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Name:
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Council Roc Doc
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Subject:
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GET YOUR HEAD OUT OF THE SAND
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Date:
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5/29/2013 11:46:19 AM
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You see GF, this is exactly what we on this board have been trying to teach you about reading and believing simple headlines. Look deeper, ask questions, stuff that the media should be doing but doesn't. Regarding the housing market, MM is correct. It is moving ever so slowly in the better direction, but not for the reasons you suspect. Hedge funds and investors have been gobbling up single family residences for cash and then renting them, housing building permit bapplications have decreased over the last 2 months, all contributing to the lack of supply. Rates are good, as set by the Fed Reserve and the demand is simply outweighing the supply. Now when building permits begin to be issued at pre- recession rates, I will begin to feel better. This housing bubble is still somewhat artificial, so be careful. Stock market increases are solely the result of more money being printed in my opinion. Again, be careful, this bubble will have to correct itself and in doing so, alot of middle class investors will lose out on taking profit. This economy is still mired in mediocrity, and the sad fact is that it did not have to be this way.....Bottom line GF, read a headline and ask questions as all is not as it seems.
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