Bank REO calls outsourced

[an]

[quote=jpinpb]The jump in price wasn’t surprising, from 155k to 404k. I figured all this was tactical low price get people in a bidding war frenzy auction mentality. Mental pun intended.[/quote]
What’s wrong with listing at an absurdly low price and let the market determine its real price. What’s your definition of a frenzy? How do you want the market to be?

[jpinpb]

[quote=AN][quote=jpinpb]The jump in price wasn’t surprising, from 155k to 404k. I figured all this was tactical low price get people in a bidding war frenzy auction mentality. Mental pun intended.[/quote]
What’s wrong with listing at an absurdly low price and let the market determine its real price. What’s your definition of a frenzy? How do you want the market to be?[/quote]

How do I want the market to be? I guess frenzy is normal. The point of this was how I was directed to India.

And oh, if you’re a fan of letting the market determine its real price, then maybe the government shouldn’t be propping up this market w/all its incentives and bailouts. Without all the government intervention, we would see some real prices all right.

[jpinpb]

[quote=AN][quote=jpinpb]The jump in price wasn’t surprising, from 155k to 404k. I figured all this was tactical low price get people in a bidding war frenzy auction mentality. Mental pun intended.[/quote]
What’s wrong with listing at an absurdly low price and let the market determine its real price. What’s your definition of a frenzy? How do you want the market to be?[/quote]

How do I want the market to be? I guess frenzy is normal. The point of this was how I was directed to India.

And oh, if you’re a fan of letting the market determine its real price, then maybe the government shouldn’t be propping up this market w/all its incentives and bailouts. Without all the government intervention, we would see some real prices all right.

[jpinpb]

[quote=AN][quote=jpinpb]The jump in price wasn’t surprising, from 155k to 404k. I figured all this was tactical low price get people in a bidding war frenzy auction mentality. Mental pun intended.[/quote]
What’s wrong with listing at an absurdly low price and let the market determine its real price. What’s your definition of a frenzy? How do you want the market to be?[/quote]

How do I want the market to be? I guess frenzy is normal. The point of this was how I was directed to India.

And oh, if you’re a fan of letting the market determine its real price, then maybe the government shouldn’t be propping up this market w/all its incentives and bailouts. Without all the government intervention, we would see some real prices all right.

[jpinpb]

[quote=AN][quote=jpinpb]The jump in price wasn’t surprising, from 155k to 404k. I figured all this was tactical low price get people in a bidding war frenzy auction mentality. Mental pun intended.[/quote]
What’s wrong with listing at an absurdly low price and let the market determine its real price. What’s your definition of a frenzy? How do you want the market to be?[/quote]

How do I want the market to be? I guess frenzy is normal. The point of this was how I was directed to India.

And oh, if you’re a fan of letting the market determine its real price, then maybe the government shouldn’t be propping up this market w/all its incentives and bailouts. Without all the government intervention, we would see some real prices all right.

[jpinpb]

[quote=AN][quote=jpinpb]The jump in price wasn’t surprising, from 155k to 404k. I figured all this was tactical low price get people in a bidding war frenzy auction mentality. Mental pun intended.[/quote]
What’s wrong with listing at an absurdly low price and let the market determine its real price. What’s your definition of a frenzy? How do you want the market to be?[/quote]

How do I want the market to be? I guess frenzy is normal. The point of this was how I was directed to India.

And oh, if you’re a fan of letting the market determine its real price, then maybe the government shouldn’t be propping up this market w/all its incentives and bailouts. Without all the government intervention, we would see some real prices all right.

[edna_mode]

@flu: this is happening in “green tech” projects as well, but before anyone gets any nationalistic dander up, it’s because there’s only a few places in the world with certain areas of technical expertise for certain highly bottlenecked steps. I have to wonder if that’s one reason why the Chinese were permitted to bid. Perhaps a devil’s advocate example might illustrate my point:

If a company in Japan is the only one that has extensive experience machining the containment vessel for a nuclear reactor core (and remember that there are many countries in the world way ahead in this technology), I would have serious concerns if that company were banned from bidding over a hastily-put together corporation that is US based that claims it can do the job because it’s done it twice…

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.

I know far to many scientists in San Diego who are fed up with the economic climate and are decamping for more hospitable climes. If the nerds who know how to make things work leave, what will the rest of the country do?

[edna_mode]

@flu: this is happening in “green tech” projects as well, but before anyone gets any nationalistic dander up, it’s because there’s only a few places in the world with certain areas of technical expertise for certain highly bottlenecked steps. I have to wonder if that’s one reason why the Chinese were permitted to bid. Perhaps a devil’s advocate example might illustrate my point:

If a company in Japan is the only one that has extensive experience machining the containment vessel for a nuclear reactor core (and remember that there are many countries in the world way ahead in this technology), I would have serious concerns if that company were banned from bidding over a hastily-put together corporation that is US based that claims it can do the job because it’s done it twice…

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.

I know far to many scientists in San Diego who are fed up with the economic climate and are decamping for more hospitable climes. If the nerds who know how to make things work leave, what will the rest of the country do?

[edna_mode]

@flu: this is happening in “green tech” projects as well, but before anyone gets any nationalistic dander up, it’s because there’s only a few places in the world with certain areas of technical expertise for certain highly bottlenecked steps. I have to wonder if that’s one reason why the Chinese were permitted to bid. Perhaps a devil’s advocate example might illustrate my point:

If a company in Japan is the only one that has extensive experience machining the containment vessel for a nuclear reactor core (and remember that there are many countries in the world way ahead in this technology), I would have serious concerns if that company were banned from bidding over a hastily-put together corporation that is US based that claims it can do the job because it’s done it twice…

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.

I know far to many scientists in San Diego who are fed up with the economic climate and are decamping for more hospitable climes. If the nerds who know how to make things work leave, what will the rest of the country do?

[edna_mode]

@flu: this is happening in “green tech” projects as well, but before anyone gets any nationalistic dander up, it’s because there’s only a few places in the world with certain areas of technical expertise for certain highly bottlenecked steps. I have to wonder if that’s one reason why the Chinese were permitted to bid. Perhaps a devil’s advocate example might illustrate my point:

If a company in Japan is the only one that has extensive experience machining the containment vessel for a nuclear reactor core (and remember that there are many countries in the world way ahead in this technology), I would have serious concerns if that company were banned from bidding over a hastily-put together corporation that is US based that claims it can do the job because it’s done it twice…

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.

I know far to many scientists in San Diego who are fed up with the economic climate and are decamping for more hospitable climes. If the nerds who know how to make things work leave, what will the rest of the country do?

[edna_mode]

@flu: this is happening in “green tech” projects as well, but before anyone gets any nationalistic dander up, it’s because there’s only a few places in the world with certain areas of technical expertise for certain highly bottlenecked steps. I have to wonder if that’s one reason why the Chinese were permitted to bid. Perhaps a devil’s advocate example might illustrate my point:

If a company in Japan is the only one that has extensive experience machining the containment vessel for a nuclear reactor core (and remember that there are many countries in the world way ahead in this technology), I would have serious concerns if that company were banned from bidding over a hastily-put together corporation that is US based that claims it can do the job because it’s done it twice…

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.

I know far to many scientists in San Diego who are fed up with the economic climate and are decamping for more hospitable climes. If the nerds who know how to make things work leave, what will the rest of the country do?

[briansd1]

[quote=edna_mode]

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.[/quote]

I agree with you.

That said, I don’t have any problem with work going overseas. If foreigners can co work better and cheaper, let them. They deserve the work. We just pay them with paper dollars so that’s a good deal for us.

Long term, that’s a problem. But it’s up to us to upgrade our skills and stay a step ahead. Or to save money that we earn now so that when we’re old, we can pay others to service us.

[briansd1]

[quote=edna_mode]

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.[/quote]

I agree with you.

That said, I don’t have any problem with work going overseas. If foreigners can co work better and cheaper, let them. They deserve the work. We just pay them with paper dollars so that’s a good deal for us.

Long term, that’s a problem. But it’s up to us to upgrade our skills and stay a step ahead. Or to save money that we earn now so that when we’re old, we can pay others to service us.

[briansd1]

[quote=edna_mode]

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.[/quote]

I agree with you.

That said, I don’t have any problem with work going overseas. If foreigners can co work better and cheaper, let them. They deserve the work. We just pay them with paper dollars so that’s a good deal for us.

Long term, that’s a problem. But it’s up to us to upgrade our skills and stay a step ahead. Or to save money that we earn now so that when we’re old, we can pay others to service us.

[briansd1]

[quote=edna_mode]

Perhaps the way to alleiviate some of these technical expertise bottlenecks would be to figure out a policy framework that would 1) encourage more people towards science/math education; 2) encourage development of this kind of long-term expertise to stay in the US.[/quote]

I agree with you.

That said, I don’t have any problem with work going overseas. If foreigners can co work better and cheaper, let them. They deserve the work. We just pay them with paper dollars so that’s a good deal for us.

Long term, that’s a problem. But it’s up to us to upgrade our skills and stay a step ahead. Or to save money that we earn now so that when we’re old, we can pay others to service us.

[Author]

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