60 Minutes: House of Cards

[davelj]

Jim Grant is fantastic. He’s one of the very best financial commentators. I rarely plug investment-related publications, but Grant’s Interest Rate Observer is one of a very small number of truly essential financial publications out there. Highly recommended.

[djc]

http://globaleconomicanalysis.blogspot.com/2008/01/60-minutes-legitimizes-walking-away.html

another view

[djc]

http://globaleconomicanalysis.blogspot.com/2008/01/60-minutes-legitimizes-walking-away.html

another view

[djc]

http://globaleconomicanalysis.blogspot.com/2008/01/60-minutes-legitimizes-walking-away.html

another view

[djc]

http://globaleconomicanalysis.blogspot.com/2008/01/60-minutes-legitimizes-walking-away.html

another view

[djc]

http://globaleconomicanalysis.blogspot.com/2008/01/60-minutes-legitimizes-walking-away.html

another view

[temeculaguy]

Very well done piece, but then again 60 minutes has been doing fairly in depth pieces for a few decades so it’s not suprising. What scares me the most is that a long time ago we used to joke that the time to buy was when the cover of time magazine read “real estate is dead.” In my view the prices have not returned to fundamentals yet, however the folks at time may have already contemplated the cover art for that issue.

[temeculaguy]

Very well done piece, but then again 60 minutes has been doing fairly in depth pieces for a few decades so it’s not suprising. What scares me the most is that a long time ago we used to joke that the time to buy was when the cover of time magazine read “real estate is dead.” In my view the prices have not returned to fundamentals yet, however the folks at time may have already contemplated the cover art for that issue.

[temeculaguy]

Very well done piece, but then again 60 minutes has been doing fairly in depth pieces for a few decades so it’s not suprising. What scares me the most is that a long time ago we used to joke that the time to buy was when the cover of time magazine read “real estate is dead.” In my view the prices have not returned to fundamentals yet, however the folks at time may have already contemplated the cover art for that issue.

[temeculaguy]

Very well done piece, but then again 60 minutes has been doing fairly in depth pieces for a few decades so it’s not suprising. What scares me the most is that a long time ago we used to joke that the time to buy was when the cover of time magazine read “real estate is dead.” In my view the prices have not returned to fundamentals yet, however the folks at time may have already contemplated the cover art for that issue.

[temeculaguy]

Very well done piece, but then again 60 minutes has been doing fairly in depth pieces for a few decades so it’s not suprising. What scares me the most is that a long time ago we used to joke that the time to buy was when the cover of time magazine read “real estate is dead.” In my view the prices have not returned to fundamentals yet, however the folks at time may have already contemplated the cover art for that issue.

[sdrealtor]

Very sobering for John Q. I thought it was a very good show also. One thing bothered me though. The sense of entitlement by the gal in the 2BR hopuse who said it doesnt make sense to stay and that the lender should just fix her loan. My response is a resonding NO! You screwed up! Walk away if you want but you should be financially screwed for the next 5 to 10 years as punishment for your stupidity.

[sdrealtor]

Very sobering for John Q. I thought it was a very good show also. One thing bothered me though. The sense of entitlement by the gal in the 2BR hopuse who said it doesnt make sense to stay and that the lender should just fix her loan. My response is a resonding NO! You screwed up! Walk away if you want but you should be financially screwed for the next 5 to 10 years as punishment for your stupidity.

[sdrealtor]

Very sobering for John Q. I thought it was a very good show also. One thing bothered me though. The sense of entitlement by the gal in the 2BR hopuse who said it doesnt make sense to stay and that the lender should just fix her loan. My response is a resonding NO! You screwed up! Walk away if you want but you should be financially screwed for the next 5 to 10 years as punishment for your stupidity.

[sdrealtor]

Very sobering for John Q. I thought it was a very good show also. One thing bothered me though. The sense of entitlement by the gal in the 2BR hopuse who said it doesnt make sense to stay and that the lender should just fix her loan. My response is a resonding NO! You screwed up! Walk away if you want but you should be financially screwed for the next 5 to 10 years as punishment for your stupidity.

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