PILLOLE AVVELENATE: GOLDMAN SACHS AVVISA: IL MERCATO IMMOBILIARE AMERICANO CONTINUERA' A SCENDERE! E SE LO DICE GOLDMAN!
Goldman Sachs says Uncle Sam Adds 5% to Prices of Homes.
Uncle Sam’s interventions in the housing market have pushed home prices 5% higher on a national average than they would have been otherwise, Goldman Sachs estimates in a report released late Friday.
The government over the past year has slowed the pace of foreclosures through moratoria and the drive to modify mortgage terms to keep more borrowers in their homes. It also has pumped up demand for housing by giving tax credits to many first-time home buyers and by driving down mortgage interest rates. As a result, home prices in some areas have risen in recent months, particularly for homes that appeal to investors and first-time buyers. Bidding wars for the more attractive bank-owned homes have become common.
But these artificial props won’t last forever and may have created a false bottom in the market. “The risk of renewed home-price declines remains significant,” Goldman economist Alec Phillips writes in the report, “and our working assumption is a further 5% to 10% decline by mid-2010.”
A MENO CHE L'ABBRONZATO NON DECIDA DI CONTINUARE A STAMPARE DENARO FALSO. In quel caso il dollaro continuera' a scendere e le case a non perdere valore (ma di fatto l'avrebbero perso).
Se stamperà denaro, il dollaro si svaluterà creando inflazione importata (da bene i materie prime che gli USA consumano).
Uncle Sam’s interventions in the housing market have pushed home prices 5% higher on a national average than they would have been otherwise, Goldman Sachs estimates in a report released late Friday.
The government over the past year has slowed the pace of foreclosures through moratoria and the drive to modify mortgage terms to keep more borrowers in their homes. It also has pumped up demand for housing by giving tax credits to many first-time home buyers and by driving down mortgage interest rates. As a result, home prices in some areas have risen in recent months, particularly for homes that appeal to investors and first-time buyers. Bidding wars for the more attractive bank-owned homes have become common.
But these artificial props won’t last forever and may have created a false bottom in the market. “The risk of renewed home-price declines remains significant,” Goldman economist Alec Phillips writes in the report, “and our working assumption is a further 5% to 10% decline by mid-2010.”
A MENO CHE L'ABBRONZATO NON DECIDA DI CONTINUARE A STAMPARE DENARO FALSO. In quel caso il dollaro continuera' a scendere e le case a non perdere valore (ma di fatto l'avrebbero perso).
Se stamperà denaro, il dollaro si svaluterà creando inflazione importata (da bene i materie prime che gli USA consumano).
PILLOLE AVVELENATE: GOLDMAN SACHS AVVISA: IL MERCATO IMMOBILIARE AMERICANO CONTINUERA' A SCENDERE! E SE LO DICE GOLDMAN!
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