Not to hate on people's futures, but...

[Ilyas]

http://www.salon.com/news/us_economy/index.html?story=/tech/htww/2010/08/24/existing_home_sales_disaster_lesson

[Wajahat Gilani]

Now that the tax credits have expired it should bottom out in the next 2 quarters...in the areas surrounding nyc

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From: Ilyas <andal...@gmail.com>
To: Market Musings <market-...@googlegroups.com>
Sent: Tue, August 24, 2010 3:01:06 PM
Subject: Not to hate on people's futures, but...

http://www.salon.com/news/us_economy/index.html?story=/tech/htww/2010/08/24/existing_home_sales_disaster_lesson

[Ilyas]

Even with 12.5 months inventory?

http://www.salon.com/news/us_economy/index.html?story=/tech/htww/2010/08/24/existing_home_sales_dis...

[Wajahat Gilani]

Alex, the 12.5 is the national rate, I'm trying to get NY area one, when I do I'll post it.  But talking to some local real estate investors, they cite in our area, a) its cheaper to buy a house than bid on one in an auction (tax credits) and short sales have become extremely hard to find.  of course that's not the case in other parts of the country.

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From: Ilyas <andal...@gmail.com>
To: market-...@googlegroups.com
Sent: Tue, August 24, 2010 3:12:37 PM
Subject: Re: Not to hate on people's futures, but...

[Wajahat Gilani]

Other realtors I've talked to said give it a year, for our area, but only buy if you are going long-term, i.e. its better to rent a one bedroom right now than to buy one.

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From: Wajahat Gilani <wajg...@yahoo.com>
To: market-...@googlegroups.com
Sent: Tue, August 24, 2010 3:35:30 PM

Subject: Re: Not to hate on people's futures, but...

[Sami Shaban]

Hilarious:

http://www.huffingtonpost.com/2010/08/23/stewart-fox-prince-alwaleed_n_692234.html

[Wajahat Gilani]

Happy Dow-Is-Finally-Under-10000 day.  hopefully it'll hover below that for a while

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From: Sami Shaban <ssh...@gmail.com>
To: "market-...@googlegroups.com" <market-...@googlegroups.com>
Cc: "market-...@googlegroups.com" <market-...@googlegroups.com>
Sent: Wed, August 25, 2010 11:01:02 AM

[Ilyas]

http://www.nytimes.com/2010/08/23/business/economy/23decline.html?_r=1&scp=1&sq=real%20estate's%20gold%20rush&st=cse


"...economists say, housing values will only keep up with inflation. A
home will return the money an owner puts in each month, but will not
multiply the investment.

Dean Baker, co-director of the Center for Economic and Policy
Research, estimates that it will take 20 years to recoup the $6
trillion of housing wealth that has been lost since 2005. After
adjusting for inflation, values will never catch up.

“People shouldn’t look at a home as a way to make money because it
won’t,” Mr. Baker said."

On Aug 25, 12:56 pm, Wajahat Gilani <wajgil...@yahoo.com> wrote:
> Happy Dow-Is-Finally-Under-10000 day.  hopefully it'll hover below that for a
> while
>
> ________________________________

> From: Sami Shaban <ssha...@gmail.com>

> To: "market-...@googlegroups.com" <market-...@googlegroups.com>
> Cc: "market-...@googlegroups.com" <market-...@googlegroups.com>
> Sent: Wed, August 25, 2010 11:01:02 AM
> Subject: Re: Not to hate on people's futures, but...
>
> Hilarious:
>

> http://www.huffingtonpost.com/2010/08/23/stewart-fox-prince-alwaleed_...

>
> On Aug 24, 2010, at 3:42 PM, Wajahat Gilani <wajgil...@yahoo.com> wrote:
>
> Other realtors I've talked to said give it a year, for our area, but only buy if
> you are going long-term, i.e. its better to rent a one bedroom right now than to
> buy one.
>
> ________________________________

> From: Wajahat Gilani <wajgil...@yahoo.com>

>
>
>
> >To: market-...@googlegroups.com
> >Sent: Tue, August 24, 2010 3:35:30 PM
> >Subject: Re: Not to hate on people's futures, but...
>
> >Alex, the 12.5 is the national rate, I'm trying to get NY area one, when I do
> >I'll post it.  But talking to some local real estate investors, they cite in our
> >area, a) its cheaper to buy a house than bid on one in an auction (tax credits)
> >and short sales have become extremely hard to find.  of course that's not the
> >case in other parts of the country.
>
> ________________________________

> From: Ilyas <andaluc...@gmail.com>

>
>
>
> >To: market-...@googlegroups.com
> >Sent: Tue, August 24, 2010 3:12:37 PM
> >Subject: Re: Not to hate on people's futures, but...
>
> >Even with 12.5 months inventory?

> >On Aug 24, 2010 3:11 PM, "Wajahat Gilani" <wajgil...@yahoo.com> wrote:
>
> >>Now that the tax credits have expired it should bottom out in the next 2
> >>quarters...in the areas surrounding nyc
>
> ________________________________

> From: Ilyas <andaluc...@gmail.com>

>
>
>
> >>To: Market Musings <market-...@googlegroups.com>
> >>Sent: Tue, August 24, 2010 3:01:06 PM
> >>Subject: Not to hate on people's futures, but...
>

> >>http://www.salon.com/news/us_economy/index.html?story=/tech/htww/2010......- Hide quoted text -
>
> - Show quoted text -- Hide quoted text -
>
> - Show quoted text -- Hide quoted text -
>
> - Show quoted text -

[Wajahat Gilani]

I think a lot of homeowners would very happy with that outcome

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From: Ilyas <andal...@gmail.com>
To: Market Musings <market-...@googlegroups.com>
Sent: Wed, August 25, 2010 1:18:35 PM

[itali...@gmail.com]

You pinko commie with these links to the times! 

-- Sent from my Palm Pre

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