Don’t Believe The Housing Data

[MarketNeutral]

http://www.youtube.com/watch?v=oi7js-d0OXk&feature=player_embedded

[Ponce]

Don't worry..........I don't.........all that you have to do is to count the families living in cars.

[MarketNeutral]

Don't worry..........I don't.........all that you have to do is to count the families living in cars.


Cars are counted as mobile homes now.

[Gknowmx]

Great, next thing you know, states will be asking gas stations to collect "homeowners" taxes at the pump... ;D

[Ponce]

I am afraid that both of you are right........... >:(

[aybesee123]

If house prices recover this time next year it will be because of inflation and will be in nominal terms only. Weighted against other staple commodities prices will still be declining. Any job growth is due to diluted money, not earned.

[mick silver]

i see higher rates coming to help sell the bonds to run the gov ... then this will kill the housing market ... well what left anyways

[Spectrism]

The bonds will be artificially floated as unknown buyers step in to take up excess debt. The federal reserve will do their part and hide the purchases- never admitting they fabricated the money to take on the debt. This breaking of the rules is their only hope for inflation.... and keeping the system running without default. The dollar will become worth-less than 50% of current value by 3d quarter 2011. Just my guess... of course.