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Old 06-06-2009, 10:24 AM
 
Location: Illinois
718 posts, read 2,002,576 times
Reputation: 984

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What is positive about this economy, in my opinion only, is that finally the younger generation, who had been handed everything from new bicycles to ipods to college educations, are now learning to "live within their means"....some of us learned this from our WWII generation parents. If you don't have a job and don't have a regular income, you aren't spending, plain and simple. When you finally secure that job and a decent income, no matter the occupation, you spend. This time maybe you won't buy a house you can't afford and a $900 car payment for the next 72 months. Pending sales mean absolutely nothing. Closed sales say it all. And the beat from the "drive by media" goes on and on. For now....start a "resale business", but stock in "Goodwill Industries".....what I really like about the stock market is that I can "invest" (give) the market $1000 and the very next day....it is worth $900.....better to stick it in the mattress.
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Old 06-06-2009, 10:41 PM
 
Location: Great State of Texas
86,052 posts, read 81,319,646 times
Reputation: 27707
Quote:
Originally Posted by glenn_1000 View Post
You leave out the fact that Feb-May had positive adjustments

-356 Jan
+134 Feb
+114 Mar
+226 Apr
+220 May

+338 total

Add +338 to the -345 and you have only 7,000 jobs lost. <- A very pretty picture
The problem with those "adjustments" is that they cannot be verified and are calculated new each month. They also do not carry over as you have done..there is no net carryover.
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Old 06-06-2009, 10:47 PM
 
Location: Orlando, Florida
43,854 posts, read 49,003,021 times
Reputation: 58735
There will always be a market for family homes.
Just not financing for those that are at some retarded elevated appraisal level for people with no down payment.
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Old 06-29-2009, 01:48 PM
 
149 posts, read 340,489 times
Reputation: 16
Quote:
Originally Posted by In the Pines View Post
This sounds an awful lot like a bit of positive news. Be careful - you don't want to anger the naysayers! lol

Thanks for sharing!

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Old 06-30-2009, 11:18 AM
 
5,165 posts, read 5,822,263 times
Reputation: 1072
Quote:
Originally Posted by In the Pines View Post
This sounds an awful lot like a bit of positive news. Be careful - you don't want to anger the naysayers! lol

Thanks for sharing!
HA- Naysayers! No we just take all bits of news not just the positive ones we hear from Agents all the time.

Delinquencies Double on Least-Risky Loans, U.S. Says (Update1) - Bloomberg.com
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Old 07-01-2009, 01:50 PM
SXN
 
350 posts, read 1,244,749 times
Reputation: 293
Quote:
Originally Posted by glenn_1000 View Post
Pending home sales is the closest measure in real time, who knows how long it may take to close? 4 weeks, 12 weeks, 6 months? All that matters is that pending sales are being compared to prior pending sales.
Which makes the data useless. Come back when we have the figures for actual sales compared to prior sales.

At the very least, I'd like to see how many of those under contract were able to secure their financing in this climate and actually close.
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