Most Americans Say Now Is Time to Buy a House: Poll

Boy was I wrong........I feel like an idiot.

The 64 percent that said it is a good time to buy is just shy of the 66 percent that said the same thing in 2003 as the U.S. housing market was racing higher, said the survey.

         http://www.cnbc.com/id/36192494

 So.... the market is gonna race higher?

Nearly two-thirds of Americans think the time is right to buy a house, with a majority believing prices will be the same or higher over the next year, according to a Fannie Mae survey released Tuesday.

 What does "Supply and Demand" mean? Will mortgage rates move lower or higher?

However, most of the 3,451 polled said that it would be tougher for them to get a loan than it was for their parents.

Ahhhhhhhh fuck......  ya mean if I want ta buy a house I need a job? I need money to put down? No teaser loans?

So if Goldman Sachs, Lehman, Bear Stearns.......... to mention a few, can no longer package up these MBS's into cute little derivatives that their friends at Moody's, Fitch, and S&P stamp investment grade and their buds at AIG, Ambac or MBIA insure against default........... then who will?

Who the hell is gonna buy the mortgages?
Fannie & Freddie?   (bankrupt)
China?                      (has enough)
Pension Funds?         (bankrupt)
Federal Reserve?       (bankrupt)

Housing prices will have downward pressures for decades to come.