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More bad news

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Comments

  • GrundleStiltzkin
    GrundleStiltzkin Member Posts: 61,516 Standard Supporter
    Wow, Obama's really doing nothing about the population explosion, not to mention that carbon footprint. Terrible.
  • sarktastic
    sarktastic Member Posts: 9,208
    Interesting how you view this interpretation of a housing report as 'good news'.

    Telling, actually.
  • greenblood
    greenblood Member Posts: 14,566
    Supply and demand dipshit.

    We have a rising home market in large part because of the fear of rising insterest rates. People realize that they can buy now at 4.25% or wait a year and possibly have to pay 5.5%. Thus, there are currently more buyers in the market than available properties which prompts higher home prices. This leads to more home construction. Once the supply matches demand mid next year, you'll see a softening or pull back in the housing market. This push and pull motion is the normal fluctuation in the industry.
  • sarktastic
    sarktastic Member Posts: 9,208
    We have a rising market in large part from foreign all cash purchases, too.

    Fundamentals of typical first time and/or move up buyers absolutely suck.

    Supply will further tighten as the homeless Hondurans find assistance into waterfront 'quasi'-government owned homes.
  • 2001400ex
    2001400ex Member Posts: 29,457

    We have a rising market in large part from foreign all cash purchases, too.

    Fundamentals of typical first time and/or move up buyers absolutely suck.

    Supply will further tighten as the homeless Hondurans find assistance into waterfront 'quasi'-government owned homes.

    I heard that exact same thing from Rush this morning. Nice work.
  • sarktastic
    sarktastic Member Posts: 9,208
    The beauty of your schtick is that you can invent anything you want and call it truth... and still get paid.
  • dnc
    dnc Member Posts: 56,855
    2001400ex said:

    We have a rising market in large part from foreign all cash purchases, too.

    Fundamentals of typical first time and/or move up buyers absolutely suck.

    Supply will further tighten as the homeless Hondurans find assistance into waterfront 'quasi'-government owned homes.

    I heard that exact same thing from Rush this morning. Nice work.
    Rush > Styx