Hot! FORECLOSURES ‘ASTRONOMICALLY HIGH’

[decoy409]

Say,did not a 'rat' just make comment as the GREAT uptick in the sales.

And we covered some REALLY GREAT INFORMATION regarding this whole mess in the past 24 hrs.

Party on Garth.

Foreclosure sales slow, but remain very high
Huge backlog of distressed properties means any housing recovery is a long way away

www.msnbc.msn.com/id/43175612/ns/business-personal_finance/

What about that GDP and Employment GROWTH being spewed about?

[decoy409]

Have a steak instead of a burger.

I hold no remorse for those unable to defend their position of suggestive propaganda.

[decoy409]

Come out 'rats' and defend you b.s.

[maui1]

i really feel sorry for all those 1st timers that took advantage of the gov'ts 1st time buyers credit. boy did they 'take it in the shorts'.

nice of our gov't to try an stabilize their mess on the backs of young americans. not only did they srcrew all the 1st timers, they also compounded the problem that they were 'trying (?)' to fix, as a lot of these loans are now way underwater and may not withstand the desire of these 1st timers to 'walk'.

[Virgil Showlion]

Decoy, calling your opponents "rats" isn't going to inspire them to debate you.

To play devil's advocate: isn't foreclosure sales a lagging indicator? The article indicates that foreclosed properties make up a record portion of home sales. That means that the banks, REITs, etc. are aggressively trying to sell the homes to responsible new buyers. Are these not the conditions where recoveries normally occur?

[decoy409]

I would like to think that. However when I see the same thiefs that help to manage this mess of a housing market we have,and then their counterpart buys the deeds gone bad,and then they turn them lose on the city,county and state auction blocks,and then have little side show helpers come in and buy those up,why a scam is a scam and then adjust those math numbers to 7% plus to the good. I do smell a rat.
This ongoing vicious cycle of starting with nothing and running a circle collecting all the way back to start is just pathetic. Then when the circle is done the numbers are revised into profit by the very ones that caused the mess,nothing at all good is coming out of that,nothing.
Meanwhile the people,good bad or ugly are caught in the vicious web. Liars Loans that should have NEVER been allowed,period.

[Virgil Showlion]

At this point in the game, Decoy, I don't think you'll find too many people who disagree with you.

[maui1]

Decoy, calling your opponents "rats" isn't going to inspire them to debate you.


virg- they call themselves "rats". is it wrong to call them by their names?

[Virgil Showlion]

They call themselves the "rat pack", and even that was a concession.

They're big boys and I'm sure Decoy can call them what he likes without causing too much offense. But wise man say: if you wish to debate a reluctant opponent, invite him courteously to the table.

[decoy409]

A bit late for that Virgil. When I was nice and presented The BIG Picture back at this pack of rat's,they ridiculed and fecied upon me for all to see.

Like I covered in today's Decoy Post about me,I am still here and open for that debate. However with the ahamburger,he had no rebuttal to the many SOURCED BACK references I handed him including his domain and yours Virgil your way as to housing. Then he tried to cover up his words stating he was making reference to Canada and not the US.

Of course that is dam funny. And even funnier when I threw the stats back at him to his own housing position in Canada.

And where did he run to? Back to the rat hole. As there was no debate.

[decoy409]

So Virgil looks like the kettle is OFFICIALY black. That was a tall order of SOURCES to dispute. We will give the burgerboy a break as he simply had no idea he was going to get hammered.