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Purveyor (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:23 AM Original message |
U.S. Housing Slump Has ‘Just Begun,’ Says Forecaster Talbott |
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Mari333 (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:31 AM Response to Original message |
1. no one knows wtf the going on |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:35 AM Response to Reply #1 |
3. How can housing be "bottoming out" while unemployment is increasing at unheard of levels? |
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serrano2008 (363 posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:39 AM Response to Reply #3 |
5. The LARGE MAJORITY of Americans still have their jobs and are not worried about losing them. |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:45 AM Response to Reply #5 |
7. OMG! Do you think there is no correlation between employment and housing?! |
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KurtNYC (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:03 PM Response to Reply #7 |
9. There is a correlation but what screwed the housing market was/is |
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dbonds (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 01:17 PM Response to Reply #9 |
20. Don't forget the greedy ass flippers, They played a huge part. |
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PassingFair (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 05:28 PM Response to Reply #9 |
28. You are correct for areas like Nevada, California and Florida... |
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FedUpWithIt All (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:46 AM Response to Reply #5 |
8. We have 7.1% unemployment in my area. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:48 PM Response to Reply #5 |
17. the LARGE MAJORITY of americans still had jobs during the depression |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 01:17 PM Response to Reply #5 |
21. Oh, and by the way |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:43 AM Response to Reply #3 |
6. Same way it did in the past |
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ret5hd (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:37 PM Response to Reply #6 |
16. You are assuming the formulas to calculate unemployment have remained static since the '80s. |
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Hydra (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 01:38 PM Response to Reply #6 |
22. It's not though |
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The Backlash Cometh (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:35 PM Response to Reply #1 |
15. It's free market, baby! |
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SlipperySlope (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 02:36 PM Response to Reply #1 |
23. Lots of people know exactly WTF is going on |
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closeupready (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 02:46 PM Response to Reply #23 |
24. Bingo. You win. Wish I could recommend a single post. |
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CrispyQ (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 03:15 PM Response to Reply #23 |
25. That's it in a nutshell. --nt |
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progressivebydesign (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 09:20 PM Response to Reply #1 |
31. Our county prices have bottomed out AND pendings are UP 26% this past month. |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:33 AM Response to Original message |
2. Good article. |
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Xithras (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 11:36 AM Response to Original message |
4. He may be right on the price levels |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:05 PM Response to Original message |
10. Accounting For Inflation, Prices Are *Still* More Than Double Since 1970 |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:22 PM Response to Reply #10 |
11. The underwriting standards that worked for decades said no more |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:24 PM Response to Reply #10 |
12. The population is substantially higher than in 1970 meaning |
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MannyGoldstein (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:33 PM Response to Reply #12 |
14. But There's New Supply Commensurate With The New Demand |
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Javaman (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:30 PM Response to Original message |
13. Oh there is still so much more to come, this one is my personal favorite... |
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Baby Snooks (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 12:55 PM Response to Original message |
18. Don't forget the tax base... |
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Phoebe Loosinhouse (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 01:01 PM Response to Original message |
19. Lots of info in this relatively brief analysis |
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Gin (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 04:21 PM Response to Reply #19 |
26. that scenario may be the next shoe to drop....if I had an upside down |
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slackmaster (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 04:24 PM Response to Reply #26 |
27. I can't think of a way to help those people without hurting someone else |
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KakistocracyHater (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 08:55 PM Response to Original message |
29. I see no housing slump, I see an opening 4 veterans' housing |
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progressivebydesign (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 09:19 PM Response to Original message |
30. Yawn. Everyone has an opinion, and the more these eggheads keep talking the worse it gets. |
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llmart (1000+ posts) Send PM | Profile | Ignore | Thu Feb-05-09 10:19 PM Response to Reply #30 |
32. Thank you for that! |
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