Politics OUR PRESIDENT, OUR SUCCESSES

Its all a charade. Its natural path is to eventually crash and it will hard. Its not Trump's Fault, he made it worse. Its not Obama's Fault, he made it worse. The economy is tied to the FED right now and has been ever since they suppressed interest rates and ran QE 1-4.

Slight interest rate increases are going to crash the whole economy. Once things are normalized, its going to be ugly. Look outside now, everyone is starting to dump their houses because the party is over.

Pre-Foreclosures are starting to go up. The smart people are trying to dump their real estate now.

This was yesterday, this scene is playing out all over town and its just the beginning.

 

I mostly don't disagree with you other than that Obama and Bush had less of a choice. Trump didn't have to pass a tax break and increase spending, but he did it just for fun.

Houseing is different now than it was, it's being eaten up by corporations and we are being turned into a renter nation. I don't see that being the big bust this time. Besides there is no CDO issue pushing that. Consumer credit, student debt and health care issues will be what breaks us this time.

 

Harvard/Harris Poll: Trump's Approval Up to 46 Percent

By Brian Freeman | Monday, 03 December 2018 04:02 PM

President Donald Trump's approval rating rose to 46 percent from 44 percent in October, according to a Harvard CAPS/Harris Poll survey released exclusively to The Hill on Monday.

"Trump's numbers show an uptick as voters continue to give him credit on the economy and battling terrorism successfully," Harvard CAPS/Harris Poll co-director Mark Penn said. "His job approval and the basic numbers have been stable over the last few months."

Other results from the survey show:
52 percent of registered voters believe the country is on the wrong track, while 40 percent believe it is headed in the right direction, and 8 percent are undecided.

• 70 percent say the economy is strong today, but only 47 percent say it is on the right track, a slight decrease from the past two months.
• The Republican Party's approval has slightly increased to 43 percent, but 57 percent still disapprove.
• The Democratic Party's approval ratings have gone up since the November midterms to 46 percent, with 54 percent disapproving.
• 67 percent of voters are satisfied with the outcome of the midterms. Among Democrats, 79 percent are happy, while 58 percent of Republicans are also content with the outcome of the midterms.
• Only 33 percent of Democrats want House Minority Leader Nancy Pelosi to be House Speaker, while 67 percent prefer someone new.

The survey of 1,407 registered voters was conducted Nov. 27-28.

 

Real Estate is a safe bet for investors now more than ever.

Foreclosures dropped again this year, 4% lower than last year, and hit a n historic low last month.

Factors causing repos in local markets with increases are storm damage/insufficient insurance, higher taxes, predatory loans, and Obamacare.

U.S. Foreclosure Activity Down From Year Ago in October But Up in 38 Percent of Local Markets

• Daren Blomquist
• November 27th, 2018

There were a total of 66,401 U.S. properties with foreclosure filings in October 2018, up 21 percent from an all-time low in the previous month, but still down 4 percent from a year ago, according to ATTOM Data Solutions.

Counter to the national trend, October 2018 foreclosure activity increased from a year ago in 15 states, including Florida (up 55 percent); Texas (up 28 percent); Georgia (up 50 percent); Michigan (up 24 percent); and Arizona (up 1 percent).

Also counter to the national trend, 84 of 219 metropolitan statistical areas analyzed in the report (38 percent) posted a year-over-year increase in foreclosure activity, including Miami, Florida (up 55 percent); Houston, Texas (up 198 percent); Tampa-St. Petersburg, Florida (up 67 percent); Atlanta, Georgia (up 36 percent); and Phoenix, Arizona (up 3 percent).

<a href='#'><img alt=' ' src='https://public.tableau.com/static/images/Oc/October2018ForeclosureStartsbyMetro/Dashboard1/1_rss.png' style='border: none' /></a>

Foreclosure starts down nationwide, up in 36 percent of local markets
Lenders started the foreclosure process on 29,017 U.S. properties in October 2018, up less than 1 percent from the previous month but still down 8 percent from a year ago.

Counter to the national trend, 18 states posted year-over-year increases in foreclosure starts, including Florida (up 98 percent); Texas (up 23 percent); Michigan (up 60 percent); South Carolina (up 60 percent); and Alabama (up 11 percent).

Also counter to the national trend, 70 of the 219 metropolitan statistical areas analyzed in the report (36 percent) posted year-over-year increases in foreclosure starts, including Houston, Texas (up 285 percent); Miami, Florida (up 116 percent); Phoenix, Arizona (up 3 percent); Detroit, Michigan (up 82 percent); and Tampa-St. Petersburg, Florida (up 82 percent).

Foreclosure starts have increased annually in at least six of the 10 months so far in 2018 in 32 of the 219 metro areas analyzed in the report (15 percent), including Houston, Texas (7 of 10 months); Miami, Florida (6 of 10 months); Detroit, Michigan (9 of 10 months); Orlando, Florida (6 of 10 months); Minneapolis-St. Paul (9 of 10 months); Jacksonville, Florida (6 of 10 months); and Austin, Texas (10 of 10 months).

Bank repossessions bounce back from all-time low in December
Lenders repossessed a total of 10,810 U.S. properties through foreclosure (REO) in October 2018, up 119 percent from an all-time low in the previous month, and up 10 percent from a year ago.

The District of Columbia and 28 states posted year-over-year increases in REO activity in October, including Florida (up 40 percent); New Jersey (up 5 percent); Ohio (up 52 percent); New York (up 16 percent); and Georgia (up 150 percent).

New Jersey, Delaware, Maryland post highest state foreclosure rates
One in every 2,019 U.S. housing units had a foreclosure filing in October 2018. States with the highest October 2018 foreclosure rates were New Jersey (on in every 758 housing units with a foreclosure filing); Delaware (one in every 925 housing units); Maryland (one in every 1,060 housing units); Illinois (one in every 1,102 housing units); and Nevada (one in every 1,230 housing units).

Among 219 metropolitan statistical areas with a population of at least 200,000, those with the highest October 2018 foreclosure rates were Atlantic City, New Jersey (one in every 555 housing units); Trenton, New Jersey (one in every 611 housing units); Lake Havasu, Arizona (one in every 810 housing units); Rockford, Illinois (one in every 832 housing units); and Reading, Pennsylvania (one in every 877 housing units).
https://www.attomdata.com/news/market-trends/foreclosures/foreclosure-activity-report-october-2018/

 

Wow, that might be a record for him. If true, and I'm not convinced that it is, it's probably a high water mark.

 

Let's use a more realistic number where they actually average out the various polls rather than handpick the lowly rated Harris Poll (C+) or we can use the highly rated IBD/TIPP poll which is at 39% and is rated A-.

https://projects.fivethirtyeight.com/trump-approval-ratings/