HOUSING STARTS IN U.S. INCREASED 6.9% IN JUNE TO 760,000 RAT [NotSoBreaking] - MarketTicker Forums


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User Info	HOUSING STARTS IN U.S. INCREASED 6.9% IN JUNE TO 760,000 RAT in forum [NotSoBreaking]
Bearshort Posts: 4476 Incept: 2007-09-13 NYC Online	HOUSING STARTS IN U.S. INCREASED 6.9% IN JUNE TO 760,000 RATE June Building Permits 755K vs 765K Briefing.com consensus; prior Starts up, permits down.... ---------- "How long to the point of know return?" Enemies of the State: Bernanke, Geithner, Frank, Dodd, Greenspan, Paulson. Last modified: 2012-07-18 08:31:03 by bearshort 2012-07-18 08:30:14 Permalink
Mayorquimby Posts: 13907 Incept: 2008-09-18 The Archaic Past	Pull that demand forward! ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-07-18 08:50:25 Permalink
Frat Posts: 1934 Incept: 2009-07-15 NKY	Zara? ---------- We're ***ed. Where's Henry Bowman when you need him? 2012-07-18 08:53:50 From PDA* Permalink
Sunriser1 Posts: 3115 Incept: 2007-10-30	Ticker forum has been around for five years. That means real estate has been in the tank for four years+. Nevada taxes can go unpaid for three years and Cali five years before the land is lost. The penalties and interest accrue at 18% per year. The vacant land market is toast. The best way to move the land is to build a home on it. I don't get it but some people just need to have a new house. They know they will lose money on it but that's what they want. People still buy $80,000 new cars and trucks that lose 25% of their value when they drive them off the lot. ---------- People call me depressing, I tell them I'm just well informed. 2012-07-18 13:40:49 Permalink
Cashncarry Posts: 5091 Incept: 2007-07-24	Quote: I don't get it but some people just need to have a new house. They know they will lose money on it but that's what they want. I can understand that to some extent. If I felt my circumstances were such that I needed a house and the price was right I would consider a purchase � but not on the basis of investment/building equity. If we do fall into the double-dip recession as many indicators are hinting then we aren't close to a bottom in housing. I was fortunate enough to sell my house 5 years ago just as the bubble was starting to deflate and I don't see any compelling reason to jump back into a house just as we're teetering on the precipice of another significant downturn in the Economy. ---------- "There are two places only where socialism will work; in heaven where it is not needed, and in hell where they already have it.�� Winston Churchill 2012-07-18 22:42:12 Permalink