Chamberlain was absolutely giddy!

[ocrenter]

looks like this guy is in bed with a lot of folks that need to prop the market up.

[JWM in SD]

Oh you bet your ass he is. Most of his sponsors are probably REIC.

His career will be toast by the end of this year or Q1 08.

[JWM in SD]

Oh you bet your ass he is. Most of his sponsors are probably REIC.

His career will be toast by the end of this year or Q1 08.

[JWM in SD]

Oh you bet your ass he is. Most of his sponsors are probably REIC.

His career will be toast by the end of this year or Q1 08.

[CMcG]

temeculaguy–

I’m with you. I listen to KOGO in the morning because for some strange reason — even though I’m in metro San Diego –that’s the only station that comes in clearly in the bedroom. As soon as I get in the car I turn on Handel.

I was the one who posted the comment re: Chamberlin and KOGO on Rich’s post regarding Chamberlin last week. His “Money in the Morning” minutes were suddenly gone from KOGO. I thought he had been fired. But he was back again today…still giddy.

[CMcG]

temeculaguy–

I’m with you. I listen to KOGO in the morning because for some strange reason — even though I’m in metro San Diego –that’s the only station that comes in clearly in the bedroom. As soon as I get in the car I turn on Handel.

I was the one who posted the comment re: Chamberlin and KOGO on Rich’s post regarding Chamberlin last week. His “Money in the Morning” minutes were suddenly gone from KOGO. I thought he had been fired. But he was back again today…still giddy.

[CMcG]

temeculaguy–

I’m with you. I listen to KOGO in the morning because for some strange reason — even though I’m in metro San Diego –that’s the only station that comes in clearly in the bedroom. As soon as I get in the car I turn on Handel.

I was the one who posted the comment re: Chamberlin and KOGO on Rich’s post regarding Chamberlin last week. His “Money in the Morning” minutes were suddenly gone from KOGO. I thought he had been fired. But he was back again today…still giddy.

[sdnativeson]

now if I could only get a 70% boost in income. Wait, better make that more like 140%…….

[sdnativeson]

now if I could only get a 70% boost in income. Wait, better make that more like 140%…….

[sdnativeson]

now if I could only get a 70% boost in income. Wait, better make that more like 140%…….

[JWM in SD]

“Personally I listen to KFI for Bill Handel and for John and Ken but I am forced to switch to KOGO to get the weather/traffic/local news until I’ve had my fill of the local amatuer version of Tony Robbins until Jim Rome comes on at 9:00. There are few things I miss about L.A. but radio is one of them.”

I guess I’m not the only one who can’t stand KOGO and listen to KFI instead. I tried listening to KOGO for about a year when I first moved here to SD but it was so lame. I was used to Talk Radio in Chicago (WLS AM 590) which used to be very, very good. KFI has similar radio personalities.

One complaint about KOGO though. They are heavily complicit in the bubble. I have yet to hear any of their hosts do a seriuos discussion about the bubble. Too much RE advertising money is still flowing there. I suspect that will change in the next few months.

[JWM in SD]

“Personally I listen to KFI for Bill Handel and for John and Ken but I am forced to switch to KOGO to get the weather/traffic/local news until I’ve had my fill of the local amatuer version of Tony Robbins until Jim Rome comes on at 9:00. There are few things I miss about L.A. but radio is one of them.”

I guess I’m not the only one who can’t stand KOGO and listen to KFI instead. I tried listening to KOGO for about a year when I first moved here to SD but it was so lame. I was used to Talk Radio in Chicago (WLS AM 590) which used to be very, very good. KFI has similar radio personalities.

One complaint about KOGO though. They are heavily complicit in the bubble. I have yet to hear any of their hosts do a seriuos discussion about the bubble. Too much RE advertising money is still flowing there. I suspect that will change in the next few months.

[JWM in SD]

“Personally I listen to KFI for Bill Handel and for John and Ken but I am forced to switch to KOGO to get the weather/traffic/local news until I’ve had my fill of the local amatuer version of Tony Robbins until Jim Rome comes on at 9:00. There are few things I miss about L.A. but radio is one of them.”

I guess I’m not the only one who can’t stand KOGO and listen to KFI instead. I tried listening to KOGO for about a year when I first moved here to SD but it was so lame. I was used to Talk Radio in Chicago (WLS AM 590) which used to be very, very good. KFI has similar radio personalities.

One complaint about KOGO though. They are heavily complicit in the bubble. I have yet to hear any of their hosts do a seriuos discussion about the bubble. Too much RE advertising money is still flowing there. I suspect that will change in the next few months.

[Bugs]

It’s all window dressing. As far as prices go over the long term I don’t think it matters what happens with the conventional rate. The only difference it can make is with respect to the timing, and I don’t think that difference will be significant.

The peak was built by excess demand, courtesy of the short term investors and flippers. Many of the FBs who were just buying a home for themselves were competing with these speculators.

The investors have left the building, and they took the excess demand with them. Absent this excess demand the pricing will eventually stabilize based on wage and population trends. That means we won’t be going back into growth mode until the investors decide there’s some short term profits to be made.

Housing pricing here in most neighborhoods peaked between mid-2005 and mid-2006. The beginnings of the downturn in the mid-2005 neighborhoods were already underway by mid-2006. The subprime problems didn’t really start coming to light until several months after that. The way I see it, the subprime problems, while inevitable, didn’t cause the problem, they just made it worse. Likewise, their demise didn’t start our downturn, it only makes it worse.

For the most part, a FB who couldn’t afford the conventional rate when it was 5.5% back in 2004/2005 isn’t going to be able to afford the 6.5% rate in 2007, regardless of which investors are buying it on the secondary market. Not everyone’s career is on an upward trajectory. Besides that, refinancing a 100% debt requires some equity, and equity is in decline in most areas in SD County. As far as I can tell, virtually all of the marginal loans in 2004/2005 are still going to be marginal or unfeasible in 2007. Unless these borrowers have accrued some downpayment money in the last couple years there isn’t going to be enough equity to refinance.

I think that having reasonable liquidity coupled with reasonable underwriting is a good thing for everyone. The excesses of the market will still sort themselves out over time.

I’m a lot more annoyed at the fed for printing money to throw at these lenders.

[Bugs]

It’s all window dressing. As far as prices go over the long term I don’t think it matters what happens with the conventional rate. The only difference it can make is with respect to the timing, and I don’t think that difference will be significant.

The peak was built by excess demand, courtesy of the short term investors and flippers. Many of the FBs who were just buying a home for themselves were competing with these speculators.

The investors have left the building, and they took the excess demand with them. Absent this excess demand the pricing will eventually stabilize based on wage and population trends. That means we won’t be going back into growth mode until the investors decide there’s some short term profits to be made.

Housing pricing here in most neighborhoods peaked between mid-2005 and mid-2006. The beginnings of the downturn in the mid-2005 neighborhoods were already underway by mid-2006. The subprime problems didn’t really start coming to light until several months after that. The way I see it, the subprime problems, while inevitable, didn’t cause the problem, they just made it worse. Likewise, their demise didn’t start our downturn, it only makes it worse.

For the most part, a FB who couldn’t afford the conventional rate when it was 5.5% back in 2004/2005 isn’t going to be able to afford the 6.5% rate in 2007, regardless of which investors are buying it on the secondary market. Not everyone’s career is on an upward trajectory. Besides that, refinancing a 100% debt requires some equity, and equity is in decline in most areas in SD County. As far as I can tell, virtually all of the marginal loans in 2004/2005 are still going to be marginal or unfeasible in 2007. Unless these borrowers have accrued some downpayment money in the last couple years there isn’t going to be enough equity to refinance.

I think that having reasonable liquidity coupled with reasonable underwriting is a good thing for everyone. The excesses of the market will still sort themselves out over time.

I’m a lot more annoyed at the fed for printing money to throw at these lenders.

[Author]

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