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Date: 03 Feb 2009 07:54:16
From: risky biz
Subject: $4 trillion. So far.
Feb. 3 (Bloomberg) -- A record 19 million U.S. houses stood empty at the
end of 2008 as banks seized homes faster than they could sell them and
prices continued to fall.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aKufqJK9j1cY&refer=news

Let's see: 19,000,000 x avg. $220,000 = $4,180,000,000,000

On the other hand:

More Americans signed contracts to buy previously owned homes in December
for the first time in four months, signaling slumping prices may be
boosting demand.

The index of pending home resales climbed 6.3 percent to 87.7, the first
increase since August, from a revised 82.5 in November, the National
Association of Realtors said in a report today in Washington. Pending
sales rose in two of four regions.
http://www.bloomberg.com/apps/news?pid=20601103&sid=aiy2is1cJwJY&refer=news

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Date: 03 Feb 2009 08:09:11
From: John_Brian_K
Subject: Re: $4 trillion. So far.
> More Americans signed contracts to buy previously owned homes in December
> for the first time in four months, signaling slumping prices may be
> boosting demand.

Funny how this is working out is it not? Prices on homes dropping and
only the well off can afford to take on some of those homes. A rich comes
along and buys up a house or 100 sits on them until the market rebounds
and sells them for profit while the guy who can only afford one mortgage
has to sit tight in his home until things rebound to even think about
moving.

The rich get richer the middle class sit around drinking beer, playing
poker and shooting guns happy to not be the lower class.

==========================================
You must not think me necessarily foolish because I am facetious,
nor will I consider you necessarily wise because you are grave.
==============================
47.5% of all statistics are made up on the spot.
JBK

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Date: 03 Feb 2009 18:48:10
From: risky biz
Subject: Re: $4 trillion. So far.
On Feb 3 2009 9:09 AM, John_Brian_K wrote:

> > More Americans signed contracts to buy previously owned homes in December
> > for the first time in four months, signaling slumping prices may be
> > boosting demand.
>
> Funny how this is working out is it not? Prices on homes dropping and
> only the well off can afford to take on some of those homes. A rich comes
> along and buys up a house or 100 sits on them until the market rebounds
> and sells them for profit while the guy who can only afford one mortgage
> has to sit tight in his home until things rebound to even think about
> moving.
>
> The rich get richer the middle class sit around drinking beer, playing
> poker and shooting guns happy to not be the lower class.

That's a pretty accurate synopsis, JBK.

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Date: 04 Feb 2009 06:33:45
From: Will_gamble
Subject: Re: $4 trillion. So far.
On Feb 3 2009 8:48 PM, risky biz wrote:

> On Feb 3 2009 9:09 AM, John_Brian_K wrote:
>
> > > More Americans signed contracts to buy previously owned homes in December
> > > for the first time in four months, signaling slumping prices may be
> > > boosting demand.
> >
> > Funny how this is working out is it not? Prices on homes dropping and
> > only the well off can afford to take on some of those homes. A rich comes
> > along and buys up a house or 100 sits on them until the market rebounds
> > and sells them for profit while the guy who can only afford one mortgage
> > has to sit tight in his home until things rebound to even think about
> > moving.
> >
> > The rich get richer the middle class sit around drinking beer, playing
> > poker and shooting guns happy to not be the lower class.
>
> That's a pretty accurate synopsis, JBK.

It's a little unnerving when JBK has a Will Rogers moment. You begin to
see the potential in everyone.


=============================================

Down goes Frazier, down goes Frazier!

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Date: 04 Feb 2009 06:56:52
From: John_Brian_K
Subject: Re: $4 trillion. So far.
> It's a little unnerving when JBK has a Will Rogers moment. You begin to
> see the potential in everyone.

I am just a dumbass from Detroit haven't you heard?

Haven't you heard the smart people are the ones with jobs making lots of
money?

Haven't you heard the dumb ones are sitting in gutters right now?

Haven't you heard their are dumb ones with jobs making lots of money?

Haven't you heard their are smart ones face down in the gutters right now?

Haven't you heard I was going to buy her a diamond ring?

==========================================
You must not think me necessarily foolish because I am facetious,
nor will I consider you necessarily wise because you are grave.
==============================
47.5% of all statistics are made up on the spot.
JBK

_______________________________________________________________________ 
RecGroups : the community-oriented newsreader : www.recgroups.com




  
Date: 03 Feb 2009 12:50:11
From: A Man Beaten by Jacks
Subject: Re: $4 trillion. So far.
On Tue, 03 Feb 2009 08:09:11 -0800, "John_Brian_K"
<a7ecb57@webnntp.invalid > wrote:

>> More Americans signed contracts to buy previously owned homes in December
>> for the first time in four months, signaling slumping prices may be
>> boosting demand.

>Funny how this is working out is it not? Prices on homes dropping and
>only the well off can afford to take on some of those homes. A rich comes
>along and buys up a house or 100 sits on them until the market rebounds
>and sells them for profit while the guy who can only afford one mortgage
>has to sit tight in his home until things rebound to even think about
>moving.

>The rich get richer the middle class sit around drinking beer, playing
>poker and shooting guns happy to not be the lower class.

Then they're delusional because that's exactly what many of them
either are already or soon will be.