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A bullish tidbit

Started by jason10006
over 14 years ago
Posts: 5257
Member since: Jan 2009
Discussion about
From my Nasdaq weekly email: "Foreign born buyers purchased $82 billion of U.S. homes over the past year; a 24% increase" I assume they mean YOY. I assume its from this BN story. http://www.bloomberg.com/news/2011-05-18/u-s-home-purchases-by-internationals-rose-24-in-past-year-as-prices-fell.html
Response by pulaski
over 14 years ago
Posts: 824
Member since: Mar 2009

In other news:

"Time To Celebrate The Recovery: Food Stamp Usage Hits Fresh Record"

"That average monthly benefit of $133.24 for 44.199 million people will help with the purchase of one third of a very edible iPad."

http://www.zerohedge.com/article/time-celebrate-recovery-food-stamp-usage-hits-fresh-record

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Response by stevejhx
over 14 years ago
Posts: 12656
Member since: Feb 2008

Must have been the Irish carpenter again.

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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008

They all look japanese to me.

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Response by w67thstreet
over 14 years ago
Posts: 9003
Member since: Dec 2008

I hear Greeks are buying in Astoria. Safer than stockpiling hummus, or is it?, riversider?

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Response by jason10006
over 14 years ago
Posts: 5257
Member since: Jan 2009

Well pulaski, I have to share bullish RE news when I see it, even if I am a perma-bear! I am not Fox News, you know! I see the other side occasionally!

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Response by inonada
over 14 years ago
Posts: 7952
Member since: Oct 2008

The idiocy seems endless.

"Foreign-born buyers took advantage of falling property prices to purchase $82 billion of U.S. homes over the past year, a 24 percent increase, according to a report by the National Association of Realtors."

OK, so they went from $66 billion to $82 billion for a net increase of $16 billion for all "foreign-born buyers" whatever their definition.

"About half of the sales were to immigrants who moved to the U.S. within the past two years and people with visas, whose purchases rose to $41 billion from $25 billion. International investors accounted for the other half."

OK, so immigrants went from $25 billion to $41 billion: an increase of $16 billion. So, that means international investors remained flat at $41 billion.

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Response by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009

nice catch inonada...

So, if declining dollar gets you FLAT, how bad is it going to be with a dollar bounce?

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Response by bgrfrank
over 14 years ago
Posts: 183
Member since: Apr 2010

http://life.globaltimes.cn/life/2011-06/661408.html
Teenager sells kidney for ipad2

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Response by huntersburg
over 14 years ago
Posts: 11329
Member since: Nov 2010

>even if I am a perma-bear!

What kind of asshole is a "perma-bear" or perma-anything for that matter. Things to Jason are always bad? Nothing will ever be good? Ever? No matter what?
You and columbiacounty would make a great couple.

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