Idiots! Freakin Stupid!!!

So I’m a little steamed right now...

I just read and posted the Article where Obama said the recession will last many more months…but that’s not why I’m upset. That’s just obvious...things aren’t getting better anytime soon.

The reason why I’m pissed is because of what The Federal reserve is doing! They are looking to spend 12.2 Trillion Dollars to bail out banks and financial sectors!!!

Before I go into why this is so stupid, let me explain to you the difference between a million, a billion, and a trillion causes I don’t think people really understand!

Let’s look at this in reference to time…

If you had a million seconds it would add up to about 11 days!

If you had a billion seconds it would be approximately 32 years!!

If you had a trillion seconds it would be approximately 32,000 years!!!

Huge Huge Differences!

Ok now, let’s look at these numbers again, 12.2 Trillion dollars to financial institutions. Like the article said, this plan is short sided because the consumer, you and I equal 70% of the gross domestic product sold in the United States. We buy 70% of everything sold! Therefore the reason for this terrible economy is consumers stopped buying stuff and are cutting back, therefore companies and corporations have to cut back, lay off workers, ect.

So with this being said, how is 12.2 trillion dollars to our financial institutions going to help anything? It’s not! That’s why I’m so freaking pissed! 12.2 Trillion dollars is more than the entire United States real estate sales and crude oil sales. The entire travel industry is about an 8 trillion dollar industry!

If the fed was to take that same 12.2 Trillion dollars and divide it up evenly between every person in the USA, each person would get approximately $40,000!

12.2 Trillion Divided by approximately 305 million people equals about $40,000 per person! That would be a stimulus package!

Obviously the Fed would never do that, but they will give the money to banks and corporations who foolish lent and spend money! Hmmm…interesting

I don’t know about you but I see a HUGE FREAKING problem with that!

Another Prediction

7/17

Hey Everyone,

I just read and posted another article about us finally hitting the bottom of the market. I find it very interesting how so many people continue to predict what they think the market is doing, and what it will do!

Personally, I don’t like to make predictions I just like to look at the facts. I hope the bottom is near but I’m not so sure!  A few days ago I posted an article that stated US banks are holding on to a large inventory of foreclosed homes! There is an estimated 600,000 homes that have already been foreclosed on and that are sitting vacant all throughout the US. For whatever reason the banks are holding off on letting the homes back into the real estate market! It is speculated that this is in large part because banks are waiting to find out more info on what the government is doing with the bail out money!

They did state in the article that they estimate 80,000 of the 600,000 homes are in California alone! I heard a figure of 40,000 from several realtors in the valley. Not really sure if it has been made public but either way we are still a long ways from having a stable market!

What does this mean? Well sellers are going to continue to struggle and anyone with cash is going to have a field day and make a shit load of money! Excuse my French but that is the truth, if you have money, start buying the foreclosed homes when they start hitting the market!

If you want to find out how to do that, call me ;)

LOL what else would you expect me to say!

Median Home Prices

This figure is unofficial but I remember reading back in 2006 that the average home price in the Phoenix metro area was around the $260,000.

Phoenix is the 5th largest city in the USA, and at that time still had the lowest median home price. Places like L.A. and New York were $500,000 to a $1,000,000. Significantly higher. (Not researched statistics, just remembered)

If you check out the news and info section, you will find an article in there that states the median house price for Phoenix June of 2009 is $119,000!

That’s a huge drop! But more importantly that most definitely made us one the most, if not the most affordable city in the USA in reference to the top 10 largest cities!

Just running the numbers, that a $141,000 decrease in price over a 2 1/2 year period, or a 54% decrease in price! Wow!

Let’s start buying everything we can! It’s a 50% off sale!