Chamberlain was absolutely giddy!

[mixxalot]

Nope I missed the segment with ole’ Chowderhead and his sick little bed buddy Mehram Retard. I did hear GC talk about how great things were in light of the market being not a big deal. What a knucklehead!

[patientrenter]

davelj, I don’t think the difference between the prices today of conforming and nonconforming mortgages is driven by differences in risk. It’s just an indicator of the value of the government guarantee tacked onto the mortgage security when it’s packaged and sold. If you can remove the charge for loan default risk, then of course the price of the loan goes down. This is just as true at $942K as at $417K.

Patient renter in OC

[patientrenter]

davelj, I don’t think the difference between the prices today of conforming and nonconforming mortgages is driven by differences in risk. It’s just an indicator of the value of the government guarantee tacked onto the mortgage security when it’s packaged and sold. If you can remove the charge for loan default risk, then of course the price of the loan goes down. This is just as true at $942K as at $417K.

Patient renter in OC

[patientrenter]

davelj, I don’t think the difference between the prices today of conforming and nonconforming mortgages is driven by differences in risk. It’s just an indicator of the value of the government guarantee tacked onto the mortgage security when it’s packaged and sold. If you can remove the charge for loan default risk, then of course the price of the loan goes down. This is just as true at $942K as at $417K.

Patient renter in OC

[SD Realtor]

That is what worries me the most pr…

SD Realtor

[SD Realtor]

That is what worries me the most pr…

SD Realtor

[SD Realtor]

That is what worries me the most pr…

SD Realtor

[mixxalot]

Repeat of S&L Scandal times 100

Will be the fallout from this whole subprime mess. Thats my prediction. The elite bankers will defraud millions of people and stick us with the tax bill. That bothers me. I do hope that San Diego real estate prices drop by 50 per cent then I could actually afford a decent home.

[mixxalot]

Repeat of S&L Scandal times 100

Will be the fallout from this whole subprime mess. Thats my prediction. The elite bankers will defraud millions of people and stick us with the tax bill. That bothers me. I do hope that San Diego real estate prices drop by 50 per cent then I could actually afford a decent home.

[mixxalot]

Repeat of S&L Scandal times 100

Will be the fallout from this whole subprime mess. Thats my prediction. The elite bankers will defraud millions of people and stick us with the tax bill. That bothers me. I do hope that San Diego real estate prices drop by 50 per cent then I could actually afford a decent home.

[JWM in SD]

Well, we will see how this goes over in the heartland. Some poor bastard making 50K will get to subsidize the aholes in Clownifornia. Yeah, somehow I don’t think that is going to fly there.

[JWM in SD]

Well, we will see how this goes over in the heartland. Some poor bastard making 50K will get to subsidize the aholes in Clownifornia. Yeah, somehow I don’t think that is going to fly there.

[JWM in SD]

Well, we will see how this goes over in the heartland. Some poor bastard making 50K will get to subsidize the aholes in Clownifornia. Yeah, somehow I don’t think that is going to fly there.

[temeculaguy]

I hope you are right JWM but I have so little faith that that poor bastard in the heartland would even know who fannie and freddie are because they don’t sponsor a Nascar driver. I would say that congress traditionally hates California and won’t bail us out but everyones 401k is taking a hit because of it so it will probably pass. Doesn’t matter, it won’t change a thing, interest rates were low and toxic loans were plentiful when this thing started to go south, neither will save it now. It was the affordability and the shattering of the illusion that things would always go higher that killed real estate, this is CPR on a patient with no head. Raising the conforming limits won’t bring back subprime either. The band aid is coming off either way, now they have to decide if the want to rip it off or peel it slowly.

[temeculaguy]

I hope you are right JWM but I have so little faith that that poor bastard in the heartland would even know who fannie and freddie are because they don’t sponsor a Nascar driver. I would say that congress traditionally hates California and won’t bail us out but everyones 401k is taking a hit because of it so it will probably pass. Doesn’t matter, it won’t change a thing, interest rates were low and toxic loans were plentiful when this thing started to go south, neither will save it now. It was the affordability and the shattering of the illusion that things would always go higher that killed real estate, this is CPR on a patient with no head. Raising the conforming limits won’t bring back subprime either. The band aid is coming off either way, now they have to decide if the want to rip it off or peel it slowly.

[Author]

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