more conservative investments.

-Artificially high stock prices due to credit default swaps not showing up as the liability that they truly are.

-Artificially high bond rates b/c of buying our own debt in exchange for dropping HUMINT in China. (boy…that’s a smart one!)

-AND, of course…printing lots of FRNs in the face of a dropping GDP.

I did a video on this a few months ago… http://www.youtube.com/watch?v=-sHeAikFANM

I anticipated a housing fall when the old tax credit went away…it got replaced and it’s still only a matter of time before the piper has to get paid.

Keep up the good work.

David Morris
Author “Urban Survival Guide”
UrbanSurvivalGuide.com
UrbanSurvivalPlayingCards.com

]]> By: admin http://www.sellmyhouse.com/community/government-support-housing-market/comment-page-1/#comment-120 admin Mon, 05 Apr 2010 20:55:41 +0000 http://www.sellmyhouse.com/community/?p=87#comment-120 Sorry you dissapprove Chris. At SellMyHouse.com, we dont hide our head in the sand and ignore the bad news. Our job is to look at the data and figure out how to be prepared to react to it. If you need somebody to blow smoke up your skirt I suggest CNBC. Of course I've found it is always best to buy the exact opposite of whatever they are selling you. Always wondered why the vast majority of wall street claimed the 'sub-prime' issue would be very manageable. Nobody seemed to report the truth until <em><strong>AFTER</strong></em> it happened. That's not us I'm afraid. JKR Sorry you dissapprove Chris. At SellMyHouse.com, we dont hide our head in the sand and ignore the bad news. Our job is to look at the data and figure out how to be prepared to react to it. If you need somebody to blow smoke up your skirt I suggest CNBC. Of course I’ve found it is always best to buy the exact opposite of whatever they are selling you. Always wondered why the vast majority of wall street claimed the ’sub-prime’ issue would be very manageable. Nobody seemed to report the truth until AFTER it happened.

That’s not us I’m afraid.
JKR

]]> By: Chris http://www.sellmyhouse.com/community/government-support-housing-market/comment-page-1/#comment-119 Chris Mon, 05 Apr 2010 20:45:56 +0000 http://www.sellmyhouse.com/community/?p=87#comment-119 Thank you Mr. Sunshine. Thank you Mr. Sunshine.

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