The Down Range Forum
Member Section => Politics & RKBA => Topic started by: tombogan03884 on January 25, 2010, 11:33:09 AM
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Are these 2 headlines contradictory ? I am posting them in the same order they appeared in Yahoo news
http://news.yahoo.com/s/ap/20100125/ap_on_bi_ge/us_nabe_survey
Economic survey: Slow recovery continues
http://news.yahoo.com/s/ap/20100125/ap_on_bi_ge/us_home_sales
December home sales down nearly 17 percent
Doesn't sound like recovery to me.
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In the words of George Orwell..."DoubleSpeak"
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How to tell if he is lying. His lips are moving, must be lying.
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I program for 1st time buyers expired in early december, I think it was.
Nov. home sales were inflated with folks jumping to take advantage of the deal, so Dec. sales took a relative drop...have no idea how they looked compared to Oct. sales.
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I program for 1st time buyers expired in early december, I think it was.
Nov. home sales were inflated with folks jumping to take advantage of the deal, so Dec. sales took a relative drop...have no idea how they looked compared to Oct. sales.
The program was extended another six months. However, buyers are having a hard time making the purchases with sellers and agents jacking up the prices to use up the benefit >:(
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Plus with the banks, now being "charged a fee" whether they received bailout money or not, and the FDIC premiums banks pay for the gov't to insure deposits of less than $250,000, they have gone up.
Lending is still tight. and I find it funny, as Limbaugh always reads the Jobs reports, and unemployment figures from the MSM and they are always "unexpected".. Job losses "unexpectedly" rose during December.
CNN did a recent story along the same lines. Unemployment is up BUT at least it's not up as much,...... ???
How are those "shovel ready jobs" doing???? How's the border wall coming along, bridges, highways, infrastructure,.....etc,......
It's all a scam...
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The program was extended another six months. However, buyers are having a hard time making the purchases with sellers and agents jacking up the prices to use up the benefit >:(
Very true here. The local company in our development has sold three ground-up (nothing but a lot to finished home) in the last half of last year, after the program went into effect. They then took the model home off the market at $129,000, using another spec house as the model. They finished the lower level (roughly an $1800 list upgrade), put in central heat and a/c (it had baseboards, the furnace & a/c list is about a $6500 upgrade). A few other odds and ends - cleaning, patching, painting, etc, nothing major. It is now on the market at $157,000. Nope, no gouging there!
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Very true here. The local company in our development has sold three ground-up (nothing but a lot to finished home) in the last half of last year, after the program went into effect. They then took the model home off the market at $129,000, using another spec house as the model. They finished the lower level (roughly an $1800 list upgrade), put in central heat and a/c (it had baseboards, the furnace & a/c list is about a $6500 upgrade). A few other odds and ends - cleaning, patching, painting, etc, nothing major. It is now on the market at $157,000. Nope, no gouging there!
Depends on the geography, Florida home prices have been dropping, last year for me was about 18%. Houses that were $300,000 are now available for $225,000- $275,000 ish.....
For sure, here anyway, not a sellers market.
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Depends on the geography, Florida home prices have been dropping, last year for me was about 18%. Houses that were $300,000 are now available for $225,000- $275,000 ish.....
Yes, but the Fla home prices were artificially inflated - at least here in Brevard County. I could buy a home anywhere else in Fla cheaper than Brevard for the same house. Now the prices have dropped to a reasonable level & with the Cape going under by April, they will drop big again! Not to mention the economy thanks to BHo!!!
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They were artificially inflated for sure, the "correction" was just a matter of time.... the ensuing foreclosures also dragged the prices all down..
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Are these 2 headlines contradictory ? I am posting them in the same order they appeared in Yahoo news
http://news.yahoo.com/s/ap/20100125/ap_on_bi_ge/us_nabe_survey
Economic survey: Slow recovery continues
http://news.yahoo.com/s/ap/20100125/ap_on_bi_ge/us_home_sales
December home sales down nearly 17 percent
Doesn't sound like recovery to me.
It is part of the "narrative" that MB had in his blog the other day. The media is beating the drum and trying to sell us the idea that the economy is growing. Home sales being down feeds the narrative that home buyers need additional help (our money) to buy homes.
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I program for 1st time buyers expired in early december, I think it was.
Nov. home sales were inflated with folks jumping to take advantage of the deal, so Dec. sales took a relative drop...have no idea how they looked compared to Oct. sales.
While that's true, there is now in effect a program for ANYONE who buys a home. Doesn't have to be a FTB to qualify, so that pretty much offsets what you're talking about.