There is no Canadian Housing Bubble!

[usaone]

money.msn.com/home-loans/news.aspx?feed=AP&date=20110811&id=14106193

Default notices DOWN 58% from the April 2009 peak

July YOY notices DOWN 39%.

Dont confuse this with the foreclosures. This comes before the foreclosures.

Very Very BULLISH!!!!

[usaone]

Buy those housing stocks.

[maui1]

usa- i hope you are right........i am tired of getting my monthly notice from zillow telling me how much value my home has lost since their last monthly down report.

i want to sell in 3 years so that i can move back to maui, and not have to bare these same prices when i sell.

[usaone]

Spring 2012. Home ownership is still the American Dream.

[Aman A.K.A. Ahamburger]

Aug 11, 2011 11:29:05 GMT -5 usaone said:

money.msn.com/home-loans/news.aspx?feed=AP&date=20110811&id=14106193

Default notices DOWN 58% from the April 2009 peak

July YOY notices DOWN 39%.

Dont confuse this with the foreclosures. This comes before the foreclosures.

Very Very BULLISH!!!!

Very encouraging stuff.

[bubblyandblue]

Home ownership is still the American Dream. As long as it does not again become the American Speculation Dream (nightmare)

Legal Gambling
The gloom is fading from the real estate situation. More nibbles during the last few weeks than the last three years. If January brings us good rains, this next year will open the door to the sunshine – a case of rain bringing the sun.
It is to be hoped, however, that there will never be another boom. The crash of the boom of 1923 (2008) was due to the same causes that wrecked the wall street stock market. People sold what they did not own. They made a payment down in the hope of getting the property off their hands before it began to burn. Real estate fell into the hands of sharp-shooting gamblers who had no interest in land. To them it was just a pile of blue chips on a roulette wheel.

[lifewasgood]

Well stated bubbly,

Before it is all said and done, many Americans may become renters paying rent to the land lord named HUD

[bubblyandblue]

"many Americans may become renters paying rent to the land lord" of many names and nationalities. That will not work out well.

[usaone]

We are at the beginning of the housing turn around.

[bubblyandblue]

I am not so sure that we are at the begining of a housing turn around. I think the USA is in the midst of a lousy hangover or, we are suffering from alchohol poisoning. There is still to much partying going on in Wall Street and Mainstreet is still waiting to get in.

[lifewasgood]

The partying will continue with a new case of booze coming called QE3

[bubblyandblue]

I think the freeze on rates (bear zero) is just another name for QE3. QE3 is already here.

[lifewasgood]

Yup, But keep in mind Ben wanted 2 trillion in QE last year and only used 600 billion, in his mind, he can still fire 1.4 trillion down range any time he feels like it. GS has already said it will happen and we all know Timmy is a Goldman/Central bank man now in charge of Treasury. It will be interesting after the Fed meeting later in the month.

The market stock market is recovering on the speculation of mo money mo money mo money. It does not work well however for Housing. Housing does not need speculators for a recovery. It needs families desiring a home to raise a family. That requires a job with a future. Right now, Jobs with a future are hard to come by. Hell even the post office wants to layoff workers. So much for safe careers!

[Aman A.K.A. Ahamburger]

Families that buy properties for school kids, or rentals for school kids is a good start, per lifewas good.

Back to School Real Estate Investments Rule
www.prnewswire.com/news-releases/back-to-school-real-estate-investments-rule-127441928.html

This is also interesting. Florida was hit hard. It will come back. Without a doubt.. ;D

Half of sites already sold at Estero Preserve
www.news-press.com/article/20110814/RE/108140321/1076/RSS08


WY anyone?? Wood houses.. 700-1440 sq Ft..

Exports a boon for Western lumber industry
missoulian.com/news/state-and-regional/article_71d9ac12-c6e8-11e0-810f-001cc4c03286.html

[usaone]

The collapse in housing took a lot of people by surprise and so will the recovery.

[lifewasgood]

Families that buy properties for school kids, or rentals for school kids is a good start, per lifewas good.

I don't buy into schemes or gimmicks, so please don't pull me into your fantasy.

[maui1]

my gut tells me housing has a long way to go before it finds anything to build on.

i feel, we will have a dead housing market for years to come. I hope not, but i don't see a light yet, at the end of the tunnel. if fact, i don't know if we even have a tunnel yet, to look into.

[Aman A.K.A. Ahamburger]

Well I didn't write the story, and I'm not buying a house for my kids in a University town life. It's really unfortunate that you see these facts as fantasy.


Interesting perspective maui.

[flow5]

www.doctorhousingbubble.com/worst-housing-crash-gets-worse-real-estate-new-home-sales-dip-82-percent-bubble-areas-will-pop/#more-4845

During the Great Depression, new home sales fell 80 percent from peak to trough. In this crisis we have fallen 82 percent.

We have 6 million homes lingering in the shadow inventory

===========

Aging population portends sluggish demand. We need more monetary stimulus.

[Aman A.K.A. Ahamburger]

Yeah. I like the FTI stimulus plan.. Lets Greece the wheels of the business world with the 4 trillion dollars they have!!!

[usaone]

Agreed we need more stimulus BUT let's not forget we have had 5 years of historically low housing starts and immigration should take the edge off the aging population angle.

[maui1]

www.thestreet.com/story/11224917/1/a-huge-housing-bargain--but-not-for-you.html

here is a kick in the ass............the taxpayer foots the bill for both the bail outs, and the loss of home equity, and then our gov't gives their friends, some of which were direct contributors to the housing bubble in the 1st place, all the gov't owed properties at a reduced cost off of the already reduced cost, that the gov't has them listed on their books.

NEW YORK (RealMoney) -- The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors -- vulture funds.
These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value.
You and I will not be allowed to participate. These investors will come from the private-equity and hedge-fund community, Goldman Sachs(GS_) and its derivatives, as well as foreign sovereign wealth funds that can bring a billion dollars or more to each transaction.
In the process, these investors will instantaneously become the largest improved real estate owners.

the above is just part of the article.....read the whole thing and you will feel what it is like to get screwed after having already been screwed.

our gov't has no problem f---ing the american tax payer every chance they get.

[usaone]

No matter what we foot the bill Mau1. its a moot point. By GS stock if you want to get some money back.

[maui1]

usa- your answer to everything is "buy stock"

for the last 10+ years, you answer has been completely wrong. how much longer will you continue the spout the same theme, with any promise that anyone will listen to your thoughts?

[Aman A.K.A. Ahamburger]

Maui, you DO realize that once the US govt is paid, that means the taxpayers are getting pd right? I know it sucks, should never have happened. But it did.. The REALITY is that TARP isn't 700 billion, it was going to be 60 B, smaller now that these securities are being sold that you're talking about.

Yes maui to profit from GS you own their stock, it's the way it works.

[maui1]

Maui, you DO realize that once the US govt is paid, that means the taxpayers are getting pd right? I know it sucks, should never have happened. But it did.. The REALITY is that TARP isn't 700 billion, it was going to be 60 B, smaller now that these securities are being sold that you're talking about.


i see another person drinking the gov't cool aid. i would respond but it seems it would be a fruitless effort, as i am sure there is an implanted block to what is real.

[usaone]

Aug 31, 2011 9:49:39 GMT -5 @maui1 said:

usa- your answer to everything is "buy stock"

for the last 10+ years, you answer has been completely wrong. how much longer will you continue the spout the same theme, with any promise that anyone will listen to your thoughts?

So in 1980 or 1981 you should not have bought stocks because the previous 10 years....the 1970's..... stocks went nowhere?

[maui1]

So in 1980 or 1981 you should not have bought stocks because the previous 10 years....the 1970's..... stocks went nowhere?

making arguments using history, is useless. i can pick a time in the past to make the opposite argument.

what i am saying is.....the gov't is going to f--- the american tax payer, again, over the same housing bubble that they created in the 1st place. just another way to give wealth to their friends, the same friends that will hire them with million dollar jobs when the are done with public office.

[maui1]

By GS stock if you want to get some money back

Yes maui to profit from GS you own their stock, it's the way it works.

the above are two comments from two investors (?) who advise to buy goldman sacks. gs has done nothing since 2005........and pays about a 1% dividend.

not sure i will be taking any stock picking advice from either of them.

[verrip1]

The data-impaired are always good for a laugh.