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There are a lot of Americans who have wanted to purchase property in Costa Rica and now that the real estate market is improving in the USA, they can fulfill their dreams by selling their existing homes and moving to paradise. Good Economic News in the USA – According to the National Association of Realtors, existing-home sales are at the highest level since November 2009. http://www.realtor.org/news-releases/2013/06/existing-home-sales-rise-in-may-with-strong-price-increases
[quote=”crhomebuilder”] Not to burst anyones bubble or anything but this is a press release sent in to gain some traffic and backlinks to a website.
I write press releases all the time.
I dont think this sais anything at all and should be only taken at a Sweikert Topical level LOL sorry I cannot help myself 🙂
all in good fun..
This will be short-lived so anyone who is considering escaping from “El Monstro Del Norte” should hurry up. The US housing prices are temporarily pumped up due to Fed actions, which cannot last too much longer.
[quote=”crhomebuilder”]There are a lot of Americans who have wanted to purchase property in Costa Rica and now that the real estate market is improving in the USA, they can fulfill their dreams by selling their existing homes and moving to paradise. Good Economic News in the USA – According to the National Association of Realtors, existing-home sales are at the highest level since November 2009. http://www.realtor.org/news-releases/2013/06/existing-home-sales-rise-in-may-with-strong-price-increases%5B/quote%5D
The economy is still awful in the US and true unemployment is really high.
Anyone still buying gold? If you bought equities/real estate in 2009 you would be one giant step closer to being able to make a move to Costa Rica, Panama, Ecuador etc. Today the sky is not falling, the present moment is a wonderful place to act/live in.
[quote=”Lotus123″]Anyone still buying gold? If you bought equities/real estate in 2009 you would be one giant step closer to being able to make a move to Costa Rica, Panama, Ecuador etc. Today the sky is not falling, the present moment is a wonderful place to act/live in.[/quote]
That is painting with a very broad brush…I can speak for the many, many millions who are unemployed and the present moment is not a wonderful place in time. Maybe for certain parts of the country where real estate prices plummeted are they doing ‘better’ and off their lows, however, the economy is not good and I don’t know any who believes it to be. This is not a wonderful, prosperous time for most.
You know that the recent, weak rise in house sales is fragile when you see so many articles saying that rising interest rates are GOOD for home buyers. Since when has a higher mortgage rate been an enticement to buy? The Pollyana optimism of the main stream media has to make up some BS reasoning to make everyone believe that things are getting better even though they are not. Rising interest rates are not a good thing in a recession when consumption is already down.
But, according to the media, higher interest rates will keep real estate speculators out of the market, thereby keeping the depressed house prices depressed, making them more affordable for new buyers who are not speculators. Pretty convoluted, isn’t it?
The reality is that interest rates are rising now and as long as they do, consumption will slow down, not speed up. Sell your US house and get thee to Costa Rica before walls of depression and repression close in on you.
Housing market improvement in the US is very geographic and the news is generally mixed. It’s still a very “[b]moderate[/b]” improvement at best with much of the newly sold properties sold to investors and speculators which alone is not enough to sustain a prolonged and deep housing recovery. Unlike others, I [b]DO[/b] believe that the recent spike in rates will begin to manifest itself in the housing data in the months ahead.
As far as employment, that [b]TOO[/b] is a mixed bag. Modest improvement at best but dissecting the jobs data yesterday shows that much of the gains were related to “temporary” and “part-time” workers. Additionally, much of the recent increases in jobs have been in [b]LOWER[/b] paying jobs, i.e. service sector. We are creating more busboy and janitor type jobs and not creating much at all in higher paying engineering or manufacturing type jobs.
I wouldn’t get too pumped up just yet.
Bogino,
I would not get pumped up at all, if I were you. I have been waiting for the other shoe to fall for over three years now. It feels as if it is overdue.I am pretty sure we will see either a gradual grinding down of the world economy or a sudden and catastrophic crash, the likes of which has never been recorded. The last thing I expect to see in my lifetime is a return to things as they were before 2007.
A little spike in the housing market is probably, at best, an opportunity to sell and get out. Buying and holding in the US is the worst idea right now. Costa Rica will not be spared the consequences of a crash but at least there are not yet any signs of a police state.
We all know that Costa Rica is not for everyone. If you do not speak Spanish or have problems with Latin culture, pick somewhere else outside of the crumbling empire but DO leave.
The “good” economic news last week was the job numbers report. What they failed to say was that most of the 195,000 jobs created were in sectors of the market that pay little and don’t provide for individual security or growth. THAT type of “growth” will never bring the economy around. Unemployment is a problem… UNDEREMPLOYMENT is even a bigger issue!
As to the housing market… once interest rates start to rise whatever gains housing has made will disappear.
[quote=”imxploring”]The “good” economic news last week was the job numbers report. What they failed to say was that most of the 195,000 jobs created were in sectors of the market that pay little and don’t provide for individual security or growth. THAT type of “growth” will never bring the economy around. Unemployment is a problem… UNDEREMPLOYMENT is even a bigger issue!
As to the housing market… once interest rates start to rise whatever gains housing has made will disappear.[/quote]
Agreed! We are creating more and more busboy and housekeeper and department store employee type jobs and far less manufacturing…engineering….and yes…even Wall Street type jobs. Doctors, as a profession, will also shrink as Health Care takes hold as that profession no longer holds the stature and respect it once had. BTW—Friday’s employment report was also the 3rd report in a row that showed manufacturing jobs “declining”.
[quote=”sweikert925″]I wasn’t going to wade into this thread because it is already wildly off-topic, but I can’t let the gloom and doom brigade have their say without trying to balance the picture out at least a little.
Yes, the US economy isn’t doing as well as most of us would like. But it is hardly “awful” as lvc1028 suggests. (If what we have now is awful then what would you call the situation in 2009-2010? Extra-special-super awful?)
REALLY? Everyone I know had a job in 2007, 2008, and 2009. Now, I know a handful of people that don’t have jobs (or are underemployed), and I have another friend where she and others will be let go in a few months due to a consolidation in their company. And, then, of course, I know people who are working part-time temp jobs because they can’t find anything–and I fit into that boat! So, I don’t know what you’re hearing about all of this job creation, etc. It’s BS. Yeah, I think looking for a job for 18 months and competing with 100 other applicants is AWFUL!
[quote=”sweikert925″][quote=”lvc1028″]
REALLY? Everyone I know had a job in 2007, 2008, and 2009. Now, I know a handful of people that don’t have jobs (or are underemployed), and I have another friend where she and others will be let go in a few months due to a consolidation in their company. [/quote]I’m sorry to hear about those circumstances. Of COURSE the personal experiences of you and the people you know are awful to you and them, but you can’t say that the health of the entire US economy should be judged by that, can you? There are ALWAYS people who fit into those categories, even when the overall economy is doing great. During the boom times of the late 90s several hundreds of thousands of people lost their jobs every single week.[/quote]
When I knew of no one being unemployed a few years back to more than 5 currently unemployed or working temp jobs, I think that is a pretty good representation of the way things are overall…other than ND which is booming.
Things have changed drastically in this country and I really don’t want to debate that. I based my opinion on facts, not on how I feel. If you believe it’s great that a few low paying jobs have been created or those that are no longer collecting UI benefits because they have a 20 hour per week temp job is a good thing, than we have a difference of opinion on what is progress. Not to mention the unemployment rate–that 7+% includes those collecting benefits, not those who have exhausted all their benefits and are now just waiting for a job to be ‘created’.
A couple of important recent quotes for you:
1. [url=http://gainspainscapital.com/2013/07/08/the-one-chart-that-proves-were-not-in-a-recovery/]The One Chart That Proves We’re Not in a “Recovery”[/url]
“As for full-time jobs, well, we LOST 240,000 last month. And despite all the rhetoric coming out of Washington about a “recovery,” we’ve actually only added 130,000 in 2013 so far. To put this into perspective, we need to create at least 90,000 new full-time jobs PER MONTH to maintain employment levels based on population growth.”
2. From David Stockman’s book – [url=http://www.zerohedge.com/news/2013-06-18/david-stockmans-non-recovery-part-2-crash-breadwinners-and-born-again-jobs-scam ]The Great Deformation[/url].
“By September 2012, the S&P 500 was up by 115 percent from its recession lows and had recovered all of its losses from the peak of the second Greenspan bubble. By contrast, only 200,000 of the 5.6 million lost breadwinner jobs had been recovered by that same point in time.”
3. The number of Americans receiving subsidized food assistance from the federal government [url=http://cnsnews.com/news/article/101m-get-food-aid-federal-gov-t-outnumber-full-time-private-sector-workers]has risen to 101 million[/url], representing roughly a third of the U.S. population.
4. You may also wish to see: [url=http://thetruthwins.com/archives/21-facts-about-rising-government-dependence-in-america-that-will-blow-your-mind]21 Facts About Rising Government Dependence In America That Will Blow Your Mind[/url]
Whether you realize it or not, the U.S. as we have known it during our lifetimes is finished!
No doubt the blame will be put on yet another false flag event but we will see a catastrophic collapse and we will see blood in the streets and I guarantee you that the U.S. government and ‘Homeland Security’ knows that and they are planning for that event….
Problem – Reaction – Solution!
They (the banksters – our owners) create the problem, they (the banksters and their political slaves and ‘law’ enforcers) carefully manage the reaction, they will then make it appear that the people thought up the solution (which they wanted to implement all along) and then it is “solved” by Homeland Security and the other ‘security’ forces…
“For your protection of course!”
Get out while you still can, before the rapidly expanding ‘don’t fly’ list turns into the ‘don’t leave’ list!
Scott
please don’t encourage sweikert to leave Chicago
let the delusions continue.
[quote=”Scott”]A couple of important recent quotes for you:
1. [url=http://gainspainscapital.com/2013/07/08/the-one-chart-that-proves-were-not-in-a-recovery/]The One Chart That Proves We’re Not in a “Recovery”[/url]
“As for full-time jobs, well, we LOST 240,000 last month. And despite all the rhetoric coming out of Washington about a “recovery,” we’ve actually only added 130,000 in 2013 so far. To put this into perspective, we need to create at least 90,000 new full-time jobs PER MONTH to maintain employment levels based on population growth.”
2. From David Stockman’s book – [url=http://www.zerohedge.com/news/2013-06-18/david-stockmans-non-recovery-part-2-crash-breadwinners-and-born-again-jobs-scam ]The Great Deformation[/url].
“By September 2012, the S&P 500 was up by 115 percent from its recession lows and had recovered all of its losses from the peak of the second Greenspan bubble. By contrast, only 200,000 of the 5.6 million lost breadwinner jobs had been recovered by that same point in time.”
3. The number of Americans receiving subsidized food assistance from the federal government [url=http://cnsnews.com/news/article/101m-get-food-aid-federal-gov-t-outnumber-full-time-private-sector-workers]has risen to 101 million[/url], representing roughly a third of the U.S. population.
4. You may also wish to see: [url=http://thetruthwins.com/archives/21-facts-about-rising-government-dependence-in-america-that-will-blow-your-mind]21 Facts About Rising Government Dependence In America That Will Blow Your Mind[/url]
Whether you realize it or not, the U.S. as we have known it during our lifetimes is finished!
No doubt the blame will be put on yet another false flag event but we will see a catastrophic collapse and we will see blood in the streets and I guarantee you that the U.S. government and ‘Homeland Security’ knows that and they are planning for that event….
Problem – Reaction – Solution!
They (the banksters – our owners) create the problem, they (the banksters and their political slaves and ‘law’ enforcers) carefully manage the reaction, they will then make it appear that the people thought up the solution (which they wanted to implement all along) and then it is “solved” by Homeland Security and the other ‘security’ forces…
“For your protection of course!”
Get out while you still can, before the rapidly expanding ‘don’t fly’ list turns into the ‘don’t leave’ list!
[/quote]
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