Can-kicking got us where we are today. Nothing will clear this housing market on a national basis better than foreclosures, short sales, and DIL’s. Yes, over the near term it may be more painful but it will shorten this housing downturn from a Japan-like 17 years to make 12 if we are lucky.

Mark

His theory may work in a world where there are a few foreclosures here and there….but in this crisis of one in every four (at least here in Flori-duh) homes are in default and facing foreclosure, his theory goes out the window. As was mentioned in Detroit (boy, do I feel bad for those people) where there are really city blocks and blocks of blighted housing – that was not caused by a “few” foreclosures and probably 90% of them were illegal to begin with. I’ve been in the same business as this Mark Hanson for over 42 years – seen the worst of times and the best of times. There has never (and I say never because I was not around during the Great Depression) been in my lifetime of 60 years a more devastating drain of the wealth of this country! I’ve made a moderate income for myself over the years until 2006; never went down that “greedy” trail like some of those during the bubble years. In 2005 I was warning everybody in my office of a coming pitfall; warning against those phooey programs to the point that I was asked to move my office to my home as my attitude was tooooo pessimistic!! Imagine that…..well, now….although I have to admit that I never thought it would be the magnitude that it has become. Now, I’ve learned the real truth to it’s beginnings and earned the nickname “Political Junkie” in trying to open the eyes of others. Still in the same business (ah, but part time now) which I can say is more than those whom I worked with in the past. Just praying that soon God will intervene and open the eyes of the unbelievers. I still have my FAITH and still fighting the fight!

Sad.

If you get a chance – read the Zero Hedge story on the January retail sales report (tanked = I think to lowest level e-v-e-r) despite the bullcrap our government is reporting. Zero Hedge is offering $10,000 to an employee from the BLS, etc. to divulge how they come up with their contrary numbers which tell the public everything is peachy.

Election year – Our marshall law president is going to do whatever he and his administration can to stay in power until he is fully seated as dictator. What a horrendous bunch of lie-spewing happening —

I’m looking at a price listing of completed sales from a local Realtor and the list price is either lower than the purchase price or just at it. Time to ‘sell’ is zero days. RIGHT. Smells like a credit bid foreclosure to me.

So, yeah, I can see how they can claim the REPOS are INCREASING house prices, using their crooked ‘credit bids’.