Comments on: Home-Purchase Index Plunges

By: uclalien

uclalien — Sat, 14 Nov 2009 16:38:03 +0000

Free Market Extreemist Says:

“I know the fact that the government steps in when necessary, to prop up market failures caused by free market extreemism and deregulation – drives free market extreemists out of thier minds.”
——–
You should try picking up a history book for a change. The government has been “[stepping] in when necessary” to support home ownership and housing prices for the better part of a century. In recent decades, government has only increased its meddling. So I’m not sure where you are getting all this “free market,” “market failures,” and “deregulation” talk.

By: Free Market Extreemist

Free Market Extreemist — Sat, 14 Nov 2009 13:04:27 +0000

If stabilization comes only through government subsidies and artificially propped up home prices, is it truly stabilization?
————

During a period of > 10% unemployment yes – When that number approaches 7% and is falling again, the punch bowl & tax credit will be removed.

I know the fact that the government steps in when necessary, to prop up market failures caused by free market extreemism and deregulation – drives free market extreemists out of thier minds.

Sorry guys – this will be the new normal until the unemployment turnaround.

By: Continuing to lighten up - Steve Cook on Disciplined Investing - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors.

Fri, 13 Nov 2009 14:34:37 +0000

[...] This Week’s Data Weekly mortgage applications fell 11.7%. http://www.ritholtz.com/blog/2009/11/home-purchase-index-plunges/   Weekly jobless claims dropped 12,000 versus expectations of a 2,000 [...]

By: VennData

VennData — Fri, 13 Nov 2009 13:11:56 +0000

Builders Downsize the Dream Home

http://online.wsj.com/article/SB125807017854346243.html?mod=igoogle_wsj_gadgv1&

By: VennData

VennData — Fri, 13 Nov 2009 12:44:00 +0000

…growth indeed. George Bush was right: there’s a war going on, get out there and shop.

By: danm

danm — Fri, 13 Nov 2009 12:32:02 +0000

If stabilization comes only through government subsidies and artificially propped up home prices, is it truly stabilization?
————
Of course. The USSR stabilized its economy for longer than an individual could stay solvent but then the wall suddenly came down.

The question is not about the stability, it’s about future growth. Our system is priced for growth, and if there is no growth, watch out.

By: Bruce in Tn

Bruce in Tn — Fri, 13 Nov 2009 12:31:02 +0000

The Boston Globe thinks that perhaps if you worked in government you might be better able to afford a house:

http://www.boston.com/yourtown/melrose/news/top_100_melrose_city_salaries/

…and of course, pensions……

By: Mark E Hoffer

Mark E Hoffer — Fri, 13 Nov 2009 12:16:07 +0000

these types of surprises, along with a U$D, might pay the sales tax on your AM ration of SBUX..

http://www.earthodyssey.com/sales_tax.html#pullingTool1
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=cost+of+starbucks+coffee

for the less mathematically gifted, among us, 0+1=1

By: Bruce in Tn

Bruce in Tn — Fri, 13 Nov 2009 12:11:48 +0000

http://www.cnbc.com/id/33905331

Weak Dollar Adding $20 to Oil: Exxon CEO

…If we, of the sheeple persuasion looked at this, we’d see where property taxes, income taxes, oil, commodities, and wages are heading. It might be a good time to step back from the government-led attack on empty houses and let them sit for awhile…

…just a thought.

B in T

By: mathman

mathman — Fri, 13 Nov 2009 11:29:12 +0000

Winter is their “slow” season, typically.