Home sales highest since 2006

azbullhunter

azbullhunter

Active Member
Messages
386
Today the National Association of Realtors reported that home sales were the highest since 2006. I just report facts. I wonder who bought these houses illegals or the Chinese?
 
LAST EDITED ON Jan-23-16 AT 11:49AM (MST)[p]Fewer people own homes means banks and landlords are owning more homes. The wealthy, who are being propped up by artificially low interest rates and the stock market which has been propped up by quantitative easing, and this week by the Chinese government artificially propping up their markets with $91 billion are doing well. The majority of the country is not, which is what azbullchitter is disengenuiously implying with his post.
 
Also Azbullhunter failed to add that it was around 2006 that the housing bubble burst and home sales came to a almost standstill and people losing their homes thanks to Barney Franks.
For home sales to finally exceed 2006 record is like saying the faucet dripped twice instead of once.

RELH
 
and that why we ave renters in an all time high who can't find a house cheap enough to rent, kids in their 40's moving in with parents...all BS...

 
Talk about wadded up panties, geez you guys crack me up.

Azbh posted a simple statistic, no more, no less.

The period of 2003 to 2006 saw historic records for home sales, so exceeding 2006 is a good thing which is why the National Realtors Associations mentioned it.

Check a chart!

2007...different story, but even in 2007 Americans still owned more homes than at any time prior to 2001.

The only thing that is blatantly disingenuous are the attempts to somehow discredit or belittle the National Realtors Assoc. It seems odd that such good news seems so upsetting to a few.

Then again if you are all about your failing political party and don't give 2 chits about America or Americans..it makes perfect sense.
 
Sure foreskin, that's azbullchitters mo. I still got that bridge for sale. Interested?
 
FW, keep it up and your spin will be up there with Dude's if you keep improving. AZbullhuter is still in Piper's league for B.S. spin.

RELH
 
Facts just like auto sales hitting an all time high in 2015. Your take on more banks owning houses???? The fact home SALES were highest since 2006. Only you crybabies,excuse makers, and negative spewing complainers could find this to be negative. A home sale creates a lot of money in the economy. Just because the economy crashed under your hero leaves you bitter and unhappy. I hope you guys can begin to enjoy life this is a wonderful country and it is sad to see you so angry. Work hard there are tons of opportunities out there to make you successful.
 
All that money plus intrest we paid Iran they could buy a lot of homes,maybe a ball bearing company,gun powder company,even the douch bag Kerry said their is a chance the might spend that cash on terrorism.
 
Today Eel reported that the population of the US in 2006 was 298 million. In 2015 the population was 320 million.

It seems logical that 320 million people would buy more homes and cars that 298 million.
 
population in 07 08 more than 06 so why were not sales better than 06.

you losers complain with auto sales all time high and home sales best in 9 years you guys are amazing
 
>population in 07 08 more
>than 06 so why were
>not sales better than 06.
>
>
>you losers complain with auto sales
>all time high and home
>sales best in 9 years
>you guys are amazing

Last time you were telling us Auto sales are up!

I won't argue!

By GAWD we'd best have a new House Payment to go with the New Vehicle payments!

More Idiots Born by the Day Growing up trying to out-do the Neighbors!

You can get it!

But can you keep all that Nice sshhitt?






"I'm Living & Dieing with the Choices
I've made!"

https://www.youtube.com/watch?
v=N8i5NLyXZdc
 
LAST EDITED ON Jan-23-16 AT 07:43PM (MST)[p]How is this not good news? Oh yeah, it's an election year and your party is vying for the office. Unless...your entire agenda is to play down good news and magnify bad news.

Party before people, screw America, we need America, specifically the American citizen to hurt so we can save it. Let's all gather and pray for something bad, crashed market, ebola, terrorism on our shores, something...please God, give us something we need all the help we can get.

There was an excess of inventory and credit markets were tight. So this is a good sign, let us hope that reforms in the mortgage company have improved for these people.

I must say ;) I believe Elk is spot-on let us all hope these buyers and car owners make their payments. It ain't looking good though if you look at cars and 90 day default numbers...but that is another post you a.d.ders.

There was a reason GS and Citi said "Get Out".

We are basically screwed after the election as we most likely are heading for a global double dip. The market will take huge swings typical of a depression. But what does that mean when you have put down 3.75% at 4%? Me thinks not much for the buyer, easy to just walk away. We just saw it happen....

@ Homer, worthy of it's own post and maybe evident of the credit society we live in. Why have cash in a savings account when you have a card with a $25K limit and 0 balance?

The gamble of cheap money and a possible double dip may have been worth it to move the inventory. Housing is a large sector of our GDP and our economy is beyond fragile like every other country right now. We just aren't as fragile....yet..Yay!
 
LAST EDITED ON Jan-23-16 AT 08:10PM (MST)[p]Why have cash in a savings account when you have a card with a $25K limit and 0 balance?

I have an extra 25K in the bank? cool. :)

Is that part of my net worth? :)
 
>population in 07 08 more
>than 06 so why were
>not sales better than 06.
>
>
>you losers complain with auto sales
>all time high and home
>sales best in 9 years
>you guys are amazing


Whos complainin? We just responded with facts.
 
LAST EDITED ON Jan-23-16 AT 09:21PM (MST)[p]No, you responded with deflection and conflation which is what you and the LDS members who dare knock on my door do.

Simple fact which you deflected with home ownership a completely different subject. Then to double down instead either contesting the NRA release you want to conflate the issue by bringing up record car sales as a bad thing. Yet saving the Automakers was a bad thing so that is a little confusing...but I digress.

You've jumped the gun when it comes to the car sales bubble which (i think its eminent) has not materialized yet. So that is nothing more than hopeful pessimistic fiction.

Azbh is just a messenger, you want to trounce the NRA and those facts than have it, but I have not seen it yet. Be happy, the average age in this forum is 50+ so if the housing market is coming back that will hopefully benefit you.

@ Eel, net worth buddy. I don't agree with this new generation of thinking when it comes to money. Like unprofitable start-ups, but I'm old.
 
Is the home ownership rate not the lowest it's been since 67? Is the first time home ownership nearing 30% the lowest since 87? These are facts not a deflection or a complaint, just simple facts.
 
do you think good auto sales and good home buying numbers are bad? You probably would go back to Bush days of losing 750,000 jobs a month.
 
Things are a lot better today than they were in 07 08 remember the entire economy was on the verge of collapse or have you forgotten. 2/3 of auto industry on the ropes most banks on the verge also oh yes it is Barney Franks fault.

As far as many Americans not having much money saved that is true but that is not a new number it has been that way for over a decade but whose fault is that. Not mine maybe the morons who do not want to work or work hard or never got an education or a trade. Most just sit and complain because they have nothing and will never have anything and they know it so they blame the government for all their problems.

I see those guys all the time at the circle k who buy a 12 pack and a pack of cigarettes and put $2.75 in their 73 Chevy. They do it everyday. They complain about the government is too big but cannot wait for the biggest government spending programs of all Medicare and Social Security to take care of them and then complain because they did not get a COLA this year. Ask them like I do if they saved their money and invested some of it and the answer is no. I am getting tired of them.
 
AZbullhunter, Barney Franks was the bent wrist liberal in Congress who openly supported and pushed his agenda of allowing lower income folks to be able to get loans and purchase homes that were beyond their means to pay off and it finally led to the housing market crash and a vast majority of those homeowners loosing their homes to foreclosure. Barney was a liberal Democrat and was a real bent wrist liberal as he was gay also.

FW, here is the reason why I think this time around you will see a Republican in the white house. As you yourself knows there is greater disapproval of our current liberal President who is in office. Bush also had reached the point of more disapproval prior to leaving office. A lot of that disapproval was based on his war in Iraq which helped bleed the economy. So the voters turned to a liberal Obama and are now disappointed with that choice.

Congress has a even lower approval rating then the President and the bottom line is that the voters are getting fed up with career politicians that continue to feed off the back of the working class voters.
This feeling of being fed up applies to both parties in Congress who seem to put special interest and lining their own pockets above what is good for the nation as a whole.

I believe the voters will look this time to an outsider because they do not trust a career politician such as Bush, Sanders, or Clinton and down the line. They will look towards a Washington outsider who seems to have the ability to turn things around and REALLY get our economy on a upward spiral. They will want a President who can work with both parties, that leaves Cruz out, and make some good changes that will benefit the majority in this country.

Now which party has put forth three separate candidates that are considered to be outsiders and not career politicians. It sure was not the Democrat Party, they offered up 3 candidates. Two are dye in wool career politicians and a third that can not get a word in edgewise at any of the Democrat debates. He may be the best of the lot but will not have a chance due to the power makers in the Democrat party.

This is the reason that Trump is doing so well at this point. This is the reason why Carver and Fiona are even still standing on the debate stage.

Yes I feel the GOP could have done better with other candidates, but I also feel that the Democrats did far worse in supporting the candidates they offered forward and will pay for it this time around. We can hope also that the voters will be smart enough this time to dump a lot of the career politicians that are in Congress from both parties and get new blood and thinking in there. I doubt that will happen based on the un-informed voters we have in this country. They only seem to change when they get p!ssed off at what they voted in the last time around.

RELH
 
I wish we could vote all of them out of Congress. They are all for sale to the highest bidder. Term limits would solve a lot of the problems but it will not happen. Most voters are illiterate who cannot or will not educate themselves so I think we agree on that.
 
>do you think good auto sales
>and good home buying numbers
>are bad? You probably
>would go back to Bush
>days of losing 750,000 jobs
>a month.

Wouldn't be a Bad thing if people were buyin sshhiit they could actually Pay for!

But the "LOOK AT ME" / "LOOK AT MY VEHICLES" / "LOOK AT MY MANSION" BS Ain't Helping Matters!








"I'm Living & Dieing with the Choices
I've made!"

https://www.youtube.com/watch?
v=N8i5NLyXZdc
 
LAST EDITED ON Jan-25-16 AT 10:35AM (MST)[p]
Original Message
"RE: Home sales highest since 2006"
Posted by DW on Jan-23-16 at 02:44 PM
It ain't me sayin it.


http://www.marketwatch.com/story/the-danger-of-foreign-buyers-gobbling-up-american-homes-2015-10-08.




So you want government more involved in the markets if you think it costs people because foreigners are buying property? Do you oppose Americans owning land outside of the United States as well.

I love the fake conservatives answer to a free market that may cost them money, "We need the government to intervene".

Do you remember the lat 80's when Japan was going to be our pay master? How did that turn out?

Either you are for the free market or you are not. Or is just that you don't like other people having more then you do?

Party like it is 2007 and make sure that you hedge your investments or have something to fall back on. The next one could get even uglier given that the Central banks around the world are almost out of dry powder.


Nemont
 
LAST EDITED ON Jan-25-16 AT 10:36AM (MST)[p]That is exactly what the article you linked said. So do you support the free market or not? Why is Asian money not green enough for you? Does it really matter why the housing market is roaring ahead? Would you want the willing sellers to get less for their property? What exactly is the point of the article if it isn't to demand that government keep those Asians out of the market? How does reducing the number of willing buyers help the housing market?

Nemont
 
LAST EDITED ON Jan-25-16 AT 10:53AM (MST)[p]I swear some of you guys couldn't follow a double lung blood trail in a foot of fresh snow. Azbullchitter has been cherry picking statistics the past six months to try and prove the US economy is going gangbusters. My responses point out the fact that for 90% of the country things aren't that great. If the housing market was a truly free market the bubble would have never burst because there would have never been a bubble. One statistic does not indicate how a market is doing. When you look at all of the statistics in the housing market it's nowhere near what it was prior to the bubble. And it really isn't in that great of shape. Just because McDonald's stock is up today doesn't mean the stock market is in great shape. Maybe you should go back and reread the Op as he mocks who is buying these homes.
 
LAST EDITED ON Jan-25-16 AT 11:24AM (MST)[p]>I swear some of you guys
>couldn't follow a double lung
>blood trail in a foot
>of fresh snow. Azbullchitter has
>been cherry picking statistics the
>past six months to try
>and prove the US economy
>is going gangbusters. My responses
>point out the fact that
>for 90% of the country
>things aren't that great. If
>the housing market was a
>truly free market the bubble
>would have never burst because
>there would have never been
>a bubble. One statistic does
>not indicate how a market
>is doing. When you look
>at all of the statistics
>in the housing market it's
>nowhere near what it was
>prior to the bubble. And
>it really isn't in that
>great of shape. Just because
>McDonald's stock is up today
>doesn't mean the stock market
>is in great shape. Maybe
>you should go back and
>reread the Op as he
>mocks who is buying these
>homes.

Of course the economy isn't perfect. I can't find anywhere that anyone has argued that. It also isn't bad for "90%" of the country.

If you are saying the housing market isn't "nowhere near" where it was pre bubble bursting, wouldn't that be a good thing? You can't get a liar loan any more.

The question you have ask is this, what does the economy look like vs 2008? You don't have to approve of a single one of Obama's policies but being objective and intellectually honest, it is far better for most people vs where it was in 2008.

I think it is built on a house of cards where zero interest rates have led to major misallocations of resources and that we will have a massive hangover from it in the coming years. All that means is keep some dry powder and plan ahead a bit and you can make even more money on a down cycle.

If a person had a firing brain cell and $5 in 2008 you should be ahead of the game today. If you aren't ahead of where you were in 2008 no amount of free money can help you.

Nemont
 
Americans suffered through the downturn in 2008 also because they didn't have dry powder.

0063_personal-savings-full.gif


That isn't news at all. how do you feel sorry for people who have lived through a major recession and continue to spend like a drunken sailor. It isn't the governments fault that people are economically clueless, it is their responsibility to be keep some dry powder.

The American people are way over invested in Housing anyway. Look at the amount of wealth people hold if you subtract the equity in their house.

Housingmess_zpsergbdbdp.jpg




I guess when the coming sale happens the rich will get richer.

Nemont
 
What have wages done during the recession? Especially to those who were let go and then after being jobless in their field for several years being hired by a different company in that field? Theyre makein 30-50% less than they did pre recession. These recessions are always hard on employees. I went from 13 full time to one part time employee and not sure I have the desire to take that on again. From what I read about the retailers the people aren't spending the money they don't have either. Did ya ever think walmart would close stores? They say this is the slowest recovery since the great depression. At which time socialism made great strides like it is now. Some believe all that government intervention back in the 30's only added to the length of the depression. Some would conclude the same things happening today.
 
....and yall know what Trump does for a living...................
"get your red hot Forest/BLM land cheep" This offer good these weeks of election cycle only"....
 
I really don't care if Walmart closes stores or not. Something like 90% of all the stores closing are within 10 miles of another Wal-mart. I am not sure that 152 stores out of 5200 in the U.S. is a sign the Walmart is over.

So answer this question honestly, given where the economy was in 2008, are we above that today?

That is the point of saying things are better.

Read Kiplinger's

http://www.kiplinger.com/tool/business/T019-S000-kiplinger-s-economic-outlooks/

The Conference Board

https://www.conference-board.org/data/usforecast.cfm

U.S. Econ outlook-

http://useconomy.about.com/od/criticalssues/a/US-Economic-Outlook.htm

How It Affects You

2016 will be a prosperous year as we can finally say goodbye to the effects of the financial crisis. Be on the lookout for irrational exuberance in the stock market this year. Although we aren't there yet, that usually signals the peak of the business cycle. However, another recession is probably 2-3 years out. That's because this recovery has been so slow that it will take longer to reach the peak.

Therefore, the best thing to do this year is to stay relentlessly focused on your financial well-being. Continue to improve your skills and chart a clear course for your career. If you've invested in the stock market, stay alert for a pull-back, but get reinvested at the lows because the year will end better. As the economy improves, commodity prices, including gold, oil, and even coffee, will stay at record lows. That should mean lower prices for food. All in all, a good time to reduce debt, build up your savings and increase your wealth. Article updated January 11, 2016.

Even the doom and gloom bankers are making upside predictions:
Click through their graphics

http://www.goldmansachs.com/our-thinking/pages/outlook-2016/#infographic

Bloomberg

http://www.bloomberg.com/news/features/2015-11-05/economy-2016-here-s-what-you-need-to-know

I am sure if you spend any time reading them you can pluck the cloud from the silver lining but I don't know why people are so pessimistic about the future. It isn't all rain clouds. There are lots of bright spots.

If people are in the long term unemployed class then they need to retrain and upgrade their skills. Unfortunately there will always be a politician to come along and say it really isn't their fault and they should be mad at the Government.

Nemont
 
LAST EDITED ON Jan-25-16 AT 02:48PM (MST)[p]creative destruction- Creative destruction refers to the incessant product and process innovation mechanism by which new production units replace outdated ones. This restructuring process permeates major aspects of macroeconomic performance, not only long-run growth but also economic fluctuations, structural adjustment and the functioning of factor markets. Over the long run, the process of creative destruction accounts for over 50 per cent of productivity growth. At business cycle frequency, restructuring typically declines during recessions, and this add a significant cost to downturns. Obstacles to the process of creative destruction can have severe short- and long-run macroeconomic consequences.
 
LAST EDITED ON Jan-25-16 AT 03:09PM (MST)[p]And do you believe our government should be forcing people to save for a rainy day? That should be a personal responsibility item any adult does on their own because it is wise.

You can't begin to force people to think about their future.

Like I said before my dad always told me two things.

1. Make your bed as soon as you get up in the morning, that way you have accomplished something that day.

2. Wealthy people plan for the next generation, poor people plan for Saturday night.

So you are hoping the economy gets worse and more Americans suffer just so you can gloat over hating Obama? That is weird way to be as an American.

Nemont
 
Your missing the fact that due to the wage slashing that went on people are just tryin to keep their heads above water and all they've been gettin thrown to them are anchors.
Ive been hoping it gets better for 10yrs now but I'm a realist. The policies put forth the last 10yrs have done nothing to improve the situation in fact just the opposite. Which is why I'm lookin forward to a change. I know thinks won't be able to improve until then.
 
LAST EDITED ON Jan-25-16 AT 03:55PM (MST)[p]Has Obama been president for 10 yrs?

You can't live the way you are supposed if the most influential book in your life is your payment book. That is where most Americans make their mistake. Upgrade your skills if you are not getting a better job.

Nobody owes you a living, never depend on what comes out of DC to be of any help to you. I could be put our of business tomorrow if they decide to cut brokers out of the insurance transaction. Guess what I could live for a long time without being in business and land on my feet just fine. Nobody gave me anything except a work ethic.

The future is now, make the best of it and don't think for a minute who sits in the White House matters whit to what you do with your life.



Nemont
 
I never said W was innocent. The moves his administration made when this thing hit are part of the problem. Hence 10yrs.
 
So why exactly do you think the next guy will be better than the last two? Have you seen the people running, name a single great accomplishment any of them have going for them? I guess The Donald had a hit TV program once.

You put too much into what a president can and cannot get done.

Nemont
 
Yes FW this is good. A good portion of those liberals that screwed this state up with their wants and voting are now leaving the areas of Southern CA., Bay area and coast since they retired. Due to those areas being high dollar to live, they will take their fixed income and move out of state to screw up Washington, Oregon, Nevada, New Mexico, Arizona, Montana and Idaho and Wyoming. They love the Star Valley area of Wyoming. Oh lets not forget Colorado, they have already moved into there enough to screw it up for the locals.
Yep, it is a great thing for us Northern CA. people. We are smart enough to run them off in two years or more when they move among us and start demanding all the comforts of a large city.

RELH
 

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