Comments on: Double dip economy – Housing entering troubling waters. Nationwide economic and housing data points to challenges ahead. 5 charts showing a difficult second half of 2010. http://www.doctorhousingbubble.com/second-half-2010-economy-double-dip-housing-deficit-employment-growth/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 03:22:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Obommanation http://www.doctorhousingbubble.com/second-half-2010-economy-double-dip-housing-deficit-employment-growth/#comment-50945 Obommanation Mon, 19 Jul 2010 01:54:48 +0000 http://www.doctorhousingbubble.com/?p=3411#comment-50945 I also was deluding myself that I could buy a rental property and make a profit BUT: All accounts are saying that the money is with the rich. Last year "the rest of us" lost 17% and the rich have gotten richer by 17% (Reuters). There is no way that there is a recovery happening, when the government is lying about welfare, unemployment and who knows what else and is encouraging the banks to hoard (Forbes). Maybe it could all turn around tomorrow, but I think the green shoots are just spent food stamps (which are being cut). There is no such thing as a jobless recovery, when the poor (disabled and elderly) have no way to survive and the middle class has been decimated. -And my precious, the most heavily taxed are the poor, definitely NOT the rich. Millions will die because of the "health" care bill. I also was deluding myself that I could buy a rental property and make a profit BUT:
All accounts are saying that the money is with the rich. Last year “the rest of us” lost 17% and the rich have gotten richer by 17% (Reuters). There is no way that there is a recovery happening, when the government is lying about welfare, unemployment and who knows what else and is encouraging the banks to hoard (Forbes).
Maybe it could all turn around tomorrow, but I think the green shoots are just spent food stamps (which are being cut). There is no such thing as a jobless recovery, when the poor (disabled and elderly) have no way to survive and the middle class has been decimated. -And my precious, the most heavily taxed are the poor, definitely NOT the rich. Millions will die because of the “health” care bill.

]]> By: Obommanation http://www.doctorhousingbubble.com/second-half-2010-economy-double-dip-housing-deficit-employment-growth/#comment-50944 Obommanation Mon, 19 Jul 2010 01:47:56 +0000 http://www.doctorhousingbubble.com/?p=3411#comment-50944 I also was deluding myself that I could buy a rental property and make a profit BUT: All accounts are saying that the money is with the rich. Last year "the rest of us" lost 17% and the rich have gotten richer by 17% (Reuters). There is no way that there is a recovery happening, when the government is lying about welfare, unemployment and who knows what else and is encouraging the banks to hoard (Forbes). Maybe it could all turn around tomorrow, but I think the green shoots are just spent food stamps (which are being cut). There is no such thing as a jobless recovery, when the poor (disabled and elderly) have no way to survive and the middle class has been decimated. -And my brainless, the most heavily taxed are the poor, definitely NOT the rich. Millions will die because of the "health" care bill. I also was deluding myself that I could buy a rental property and make a profit BUT:
All accounts are saying that the money is with the rich. Last year “the rest of us” lost 17% and the rich have gotten richer by 17% (Reuters). There is no way that there is a recovery happening, when the government is lying about welfare, unemployment and who knows what else and is encouraging the banks to hoard (Forbes).
Maybe it could all turn around tomorrow, but I think the green shoots are just spent food stamps (which are being cut). There is no such thing as a jobless recovery, when the poor (disabled and elderly) have no way to survive and the middle class has been decimated. -And my brainless, the most heavily taxed are the poor, definitely NOT the rich. Millions will die because of the “health” care bill.

]]> By: St Alphonso http://www.doctorhousingbubble.com/second-half-2010-economy-double-dip-housing-deficit-employment-growth/#comment-50526 St Alphonso Mon, 05 Jul 2010 20:02:37 +0000 http://www.doctorhousingbubble.com/?p=3411#comment-50526 @mar That good. No point in going down the river with the Jim Jones believers. No matter how many times they think it looks just like a Picasso, it's just a picture off some mom's refrigerator (even if it is stainless steel) @mar
That good. No point in going down the river with the Jim Jones believers. No matter how many times they think it looks just like a Picasso, it’s just a picture off some mom’s refrigerator (even if it is stainless steel)

]]> By: mar http://www.doctorhousingbubble.com/second-half-2010-economy-double-dip-housing-deficit-employment-growth/#comment-50487 mar Mon, 05 Jul 2010 01:00:12 +0000 http://www.doctorhousingbubble.com/?p=3411#comment-50487 Hi all, I am a single female living at home with the folks. I am what I would think to be a pretty level headed person. I already own a triplex which I bought before the market was hot and am now looking to jump into another good deal. But the more and more I look the more and more I notice people are smoking crack. All my coworkers are telling me what a great deal the tax credit is blah blah...I keep thinking in my head "stupidos your house can drop in a minute what that tax credit is worth" My real estate officer is definitely smoking some crack. Everytime she sends me more investment properties that I could possibly be interested in I just die laughing at the costs. The rents are going down, people are losing their jobs, interest rates are at a super low and ummm she is trying to convince me now is the hottest time to buy....thank you folks for showing me I am not the only American out there drinking too much koolaid! :) Hi all,

I am a single female living at home with the folks. I am what I would think to be a pretty level headed person. I already own a triplex which I bought before the market was hot and am now looking to jump into another good deal. But the more and more I look the more and more I notice people are smoking crack. All my coworkers are telling me what a great deal the tax credit is blah blah…I keep thinking in my head “stupidos your house can drop in a minute what that tax credit is worth” My real estate officer is definitely smoking some crack. Everytime she sends me more investment properties that I could possibly be interested in I just die laughing at the costs. The rents are going down, people are losing their jobs, interest rates are at a super low and ummm she is trying to convince me now is the hottest time to buy….thank you folks for showing me I am not the only American out there drinking too much koolaid!

:)

]]> By: Dark Ages http://www.doctorhousingbubble.com/second-half-2010-economy-double-dip-housing-deficit-employment-growth/#comment-50471 Dark Ages Sun, 04 Jul 2010 13:58:42 +0000 http://www.doctorhousingbubble.com/?p=3411#comment-50471 @Caboy I read about the Mayans and they follow the same formula for societal destruction: 1) Destruction of Habitat 2) Inability to endure climatic change, especially drought 3) War and conflict 4) Kings and nobels extracting too much from the peasants and building monuments to their greatness (Wall Street) 5) Failure to trade with others to develop survival synergies (we trade paper, they trade tangibles) I think in 2013 we'll be asking wondering what was all the fuss about 2012, just like Jan 1 2000, and 5/6/2005 (5/5/5 was another planetary alignment that destroyed the world with polar shift and such, except it didn't). Still, I believe we are enroute to a major global economic collapse, just no man knows the day and hour. We need positive feedback loops to build and preserve our hegemony, not just print money and occupy any nation that balks at our reserve status. All I ever hear about from our 'liberal' media is some psuedo-conservative appologizing for the sanctity of corporate greed and how much it benefits all of us. In engineering, control systems are designed for stability, and perpetual growth is not stability--it's unsustainable. That's why housing it tapped out now. Nothing can grow compounded indefinately into the future. We have the wrong economic model and housing is the king-pin to it all. @Caboy
I read about the Mayans and they follow the same formula for societal destruction:
1) Destruction of Habitat
2) Inability to endure climatic change, especially drought
3) War and conflict
4) Kings and nobels extracting too much from the peasants and building monuments to their greatness (Wall Street)
5) Failure to trade with others to develop survival synergies (we trade paper, they trade tangibles)

I think in 2013 we’ll be asking wondering what was all the fuss about 2012, just like Jan 1 2000, and 5/6/2005 (5/5/5 was another planetary alignment that destroyed the world with polar shift and such, except it didn’t). Still, I believe we are enroute to a major global economic collapse, just no man knows the day and hour.

We need positive feedback loops to build and preserve our hegemony, not just print money and occupy any nation that balks at our reserve status. All I ever hear about from our ‘liberal’ media is some psuedo-conservative appologizing for the sanctity of corporate greed and how much it benefits all of us.

In engineering, control systems are designed for stability, and perpetual growth is not stability–it’s unsustainable. That’s why housing it tapped out now. Nothing can grow compounded indefinately into the future. We have the wrong economic model and housing is the king-pin to it all.

]]>