Comments on: The Paradox of Spendthrifts – Government Offering 0 Percent on I Savings Bonds and Creating Incentives to Spend. Punishing the Prudent and Savers. $115 Trillion in total U.S. Debt. http://www.doctorhousingbubble.com/the-paradox-of-spendthrifts-government-offering-0-percent-on-i-savings-bonds-and-creating-incentives-to-spend-punishing-the-prudent-and-savers-115-trillion-in-total-us-debt/ How I Learned to Love Southern California and Forget the Housing Bubble Wed, 10 Mar 2010 15:32:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mille http://www.doctorhousingbubble.com/the-paradox-of-spendthrifts-government-offering-0-percent-on-i-savings-bonds-and-creating-incentives-to-spend-punishing-the-prudent-and-savers-115-trillion-in-total-us-debt/comment-page-1/#comment-36977 Mille Wed, 10 Jun 2009 17:15:57 +0000 http://www.doctorhousingbubble.com/?p=1769#comment-36977 Dr. Housing Bubble: Are you dead? Have the jack-booted government thugs thrown you in jail? Where are you? I've become addicted and need a fix! Dr. Housing Bubble:

Are you dead? Have the jack-booted government thugs thrown you in jail? Where are you? I’ve become addicted and need a fix!

]]> By: Latesummer2009 http://www.doctorhousingbubble.com/the-paradox-of-spendthrifts-government-offering-0-percent-on-i-savings-bonds-and-creating-incentives-to-spend-punishing-the-prudent-and-savers-115-trillion-in-total-us-debt/comment-page-1/#comment-36101 Latesummer2009 Sun, 10 May 2009 03:47:39 +0000 http://www.doctorhousingbubble.com/?p=1769#comment-36101 Dr HB, Kudos again for summarizing the shape we're in. It's amazing how business forces (Media, govt, banks) are tying their best to skew the data. A cold hard look at the facts though, dispells such a notion. All that's happening is, taxpayers bailing out the banks for inexcusable behavior. It's the same as enabling a bad child after they have done something wrong. But, perhaps your child is so rotten, you don't feel as if you have much choice. Our economy is built on bubbles, and those in charge are fighting against any real change. Lately, there's been a small ground swell that economy and housing are reaching bottom, because things aren't as bad. People forget these are consecutive numbers and not measured year over year. It's like digging a deep hole deeper, just not as quickly. I guess losing just over 1/2 million jobs last month is a good thing. In regards to housing, the seasonal month to month numbers are being touted as good news. What about record foreclosures? And the denial that toxic ALt-A and Option ARMs aren't in their neighborhood. The next blows to housing will be if the Banks release their REOs and the commercial real estate market comes to a screeching halt. Here on the Westside of LA many are still delusional after recent 25% declines. We have yet to go through a 2nd summer selling season after the latest credit freeze. The pool of "qualified" buyers are getting smaller and smaller for still over-inflated Westside prices. I believe this summer tilts in favor of buyers, as sellers run out of time. Even the Uber-rich are feeling it now. A $17,000,000 property just sold for a measly $11,000,000. 35% discount before it drops another 15%... www.westsideremeltdown.blogspot.com Dr HB, Kudos again for summarizing the shape we’re in. It’s amazing how business forces (Media, govt, banks) are tying their best to skew the data. A cold hard look at the facts though, dispells such a notion. All that’s happening is, taxpayers bailing out the banks for inexcusable behavior. It’s the same as enabling a bad child after they have done something wrong. But, perhaps your child is so rotten, you don’t feel as if you have much choice. Our economy is built on bubbles, and those in charge are fighting against any real change.

Lately, there’s been a small ground swell that economy and housing are reaching bottom, because things aren’t as bad. People forget these are consecutive numbers and not measured year over year. It’s like digging a deep hole deeper, just not as quickly. I guess losing just over 1/2 million jobs last month is a good thing. In regards to housing, the seasonal month to month numbers are being touted as good news. What about record foreclosures? And the denial that toxic ALt-A and Option ARMs aren’t in their neighborhood. The next blows to housing will be if the Banks release their REOs and the commercial real estate market comes to a screeching halt.

Here on the Westside of LA many are still delusional after recent 25% declines. We have yet to go through a 2nd summer selling season after the latest credit freeze. The pool of “qualified” buyers are getting smaller and smaller for still over-inflated Westside prices. I believe this summer tilts in favor of buyers, as sellers run out of time.

Even the Uber-rich are feeling it now. A $17,000,000 property just sold for a measly $11,000,000. 35% discount before it drops another 15%…

http://www.westsideremeltdown.blogspot.com

]]> By: jb http://www.doctorhousingbubble.com/the-paradox-of-spendthrifts-government-offering-0-percent-on-i-savings-bonds-and-creating-incentives-to-spend-punishing-the-prudent-and-savers-115-trillion-in-total-us-debt/comment-page-1/#comment-36041 jb Wed, 06 May 2009 18:32:38 +0000 http://www.doctorhousingbubble.com/?p=1769#comment-36041 Rob-- No, it's worse. Rob–
No, it’s worse.

]]> By: ozamerican http://www.doctorhousingbubble.com/the-paradox-of-spendthrifts-government-offering-0-percent-on-i-savings-bonds-and-creating-incentives-to-spend-punishing-the-prudent-and-savers-115-trillion-in-total-us-debt/comment-page-1/#comment-36039 ozamerican Wed, 06 May 2009 16:12:22 +0000 http://www.doctorhousingbubble.com/?p=1769#comment-36039 Excuse me... but what happens to INFLATION adjusted bonds when we go into a DEFLATION? Zero percent seems pretty generous! Excuse me… but what happens to INFLATION adjusted bonds when we go into a DEFLATION?

Zero percent seems pretty generous!

]]> By: Kathryn http://www.doctorhousingbubble.com/the-paradox-of-spendthrifts-government-offering-0-percent-on-i-savings-bonds-and-creating-incentives-to-spend-punishing-the-prudent-and-savers-115-trillion-in-total-us-debt/comment-page-1/#comment-36037 Kathryn Wed, 06 May 2009 12:56:21 +0000 http://www.doctorhousingbubble.com/?p=1769#comment-36037 I disagree with the conclusion, that we should be saving $$. We should be putting spare cash into anything but cash-like vehicles. With all that debt, the dollar is doomed. It's only a matter of time before inflation hits us hard. Buy durable items now. You'll think you're a genius later. I disagree with the conclusion, that we should be saving $$. We should be putting spare cash into anything but cash-like vehicles. With all that debt, the dollar is doomed. It’s only a matter of time before inflation hits us hard. Buy durable items now. You’ll think you’re a genius later.

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