schmitz_kris's threads
New Home Sales - from pathetic to EVEN WORSE
by
schmitz_kris
on 23 Mar 2011
28 comments, latest
11 years ago
http://news.yahoo.com/s/ap/us_ Now things are getting just plain SAD. Try to keep up now, folks. From the latest reports we know: Median price for existing/used houses is now at April ...
It's official: US poverty rate UP; incomes DOWN
by
schmitz_kris
on 13 Sep 2011
34 comments, latest
13 years ago
http://www.usatoday.com/news/n Yuck. Bulls, please extrapolate how this reality is conducive to the housing market coming back to life. I'd love to hear the logic. #housing
No more bullpoo and lies - San Fran. house prices DOWN SIGNIFICANTLY
by
schmitz_kris
on 18 Aug 2011
8 comments, latest
13 years ago
http://www.sfgate.com/cgi-bin/ It's the first link in today's news (over on the right here at patrick.net).
GreatEST Depression now accelerating
by
schmitz_kris
on 8 Jul 2011
2 comments, latest
13 years ago
http://sgtreport.com/2011/07/u This morning's non-farm payrolls (jobs) report was shockingly pathetic.
SoCal RE in the dumps
by
schmitz_kris
on 15 Jun 2011
1 comment, latest
13 years ago
http://www.doctorhousingbubble It's just losses, losses and more losses, in sales, in prices, in everything. All so obviously predictable, of course. #housing
Official - the lowest of the lows has now been breached
by
schmitz_kris
on 31 May 2011
125 comments, latest
13 years ago
KA-BOOM! Brand new lows hit in RE today per CS. The situation is as predicted by all save for the least sophisticated (brain-dead?) among us. Lower lows and lower ...
I thought you needed AT LEAST 3.5% down these days!
by
schmitz_kris
on 10 May 2011
3 comments, latest
13 years ago
I obviously thought wrong! I just got finished looking throug a real estate magazine for my exurb to check the current status of the carnage - it's obviously bad, ...
62K new jobs created!
by
schmitz_kris
on 28 Apr 2011
9 comments, latest
13 years ago
http://www.zerohedge.com/artic Only about 6% of all the folks who applied for a job at McDon's got accepted. Wow.
Real wages DECLINE 1% in March
by
schmitz_kris
on 26 Apr 2011
17 comments, latest
13 years ago
http://www.wealthwire.com/news It's actually far more severe as inflation in this article is ridiculously understated. Housing in the aggregate is purchased with real wages (what is left after buying life's ...
US stock market is performing HORRIBLY; only a tiny gain
by
schmitz_kris
on 27 Apr 2011
1 comment, latest
13 years ago
http://www.zerohedge.com/artic The stock market went up in Zimbabwe too. #investing
Deutsche Bank predicting 40% DROP in NY RE prices
by
schmitz_kris
on 26 Apr 2011
6 comments, latest
13 years ago
http://www.zerohedge.com/conte Oh boy. #housing
China proposes to cut 2/3rds of its USD holdings
by
schmitz_kris
on 24 Apr 2011
2 comments, latest
13 years ago
http://www.zerohedge.com/artic Wow. This is quite the talk, but will they actually (gulp) walk the walk?
Massive food price increases have arrived
by
schmitz_kris
on 23 Apr 2011
3 comments, latest
13 years ago
http://www.shtfplan.com/headli Wow - check out the graph a little bit down the page.
Lovely news - if you're short housng
by
schmitz_kris
on 21 Mar 2011
32 comments, latest
13 years ago
http://news.yahoo.com/s/nm/201 Back at April 2002 (just hanging on) levels - 9 YEAR LOWS! Existing home sales COMPLETELY AND ABSOLUTELY TANK. The results are far worse than any of the ...
Lovely news - if you're short housing
by
schmitz_kris
on 21 Mar 2011
2 comments, latest
13 years ago
http://news.yahoo.com/s/nm/201 Back at April 2002 (just hanging on) levels - 9 YEAR LOWS! Existing home sales COMPLETELY AND ABSOLUTELY TANK. The results are far worse than any of the ...
Latest CS data: Prices DECLINE 4.1%, RIGHT NEAR 2009 LOWS
by
schmitz_kris
on 23 Feb 2011
12 comments, latest
13 years ago
http://finance.yahoo.com/news/ I am reminded of the lyrics of the enlightened Jay Sean: "down, down, down, down, down, down..." The bust continues. Make popcorn.
New nominal lows ARE HERE! 2009 knifecatcher profiled in this piece
by
schmitz_kris
on 22 Feb 2011
20 comments, latest
13 years ago
http://finance.yahoo.com/news/ Prices plummet in nearly every major metro - 2009 knifecatcher profiled at the end of the piece. How expected. If you think RE price movement is bad nominally, ...
New nominal lows ARE HERE! Knifecatchers profiled in this piece
by
schmitz_kris
on 22 Feb 2011
Posted 13 years ago
http://finance.yahoo.com/news/ Prices plummet in nearly every major metro - 2009 knifecatcher profiled at the end of the piece. How expected. If you think RE price movement is bad nominally, ...
Zillow sees no bottom until mid 2011
by
schmitz_kris
on 16 Nov 2010
32 comments, latest
13 years ago
if at all. http://www.bloomberg.com/video They caution that the percentage of underwater homeowners just hit a new record and could weigh heavily on that estimation.
If this isn't scary, what is?
by
schmitz_kris
on 30 Oct 2010
5 comments, latest
14 years ago
Some numbers for you this morning. Keep in mind I'm near Minneapolis, an area that has fared far better than most during this downturn with regards to employment, foreclosures, ...
Buffett: "We're still in a recession."
by
schmitz_kris
on 25 Sep 2010
37 comments, latest
14 years ago
http://www.cnbc.com/id/3932099
New home sales second worst on record
by
schmitz_kris
on 24 Sep 2010
5 comments, latest
14 years ago
http://finance.yahoo.com/news/ No surprises there. The development next door is having a sale: WAS 399K NOW 339K WAS 239K NOW 199K and on and on and on. Living in the ...
GreatEST Depression coming
by
schmitz_kris
on 20 Aug 2010
12 comments, latest
14 years ago
http://finance.yahoo.com/tech- Good commentary on the use of the word "unexpected(ly)" by economist. Have you noticed that 100% of the economists are frequently incorrect with regards to the economic data ...
Latest, brand new foreclosure stats - dark and gloomy
by
schmitz_kris
on 29 Aug 2010
Posted 14 years ago
http://www.cnbc.com/id/3886615 Last month (July) foreclosure starts increased 24.5% month-over-month. Wow. Cure rate for losers also fell by said percentage. Double wow. Don't you wish they would just TEAR the ...
EXISTING HOME SALES - EPIC FAIL!
by
schmitz_kris
on 24 Aug 2010
60 comments, latest
14 years ago
http://finance.yahoo.com/news/ Down 27.2% from June to the lowest since 1995. This is starting to get uglier than a Hollywood actress without her make-up. http://www.youtube.com/watch?v
Things getting ugly fast
by
schmitz_kris
on 19 Aug 2010
31 comments, latest
14 years ago
Economic stats coming in are very ugly and much worse than anticipated. Is there anyone here (a housing bull, for example) that still wishes to argue that the economy ...
Not a single new 750K house sold in July
by
schmitz_kris
on 26 Aug 2010
1 comment, latest
14 years ago
in the ENTIRE nation. Not a single dang one, across the entire country of the USA. Are you getting this, folks? Sooner or later even the most clueless will ...
Economy in DEPRESSION, not recession
by
schmitz_kris
on 24 Aug 2010
4 comments, latest
14 years ago
http://www.cnbc.com/id/3883155 Well, DUH. I was getting so sick and tired of low-IQ rubes running around talking about this ridiculous notion of a "recovery."
The Fed is your doctor
by
schmitz_kris
on 10 Aug 2010
9 comments, latest
14 years ago
Whereas you were told a while back that you were growing healthier each day and would soon no longer need the pharmaceuticals you had been taking, all of a ...
Labor data coming out is UGLIER than
by
schmitz_kris
on 12 Aug 2010
2 comments, latest
14 years ago
hollywood stars without their makeup. See here: http://www.bloomberg.com/news/
Again, CNBC reports AFTER the fact
by
schmitz_kris
on 11 Aug 2010
Posted 14 years ago
Seems some of the bobo heads are finally getting a clue: http://finance.yahoo.com/news/ Backfire. Boom. Speaking of backfire, It's 95 and super humid in Minneapolis today, and I just came ...
CS index hogwash: San Fran prices DECLINING
by
schmitz_kris
on 8 Aug 2010
13 comments, latest
14 years ago
http://www.sfgate.com/cgi-bin/ First post today (Monday, Aug. 9) at patrick.net Morgan Stanley (and a more honest interpretation of the facts and figures) fly in the face of the CS index. ...
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