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This Might Be The 'End Game' For Falling Home Prices - My answer to the 'Expert' on the Video a friend sent!

Pastor Bob

March 10, 2012

In my ever so humble opinion, I don't see the Housing Market coming back in the near (5 years), or middle future (10 years).

1. There is NO job creation, so people have no jobs in which to support a mortgage payment & there is NO job creation plans for the future, as the "Manufacturing" jobs have been shipped elsewhere & are staying there. The "Agricultural" jobs are either Big business (Archer Daniels Midland, Monsanto, etc. with Illegal Mexican laborers) So all we have left is the "Service" Industry. America is Toast!

2. The "TRUE" estimate I heard is that there are really 60 MILLION foreclosures, BUT the Banks are holding off foreclosing so as not to flood the Market any more then it is & drive prices down further.

3. All the Banks are really in Bankruptcy & should all be closed (Over 10% foreclosures & defaults on loans is BK for the Banks in the Fractional Reserve Banking SCAM system.)

4. The Banks are not loaning money ( Except Gold Credit & large D.P.), as they don't have any & they get 0% loans from the FED, "IF" they buy our U.S. Bond Debt & then they get 5% GUARANTEED return.

5. 60 Million people will have Bad Credit & won't qualify anyway to buy a House. Also, they have no Equity anymore. Also, they have little if any in savings.

6. The Stock Markets & Mutual Funds are WAAAY overpriced & is being, "Artificially Propped Up" by the Government with the "Plunger Teams"! The Companies have NO earnings! The Dow should be at 3,000 in Value, not 12,907 Today!?!?!?

7. Also, the Government NEEDS money to pay the "Interest on the Debt" since Obongo took the Debt from $7 TRILLION to almost $15.5 TRILLION & wants to take it to $25 TRILLION. That means MORE TAXES, so less to spend on a House, D.P. & Mortgage. http://usdebtclock.org/

8. They are getting ready to RAID all the Pension Plans, IRA's, 401K's, etc. & tell everybody they needed to do that to "Save Social Security" & they will "Merge" your plan into it & "Promise" they will take care of you in the future!

9. I could go on, but I am sure you get the point. I don't see any signs of a Bright Future for the Real Estate Market as a whole. "Hyper Inflation" will eventually come & the LYING politicians will say "House Prices are Recovering", but that is just another government SCAM.

I recommend for Real Estate, buying low & selling quickly, flipping & not holding any at all. Get as much money offshore as possible, in several Countries.

May God Bless us,

Pastor Bob twoseedlinemessage@yahoo.com

ROBERT SHILLER: This Might Be The 'End Game' For Falling Home Prices

Sam Ro | Mar. 7, 2012, 5:38 PM

CNBC TV

Anyone who follows Robert Shiller closely knows that it's hard to get him to commit to calling a bottom in the housing market, which continues to see prices fall.

"I just don't see any scientific way to be assured what it's going to do," he told CNBC in an interview today. This is coming from the same economist who predicted the housing bubble in the second edition of his book Irrational Exuberance.

However, his tone seems to have turned a bit more optimistic.

"It could turn around," Shiller told CNBC's Brian Sullivan. "We're seeing some good news now. Starts, permits, confidence, the NAHB housing index is strikingly up. It's still low, but it's up."

CNBC's Mandy Drury pursued the matter further: "Where is the endgame, Robert?"

"Well, in terms of housing, we might be at the end game," Shiller responded. "Home prices are back to a normal level. They could just stay here, and that would be all right, right?

"Housing is very affordable, interest rates are down, prices are down to kind of a normal level. They haven't overshot normal. So maybe in terms of housing, this it it. This is it."

"Did you just say this may be the bottom?" asked Sullivan.

"It might be, yeah," answered Shiller. "Things can turn quickly and sharply. It's too soon to tell."

So, he's willing to admit that it might be a bottom. But still, he's reluctant to commit.

Here's the video from CNBC.com

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