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"Recovery in the [Housing] Market"--Oh Please...GET REAL!

By
Real Estate Agent with My Idaho Place Real Estate, Inc.

Seriously...
You know the questions your friends and clients ask you all of the time: "So Bev, 'they' said on the news that the housing market is improving--what do you think?" 
Well if, for example, you scratched your head and were scepticle when the recent "news" of improving employment numbers made you wonder, "Hmm, what about temporary holiday jobs?"  Then this post is for you:

 
Check out this revealing article, and use what you know, as well as any market intuition (or any other intuition--i.e. "common sense") you may possess to put it all together and determine whether you believe it down to your toes...our clients need us to get real, and stop parroting the insane-stream media, whose data and information just does not add up!  Do your own research--I know many of you have, and I encourage you to write about it here at AR, and construct our very own "main-stream," particularly about this subject; one that we hold near-and-dear and are counted on to know the most about already. 
Kudos to Karl Denninger of the Market Ticker, for posting aptly titled "Fraudie/Phoney", and providing for us a sobering smack on the side of the head, that even reveals by the end of the post, the fact that the gub-mint will now be handing out multi-million dollar bonuses, yes "Wall-Street" style, for Fannie Mae and Freddie Mac's executives!  If that cliffhanger doesn't make you click on the link (which you better hurry and click, lest it leads to a virus or gets pulled off the internet toot-sweet...) how about phrases like "double counts," the reality of ""33% foreclosures," or "organic transactions/meeting of the minds," or one of my favorites, "underwriting quality."

C'mon, get real, and get to clickin'!

John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

Bev - Most don't want to see this info, and had rather "hope" that things will improve per the government and talking heads. But they're ignoring some pretty grim facts that will haunt us for years.

Dec 29, 2009 05:26 AM
Bev Boeck
My Idaho Place Real Estate, Inc. - Eagle, ID

I know John; pretty depressing, huh?  Sure do like Karl Denninger's stuff--talk about no-nonsense, straight-shooter.  I'll continue to tune-into your thoughts as well.  Keep 'em coming--thanks.

Dec 29, 2009 05:40 AM