Sales of new U.S. homes tumble to record low - GoFuckYourself.com

scubadiver626 · 03-23-2011, 09:00 AM

Northeast, sales dropped by 50% compared to year-earlier levels.

Yet the dow will probably end positive. Wall street is so disconnected from Mr. and Mrs. America. I have to wonder if any lessons were learned from the Great Recession of 2007.

http://www.marketwatch.com/story/sal...low-2011-03-23

L-Pink · 03-23-2011, 09:04 AM

Quote:

Originally Posted by scubadiver626

Northeast, sales dropped by 50% compared to year-earlier levels.

Yet the dow will probably end positive. Wall street is so disconnected from Mr. and Mrs. America. I have to wonder if any lessons were learned from the Great Recession of 2007.

http://www.marketwatch.com/story/sal...low-2011-03-23

They took the money and ran, again.

HowlingWulf · 03-23-2011, 09:20 AM

Yeah it's interesting, but why post it on GFY?

Agent 488 · 03-23-2011, 09:23 AM

the majority of trading now is done by computers doing micro trades. thinking the stock market has anything to do with the real economy is silly old school thinking.

L-Pink · 03-23-2011, 09:24 AM

Quote:

Originally Posted by HowlingWulf

Yeah it's interesting, but why post it on GFY?

Many of the worlds top investors look for tips by gfy ballers. Warren Buffet has at least 2 nic's that I know of.

kane · 03-23-2011, 11:12 AM

A big part of this is simply that there are so many existing houses on the market that can be had for cheap many people are buying them instead of building new.

Of course the shitting economy, high unemployment rate and that fact that many people who own their homes now and would like to sell it and move/buy or build a new place can't because they are upside down in the mortgage.

It is very much a buyer's market out there. A friend of mine just bought a house for $140K that four years ago sold to the previous owner for $250K.

Barry-xlovecam · 03-23-2011, 12:52 PM

ROI on long term RE investments suck. (That is putting it mildly.)
There will eventually be appreciation, eventually ...

.

F-U-Jimmy · 03-23-2011, 12:56 PM

Quote:

Originally Posted by L-Pink

Many of the worlds top investors look for tips by gfy ballers. Warren Buffet has at least 2 nic's that I know of.

Funny shit but so true

03-23-2011, 09:00 AM	#1
scubadiver626 Confirmed User Join Date: Oct 2006 Posts: 1,034	Sales of new U.S. homes tumble to record low Northeast, sales dropped by 50% compared to year-earlier levels. Yet the dow will probably end positive. Wall street is so disconnected from Mr. and Mrs. America. I have to wonder if any lessons were learned from the Great Recession of 2007. http://www.marketwatch.com/story/sal...low-2011-03-23 __________________ AsiaMoviePass My Best Rebilling Site

03-23-2011, 09:20 AM	#3
HowlingWulf Confirmed User Join Date: Nov 2001 Posts: 1,662	Yeah it's interesting, but why post it on GFY? __________________ WP Porn directory/review theme Maddos $35. webmaster AT howling-wulf.com

03-23-2011, 09:23 AM	#4
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511	the majority of trading now is done by computers doing micro trades. thinking the stock market has anything to do with the real economy is silly old school thinking.

03-23-2011, 11:12 AM	#6
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	A big part of this is simply that there are so many existing houses on the market that can be had for cheap many people are buying them instead of building new. Of course the shitting economy, high unemployment rate and that fact that many people who own their homes now and would like to sell it and move/buy or build a new place can't because they are upside down in the mortgage. It is very much a buyer's market out there. A friend of mine just bought a house for $140K that four years ago sold to the previous owner for $250K.

03-23-2011, 12:52 PM	#7
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	ROI on long term RE investments suck. (That is putting it mildly.) There will eventually be appreciation, eventually ... .