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#1
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Rise in US home sales reflects steady improvement
WASHINGTON—Americans bought more homes in July than in June, the latest evidence that the housing market is slowly, but steadily, improving. Sales of previously occupied homes rose to a seasonally adjusted annual rate of 4.47 million in July, a 2.3 percent increase from the previous month's rate, the National Association of Realtors said Wednesday. The industry's recovery has grown more consistent, though it remains sluggish and uneven. July sales were below the 4.6 million annual pace reached in April and May. And the annual sales pace is below the roughly 5.5 million that economists consider healthy. Still, sales have increased 10.4 percent compared with a year ago.... The article presents an improving view of both housing and the broader economy.
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#2
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Good example of the slowest recession recovery since WWII.
Reminds me of the other day when I took off from a small airport with trees on both ends of the runway. I had picked up a passenger, it was a hot day, yadda-yadda. I got off the runway and over the trees, but she was BARELY climbing. I was gaining altitude and was safe, but would have felt more confident if I were gaining altitude at a better rate. That's how our economy is doing. A FEW indicators are showing promise, but we are still with a significant net job loss and HUGE amount of extra debt. We will be skimming along the top of those trees gaining hardly any altitude until such time we get B.O.'s hands to release the choke hold that his socialism has around our necks.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#3
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Good that the recovery is slow. And happy that the foreclosure machine to kick bums out of their unpaid homes is grinding into action again after two years. Should be a good year for me. CHEERS!
Zero sympathy for people who bought for an annual payment of 1.5x what the same property would rent for, at the height of the Bubble. Stupid is as stupid does. |
#4
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Or it could be for the same reason as spdrun says. I put a couple of bids in on houses that sold for 115-125k in 2007(when they were built). Looks like I can get the pair for less than $50k.
Slum lord here I come. Ps both are already rented at $550 a month.
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86 300SDL. 250,xxx on #14 Head. One eye always on temp gauge.. Cruising towards 300K |
#5
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Quote:
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC] ..I also have a 427 Cobra replica with an aluminum chassis. |
#6
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Just pragmatic. If I can live off the stupid's mistakes and provide for myself and family without being anyone's b*tch, then so be it. I couldn't give two turds about your opinion of my "attitude." Maybe if you were my boss or my gf, I'd actually care. Till then, see you at the REO auction...
Last edited by spdrun; 08-22-2012 at 11:40 PM. |
#7
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I'm guessing he doesn't even own his own place, let alone rentals.
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
#8
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Hmm, if this is such a strong indicator of a growing economy, I wonder why it was in the news yesterday that we will HAVE to have another stimulus package or we will slip into a recession. More accurately, to hear the MSM people say it, if we don't get another stimulus package we will all die immediately.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#9
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Quote:
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000 https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif |
#10
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I think it shows that despite the devastation brought about the Bush administration's negligence, that the economy is slowly recovering and the worst is probably behind us. Amazing how long it is taking to repair the damage the Republican administration did. It speaks to their skills. Plus a recovering economy will support the Democratic ticket, across the nation. Yeah. |
#11
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Remember, Safety Third! '99 E300 Turbodiesel, '82 300TD, 1996 12V Cummins Turbo, '94 Neoplan - Detroit 6V92TA |
#12
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Despite some people trying to make an unpolitical market, political....
Anyway certain areas seem to be improving. The economy is improving and has been for awhile now, it will be a few more years but things are moving in the right direction.
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200 |
#13
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A&R, watch that altitude density!
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#14
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You mean Density Altitude(DA)? No problem, the triple digit heat is pretty much over with. Of course, the real DA problem will be November 3.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution |
#15
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It's ok to be wrong. . I don't hold it against you.
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Bookmarks |
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