(Gulf Shores - Orange Beach - Perdido Key Specific)
4 messages
Updated 9/16/2020 2:27:26 AM
Lakes Online Forum
83,605 messages
Updated 4/25/2024 9:33:24 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Gulf Shores - Orange Beach - Perdido Key Specific)
5 messages
Updated 6/5/2012 12:39:50 PM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
| Name: |
roswellric
- 
|
|
| Subject: |
Optimism on the Housing Front
|
|
Date:
|
4/17/2012 9:58:41 AM (updated 4/17/2012 10:01:05 AM)
|
This article improves the perspective on the long awaited housing recovery.
There is probably another "shadow" inventory of homes though that will pop on the market once it starts accelerating. This is from folks that have been waiting for a better market to sell. Ask the folks in Home Depot how business is and they will tell you it's rennovation and they are hearing it's fix-up for future sale.
I see lots of doubling up with parents though. But once the job market starts to recover I think home sales will go up like a moon shot for this and the reasons listed in the article.
URL: Jamie Dimon's view
|
| Name: |
MartiniMan
-
|
|
| Subject: |
Optimism on the Housing Front
|
|
Date:
|
4/17/2012 10:48:56 AM
|
Strikes me as very pollyanish. Yes, the U.S. continues to add population but to assume that growth will automatically lead to new home sales, at least in the short run, seems overly optimistic. It may be good for apartments, but not home sales except for the short sales and first time buyers.
His job numbers of 3.45 million being added in the last 24 months is ridiculous. Everyone knows that the improvement in the unemployment rate is primarily a result of people completely giving up on ever finding a job. The real jobless rate is over 10% and nearly 17% when you include underemployment.
However, some of his observations about inventories and demand should be helpful in the longer run and may justify investing in companies that will benefit from a rebound. But until the unemployment issue is resolved the housing market is going to continue to struggle and the improvement will be very regional and very slow. So if you want to make this investment, don't expect it to take off any time soon.
|
| Name: |
roswellric
-
|
|
| Subject: |
Optimism on the Housing Front
|
|
Date:
|
4/17/2012 11:20:49 AM
|
You'll love this website
URL: Shadow Stats
|
| Name: |
MartiniMan
-
|
|
| Subject: |
Ahhh....inflation
|
|
Date:
|
4/17/2012 12:01:39 PM
|
I was even afraid to mention inflation. I am really worried about how this is going to impact the economy. Here's another hidden drag, in 2013 the tax increases are going to be huge drag on the economy. Every marginal rate goes up, Obamacare adds new taxes that punish the productive and so on. We live in scary times.
|
| Name: |
John C
-
|
|
| Subject: |
what's the average temperature in America?
|
|
Date:
|
4/17/2012 4:59:06 PM
|
when you decide what to wear ~ today ~ , do you ask google what the average temperature is in the entire continental US? Do you study obtuse readings of jet stream, La Nina, and glacier patterns?
Or do you tune in to the local weather guy?
Or do you look out of the window?
|
| Name: |
roswellric
-
|
|
| Subject: |
what's the average temperature in America?
|
|
Date:
|
4/17/2012 5:30:35 PM
|
Both. But micro trends do not exist in a vacumn. I think you'll agree that the national credit crisis had a dramatic effect on sales of homes on my street.,
|
| Name: |
MartiniMan
-
|
|
| Subject: |
Interesting question
|
|
Date:
|
4/17/2012 5:41:49 PM
|
For the last four years of the Bush administration if you asked most folks what they thought about the economy they would have been negative.....but they would follow that with "I, my friends and family are doing pretty well". That is because of the constant negative drum beat of the government media since they are mostly Democrats. Today you might get a more optimistic response about the overall economy because the government media is AWOL but followed with, "But I, my friends and family are really struggling". Objectively speaking there have been some areas of improvement but overall, and especially if you talk to small businesses, it is pretty dismal out there and this is all before the tax hikes kick in next year.
So using your analogy, when you look at all those esoteric sources the weather is looking good but when you look outside all you see are storm clouds........
|
| Name: |
MartiniMan
-
|
|
| Subject: |
As if on cue...housing sales slow
|
|
Date:
|
4/19/2012 11:14:32 AM
|
Citi reported weakening home sales in March. Just one month but not a good sign for the housing cheerleaders. Lets hope this trend reverses itself but with the jobless situation I can't imagine it will improve much.
|
|
|
New Post
Search
Gulf Shores - Orange Beach - Perdido Key Topics Forum
Reply
»
Alabama Coast
»
Gulf Shores - Orange Beach - Perdido Key
Login
|
Home
