tag:blogger.com,1999:blog-8529580665294663953.post7288534608291414894..comments2023-10-27T04:26:57.609-07:00Comments on InvestorCentric: Professor Mulligan: A Housing Recovery Is InevitableNuWire Investorhttp://www.blogger.com/profile/02512928198926080436noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8529580665294663953.post-24712147889273005372009-08-01T16:58:05.888-07:002009-08-01T16:58:05.888-07:00I hope she said more than what was written in this...I hope she said more than what was written in this article becasue anyone who has taken economics 101 could have said the same thing about any industry.<br /><br />One thing that was not mentioned is the fact that there was a lot of demand in the past by investors that simply will no longer be there for legal reasons.jayhttp://www.edisonaccounting.comnoreply@blogger.comtag:blogger.com,1999:blog-8529580665294663953.post-87738522918010727682009-07-31T14:35:00.137-07:002009-07-31T14:35:00.137-07:00In California alone:
a total of 22,291 foreclosur...In California alone: <br />a total of 22,291 foreclosures were taken to sale at auction in June; <br /><br />there were 45,691 Notices of Default (the first step in the foreclosure process); <br />there were 29,853 Notices of Trustee Sale(the second step), which sets the time and place of auction; <br /><br />but postponements can delay a Trustee Sale for up to 12 months; once delay tactics are exhausted the foreclosure date and time are reset and considered pending (meaning there are no more steps) there were 113,141 pending foreclosures in June. These are properties where the homeowner will be gone soon. <br /><br />These numbers dwarf the new home starts. True,we are seeing some improvement but there we still have a long way to go.<br /><br />http://bank-o-meter.com/bank-o-meter/component/content/article/1-latest-news/198-great-news-massive-macker-off-the-california-coastSinclair Noehttps://www.blogger.com/profile/00381786629606963856noreply@blogger.comtag:blogger.com,1999:blog-8529580665294663953.post-63675970979416029042009-07-31T12:09:35.369-07:002009-07-31T12:09:35.369-07:00"Mulligan says that basic laws of supply and ..."Mulligan says that basic laws of supply and demand pretty much made a recovery an inevitability. For instance, the U.S. population has continued to grow. At the same time, homebuilders during the housing slump basically stopped building new homes. This leads to an increased demand. Sure enough, housing starts have finally begun to rise again."<br /><br />What? There's a lot of 'pretty much' and 'basically' in this article. Homebuilders halted on homes because no one was buying. There isn't an increased demand; we have a 9-10 momth surplus of vacant homes (this doesn't include the shadow inventory the banks are holding onto) Housing starts are rising because of the many incentives (the tax credit for one) and because of seasonal activity. But the light is still far away in this tunnel. www.accuriz.comAnonymousnoreply@blogger.com