Everyone drink.
www.youtube.com/watch?v=G2y8Sx4B2Sk
On November 7, 2012, we can all expect that the word of the day will be “UNEXPECTED!”
Every bit of bad, but perfectly predictable, economic news is “unexpected’ by this crowd. I’m about 2/3 of the way through Reading ‘The Amateur’ and I truly believe that this stuff truly is unexpected by these...amateurs. obama really thinks he can change the world just because he wants to. He really thinks if he says the ecomony’s in a recovery...there will be a recovery! The guy is an amazingly clueless and self absorbed narcissist. Truly.
Predicted a 0.1% rise-and that in itself is a ridiculous prediction just so they could say for a week before the figures were actually released a rise was expected-but in actuality there was a 5.5% DECREASE? Not even close folks.
I clicked the thread to count the uses of the word “unexpected” in the first 50 posts. I wonder which will be the funniest?
Let’s see.
1. Home prices the lowest in half a decade = Buyer’s Market.
2. 30 Year Mortgage Interest Rates the lowest EVER = Buyer’s Market.
3. Obama is President = Ignore 1 and 2. (Unexpected - LOL)
How many times does the unexpected have to happen before it becomes the expected?
“Unexpectedly” hillarious as usual.
Good old Lawrence. That's been the NAR line for years and they pay him well for repeating it every month.
STOP HOLDING UP THE ECONOMIC RECOVERY, peoPLE!!!
One couldn't find a renter after 5 months and is now trying to sell starting at an $18K loss.
It will be interesting to see how hard that'll be to sell since the home next door to it has gone into foreclosure so will also be on sale soon. Potential buyers will wonder what's going on--and they should!
We're stuck in an endless "Summer of Recovery" of stagnation. Many more of us who had savings or assets to weather an economic setback are now exhausted and being pulled under. Since we were better prepared and the economy is "improving," we don't get the "help" of those who didn't plan.
Mine sold Apr 6. Not much of a profit, and I was thankful I got that.
Now’s theoretically a time to buy, but I don’t want to buy in Mass. Then I’m here forever. And certainly not while that incompetent is in the Oval.
Can we blame obama for this mess ???
obama should have put a floor under housing first thing.
he encouraged unemployment to linger, he let people walk away from their home loans. so what do you expect the outcome would be — this, the downward spiral mess we’re in today.
Vote him out of office now.
That “recent optimism “ is mostly a measure of how much a bunch of short-sighted dunderheads we have doing the “forecasting”.
All the years I was growing up it cost 6% to buy a house. Just as I got out of school in 1966 mortgage rates started creeping up. By the time I bought my first house in 1970 I had to pay 8 3/8%, on their way up, and rates never got back to that level until the mid 90’s. These current 3% and 4% rates are an extreme distortion in the real world of long term finance. They can’t last for long because no lender is going to stay in business lending his own money that cheaply.
It is a severe measure of just how P1$$ poor shape our economy is in that people still can’t afford a house at these low rates.
I’ve said for years that 1997 was the last reasonable base line and recovery won’t begin until prices and wages settle in around that level. Until that happens we’re going to have to listen to a whole lot of people talking thru their sphincters.
all the bad news has been unexpected for the past 30+ months it seems
Got their taxes done, realized they can’t afford a house, and weaseled out of their deals. Unexpected? Huh.
Unexpected Summer IV.
Can we live through any more?
Used house prices should start going up again in about 20 years, after most of us Baby Boomers have died off. Until then, prices should go down.