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Why the U.S. Housing Market Recovery Will Falter This Year


               
2014 Mar 4, 11:26pm   2,636 views  14 comments

by Bubbabeefcake   follow (1)  

http://advisorperspectives.com/dshort/guest/Michael-Lombardi-140305-Housing-Market.php

The chart below is of the S&P Case-Shiller Home Price Index, an index that tracks home prices in the U.S. housing market. As the chart shows, from their peak in 2007 to their low in late 2011, U.S. homes prices fell by about 30%. Since then, prices in the housing market have improved, but they are still down about 20% compared to 2007. Basically, home prices have recouped only one-third of their losses from the 2007 real estate crash. Yes, the U.S. housing market has regained some lost ground, but it's far from being back to where it was in...

#housing

Comments 1 - 14 of 14        Search these comments

1   hrhjuliet   2014 Mar 5, 5:48am  

Naturally, homes simply are not high enough. Every home regardless of condition or size should start at 1,000,000 to push out the Riff Raff. Make that 2,000,000, we can never be too sure. We should make crime ridden areas full of urban sprawl the highest, just for fun.

2   Zakrajshek   2014 Mar 6, 11:55pm  

Elite human beings created the current money system model in order to coax, pressure, and trick people to work, work, work as much as they possibly will, so that the elites (mainly Wall street and the government) can skim their living from the workers without doing any real work themselves. High and rising house prices is one way the elites can skim more cash for doing no work (they really love this), and at the same time the high prices pressure people to work more and harder (they love this too) as they attempt to afford the high priced housing: husband and wife both hold down full time jobs, and or multiple jobs, overtime, work related travel, odd shifts, etc. Their greatest dream is to get as many people as possible working as hard as possible, so they can skim as much cash as possible from the workers efforts, while producing nothing themselves. That's why the government and wall street love high house prices.

3   hrhjuliet   2014 Mar 7, 9:07am  

Zakrajshek says

Elite human beings created the current money system model in order to coax, pressure, and trick people to work, work, work as much as they possibly will, so that the elites (mainly Wall street and the government) can skim their living from the workers without doing any real work themselves. High and rising house prices is one way the elites can skim more cash for doing no work (they really love this), and at the same time the high prices pressure people to work more and harder (they love this too) as they attempt to afford the high priced housing: husband and wife both hold down full time jobs, and or multiple jobs, overtime, work related travel, odd shifts, etc. Their greatest dream is to get as many people as possible working as hard as possible, so they can skim as much cash as possible from the workers efforts, while producing nothing themselves. That's why the government and wall street love high house prices.

So, how do we fight back? Any practical ideas out in Patrick Land?

4   Zakrajshek   2014 Mar 7, 9:23am  

Well they tried the occupy wall street protests which addressed some of this. A good start. But of course they used pepper spray, riot gear, tear gas, and some say fbi intimidation to discourage and dispurse the protesters. A new leader who is honest, uncorrupted, and a party outsider could change things I think: a Teddy Roosevelt type who broke up the big monopolies a 100 years ago would be good. Someone who would tell the people the hard facts about what has happened to the USA, and then stop the entrenched corruption, and bring back the financial rules of the 1970s that worked better for the common person. One guy I like who has many good ideas on this is Gerald Celente who runs the Trends Journal. He has many videos on Youtube.

5   New Renter   2014 Mar 7, 9:54am  

Zakrajshek says

Well they tried the occupy wall street protests which addressed some of this. A good start. But of course they used pepper spray, riot gear, tear gas, and some say fbi intimidation to discourage and dispurse the protesters. A new leader who is honest, uncorrupted, and a party outsider could change things I think: a Teddy Roosevelt type who broke up the big monopolies a 100 years ago would be good. Someone who would tell the people the hard facts about what has happened to the USA, and then stop the entrenched corruption, and bring back the financial rules of the 1970s that worked better for the common person. One guy I like who has many good ideas on this is Gerald Celente who runs the Trends Journal. He has many videos on Youtube.

The real question is how to do so without getting killed - politically OR physically.

6   hrhjuliet   2014 Mar 7, 1:54pm  

Zakrajshek says

Well they tried the occupy wall street protests which addressed some of this. A good start. But of course they used pepper spray, riot gear, tear gas, and some say fbi intimidation to discourage and dispurse the protesters. A new leader who is honest, uncorrupted, and a party outsider could change things I think: a Teddy Roosevelt type who broke up the big monopolies a 100 years ago would be good. Someone who would tell the people the hard facts about what has happened to the USA, and then stop the entrenched corruption, and bring back the financial rules of the 1970s that worked better for the common person. One guy I like who has many good ideas on this is Gerald Celente who runs the Trends Journal. He has many videos on Youtube.

Great suggestions. So some weird hybrid of Ron Paul, Ralph Nader and the Dali lama. Okay, where do we find this person?

7   mmmarvel   2014 Mar 7, 11:16pm  

hrhjuliet says

Naturally, homes simply are not high enough. Every home regardless of condition or size should start at 1,000,000 to push out the Riff Raff. Make that 2,000,000, we can never be too sure. We should make crime ridden areas full of urban sprawl the highest, just for fun.

There are other parts to this county than just CA. Some parts actually HAVE reasonable housing.

8   mmmarvel   2014 Mar 7, 11:19pm  

Zakrajshek says

Well they tried the occupy wall street protests which addressed some of this. A good start.

Actually, it was a horrible way to do things. The VAST majority turned out to be the scum sucking, unwashed, free-loaders that the majority of Americans couldn't relate to. For about the first week, it almost made sense, then it went like most things that have nothing but anarchy as the 'law' of the land/movement.

10   Bubbabeefcake   2014 Mar 8, 4:34pm  

Other than the detraction and calumny from another source !

The motivation of posting on this thread to inform others of the calamity that lies ahead

Without Them, The Housing Recovery Remains A Sham...

11   RentingForHalfTheCost   2014 Mar 9, 4:34am  

hrhjuliet says

So, how do we fight back? Any practical ideas out in Patrick Land?

Stop the free hand jobs that the tenants give to the slumlords in Concord. That will then force us to get back to cash for renting. People don't have cash, just free hands.

12   RentingForHalfTheCost   2014 Mar 9, 4:36am  

Bubbabear says

If you don't have all cash then game is over. You could have employed 5000 kids to make sneakers in Chinatown and then you would be in this market. Just saying...

13   hrhjuliet   2014 Mar 9, 5:51am  

RentingForHalfTheCost says

Bubbabear says

If you don't have all cash then game is over. You could have employed 5000 kids to make sneakers in Chinatown and then you would be in this market. Just saying...

Yeah, these "hard working" elite are certainly job makers alright. Serf and slave makers is more like it, but we don't do anything to stop it. The current elite have the exact same mentality as plantation slave owners, EXACTLY the same, but they often think they are different. No, they use the same validations and the same mind set. Same story, different setting. I often wonder what roles people would have in the Civil War of America or Nazi Germany. Most imagine themselves heroes, but in reality their mentality and choices would have more likely put them in the role of the villain or the lazy self entitled citizen that lets it happen, or worse makes it easier and more profitable.

14   fedwatcher   2014 Mar 9, 1:01pm  

Home prices do not have to rise in REAL terms to make owners feel good, only in NOMINAL terms.

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