NEWS: The housing market and economy are on the UPSWING

I want to be bullish, but $125 oil prices put a damper on any optimism I may feel.

In Europe people pay between $8.23 and $9.36 per US Gallon for Petrol (or Gas as you call it it the US). IN the US you pay $3.84 and you complain that the world is about to end, you think about selling your gas guzzling SUVs and reducing visits to see friends because they live a few miles away.

Inflation adjusted $125 is cheaper than many historical prices from say the 70's

This link shows details for Belgium, France, Italy, Germany, Netherlands, UK and US
http://www.eia.doe.gov/emeu/international/gas1.html which is the Weekly Retail Premium Gasoline Prices (Including Taxes) in U.S. Dollars per Gallon weekly since 1996.

8,185 listings not in contract in Manhattan as of this morning.

50% more than on December 31.

paul10003 - if you see what I see in the field, you will realize how wrong you are.

urban, it's not worth fighting anymore with these people who think rising inventories = rising demand = rising prices, but I did think paul10003's comment was sarcastic. Maybe not, though...

Like JuiceMan, who claims that prices have to fall just 10% and rents have to rise "a little bit" for imputed rent to equal market rent, but when confronted with the formula the Fed uses to calculated imputed rent, he gave up the fight and blamed it on me: rents are falling, and property prices will have to fall even more to catch up with them.

Or joepa, who has to take my comments out of context to try to prove that I said the correction was "halfway there": not!

Or vverain, who can't even get the commutative property of addition right.

Or eastvillager, who claims that corporate income is limited by GDP growth, when it's the other way around.

Or westelle, who calls me a Communist. OMG!

Hey, this post was a joke, actually, Paul10003 posted the exact same post (consecutively) but with a downswing. He was illustrating how stupid all of the arguments are on here. Actually taking one of them seriously somewhat further illustrates his point, although taken out of context (without the other), it is easy to see how it might be hard to get.

ahhh....didnt see the others.

dmag, why are you trying to kill my fun?

No.

http://www.streeteasy.com/nyc/talk/discussion/3649-news-the-housing-market-and-economy-are-on-the-downswing

i love nespresso espresso machines. they're so friggin convenient.