Comments on: New home sales rise for first time in 6 months

By: Jeremy

Jeremy — Wed, 28 May 2008 14:35:39 +0000

Morgan – it is good that you continue the fight. Keep on truckin'!

By: morganb

morganb — Wed, 28 May 2008 14:16:05 +0000

Amen and well said Jeremy – thanks for the comment.

By: Jeremy

Jeremy — Wed, 28 May 2008 14:08:17 +0000

I have not posted in a long time, nor have I visited sites such as this in a long time. Morgan – I have never felt that you were negative – you just call it as you see it. However, I have come to the realization that people need to stop crying about how bad it is and asking for help if all they are going to do is find the negative side or “spin” to any and all reports. Example – home sales only being up by 20 units although inventories are still high. Well, they are still up? Would you rather it fell by 20?
The fact is that there are many people, government and corporate, that find it necessary to keep our society in a state of fear. Bombs are coming! Terrorists are coming! You are going to lose your house, job, savings, car, golf clubs, Nintendo Wii, etc! Go buy 7 tons of rice today because the world is going to end soon!

The fact of the matter is that we all need to JUST LIVE RESPONSIBLY!!! Be smart with your money, work hard at your job, always stay vigilant of your surroundings (big, big difference bewteen vigilance and fear). Don't ride the highs too far, and don't jump off a cliff when the lows get tough.
I have had more than enough of the news. Everything is bad and life sucks is the only message that ever gets out. I for one have refrained from watching local, state, and national news of traditional sorts. I now only seek education on the things that can help my family grow and help me be good at my career (no longer related to mortgage in any way). I am not saying that I am right and everyone else is wrong – I am just stating my opinion.
I refuse to have my fortunes dictated by people who could care less if I stopped breathing right at this second.

Negativity is like a fungus – it grows in dark, nasty places that require very little light or care. However, positivity is like a Rose. It needs clean water, just the right amount of sunlight, fresh soil, and TLC.

Fear is easy, but faith is hard.

By: morganb

morganb — Wed, 28 May 2008 12:53:05 +0000

great point - i was trying to do two things:

1. throw the folks that say i'm too negative all the time a bone
2. show that the even with the increase (which you point to is even more of
a mirage) is truly not a positive compared with the drop in march and
year-over-year activity.

thanks for keeping me/us honest!

By: MisterDetails

MisterDetails — Wed, 28 May 2008 09:54:33 +0000

They weren't “up” at all. Take a look at the release. The 3.3% monthly “increase” is WAY inside the margin of error. Don't fall for this junk.

By: morganb

morganb — Wed, 28 May 2008 02:22:04 +0000

yes we are in for a world of hurt ann when we get to the i/o neg am loan
reset wave – it will be more painful than the 2/28 resets. maybe the
government will have bailed out all the option arm holders by then and we
won't have to worry about it (i'm only half kidding, unfortunately). I will
look in to inventory for you.

By: ann

ann — Wed, 28 May 2008 00:48:24 +0000

Curious Morgan, what was the change in inventory?..sales can be up all they want but if the inventory of homes on the market has increased as well..then this does nothing to put a positive spin on the housing market anywhere…in my old stomping grounds inventory for SFH is around 17,400….sales were “up” last month…April 550 homes sold, March 538..but does this put a positive spin on a housing inventory of 17,400? the average homes sold per month is around 545 yet inventory has not come down in about 1 year…What about when the Neg Am resets reach peak around 2010/2011? And they were a HUGE part of the financing of the boom in my old stomping grounds…