Re: is housing near its bottom? the financial parasites keep chanting it, along with their **** sellers in the media, and of course the indoctrinated chanters

On Wed, 07 May 2008 18:09:55 -0700, Doobie Keebler wrote:

> On May 7, 7:08 pm, starc...@[EMAIL PROTECTED]
 wrote:
> 
>> Nope.  Nowhere near the bottom.
>> People waiting for prices to come down ...
> 
> from Sudden Debt:
> 
> "Homeowner vacancies are currently at an all-time high of 2.9% and of
> those vacant homes, a record 2.28 million units are for sale only, up
> from 1.39 million in 2005 (see chart below). That's another four years
> worth of supply at the current pace of sales."
> 
> - more -
> http://suddendebt.blogspot.com/
> 
> There's a four-year glut on the market?
> 
> R/E market bottom in 2012 ?
> 
> .

Really depends on what actions are taken by government.  Pumping the money
supply on the bottom (stimulus) while increasing the progressive nature of
the income tax could fix the problem pretty quickly.

-- 
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend