There is no Canadian Housing Bubble!

[decoy409]

maui1,that is what they call 'washed' or a 'washer'

[maui1]

but wouldn't that imply cleanliness?

[decoy409]

well,the look of.

[decoy409]

Say,the best part of this one is yet to come as far as MBS and failed backing covered for now through sleight of hand acct.

[decoy409]

Say as we kick the cake (opps I meant can) down the road,and for MBS,looks like this problem will have some concerns. However for those not keeping up to speed as to what playing piece is what and belongs where and moves in direction,well,simply don't be late to the party,

July 12,2011 Property market is entering a 'mini ice age' and won't recover for a decade

excerpt - The housing market is entering 'a mini ice age', with anybody who bought between 2006 and 2008 among the biggest losers, a top firm of accountants has claimed.
It warns Britain's 18million homeowners that prices may not recover to their peak levels for more than a decade.
The report, from Pricewaterhouse Coopers, says there is a 'near 50 per cent chance' that prices will still be underwater in 2020, when adjusted for inflation.

www.dailymail.co.uk/news/article-2013709/Property-market-entering-mini-ice-age-wont-recover-decade.html

[maui1]

The housing market is entering 'a mini ice age', with anybody who bought between 2006 and 2008 among the biggest losers,

i disagree.........the biggest losers will be the 1st timers who bought with a gov't incentive to buy (2008 to 2010), and are stuck with a home that is under water. they have a big decision of whether to start their lives in debt forever, or to start their lives in bankruptcy.

the 2006 to 2008ers, are living large, not paying their mortgage, living rent free, and will walk when the time gets close to eviction.

the 1st times will eventually play the same game, but at a tender age, and as a pure victim of our gov't intervention.

[usaone]

Most first time buyers are going to be in there house for a long time and are not concerned with todays prices.

[decoy409]

"Most first time buyers are going to be in there house for a long time and are not concerned with todays prices."

Oh really?

From the 200,000 jobs per month being produced you spoke of to the gld. and slv. plunge you spoke of to the unemployment rate you spoke of to now the latest comment above you spoke. Well you probebly would want to go back and have a look a that 'easy credit' as to your comment and what has and is transpirring behind the scenes that is not up in your mainstream.
I don't like saying to anybody no matter who they are,'I told you so.'

Neo had a good one long back as to somebody useing that line when the pants were coming off. I choose not to.

[maui1]

Most first time buyers are going to be in there house for a long time and are not concerned with todays prices.

just like americans are not concerned about unemployment numbers when voting.

if you say it, it must be true

[decoy409]

And what would that have 'ANYTHING' to do with #275?

[usaone]

We did have 200k a month hiring. And the public doesnt look at things the way you do.

Your home is shelter not a back account.

People move into a home get their kids in school fix it up the way they want and enjoy it. Most people are in their homes for the long haul.

[decoy409]

And once again I ask,what does that have to do with #275.

#275 - Well you probebly would want to go back and have a look a that 'easy credit' as to your comment and what has and is transpirring behind the scenes that is not up in your mainstream.


But that's fine if choose not to all the same and we will be re-discussing it in a 'short time.'

[Aman A.K.A. Ahamburger]

I luv how you want every to back up post # whatever but when your asked to do the same you can't pay the same respects.. Hmm

[decoy409]

Hmm what? That you are convinced that everybody is a communist.

And what is up with houseing. Well as stated yesterday. 10' of thousands of FELONY cases just being brushed aside. And a pitance of a fine,and TAXPAYERS picking up 5 BILLION of that fine plus.

Yee-Haa! That's tasty!

[Aman A.K.A. Ahamburger]

How can everyone be a communist? I just call them as I see them.

Like how 160K PRIVATE jobs were added on average for the first six months of the year, even with the last two shitty months of reports.

[Aman A.K.A. Ahamburger]

What can you say.. The market is always right... ;D

Real Estate Stocks Signal a Recovery for Housing
www.marketwatch.com/video/asset/yho/150C0C71-5CA3-42A7-AC90-C5A0843E9623?siteid=yhoo#!150C0C71-5CA3-42A7-AC90-C5A0843E9623

[usaone]

Dr Doom is buying.

blogs.forbes.com/afontevecchia/2010/12/17/dr-doom-bullish-on-housing-roubini-buys-a-5-5-million-manhattan-condo/

[decoy409]

July 19,2011 Housing Starts Surge 15%! Big Deal!

timiacono.com/index.php/2011/07/19/housing-starts-surge-15-big-deal/

[decoy409]

Say that was some great revisions to the housing today,don't ya think!

[Aman A.K.A. Ahamburger]

Jul 20, 2011 9:15:26 GMT -5 usaone said:

Dr Doom is buying.

blogs.forbes.com/afontevecchia/2010/12/17/dr-doom-bullish-on-housing-roubini-buys-a-5-5-million-manhattan-condo/

Nice catch usawon! Sums it up nicely I think..

[lifewasgood]

How banks are assaulting the housing market
www.chicagotribune.com/news/opinion/ct-oped-0719-byrne-20110719,0,5276134.column?source=patrick.net#breadcrumb

I had a very recent experience where in my opinion the bank did everything it could to make sure the deal failed and it did! I was a buyer, ready to go and the bank fumbled the football so badly I walked away in total frustration and disgust.

Until the Banks show up to the game, the housing market will continue to decline.

[decoy409]

Banks did show up in 10's of thousands of FELONY cases that sit on the sideline unprosecuted.

A posible housing bottom in 2011? Ahh,how about 'No Housing Bottom in 2011 as Commercial Waits Lurking in The Weeds.'

[lifewasgood]

GARY SHILLING: And Now House Prices Will Drop Another 20%


Read more: www.businessinsider.com/gary-shilling-house-prices-2011-3#ixzz1Sl3ATxNh

It could be another 30-40% before it is all said and done.

[decoy409]

Yes build that Fantasy Island equity up and tell them they are getting what they pay for. Oh they certainly are getting what they paid for.

[maui1]

home values going down increases the sale pool. each downward dollar, moves someone closer to being underwater or further underwater, and default, for many reasons.

[decoy409]

Then you get the 'sucker buy' market.

[decoy409]

Where did the housing experts run off to?

[decoy409]

Well drop this thread. Looks like the actual news has come out of the wash and turned out to be nothing more than as stated,years upon years of regrouping. Until the 10's of thousands of comitted felonys have been addressed and prosecutions start for them,well that is when you will see your housing revibrate. Anyone in their right mind knows that giving the criminal the key to the safe and allowing easy acess without repercushion from,well nothing changes there until a stop is put to it.
Commercial property and easy credit from credit cards getting ready to emerge.

[lifewasgood]

We are in a predominantly cash buyers market. Without Bank lending, this market is stagnate at best and devaluing at worse.

[Aman A.K.A. Ahamburger]

Yes and that cash is what skews the numbers, I have explaines this three or four times..

What's the matter guys? The D&G smear sure is in full swing, if it's not going to happen, why you trying so hard to convince everyone that it's not possible.. DR. Doom is buying..