No, Oprah hasn't done a show on the housing crisis. But when will she? My thoughts behind this are simple; many of the REIC blame the 'NEWS' for housings' woes. Now... what could up the tempo of the News? I think talk shows could change J6P's mind more than anything else.
Now... maybe I should say 'Joe six Pack' but rather 'Jane six Pack.' For whom really pushes the purchase decision? I believe it is the wife. So if we do start seeing episodes on the talk shoes on the sadness of the housing crisis... expect a big shift. The pressure to buy would... evaporate in but a few episodes.
Personally, I think its only a matter of when, not if, Oprah has a foreclosure show. However, the real impact will be when its time for a week long special on housing on Oprah. (Let's face it, she appeals to a HUGE demographic.) However, I'm bearish enough to expect this 'week long special' to occur quarterly. :(
Any predictions on when this will happen? I think spring of 2009.
Got popcorn?
Neil
Showing posts with label news. Show all posts
Showing posts with label news. Show all posts
Tuesday, December 18, 2007
Tuesday, November 06, 2007
News always worst at the bottom
Just a thought, the news in the papers is pretty upbeat. Its not doom and gloom. Very little space is devoted to layoffs.
Bearmasters nice articles in three parts
Take some time to read those above headlines and recall, the news is always the worst at the bottom.
We've just begun the slide.
Got popcorn?
Neil
Bearmasters nice articles in three parts
Take some time to read those above headlines and recall, the news is always the worst at the bottom.
We've just begun the slide.
Got popcorn?
Neil
Thursday, September 13, 2007
Hovnanian home sale this weekend
http://tinyurl.com/2ua5ye
or piece together:
http://money.cnn.com/2007/09/13/
real_estate/hovnian_discounts.ap/
index.htm?postversion=2007091317
These discounts are pretty impressive. (Not that I'm tempted). Any bets on how many they sell? I'm guessing a nice round 100 units.
My favorite quote from the article: "Skea said the sale would not be repeated, but an industry observer was not so certain."
As much as it is cheesy marketing tactics, do understand builders have to try to survive. If this marketing helps... so be it. I'm tired of trying to warn the sheeple; just good luck finding enough who qualify for the mortgage! ;)
This is just more knife catching.
Read this article (hat tip Sacramento landing):
http://www.usatoday.com/money/economy/housing/2007-09-12-affordability_N.htm
Or http://tinyurl.com/2mzprw
Look at the last table. Of the New Jersey/New York/Long Island home owners 21% are paying over 50% of income towards their housing. That is unsustainable.
Then look at the bay area at 23% and LA at 24%. Look at how much money the central banks are pouring into the banks (per below $383 Billion in August, an unprecedented amount).
http://www.minyanville.com/articles/
banks-chavez-cents-risk-debt-credit/index/a/14089
or
http://tinyurl.com/2rvdsp
Upping Freddie and Fannie's limits just will not do much. Foreign banks/hedge funds/governments are going to want reasonable security in their investments. We could make it bad enough that the GSE's cannot sell bonds... Oh wait... now when was Fannie's last Auction... Hmmmm...
And I'm sure J6P is happy oil is now over $80/bbl. Good grief! How are the airlines (an industry I love to follow) going to survive? Sigh... :(
http://biz.yahoo.com/ap/070913/oil_prices.html?.v=23
Got popcorn?
Neil
or piece together:
http://money.cnn.com/2007/09/13/
real_estate/hovnian_discounts.ap/
index.htm?postversion=2007091317
These discounts are pretty impressive. (Not that I'm tempted). Any bets on how many they sell? I'm guessing a nice round 100 units.
My favorite quote from the article: "Skea said the sale would not be repeated, but an industry observer was not so certain."
As much as it is cheesy marketing tactics, do understand builders have to try to survive. If this marketing helps... so be it. I'm tired of trying to warn the sheeple; just good luck finding enough who qualify for the mortgage! ;)
This is just more knife catching.
Read this article (hat tip Sacramento landing):
http://www.usatoday.com/money/economy/housing/2007-09-12-affordability_N.htm
Or http://tinyurl.com/2mzprw
Look at the last table. Of the New Jersey/New York/Long Island home owners 21% are paying over 50% of income towards their housing. That is unsustainable.
Then look at the bay area at 23% and LA at 24%. Look at how much money the central banks are pouring into the banks (per below $383 Billion in August, an unprecedented amount).
http://www.minyanville.com/articles/
banks-chavez-cents-risk-debt-credit/index/a/14089
or
http://tinyurl.com/2rvdsp
Upping Freddie and Fannie's limits just will not do much. Foreign banks/hedge funds/governments are going to want reasonable security in their investments. We could make it bad enough that the GSE's cannot sell bonds... Oh wait... now when was Fannie's last Auction... Hmmmm...
And I'm sure J6P is happy oil is now over $80/bbl. Good grief! How are the airlines (an industry I love to follow) going to survive? Sigh... :(
http://biz.yahoo.com/ap/070913/oil_prices.html?.v=23
Got popcorn?
Neil
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