Comments on: Psycho Babble-licious

By: 3clicks from da beach

3clicks from da beach — Mon, 14 Sep 2009 16:03:52 +0000

Those who are prudent and frugal keep getting outbid by those who are ‘all in’ with our (FHA) money. It’s the greatest show on earth. There is a sucker born every minute. A fool and his money are soon parted. Nothing ring more true in the age of entitlement and a Black BMW/Mercedes in every driveway.

By: doughboy

doughboy — Sun, 13 Sep 2009 15:51:01 +0000

Permabears can go into hibernation soon as the days shorten. When they awake in the spring, 6 months will have gone by and nothing will have changed here!!!! People will buy, people will sell. Loans will be underwritten, the NAR will brag about statistics that are marginally favorable in the housing market and we’ll still be all waiting for a bottom.

By: keep.i.f

keep.i.f — Sun, 13 Sep 2009 15:16:36 +0000

Well if Mozart is making predictons, here is my prediction: The FHA will become insolvent sometime in the Spring. This time because the government will not feel comfortable allowing the annual deficit to balloon to $2T, they will need to change policy to make sure only people who can pay back their mortgage receive one. Real Estate will really sink when that happens.

By: arizonadude

arizonadude — Sun, 13 Sep 2009 01:02:59 +0000

manifest destiny my friends.

By: Mike

Mike — Sun, 13 Sep 2009 00:21:08 +0000

Sorry meant Mozart, not Wizard.

By: Mike

Mike — Sun, 13 Sep 2009 00:20:27 +0000

If you need the $8k you really can’t afford a house. How are all these house-poor people going to kick start the economy.

Wizard, maybe things really are different this time, and fundamentals like high umemployment and a backlog of soon to be foreclosed houses coming on the market, don’t really matter. But I smell a dead cat bounce.

By: FirstTimeRenter

FirstTimeRenter — Sun, 13 Sep 2009 00:13:22 +0000

Mozart, I truly enjoy your posts. They remind me of that no bull agent who advertises all over the place. You must be selling a lot of houses with your rhetoric.

By: pemeliza

pemeliza — Sat, 12 Sep 2009 22:48:20 +0000

“This fall/winter will be the ultimate opportunity to pick-up some great real estate if you have the cash or balls to step up”

Where? There is virtually nothing for sale.

By: tj and the bear

tj and the bear — Sat, 12 Sep 2009 20:14:34 +0000

Duly noted, Mozart.

By: Mozart

Mozart — Sat, 12 Sep 2009 20:06:16 +0000

I have seen a huge increase in only the last 2 weeks for interest in all types of business. The cash is coming off of the sidelines. Permabears can keep up their same old, pessimistic grumblings. They think anyone who is buying is an idiot and nothing will change their minds. Look at that interest rate above. Look at the scarcity of inventory.

Now here is my prediction; a mixed-bag of bad news and good economic news over the next 4 months, (bad retail for Christmas, more sad human interest stories that make for a good headline, stock market dropping in October then recovering). In February things take-off like a rocket. This fall/winter will be the ultimate opportunity to pick-up some great real estate if you have the cash or balls to step up.