And Then I Ask Myself, “Gee Willikers, White House Whiz Kids!”

“What could go wrong?”

The Foreclosure Dump

…I also know there have been many discussions brewing within the government and at the banks with hedge funds looking to buy up bulk foreclosures. So far no big deals we know of, but they’re coming for sure.

The government may even be considering incentives to get more investors to buy foreclosures, which I blogged about last month.

As the numbers mount, the GSE’s and the banks will have to put more resources into unloading these properties, especially as new Spring organic housing supply comes on the market. If they choose to slash prices even more, the dip in overall home prices may fall deeper than expected.

Quelle horreur!!!
“Glut” is not the 4 letter “G” word we should be worried about, I’m thinking right now. The TRULY alarming one is “GOVT”, as in “INCENTIVES”:

…as in $8000 home tax credit? As $4000 “cash for clunkers“?
As in “Cash 4 4Closures”?
How about as in:
“HOLY SHIT, Sherlocks!!! Keep your FREAKIN’ PAWZ OFF STUFF and DON’T DO US ANY MORE F*#&ING FAVORS!!!”

Please.

(Swill Salute to Instapundit)

categories Biz, Life, Nanny State, People, Politics | | datetime January 14, 2011 8:42 am

2 Responses to “And Then I Ask Myself, “Gee Willikers, White House Whiz Kids!””

  1. Gary from Jersey says:
    January 14, 2011 at 12:56 pm

    You can buy a house in Camden for $1. Thank you, Democrats.

  2. JeffS says:
    January 14, 2011 at 4:15 pm

    I just wish I had 20 acres with water rights somewhere in the mountains. Preferably with a good view of the avenues of approach.

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