Wednesday
Apr202011
Propaganda From Re/Max CEO Margaret Kelly: We've Been Wrong Every Month For 5 Years, But Now Is REALLY The Time To Buy (Bloomberg Interview)
Two things to keep in mind. She is on the Board of the Kansas City Fed, which is Hoenig's bank. And she is wrong about home ownership being the American Dream. Read this from Bank of America CEO Brian Moynihan.
Read the full story at Bloomberg
Video - April 20 - Margaret Kelly, chief executive officer of Re/Max International Inc., talks about the outlook for the U.S. housing market.
Reader Comments (13)
http://www.bloomberg.com/news/2011-04-20/u-s-existing-home-sales-rise-fail-to-recover-ground-lost.html
http://www.reuters.com/article/2011/04/19/us-madoff-sec-lawsuit-idUSTRE73I5N420110419?feedType=RSS&feedName=businessNews&rpc=23&sp=true
http://www.reuters.com/article/2011/04/19/us-campaign-trump-return-idUSTRE73I5I520110419
http://www.reuters.com/article/2011/04/18/us-obama-taxes-idUSTRE73H6G820110418
Second, in what markets are house sales increasing? Who cares if house sales are up in Malibu if such are down in Peoria, Illinois, and Peoria is where you happen to live.
Third, rising prices are irrelevant as all this reflects is a decrease in the buying power of the dollar. That doesn't mean the a house sold today could buy the same quantity of goods as expressed in products as a house sold 10 years ago, ceteris paribus.
http://www.housingwire.com/2011/04/20/reo-sells-for-88-discount-in-california
Oklahoma AG to strike own deal in foreclosure settlement
http://www.housingwire.com/2011/04/20/oklahoma-ag-to-strike-own-deal-in-foreclosure-settlement
Texas House passes bill requiring more disclosures from mortgage servicers
http://www.housingwire.com/2011/04/19/texas-houses-passes-bill-requiring-more-disclosures-from-mortgage-servicers
AIG Shifts Asbestos Claims to Berkshire Unit
http://www.moneynews.com/FinanceNews/AIG-Shifts-Asbestos-Claims/2011/04/20/id/393519
Rumor Becomes Reality: Ratings Action TipOff?
http://market-ticker.org/akcs-www?post=184608
Are they even 100% positive that they own the mortgage free and clear???.
There seems to be more than a little confusion there
and that is just the begging of the problems
The economy seems to be tanking and home prices will still continue to fall.
You cannot have a jobless recovery.
The dollar is at new lows against the Euro - Which is going to cause inflation or hyperinflation when all that currency they printed and put in circulation really hits the system.
There are other variables at play
I have ocean front property in Nevada if your that gullible
These people really just don't have a conscience
All in a days work you know - just another day at work for these lying whores
Screwing people - Just another day on the job.
There will literally be hell to pay