Posted on 01/21/2011 5:55:57 AM PST by woodbutcher1963
Dream on. And unemployment was not going over 8%.
Hope their right, but it is Fannie Mae who doesn’t have the greatest track record. Also, 1.5 million starts would be the largest perhaps ever and what predictable economics?
Pray for America
Anybody going to buy these houses?
Somebody has been smoking something....
And if they do, how many will be in default in less than 5 years?
Actually housing starts in 2005-2006 topped out at 2.2 million.
So when it’s less (and it will be) it will be “unexpected”.
There’s no way they will be building millions of houses with the foreclosure glut on the market.
Unless they plan to relax lending standards again!
You think they might have some 'inside' knowledge about an illegal alien amnesty bill, or some new type of VA-loan coming down the pipeline...... OR??????????
Do you think interest rates are staying below 6% over the nest several years?
In related news ...
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There’s something like a 10 year supply of ‘houses’ already on the market with very few buyers. These people are demonstrably insane.
Coming from a defunct and worthless government institution who has been taxpayer bailed out already to the tune of $150+ billion dollars, I call BS!! =.=
Anyone expecting that in the next three years?
And boy howdy, I hate that word "recovery". Housing has just finished recovering from a non-sustainable bubble. What it needs now is several years of benign neglect from the government so that the historic fundamentals can be reestablished.
WOW!! TRIPLE? All the way from 50 to 150 starts? Great news!!
How many trillion dollars have these brilliant forward thinking and furture predicting scum cost the tax payers. A bunch of over paid buffoons. And their creditability is below zero.
I think this is a stunt to justify keeping Fannie Mae around.
Doug Duncan should be ashamed of himself.
The truth be told! You are 100% correct.
Here is my negativity.
A percentage of the kids today aren’t even buying cars. The payments and insurance are out of their reach. The other 1/3 are living at home with their parent(s).
How many foreclosed houses are on the market now?
If they legalize all the illegal immigrants, it might bump up the numbers, but we will be deluged with immigrants trying to get in under the wire so as to be eligible. (Not good)
4th? The people elected Obama.
OK,
What a crock of shit!
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