Open Question

There has been intense speculation concerning when the residential housing
market will
stabilize...

I have written for months the primary problem is one of affordability.

In many areas of the country prices rose much faster than the ability to service
a
mortgage. The attached link from my local paper via the A/P discusses this
issue.

http://www.charleston.net/news/2008/jul/19/narrowing_gap48048/

Asked by T-Bird 1 month ago - 10 answers - 171 views
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Madeleine..
I just called..his cell.
I talked to a man...who told me the # had been changed and Steve was not
there..
I asked.."Do you know him?"..
Answer.."YES"..
I asked.."Do you know where he is?"..
Answer..."No"..
Then he promptly told me that he needed to catch a cab...and politely said
goodbye..
This is not Steve Posting...!!!!
And..whoever has taking over his page..is an imposter!
I am, like you, most certain it's not him...
So our concern remains the same..:(
Sooz

Answered by sooz - Bookmark this User - Ignore this user
1 months ago - Report Abuse

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madi...that is the original name of goff when he first came into
stockpickr....if your referring to the sub name that appears in your window bar.

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This is an impostor, not our own pi guy.

Not a nice thing to do.

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Z...
Don't even get me sarted about the UAW..
Sooz

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1 months ago - Report Abuse

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you said it straight, Steve,,collective barginning my friend.why do you think
ford and gm walked all over its workers and decided on 1.60 an hour wages vs
american lazy son of a bitches. go ahead , lets see you all hide behind you
fricken union cards now....chris

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I have to agree with you FFoot..
Boy, oh boy, could I share some stories about 'APPRAISERS'...
Anyway...I know to be true...that there were many who are as guilty for
(((JACKING))) up the value of homes..
Some have been caught and many will not!!
As if they were in cahoots with the lenders..( mostly during those refi times..
homeowners pulling huge amounts of equity out of homes that were appraised with
extreme value...aurg...it's all backfiring now)
Maybe this guy...who made his $$ that way...has finally realized the 'GRAVY
TRAIN' has ended..
Sooz

Answered by sooz - Bookmark this User - Ignore this user
1 months ago - Report Abuse

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I don't get it.
A REAL ESTATE APPRAISER, (should know real estate, but apparently not) has lived
in Torrance all his life, (should know the market and has some equity I hope)
then sold his home at "an inopportune time" (he probably should be in another
line of work..) and now can't afford to buy a house even though the market has
corrected by 20%. When you speculate, sometimes you lose. Traders don't
always make good decisions. And the writer wants Congress to bail him out??
OMG, what are they smoking in Torrance... ?

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Okay...I'm beginning to get frustrated..
3x trying to post..and wam..bumped..darn it!!
Anyway..last try..

I sometimes wonder, at the rate we are going, how my three children will ever
ralize that American Dream...
I just talked to my Siter-n-law yesterday..she has just sold 3 homes in the last
month in Central Fl..
My Siter..in Laguna Niguel, Ca...is doing pretty weel too..
Location...Location...Location..!!
People around here..where I am..can't even give their homes away...:(
Hope your weekend is a good one..
My Bayou Bud...We need to talk soon..
How is Paige..?
Sooz

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1 months ago - Report Abuse

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The "good ole days"...

Up to 2001 it was tech stocks, then they went into a coma. After that, it was
real estate, which boomed at unrealistic rates (way above inflation) for several
years and now is correcting. About 2004 or 5 to 200? it's the good ole days for
oil and commodities. They were long overdue, and will pull back too. Question
is: What's next?

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"Plenty of Nothing: The Downsizing of the American Dream and the Case for
Structural Keynesianism"- by Tom A. Palley

-THIS BOOK is about the American economy and the gradual dismantling of mass
prosperity that has been taking place over the last twenty-five years.
------------
give this book a read, it may shed some light on some answers you seek.

steve g.

Our loss or better yet our ineffectivness to colective bargain anymore (like the
golden years 1945-73) is what has hurt us the most.

Answered by π - Bookmark this User - Ignore this user
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