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BUY AIG!!!! BUY BAC!!!
Breaking into all time mean territory now with that avatar!
Wot? No charts?
would you mind to put a selling point too?
Score another one for Biflation, bitchez!
Houses down, oil up. That's the news this week. Which just goes along with the theme-songs of employment down, food up and incomes down, cotton up. And tuition up. And healthcare up.
With credit card interest at 22% we're sure gonna have a 'Robust" consumer next year!
The Bernank is doing a beautiful job balancing "inflation" and keeping it at ZERO! Think about it, houses down/oil up = net result BALANCED! Yes, The Bernank truly is the greatest central banker of all time, Greenspan eat your heart out.
This has got to be great for the middle class....
Exporting inflation to China
For now anyway.
The Double Whammy Economy...
Wages down, job opportunities down, home prices down, commercial real estate down, cost of doing business is up with city, county, state governments all broke and raising taxes and the feds are layering in more and more bureaucratic burdens...
Oil and gasoline prices are up, cotton/clothing prices up, food prices are up, health care costs higher, college tuition prices higher...
Call it the middle class vise grip...
'The Great Bernank Milk Money Shake?'
Repeat after me "There is no inflation, There is no inflation, There is no inflation" That's what I hear from the talking heads so it must be true.
So *not* a surprise.
Unless you pretend to be paid to report on such things.
This is the CNBS headline and if one does not actually READ the release it gives the impression that the news was POSITIVE.
All that matters this morning is CNBS's headlights..........did you see Amanda Drury's puppies?
If you are implying that the worse the news, the more visible the cleavage, bring on the flash crash. Thats about all she is good for anyway.
i noticed them, on morning joe this AM. cleavage galore, nice puppies she has, and i bet they don't sag a bit.
Gold up, retailers on their knees and home prices down... something does not add up here...
Gold is protection against your buying power getting crushed. Anyone holding dollars wants to dump them as their buying power erodes daily. That means incomes, dividends and interest are also eroding. So gold provides actual biflation protection
But one could argue that buying power isn't going down when home prices are declining... However the world has gotten so weird that i think the mother of all crashes is just around the corner... JMHO
In an economy where housing prices are dropping (the bulk of people's net worth) and cost of living and doing business are rising fast it makes sense. It means businesses can't pass on rising input costs. Margins get squeezed. It sets up a vicious cycle where the Fed will unrelentingly print more in response, reinforcing the effect. Only gold is preserving your buying power.
Yes i understand the concept of preserving your wealth with gold. However to me i think market is telling: Housing prices are going go a way lower as the money is going to gold instead of homes. That on the other hand means that we are heading to deeper into recession... I hope i'm wrong because that could spell a total catastrophe.
One of the fundamental problems with our government and its pervasive involvment in our lives is that our citizenry has not the courage to believe in itself... Do not rule out possibilities simply because you do not want to believe they could occur...
Total collapse, total catastrophe, its all good. The only way to fix a system this corrupt is to let it burn. Burn, baby, burn. Also, during the fire is a great time to seek and deliver retribution to those who have deserved it so long.
I think I get the pattern now, they sell Home builders now and buy NFLX and AMZN?
You guys better believe that the Fed can throw enough money at this. hehe
Buy the fucking dip. Or you will be living in this bearish biased, end of day type of online community forever, with bitterness in real life.
This ain't the dip.
This can't be happening. I mean we're right in the middle of a strong and sustained economic recovery, right? What do you mean house prices are dropping? Who dropped the ball?
This means we're gonna need to buy municipal bonds and every damn mortgage in America over the next 18 months. Where does this end?
It ends with the Fed. I mean the Fed ends it. I mean end the Fed.
It ends with the Bond market saying "no", with higher rates. Once we start getting cut off from the source of this heroin, i.e. cheap credit, then we can move on to getting back to normal. Unfortunately, that's going to be ugly. That's why the Fed can't effectively print unto infinity.
Re: Case-Shiller. A key thing has been left out of the article, and the comments to date. CS has said that the Seasonally Adjusted number should be ignored; the only thing which counts is the NSA. So this number is indeed very bad.
Yeah, I thought this was the "winter of recovery" that followed the "summer of hope" or whatever it was.
Guess this means you haven't planted your "money tree" yet...
I see a lot of smaller homes of 800-1000 sq. feet selling for $90k in lower middle class neighborhoods. The houses in higher middle class neighborhoods are selling for just over $100k of course. What are people waiting for? At these prices, you're practically stealing it. Better buy why you can!
Not considered a value at these levels or even a good investment long term. Post bubble real estate prices can stagnate for decades. Even worse if the economic picture is spelling contraction. Even worse if nobody has any money left when they're getting squeezed from biflation.
Where do you live, Wanker? Kansas?
This is Wanqer.
You have been Wanqered. :>)
good weather and medical marijuana isn't enough to get me to move to cali. with a nazi loving governor, carbon taxes, and high unemployment, it's adios.
here's a house in compton for only $99,900 and it has a pool.
but then there's all those nasty drive-bys
They're gona' have to remove that steel wire fence if they want the subprime ninja's in.
If you look carefully at the 14 photos, it appears the house has a mold problem. Look closely at the one of the closet and also just above the baseboard trim in several photos including the bathrooms.
That can't be good. Nice back yard though if you're not being shot on sight by the drive by shooters.
Nice people, nice neighborhood. After all, it is so close to Hollywood with all its glamor.
Will our next presidento be from this neighborhood? You never know.
Americans were brainwashed to an imbecile level.
Drink Brawndo! It's got what plants crave!
"Home, Sweet Home ?" Not on Racquet Club Drive.
"Straight Outta Compton !"
Lots of "bargains" in Detroit.
HW. I junked you only because you deserved it. My question to you, tho, is..... does the C/S report impact on my 100% cotton Teepee? It is my home, but all cotton.....what do you think?
they don't have the money and can't get the credit Harry, thats why. I wished that I lived in whatever little happy corner of he world you live in because it ain't like that where I am or anywhere else from what I see.
Shut it Shit Banger.
Go back to selling your toilet bowl lids or whatever you do.
Harry Wanqer (not the real Harry), with all due respect to the mentally-challenged, you are retarded. Those $90K homes will be worth $60K in a few years and the $100K homes worth maybe $70K. Housing is still in need of a 25-30% haircut before it even comes close to affordable, which, if you want to use a simple (old) rule of thumb, should be 25-30% of take home pay, not gross, which gets whittled to nothing by FICA and the rapacious tax code.
You make $40K, after taxes, plus maybe a refund, you take home maybe $30K. That's $2500 a month. Your mortgage, real property taxes and insurance should be in the range of $600-750 a month. A $100,000 home with 20% down, 80K financed over 20 years at 5% with 1.5% property tax is roughly $650/month. Decent value.
Wages are not rising. More single earners. Prices have to drop into $60-75 range for affordability to the lower end of the earning class - $20-35K, a growing demographic.
So, let's see how many fools don't realize that you're not HarryWanker, but someone else getting tremendous jollies out of posting as a look-alike, namely HarryWanqer. I see you've fooled 5 so far.
You must live out beyond the Pocono's
Note the underwhelming rush to dollars in response to global gloom. Translated, they're getting dumped as fast as repatriation of hot money. This is extremely gold bullish
No such thing as a down stock market, stock index will close green everyday this week.
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