And housing continues to be propped up!!!!!

RE: all of these economic plans and activities run by our Government...
A half decent Magician will be able to divert the attention of ..oh say about 85% of his audience from what his hands and props are REALLY doing.
In the back of what little mind I've got left, I keep thinking we're having our attentions diverted from something thats coming...
I can't see what the Magicians are hiding...but I can't shake this uneasy feeling that somethings coming and we can't see it.
Yet.
 
Quote from gastropod:

DISCLAIMER: If you don't won't to read an "out there" post - please move on to the next post!


OK, that said...and while I am NOT a big fan of Glenn Beck...I do have to admit that on a point or two I partially agree with him. Beck thinks that Obama, et. al. are actively trying to collapse the gov't. I, for my part, have come to see it as more sinister. I think "the cabal" aka "the power elite" are trying to collapse the whole world system...to replace it with "the power elites' " own FAR MORE DIABOLICAL system. I am NOT smart enough to see beyond that it will be some sort of either monarch or oligarch type system. Bush/Clinton/Bush/Obama have been but the bitches elected (not by the public) by the "power elite" to set up the system for this monarch/oligarch system.

That said about the monarch/oligarch system....this bullshit about "saving" houses is COMPLETELY CONTRARY TO MOST HISTORICAL ECONOMIC VIEWS! I may be mistaken in my understanding, but my understanding is that malinvestment would be corrected by reversion to the mean. In other words - the distortion in house prices that went deviations above the historical (read that - mortgages 2 - 2.5 times income) would be reverted back to deviations below the mean. This fucking prop job is an attempt to halt and destroy the reversion back to NORMAL (aka historical) home prices.

The cynical part of me does NOT see this fucking fake ass home price prop up as some sort of "caring for the poor," but I see it as the straw that breaks the camel's back. This is the "cabal's" attempt to push the world into first chaos and then the "power elites' " version of "salvation from chaos" - the solution that the "power elite" have desired to impose upon the people of the world. While some will say that "these people are not smart enough to pull off such a charade," I would say that they are dumb enough to try to pull such crap off!

OK, the "short" of what I am saying: The prop up of house prices is a pretense by false motherfuckers to gain control of the world. The "they" doing the "propping up" are smart enough to know that the "prop job" will not work. Heed the warning and CYA - cover your ass - because the fall from this prop job will be chaos...I am not smart enough to tell you what to expect after the chaos (I have my own ideas, but I will leave it up to the reader to decide for him/her self).

-gastropod
More...
ALLOWED overleveraging in economic histories FREQUENTLY is directed conduct as a means to set someone or a group up for an eventual very big fall.

Do you think all the wondrous new derivitives "risk management models" the FED was translatting to the Banks/Financial Institutions (while winking and nodding) leading up to the repeal of the Glass-Steagall Act was RANDOM.........LOLOLOLOLOLOL!!!!!! :eek:


*************************************************************************************

The US is a burning battleship adrift out at sea in a nasty war, our cruisers and destroyers in escort have already BAILED! Now we are a still sitting smoldering target, every chance our enemies get they are dropping more torpedoes and bombs trying to get the eventual sinking. Our enemies historically PLANNED attack on the USS Amercia is in the final wave, so expect to see the ramping up of blood lust attacks just ahead. :eek:

You better stop staring at all the dead bodies and fires burning all around you and man some GUNS....time is running out! :eek:

BTW, your realistically vacant plan of swimming away to safety through floating burning oil fires is of very low probability!!! :eek:
 
Quote from IanMacQuaide:

RE: all of these economic plans and activities run by our Government...
A half decent Magician will be able to divert the attention of ..oh say about 85% of his audience from what his hands and props are REALLY doing.
In the back of what little mind I've got left, I keep thinking we're having our attentions diverted from something thats coming...
I can't see what the Magicians are hiding...but I can't shake this uneasy feeling that somethings coming and we can't see it.
Yet.
More...

DISCLAIMER: I am about to recommend a book. It is by a Christian and it appears that its intended audience is Christian or has some understanding of New Testament scripture. It is a VERY interesting book! It appears the book explains what you are looking for - what the "Magician's" hand is doing!

http://www.amazon.com/Apollyon-Risi...=sr_1_1?ie=UTF8&s=books&qid=1269792369&sr=8-1

-gastropod
 
I agree... I think prices will fall back to 96 levels.

Quote from Ghost of Cutten:

Yeah it's rampant stupidity. If the cost of groceries or cars or medical care went up, people would complain. But somehow the cost of accommodation rising is a good thing?

The solution to a housing bubble is for prices to collapse until they reach affordable levels that people on a normal income can pay without breaking the bank. Cheerleading higher prices is dumb. Taking taxpayer money to artificially prop up prices, thus making housing more unaffordable, is not only insane it's morally repugnant.
More...
 
Quote from Ghost of Cutten:

Yeah it's rampant stupidity. If the cost of groceries or cars or medical care went up, people would complain. But somehow the cost of accommodation rising is a good thing?

The solution to a housing bubble is for prices to collapse until they reach affordable levels that people on a normal income can pay without breaking the bank. Cheerleading higher prices is dumb. Taking taxpayer money to artificially prop up prices, thus making housing more unaffordable, is not only insane it's morally repugnant.
More...


The solution is for the housing bubble to collapse and let the market do its thing, due to the propping in housing it only has prevented the true market value of houses across the country. Housing is still very unaffordable. With so many losing their houses due to unemployment you would think they would let these millions of houses go into foreclosure and saturate the market pushing prices down another 25%, however they are just passing even more programs to keep those unemployed in place. They want to see housing prices stabilize so that the economy can find some traction, they want housing prices to rise so that people can start feeling wealthy again, to give them the psychological feeling that they are benefiting from the rise in prices of housing, this pushes the consumer to go out and spend. They want housing prices to rise so that they can start refinancing once again so they can throw the money back into the economy, they need momentum in housing to keep the economy on a roll. Propping it up like they are doing is not healthy, they may believe it is in the short term but if prices rebound back to 2007 levels in the next 2-3 years the next collapse will soon take place once again. The only way this economy works today is through the growing of asset bubbles, its the only way to create any growth in an economy that cant create growth organically and naturally.
 
Don't fool yourself into thinking that the government is trying to stabilize house prices for the people who own the houses. This is all about the banks - they still have too much house inventory. The purpose of the government's actions are to save the banks - they couldn't give a rat's ass about individual home owners.
 
and they are failing. There is no way to do it without doing the things that caused it to collapse. FNM wont be able to carry the load.
 
Quote from S2007S:

The solution is for the housing bubble to collapse and let the market do its thing, due to the propping in housing it only has prevented the true market value of houses across the country. Housing is still very unaffordable. With so many losing their houses due to unemployment you would think they would let these millions of houses go into foreclosure and saturate the market pushing prices down another 25%, however they are just passing even more programs to keep those unemployed in place. They want to see housing prices stabilize so that the economy can find some traction, they want housing prices to rise so that people can start feeling wealthy again, to give them the psychological feeling that they are benefiting from the rise in prices of housing, this pushes the consumer to go out and spend. They want housing prices to rise so that they can start refinancing once again so they can throw the money back into the economy, they need momentum in housing to keep the economy on a roll. Propping it up like they are doing is not healthy, they may believe it is in the short term but if prices rebound back to 2007 levels in the next 2-3 years the next collapse will soon take place once again. The only way this economy works today is through the growing of asset bubbles, its the only way to create any growth in an economy that cant create growth organically and naturally.
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You are right on the money, just like most everyone is saying here. I wish there was an evening TV program where educated people could honestly debate issues like this. There is such a lack of educated debate in the US. Too many hold the party line on every issue and every debate generates into political bullshit. (see James Carville....what a douche he is) I don't want to hear from politicians with an axe to grind. I just want smart people to debate
 
Quote from sprstpd:

Don't fool yourself into thinking that the government is trying to stabilize house prices for the people who own the houses. This is all about the banks - they still have too much house inventory. The purpose of the government's actions are to save the banks - they couldn't give a rat's ass about individual home owners.
More...

+1

Either way, the banks have to rubber stamp these foreclosures one way or another...sure, some places they can "postpone" or hold off on foreclosing in general...but they can't do it to everyone.

Beyond that, totally true on the last bit...nobody "cares" about the homeowner...even some of these so-called non-profits that "want to help" are either too overburdened or out-gunned to try to negotiate anything....
 
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