The fix is in, housing market to take off

[Brian4Liberty]

It appears that Goldman Sachs and other Wall St. interests have sucked up as many houses as they can swallow. It is now time to pump up the market and eventually take profits.

Goldman Sachs Sees ‘Strong’ Recovery Starting for Housing

Housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes, Goldman Sachs analysts Joshua Pollard and Anto Savarirajan wrote in a note to clients. They raised their rating on the homebuilding industry to attractive from neutral.

http://www.bloomberg.com/news/2012-...ees-strong-recovery-starting-for-housing.html

http://www.ibtimes.com/articles/364...mortgage-chief-plans-foreclosed-home-fund.htm

Former Goldman Sachs Group Inc. executive Donald Mullen, one of the architects of the subprime mortgage trade, is trying to raise at least $500 million for a fund that will buy foreclosed homes with an eye toward renting them out.

Mullen, who until January was head of the credit and mortgage business inside Goldman's securities division, began marketing his Fundamental REO Access fund in earnest about a month ago, said seven people familiar with the matter, but who did not want to be identified because they do not work for the upstart fund.

Several sources said Goldman Sachs is serving as the placement agent for the fund and will market it to wealthy investors, including some of its own clients.

Goldman and other investment firms that serve as placement agents can collect fees that range from 1 percent to 2 percent of the total sum raised from investors.

The new fund is part of a growing move by former Wall Street traders, hedge funds and private equity shops to profit from acquiring foreclosed homes and turning them into rental properties for their steady stream of cash.

...
Money managers are being drawn to the foreclosed home market because the rental market for single-family homes has become lucrative. The goal for many foreclosed home funds is to eventually sell the homes even in blocks, or as part of real-estate investment trust.
...
The market got a big shot in the arm earlier this year when the U.S. government announced a trial project to sell-off a big pool of 2,500 single-family homes that Fannie Mae currently owns in some of the hardest-hit housing markets.

On Wednesday, private equity firm Blackstone Group LP said it has spent more than $300 million to purchase over 2,000 foreclosed home across the United States with an eye toward renting them out until the housing market recovers.

Asset management firm TCW, which specializes in fixed-income securities and oversees $128 billion in assets, recently launched the TCW Home Place Partners fund, as an opportunity for wealthy investors to invest in the "housing turnaround" by buying foreclosed homes from banks and federal government agencies.

...

 

[Brian4Liberty]

What lead up to this point? Here's a little history of how the big Wall St. players planned to get houses on the cheap from the government.

http://www.ronpaulforums.com/showth...o-turn-foreclosed-homes-over-to-Goldman-Sachs

http://www.thestreet.com/story/11224917/1/a-huge-housing-bargain--but-not-for-you.html

 

[phill4paul]

Crooks don't wear masks and work in the dark these days. They were business suits and work in the light of day.

 

[Brian4Liberty]

Warren Buffett is getting in on the deal. That should make it easier to grease the Democrats.

Warren Buffett's Berkshire Hathaway Inc. has joined Goldman Sachs Group Inc. in the investment bank's bid to buy $3 billion in tax credits from government-owned mortgage giant Fannie Mae, according to people familiar with the matter.
...
Goldman's interest in credits "is very good for the market," said Ghebre Selassie Mehreteab, an adviser to affordable-housing developers and the former chief executive of NHP Foundation, a nonprofit developer that had to scale back its Gulf Coast development last year from 3,000 to 1,500 units because of a lack of investment.

http://online.wsj.com/article/SB125729682025626851.html

 

[Brian4Liberty]

Goldman Sachs Sees ‘Strong’ Recovery Starting for Housing

Housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes, Goldman Sachs analysts Joshua Pollard and Anto Savarirajan wrote in a note to clients.

And they should know. They were writing government policy and taking possession of the shadow inventory at pennies on the dollar.

 

[showpan]

I just posted this in another thread but it is better suited here"

Today, only about 30% of all homes in the US are owned outright. But this doesn't mean that 30% are owner occupant, it just means that 30% do not have a mortgage. Once you factor in owners who rent their homes and buildings, this number is considerably smaller at about 15%. Most of these rental units are corporate owned and since a home with a mortgage is also corporate owned, that means that about 85% of all homes in this country are corporate owned as of 2009. Of course this number is slightly higher today.

http://www.corelogic.com/about-us/ne...-year-ago.aspx

http://www.census.gov/housing/ahs/data/national.html

Ok, now that we know that corporations own most of our homes, lets see who these corporations are:

http://finance.yahoo.com/

Now go to finance.yahoo.com. Look up a bank or company by using it's ticker symbol and click on "get quotes", then on the left hand side you will see "Major shareholders"

You can start with you're bank, or any bank especially the FED banks or the S&P or whoever you want. Then look up who the major shareholders are....lol

Now that you have gotten an idea of which handful of investment firms actually own our whole banking system....look up any of our major corporations and businesses....lol

 

[LibForestPaul]

So, how to prepare, buy now?

 

[Brian4Liberty]

So, how to prepare, buy now?

Their strategy is always to pump and dump. Buy low, sell high, so now might be a good time to buy if you need a house, before the pump turns into a mania.