New York Fed Buys Building Housing Plunge Protection Team

An oldie but goodie on the Plunge Protection Team.

http://www.zerohedge.com/news/new-york-fed-buys-building-housing-plunge-protection-team

America's Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless

http://www.zerohedge.com/news/2015-04-06/americas-poor-spend-60-their-income-food-housing-proving-cpi-meaningless

For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in an era with low overall inflation—low-income Americans spend a disproportionate share of their money on food and housing.

New data from the Labor Department show the extent of the discrepancy. The bottom 10% of Americans, by income, devote 42% of their spending to housing and an additional 17% to food–nearly 60% of their total spending, according to the Consumer Expenditures Survey. By contrast, the wealthiest 10% of Americans dedicate only 31% of their spending to housing and 11% to food–closer to 40% of total spending…

The Cruel Injustice of the Fed's Bubbles in Housing

http://charleshughsmith.blogspot.com/2014/11/the-cruel-injustice-of-feds-bubbles-in.html

Federal Reserve chair Janet Yellen recently treated the nation to an astonishing lecture on the solution to rising wealth inequality--according to Yellen, low-income households should save capital and buy assets such as stocks and housing.

It's difficult to know which is more insulting: her oily sanctimony or her callous disregard for facts. What Yellen and the rest of the Fed Mafia have done is inflate bubbles in credit and assets that have made housing unaffordable to all but the wealthiest households.

Fed policy has been especially destructive to young households: not only is it difficult to save capital when your income is declining in real terms, housing has soared out of reach as the direct consequence of Fed policies.

What San Francisco Housing Reveals About The Fourth Global Liquidity Bubble

http://www.zerohedge.com/news/2014-07-29/what-san-francisco-housing-reveals-about-fourth-global-liquidity-bubble

NAR Finally Admits Rising Rates Crippling Housing

Real estate bubble 2.0 is about to burst.

http://www.zerohedge.com/news/2013-08-28/nar-finally-admits-rising-rates-crippling-housing

The Housing Bubble Goes Mainstream

Here we go again...

http://www.zerohedge.com/news/2013-06-04/housing-bubble-goes-mainstream

Is 11% This Election's Most Important Number... And If Not, Why Isn't It?

Home values are the single biggest determinant in defining the average American household's net worth.  And the housing industry is still bumping along its bottoms.  Yet, the topic is curiously avoided by both presidential campaigns.  Call it bipartisan denial.

http://www.zerohedge.com/news/11-elections-most-important-number-and-if-not-why-isnt-it

Lawrence Summers: To fix the economy, fix the housing market

This is a re-post of why this country's economy and why the global banking system will collapse.  With leadership like this, who needs enemies? 

http://blogs.reuters.com/lawrencesummers/2011/10/24/to-fix-the-economy-fix-the-housing-market/

The central irony of financial crisis is that while it is caused by too much confidence, too much borrowing and lending and too much spending, it can only be resolved with more confidence, more borrowing and lending, and more spending.

Dreaded Double-Dip Is Here

http://usawatchdog.com/double-dip-in-housing-is-here/#more-4830

A Renewed Crackdown on Redlining

Housing Bust 2.0 here we come.  Thanks to Dick again for finding this gem. 

http://www.businessweek.com/magazine/content/11_20/b4228031594062.htm

Housing Market Slips Into Depression Territory

http://www.cnbc.com/id/41019790

Home values have fallen 26 percent since their peak in June 2006, worse than the 25.9-percent decline seen during the Depression years between 1928 and 1933, Zillow reported.

November marked the 53^rd consecutive month (4 ½ years) that home values have fallen.

What’s worse, it’s not over yet: Home values are expected to continue to slide as inventories pile up, and likely won't recover until the job market improves.

Roubini: "It's Pretty Clear The Housing Market Has Already Double Dipped"

http://www.zerohedge.com/article/roubini-its-pretty-clear-housing-market-has-already-double-dipped

John Paulson: double digit inflation coming

http://blogs.forbes.com/robertlenzner/2010/09/27/john-paulson-sell-bonds-buy-stocks-double-digit-inflation-coming/

Multibillionaire hedge fund operator John Paulson, the investment genius who made a killing going short subprime mortgages a few years ago, told a standing room only crowd at New York’s University Club that double-digit inflation is about to rear its ugly head by 2012, killing the bond market, and restoring strength to equities and gold.

His crystal ball is for 2% GDP growth for 2011 and 2012 and he warns that the Fed’s promise of quantitative easing should contribute to double-digit inflation over the next few years.

As this is the best time in 50 years to buy homes, Paulson advised his listeners, crowded into 3 separate dining rooms, to issue 30 year mortgages to buy a home as “your debt and interest payments get locked in at record lows, while the price of your home will rise.”

See disclaimers in the side bar. The opinions in this article are not necessarily representative of mine, and should not be construed as investment advice. Perform your own due diligence.

Michael Burry on markets, real estate, farmland and gold

http://www.zerohedge.com/article/michael-burry-long-farmable-land-and-agrees-paulson-gold-not-other-recovery-themes