Home prices rise 2nd consecutive month. (Newark, Union: credit, houses, buying)

[JG183]

Originally Posted by ghuber

bahahaha that's all i have to say. once again this does not apply to nj.

indeed.

in the super-bears' natural habitat, housing price news only applies to NJ when its dropping

[elflord1973]

Originally Posted by MoorestownResident

Economists are now saying prices bottomed in November 2008.

U.S. stocks reverse higher on home price news - MarketWatch

economists in question obviously don't trade, because the markets are expressing a somewhat different view.

[lets_hope_for_newbruns]

don't believe everything the realtor will tell you...they obviously will tell you something else to keep themselves in business.

[theoakman]

if you believe Federal Statistics, then by all means take this as positive news. After all, Federal Statistics were telling us that we weren't in recession last year, they were telling us that inflation was 2% while food and oil prices doubled. Besides, the index you referenced is restricted to homes financed under Fannie/Freddie. Not a broad measure of home prices and certainly not an indicator at all of home prices in nicer areas of NJ, which usually cannot be financed by Fannie/Freddie either. If you want an indicator, I would suggest you simply look at median home price sales and sales volume the past 6 months in whatever area you are looking for...because as we all know, real estate is local...or at least that's what the NAR is telling me.

I've yet to see any positive data for any town in NJ but I'm willing to listen if you guys have any for me? What towns are doing well and do you have the evidence to back it up?

[lets_hope_for_newbruns]

I remember how that liberal retard like Frankie Bernie was saying everything is ok with Freddie Mae and Mac. He was caught with his foot in his mouth.

I don't look at last six months...but since January 2009.

[tinyND]

Originally Posted by theoakman

I've yet to see any positive data for any town in NJ but I'm willing to listen if you guys have any for me? What towns are doing well and do you have the evidence to back it up?

Marc P. has posted this sort of info numerous times this year...

[lets_hope_for_newbruns]

if you get two consecutive dropping curves -- one much lower than the first one -- the median home price will continue to fall ..and vice versa.

[tinyND]

Assuming "no government interference" is such a massive, and incorrect assumption that it is not worth discussing.

What is worth discussing is how to profit (based on what the government is bound to do). The way I see it, they have 2 basic options:

1) Massively reduce government spending, then spend the next many years pulling this country out of debt, and along the way act fiscally responsible in every area.

2) Inflate the hell out of everything and make the big monster bigger. Essentially continue to push the issues into the future.

I am betting on #2. To me that means I use my dollars now to steal every hard asset I can. Apartments, Land, Single Family homes, Gold, Food. Anything that I believe will be more valuable in the future.

I would love to hear other views on this.

[JG183]

Originally Posted by tinyND

that means I use my dollars now to steal every hard asset I can. Apartments, Land, Single Family homes, Gold, Food.

oh great, you're one of those

sigh... I had such high hopes for you grasshoppa

[lets_hope_for_newbruns]

tiny -- yes ...don't invest everything in stocks ..there are retards who invested 80 percent of their retirement money in stocks and cannot retire atleast for another 10 more years as their stocks portfolio took a beating. poor chaps , can't blame them... they believed the politicians like Barnie or were just ignorant.

diversify as much...