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Housing Recovery Is A Sham


               
2013 Jun 3, 4:11am   2,257 views  5 comments

by Bubbabeefcake   follow (1)  

http://m.yahoo.com/w/legobpengine/finance/blogs/daily-ticker/housing-recovery-sham-says-guardian-heidi-moore-131443918.html?.intl=us&.lang=en-us&=vp1

Moore says banks and investors are propping up the recovery, not real buyers. Banks now own a large percentage of available homes for sale because of foreclosures and are controlling the supply to artificially increase prices, she argues.

#housing

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1   zzyzzx   2013 Jun 3, 4:14am  

Obligatory:

2   zzyzzx   2013 Jun 3, 4:18am  

This link works better, since you can read all the comments and it doesn't reformat the article:
http://finance.yahoo.com/blogs/daily-ticker/housing-recovery-sham-says-guardian-heidi-moore-131443918.html?=vp1

3   hrhjuliet   2013 Jun 3, 6:55am  

Being a teacher, my first instinct is to send you two boys to the "Peace Corner" until you learn how to speak respectfully to one another. We don't allow the kids to leave the corner until they have decided to speak to one another with the Golden Rule in mind.

Robert is one of the Big Boys they are referring to in the article. He is proud of his accomplishments, and it would seem money and ownership has fulfilled his life. There are a lot of Big Boys in our time: Monsanto, Chevron, Phillip Morris, etc. They have found all they need in their short life on this planet before they are dust alongside the rest of us poor "losers." How can I begrudge my fellow man true happiness, at whatever cost it is to the rest of the human family?

Bubbabear, I appreciate your insights, and the articles you are finding and posting for us. I have said this before, but Patrick.net saved me from debt slavery by posting articles like yours back before the bubble, when NO ONE dared to post anything against the numbers. We almost bought back in 2005 with the rest of my friends who lost everything. Information is power. I hear plenty in the media from the pro real estate angle, but it's hard to find the other numbers. It's frustrating to search and search, only to find numbers by the NAR. How can I trust the National Realtors Association's numbers? Am I to assume they don't have an angle, when their motivation is obvious to anyone with common sense? Thank you for spending the time to dig up a second voice.

4   hrhjuliet   2013 Jun 3, 7:35am  

My goodness Robert, do you really think that having more information brings someone's "thinking skills" into question? Gracious Robert, have you ever considered anger management classes, or meditation? Your communication skills may someday harm your personal life if not remedied.

5   tduck   2014 Apr 30, 4:05am  

I've been trying to buy for years only to find out Banks Don't Want me to Buy. Only Investors are welcome. I came with CA$h, Didn't Matter, they don't WANT to sell to an Owner, only to investors with dreams of Flipping.
I've watched properties deteriorate rather than be sold by the Banks meanwhile I get ".3 %" interest on my savings in the bank (The banks we bailed out) and they Don't Want to Release ANY homes. They have my Cash, My Interest payments AND get Federal Bailouts to Maintain 'Status Quo" .I Find it Hard to Believe the Government is "Acting In The Best Interests Of Americans" They want my money, property, guns, (BBguns Too-I chit U knot). Coming Soon: Human Organs???

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