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| 12:53 PM | ||
| Users Online Now: 1,786 (Who's On?) | Visitors Today: 749,597 | |
| Pageviews Today: 1,210,773 | Threads Today: 484 | Posts Today: 7,303 |
| 12:53 PM | ||
END of the AMERICAN DREAM: Fall in housing market is WORST since Great Depression! | |
| A Voice In The Wilderness
Offer Upgrade  User ID: 1506783  United States10/07/2011 04:25 PM Report Abusive Post Report Copyright Violation | Funny how the MSM keeps blasting about the US getting close to another recession considering facts like these. Wake up ladies and gentlemen! We have been in a DEPRESSION since 2008. To the public eye it has been sold as the cruise-liner of slow recovery, when in reality this has just been keeping a leaky wooden boat that they are keeping afloat until the clock runs out. Question is, how much time is on the clock? The American dream of home ownership has felt its biggest decade-by-decade drop since the Great Depression, according to new 2010 census figures released Thursday. Quoting: DailyMailThe analysis by the Census Bureau found the home ownership rate fell to 65.1 percent last year. While that level remains the second highest decennial rate, analysts say the U.S. may never return to its mid-decade housing boom peak in which nearly 70 percent of occupied households were owned by their residents. The reason: a longer-term economic reality of tighter credit, prolonged job losses and reduced government involvement. Unemployed young adults are least likely to own, delaying first-time home purchases to live with Mom and Dad. Middle-aged adults 35-64, mostly home owners who were hit with mortgage foreclosures or bankruptcy after the housing bust in 2006, are at their lowest levels of ownership in decades. Measured by race, the home ownership gap between whites and blacks is now at its widest since 1960, wiping out more than 40 years of gains. Nationwide, the home-ownership rate fell to 65.1 percent — or 76 million occupied housing units that were owned by their residents — from 66.2 percent in 2000. That drop-off of 1.1 percentage points is the largest since 1940, when home-ownership plummeted 4.2 percentage points during the Great Depression to a low of 43.6 percent. Occupy Wall Street and the protests being engineered and fueled by certain groups is just the beginning. "In India, China, Russia, and the cities of America, thousands of men and women are dying of starvation. The monied men, because they have the power, control the market. They purchase at low rates all they can obtain, and then sell at greatly increased prices. This means starvation to the poorer classes, and will result in a civil war." Ellen White (General manuscript, untitled, typed August 13, 1899.)  The Truth About Thread: The FINAL EVENTS Of Bible Prophecy "We here are of the conviction that the papacy is the seat of the true and real Antichrist." - Martin Luther (Aug. 18, 1520) "While God has given ample evidence for faith, He will never remove all excuse for unbelief. All who look for hooks to hang their doubts upon will find them. And those who refuse to accept and obey God's Word until every objection has been removed, and there is no longer an opportunity for doubt, will never come to the light" (The Great Controversy, p. 527). "Jesus did not come to change the law, but he came to explain it, and that very fact shows that it remains, for there is no need to explain that which is abrogated." - Charles Spurgeon "Jesuit Adam Weishaupt established the modern version of the Illuminati specifically to be a front organization behind which the Jesuits could hide. After being formally abolished by Pope Clement XIV in 1773, the Jesuits used the Illuminati and other organizations to carry out their operations. Thus, the front organizations would be blamed for the trouble caused by the Jesuits." Bill Hughes (Author of The Secret Terrorists and The Enemy Unmasked) |
| A Voice In The Wilderness
(OP) User ID: 1506783 United States10/07/2011 04:25 PM Report Abusive Post Report Copyright Violation | Link to full article: [link to www.dailymail.co.uk] The Truth About Thread: The FINAL EVENTS Of Bible Prophecy "We here are of the conviction that the papacy is the seat of the true and real Antichrist." - Martin Luther (Aug. 18, 1520) "While God has given ample evidence for faith, He will never remove all excuse for unbelief. All who look for hooks to hang their doubts upon will find them. And those who refuse to accept and obey God's Word until every objection has been removed, and there is no longer an opportunity for doubt, will never come to the light" (The Great Controversy, p. 527). "Jesus did not come to change the law, but he came to explain it, and that very fact shows that it remains, for there is no need to explain that which is abrogated." - Charles Spurgeon "Jesuit Adam Weishaupt established the modern version of the Illuminati specifically to be a front organization behind which the Jesuits could hide. After being formally abolished by Pope Clement XIV in 1773, the Jesuits used the Illuminati and other organizations to carry out their operations. Thus, the front organizations would be blamed for the trouble caused by the Jesuits." Bill Hughes (Author of The Secret Terrorists and The Enemy Unmasked) |
| A Voice In The Wilderness
(OP) User ID: 1506783 United States10/07/2011 05:50 PM Report Abusive Post Report Copyright Violation |  The Truth About Thread: The FINAL EVENTS Of Bible Prophecy "We here are of the conviction that the papacy is the seat of the true and real Antichrist." - Martin Luther (Aug. 18, 1520) "While God has given ample evidence for faith, He will never remove all excuse for unbelief. All who look for hooks to hang their doubts upon will find them. And those who refuse to accept and obey God's Word until every objection has been removed, and there is no longer an opportunity for doubt, will never come to the light" (The Great Controversy, p. 527). "Jesus did not come to change the law, but he came to explain it, and that very fact shows that it remains, for there is no need to explain that which is abrogated." - Charles Spurgeon "Jesuit Adam Weishaupt established the modern version of the Illuminati specifically to be a front organization behind which the Jesuits could hide. After being formally abolished by Pope Clement XIV in 1773, the Jesuits used the Illuminati and other organizations to carry out their operations. Thus, the front organizations would be blamed for the trouble caused by the Jesuits." Bill Hughes (Author of The Secret Terrorists and The Enemy Unmasked) |
| 5thwheel
User ID: 3776212 United States11/16/2011 07:23 PM Report Abusive Post Report Copyright Violation | |
| cremefraiche
User ID: 4310244 United States11/16/2011 07:38 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 5500538 United States11/16/2011 08:09 PM Report Abusive Post Report Copyright Violation | so what does this mean for purchasing houses? Quoting: cremefraiche if we wait 5-6 months will houses only be getting cheaper, or less affordable? im waiting to pick up a house with 3 buddies we wanna find a good price I wonder about all this too.I want to plan but at the same time in the back of my mind I am thinking about all the solar stuff going on and the disasters and wondering if I should bother to plan ahead. I would love to get another place next year if the world holds together but dont really know how to judge and base on whats happening. |
| Anonymous Coward User ID: 804656  Canada11/16/2011 08:15 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 804656 Canada11/16/2011 08:15 PM Report Abusive Post Report Copyright Violation | |
| samanthasunflower
User ID: 5364986 United States11/16/2011 08:18 PM  Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1557341 United States11/16/2011 08:23 PM Report Abusive Post Report Copyright Violation | so what does this mean for purchasing houses? Quoting: cremefraiche if we wait 5-6 months will houses only be getting cheaper, or less affordable? im waiting to pick up a house with 3 buddies we wanna find a good price I wonder about all this too.I want to plan but at the same time in the back of my mind I am thinking about all the solar stuff going on and the disasters and wondering if I should bother to plan ahead. I would love to get another place next year if the world holds together but dont really know how to judge and base on whats happening. Anyone who changes their real life plans based on ridiculous SunTard warnings, and other fruitless GLP predictions will surely regret it when they turn around years later and realize none of it was true, not even the 2012 BS. Just do your thing, but try to save some money for tough times like any responsible person does regardless of the economy. |
| Anonymous Coward User ID: 1557341 United States11/16/2011 08:23 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 1267719 United States11/16/2011 08:28 PM Report Abusive Post Report Copyright Violation | housing prices haven't fallen at all, but some people have been trying to claim it.Wages never went higher for the majority of Americans.Just more people at the top making more money. They don't have a need for millions of homes.The whole system is fucked.Just a matter of time before it falls apart. |
| Anonymous Coward User ID: 5455993 United States11/16/2011 08:30 PM Report Abusive Post Report Copyright Violation | If I didn't listen to the tards on this site, I wouldn't have a home and would have lost nearly half of my retirement. I feel pretty secure... Oh, I still want that Mossberg though. |
| Anonymous Coward User ID: 5455993 United States11/16/2011 08:30 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 5110867 United States11/16/2011 08:31 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 804656 Canada11/16/2011 08:31 PM Report Abusive Post Report Copyright Violation | housing prices haven't fallen at all, but some people have been trying to claim it.Wages never went higher for the majority of Americans.Just more people at the top making more money. They don't have a need for millions of homes.The whole system is fucked.Just a matter of time before it falls apart. Quoting: Anonymous Coward 1267719 Shaka when the walls fell. |
| Anonymous Coward User ID: 1267719 United States11/16/2011 08:32 PM Report Abusive Post Report Copyright Violation | They lay people off to keep a profit , meaning less people to buy a product.The circle will go on until all small business will go out of business.While the whole time maintaining a profit on the books until their demise. |
| Anonymous Coward User ID: 5524609 Canada11/16/2011 08:33 PM Report Abusive Post Report Copyright Violation | The fed is trying it's damnedest to make inflation the rule of the day. In essence, if they get their way, they will try to inflate their way out of the 'slowdown'. Inflation diminishes debt, since every dollar becomes less valuable. What this means to the housing market is that housing may go the way of European housing; Meaning, Houses will be slow to move and the prices will be well above most peoples means. Essentially, bye bye middle class; hello, urban working class. |
| Anonymous Coward User ID: 1267719 United States11/16/2011 08:35 PM Report Abusive Post Report Copyright Violation | House prices will continue to rop,,, hold off if you can or buy now to secure a permanent place to live. Quoting: Anonymous Coward 5455993 If I didn't listen to the tards on this site, I wouldn't have a home and would have lost nearly half of my retirement. I feel pretty secure... Oh, I still want that Mossberg though. If you cant get a 3 bedroom home for 35 grand, then you wont ever get the country back . 90% of Americans make under 50k a year. No different then 30 years ago. Back then fuel was 75 cent .. and everything else was a lot cheaper. |
| Anonymous Coward User ID: 1267719 United States11/16/2011 08:38 PM Report Abusive Post Report Copyright Violation | The fed is trying it's damnedest to make inflation the rule of the day. In essence, if they get their way, they will try to inflate their way out of the 'slowdown'. Inflation diminishes debt, since every dollar becomes less valuable. What this means to the housing market is that housing may go the way of European housing; Meaning, Houses will be slow to move and the prices will be well above most peoples means. Essentially, bye bye middle class; hello, urban working class. Quoting: Dionysian Fullaflatus The would have to have 1000% inflation to diminishes 15 trillion and growing debt. How do you like your eggs? 500 bucks for 12? It is already pointless for the lower class to even work.At The rate we are going nobody will even get up in the morning. |
| Anonymous Coward User ID: 804656 Canada11/16/2011 08:42 PM Report Abusive Post Report Copyright Violation | House prices will continue to rop,,, hold off if you can or buy now to secure a permanent place to live. Quoting: Anonymous Coward 5455993 If I didn't listen to the tards on this site, I wouldn't have a home and would have lost nearly half of my retirement. I feel pretty secure... Oh, I still want that Mossberg though. If you cant get a 3 bedroom home for 35 grand, then you wont ever get the country back . 90% of Americans make under 50k a year. No different then 30 years ago. Back then fuel was 75 cent .. and everything else was a lot cheaper. $50,000; thirty years ago was an extraordinarily high income. Many families with two parents working didn't make that much. Shaka, when the walls fell |
| cremefraiche
User ID: 4310244 United States11/16/2011 08:46 PM Report Abusive Post Report Copyright Violation | House prices will continue to rop,,, hold off if you can or buy now to secure a permanent place to live. Quoting: Anonymous Coward 5455993 If I didn't listen to the tards on this site, I wouldn't have a home and would have lost nearly half of my retirement. I feel pretty secure... Oh, I still want that Mossberg though. If you cant get a 3 bedroom home for 35 grand, then you wont ever get the country back . 90% of Americans make under 50k a year. No different then 30 years ago. Back then fuel was 75 cent .. and everything else was a lot cheaper. 3-bedrooms I have seen go upwards of 150k in some areas of town, even more. I would be literally blown away to find a house priced at 35k offering 3 bedrooms guess I'll be holding off until 2012 to see what happens |
| Pa resident1
User ID: 5394913 United States11/16/2011 08:51 PM Report Abusive Post Report Copyright Violation | House prices will continue to rop,,, hold off if you can or buy now to secure a permanent place to live. Quoting: Anonymous Coward 5455993 If I didn't listen to the tards on this site, I wouldn't have a home and would have lost nearly half of my retirement. I feel pretty secure... Oh, I still want that Mossberg though. If you cant get a 3 bedroom home for 35 grand, then you wont ever get the country back . 90% of Americans make under 50k a year. No different then 30 years ago. Back then fuel was 75 cent .. and everything else was a lot cheaper. 3-bedrooms I have seen go upwards of 150k in some areas of town, even more. I would be literally blown away to find a house priced at 35k offering 3 bedrooms guess I'll be holding off until 2012 to see what happens As long as the housing/real estate market is bad, so will the economy. Building and the sale of real estate is a big part of the economy, with it in the tank, so will be the economy. "When you don't keep your word, you lose credibility and trustworthy friends" |
| Anonymous Coward User ID: 5524609 Canada11/16/2011 09:14 PM Report Abusive Post Report Copyright Violation | The fed is trying it's damnedest to make inflation the rule of the day. In essence, if they get their way, they will try to inflate their way out of the 'slowdown'. Inflation diminishes debt, since every dollar becomes less valuable. What this means to the housing market is that housing may go the way of European housing; Meaning, Houses will be slow to move and the prices will be well above most peoples means. Essentially, bye bye middle class; hello, urban working class. Quoting: Dionysian Fullaflatus The would have to have 1000% inflation to diminishes 15 trillion and growing debt. How do you like your eggs? 500 bucks for 12? It is already pointless for the lower class to even work.At The rate we are going nobody will even get up in the morning. Not exactly, Food prices have doubled in the past several years; And again taking a European model into account it wouldn't be too far fetched to see food taking up 25-40 percent of total net income. So an effective 300% rise would cut that 15 trillion into a much more manageable sum. Low interest rates should also cause an inflationary surge, but no ones lending since the current business model relies on extranational manufacturing. An effective inflationary rise in house prices would bolster the total worth of banks stocks of foreclosed homes and thusly create another stopgap to monetary hemorraghing. |
| Anonymous Coward User ID: 5678461 United States11/19/2011 04:36 PM Report Abusive Post Report Copyright Violation | so what does this mean for purchasing houses? Quoting: cremefraiche if we wait 5-6 months will houses only be getting cheaper, or less affordable? im waiting to pick up a house with 3 buddies we wanna find a good price Both, they will be much cheaper, but your money and jobs will be even less. There will be no return to the housing boom, ever. |
