you know that and I understand that, but I don't think anyone told the public they would pay for making unrealistic comps in the neighborhood that lower everyones values and keep the cycle going
I know little about the stock market, but real estate is in real trouble. Bought 9 houses so far; here the sick part, bid on a house for 60k the bank said no, needed 77k. House went to auction and I bought it for 24k; was told the tarp funds kick in the other 53k to make the bank whole. If they took my offer at 60k, they would realize a 17k loss, so by selling at auction they lost nothing, who do you think will pay the 53k loss…..
The market is heavily manipulated Newbear, that the real world just doesn't matter. They simply don't care about how many people are hurting right now.
They only care about stealing the little guys money… and the only way to do that is to rally up when everyone is still bearish. Distract them on the media, with bearish news while they secretly are buying at the bottom.
it is sickening…and why I am a bear…programs this stupid can't end well
Truly sickening. 🙁 But congratulations on your nice inexpensive houses!
you know that and I understand that, but I don't think anyone told the public they would pay for making unrealistic comps in the neighborhood that lower everyones values and keep the cycle going
Interesting…
Of course the taxpayers will pay the difference.
I know little about the stock market, but real estate is in real trouble. Bought 9 houses so far; here the sick part, bid on a house for 60k the bank said no, needed 77k. House went to auction and I bought it for 24k; was told the tarp funds kick in the other 53k to make the bank whole. If they took my offer at 60k, they would realize a 17k loss, so by selling at auction they lost nothing, who do you think will pay the 53k loss…..
Rinse and repeat.
The market is heavily manipulated Newbear, that the real world just doesn't matter. They simply don't care about how many people are hurting right now.
They only care about stealing the little guys money… and the only way to do that is to rally up when everyone is still bearish. Distract them on the media, with bearish news while they secretly are buying at the bottom.
Red, I've been in so many big office buildings where entire floors are empty. It's even kind of eerie. Rally on.
I think another Million people lost their jobs, so of course the market rallied as the companies get to lower their employer costs. LOL!
Thanks, and yes… I agree with you. It's looking more and more like the bear case is over for awhile. (YGM back).