Posted on 06/22/2010 7:36:00 AM PDT by John W
WASHINGTON - Sales of previously occupied homes dipped 2.2 percent in May, suggesting that a boost from government home-buying incentives is winding down earlier than expected.
(Excerpt) Read more at msnbc.msn.com ...
The PPT will be working hard today, I’m sure.
I never got why people get their panties in a knot over this phraseology. Anytime I see the word "Unexpected" in context to the Obama fellating media I take it as a negative not a CYA. By using the word unexpected it means to me that the administration really thought happy days are here again and they expect it to be sunshine and lollipops on the economy. I am sure the average idiots reads this and thinks..Are there folks really this dense, of course home sales are soft and unemplment is high, what they "Expected" it to get better.
DRINK!
To me it means, to the media that “hey, this is only supposed to happen when Republicans are in the White House.”
LOL! Perfect!
Just like the unemployment numbers month in, month out.
“The report “suggests that even government stimulus in the form of a tax credit isn’t enough,” to support the U.S. housing market, wrote Guy LeBas, an analyst with Janney Montgomery Scott”
ie, socilaism is not working.
Unexpectedly=CUT DENY EXPEL
Of course, those “average idiots” gave us Obama. So, I don’t know.
Unexpected. You keeo using that word. I do not think it means what you think it means.
Right now I would define it as when a page loads on FR.
If they'd been running Germany in the 1930s, other countries would have invaded THEM.
Yes there would. Stalin would have started it.
What is unexpected about it??? The Federal Tax credit artificially inflated the buyers market. Home sales are going to be “surprisingly and unexpectedly” lower for many months to come.
Good question. Contract needed to be signed by 4/30, Closing needs to be complete by 6/30. So we'll know a little better in a couple of weeks, I guess.
As for homeowners raising prices, I actually saw (and did) the opposite. Dropped the price around the 1st of April in anticipation of the April 30th deadline. Ditto for the sellers on the house that I bought, and on several others that I looked at. I moved the house almost immediately after dropping the price.
My thinking was "This is pretty much the last shot for 2010, and who knows what's going to happen in 2011. I'll just take my lumps now and hopefully will make it up when I buy the new house.". Which is exactly what happened. Dunno what the other people were thinking.
And with regards to the tax credit, FReepers may laugh, but it didn't sway me one bit in regards to purchasing a house (I needed to buy one, or be homeless....), and I actually wrestled with my conscience in deciding to take the credit. I've decided that if someone left a pile of money on my doorstep with a sign saying "Take Me", I'd be foolish not to use it. I'm looking at it as found money, will likely invest it in the kids' college fund.
Unexpected Thursday
(Pleasant Valley Sunday - with apologies to the Monkees)
The White House Press Corps down the hall
Is trying hard to learn their song
Seranade the weak kneed Gibbs, who just came out to make them yawn
Another Unexpected Thursday!
Spilled Oil burning everywhere!
Rows of houses they’re all the foreclosed
And no one seems to care
See Mrs. O, she’s proud today because her roses are in bloom
Mr. O he’s so serene, He’s on TV in every room
Another Unexpected Thursday
Here in Unemployment land
The Press complains about how high it is
And the people just don’t understand
Creature comfort goals
They only numb my soul and make it hard for me to see
My thoughts all seem to stray, to places far away
I need a change of scenery
Ta Ta Ta...
Another Unexpected Thursday
Spilled Oil burning everywhere!
Another Unexpected Thursday
Here in Unemployment land
Another Unexpected Thursday...
There’s that word again...
Doesn’t it come early? Like in November?
These are the worst analysts in the world. No matter what happens it’s unexpected!
Nice!
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