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That's kinda what he was talking about. I do not believe his statement was specifically toward and only about the housing market.
Oh ok, I misunderstood. DEFINITELY bears repeating though. At least with the housing market the typical middle-class taxpayer can earn equity on a home and community s/he invested in along with those on Wall Street, The Fed and the "Too big to fail" Banks.
Other markets like derivitaves seem to be a rotten free for all for the 1%.
Oh ok, I misunderstood. DEFINITELY bears repeating though. At least with housing the typical taxpayer earns money on a home and community s/he invested in along with those on Wall Street and "Too big to fail" Banks.
I agree with that, there are so many that do not understand the fallacy of our "free market".
it has gone nothing but up since I bought all mine at less than $300 an ounce.
I said it has not gone anywhere in the past couple of years. It is true it had a massive rally 2000 - 2011, but it cooled down about two years ago. It peaked at around $1900, but is down about $300 since then.
The same Bernanke that has the printing presses going full steam propping up the stock market making the rich richer and making your money drop in value. Are you referencing that Bernanke?
You people still don't get it do you lol
Which housing stats are they lying about?
Everyone comes here to sling some pessimism on the wall, but no one is able to back it up.
Bernanke is trying to convince the people all is well.. a few months ago I looked at Trulia in the city of Orlando to see the homes for sale. .There was @ 16,000 homes.. Now there are nearly 20,000 homes for sale. In a few months, there are now 5000 more homes in Orlando that are on the market , many due to foreclosure
That's kinda what he was talking about. I do not believe his statement was specifically toward and only about the housing market.
No, not only about housing market, but the stock market LOVES good news about the housing market and such news usually trigger a spike in the market. The housing sector has far reaching effect, because it puts equity in people's pockets. Also, when housing picks up people invest in remodelling etc, and new home buyers also purchase appliances, garden equipment, tools, electronics, furniture etc
Bernanke is trying to convince the people all is well.. a few months ago I looked at Trulia in the city of Orlando to see the homes for sale. .There was @ 16,000 homes.. Now there are nearly 20,000 homes for sale. In a few months, there are now 5000 more homes in Orlando that are on the market , many due to foreclosure
The median price of Orlando homes sold during the month of January shot up more than 18 percent over that of January 2012
It looks like people are putting their homes on the market in order to buy a new one. A lot of houses will change owners after a long streak of inactivity in the market.
The median price of Orlando homes sold during the month of January shot up more than 18 percent over that of January 2012
It looks like people are putting their homes on the market in order to buy a new one. A lot of houses will change owners after a long streak of inactivity in the market.
No.. there are more foreclosures. the 5000 added are homes that are under default.
This is the link to REO's and Auctions...
I have friends in Aurora, and they are trying to leave.
One of my sisters, her husband, and then a few months later, all her adult children fled Illinois, because of the insane fees and taxes there.
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