Comments on: It’s Time For The Second Part Of The W In The Housing Recession http://housingdoom.com/2009/11/25/its-time-for-the-second-part-of-the-w-in-the-housing-recession/ "He who defends everything defends nothing." - Frederick the Great Fri, 19 Mar 2010 07:04:43 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: stuffingmonkey http://housingdoom.com/2009/11/25/its-time-for-the-second-part-of-the-w-in-the-housing-recession/comment-page-1/#comment-21271 stuffingmonkey Thu, 26 Nov 2009 02:36:56 +0000 http://housingdoom.com/?p=5479#comment-21271 Good point, Malthus. They had to pump trillions of printed dollars into the economy to finally generate what should be our typical GDP growth. Maybe I'm the only one who finds it funny, but I think I've seen one finance article that actually said last quarter's 3.5% GDP growth (revised down since then) was annualized. Like if they don't include that, everyone will assume it's just for that quarter and 14% annualized--just like that we're booming again. Good point, Malthus. They had to pump trillions of printed dollars into the economy to finally generate what should be our typical GDP growth.

Maybe I’m the only one who finds it funny, but I think I’ve seen one finance article that actually said last quarter’s 3.5% GDP growth (revised down since then) was annualized. Like if they don’t include that, everyone will assume it’s just for that quarter and 14% annualized–just like that we’re booming again.

]]> By: malthus http://housingdoom.com/2009/11/25/its-time-for-the-second-part-of-the-w-in-the-housing-recession/comment-page-1/#comment-21270 malthus Wed, 25 Nov 2009 23:04:44 +0000 http://housingdoom.com/?p=5479#comment-21270 Never before have tax payers paid so much to achieve so little. What a waste.--twist We got two quarters of anemic 2.5% increases in GDP, but it looks as if the expansion is about to stall. Unemployment will remain persistently high, which will hamper a housing recovery for years to come. Never before have tax payers paid so much to achieve so little. What a waste.–twist

We got two quarters of anemic 2.5% increases in GDP, but it looks as if the expansion is about to stall. Unemployment will remain persistently high, which will hamper a housing recovery for years to come.

]]> By: GYSC http://housingdoom.com/2009/11/25/its-time-for-the-second-part-of-the-w-in-the-housing-recession/comment-page-1/#comment-21269 GYSC Wed, 25 Nov 2009 22:51:30 +0000 http://housingdoom.com/?p=5479#comment-21269 Uh Oh, reduced rents will hamper CPI and cause a DEFLATION reading which will drive the FED nusto. Too funny. I think I saw a Favicon in "Transfromers II", but it looked a bit different that the Housing Doom one. Happy Thanksgiving, have some fun. Uh Oh, reduced rents will hamper CPI and cause a DEFLATION reading which will drive the FED nusto. Too funny.

I think I saw a Favicon in “Transfromers II”, but it looked a bit different that the Housing Doom one.

Happy Thanksgiving, have some fun.

]]> By: twist http://housingdoom.com/2009/11/25/its-time-for-the-second-part-of-the-w-in-the-housing-recession/comment-page-1/#comment-21267 twist Wed, 25 Nov 2009 17:14:41 +0000 http://housingdoom.com/?p=5479#comment-21267 Mark- I agree completely. I think I was reading that loan defaults for 2009 originations are already at 17%. Too many wannabe moguls watching too many late night infomercials. Household formation is down, so how could things possibly not get worse? Mark-

I agree completely. I think I was reading that loan defaults for 2009 originations are already at 17%. Too many wannabe moguls watching too many late night infomercials.

Household formation is down, so how could things possibly not get worse?

]]> By: Mark in San Diego http://housingdoom.com/2009/11/25/its-time-for-the-second-part-of-the-w-in-the-housing-recession/comment-page-1/#comment-21266 Mark in San Diego Wed, 25 Nov 2009 16:42:51 +0000 http://housingdoom.com/?p=5479#comment-21266 Sorry - should have said, "result of tax credit" . . .fingers moving faster than brain in early morning here. . . BTW - my tracking of "reduced rents" on Craigslist which I have mentioned here before (started tracking in January 2008 with about 55-60 listings a day) just hit a record this week in San Diego with 335 "reduced rents or reduced deposit, etc." a day. Seems all those jobless "kids" are moving back home. Sorry – should have said, “result of tax credit” . . .fingers moving faster than brain in early morning here. . .

BTW – my tracking of “reduced rents” on Craigslist which I have mentioned here before (started tracking in January 2008 with about 55-60 listings a day) just hit a record this week in San Diego with 335 “reduced rents or reduced deposit, etc.” a day. Seems all those jobless “kids” are moving back home.

]]> By: Mark in San Diego http://housingdoom.com/2009/11/25/its-time-for-the-second-part-of-the-w-in-the-housing-recession/comment-page-1/#comment-21265 Mark in San Diego Wed, 25 Nov 2009 16:38:49 +0000 http://housingdoom.com/?p=5479#comment-21265 The October sales increase was mostly likely the rult of the tax credit ending. Now that it has been extended (and likely will be again) there is no rush to buy, and house sales in the coming two months will very likely be down. . .it is like Macy's which has constant sales - there is no rush to buy today, because there will be a better sale tomorrow. With rents still coming down in mosts parts of the country, those "investors" who bought in the Spring of 2009, may find they have empty houses. The October sales increase was mostly likely the rult of the tax credit ending. Now that it has been extended (and likely will be again) there is no rush to buy, and house sales in the coming two months will very likely be down. . .it is like Macy’s which has constant sales – there is no rush to buy today, because there will be a better sale tomorrow. With rents still coming down in mosts parts of the country, those “investors” who bought in the Spring of 2009, may find they have empty houses.

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