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NotCranky.
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December 17, 2007 at 8:59 PM #119390December 17, 2007 at 9:18 PM #119627
Jumby
Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
December 17, 2007 at 9:18 PM #119647Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
December 17, 2007 at 9:18 PM #119581Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
December 17, 2007 at 9:18 PM #119548Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
December 17, 2007 at 9:18 PM #119415Participant“Well, recently I told by a mortgage broker that there IS as Santa Claus.”
I actually laughed out loud on that one…
December 18, 2007 at 5:56 AM #1195984plexowner
ParticipantAlan Greenspan talking about the housing market:
“It’s very critical that this thing reach a selling climax — if I may put it in other words, exhaust itself,” Greenspan said. “It’s only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.”
~
Mr Greenspan is talking about market sentiment – the psychology of the housing market (actually human psychology being displayed via the markets) has changed from bullish to bearish and WILL NOT change to bullish again until the ‘selling climax’ occurs – none of the bailouts are going to change human psychology and Mr Greenspan understands this – smart money (investors) understand this too
As an alternative to ineffective bailouts related to interest rate fixing, Mr Greenspan appears to be proposing that we allow the market to tank (since it’s going to anyway) and then mail taxpayer-funded checks directly to all the FBs in America (or only the ones who are really in need? as determined by who?) – so the FB who paid $700K for a low-quality tract home that is now worth $349K gets a check for $351K
It’s all funny money anyway so what difference does it make?
December 18, 2007 at 5:56 AM #119464ParticipantAlan Greenspan talking about the housing market:
“It’s very critical that this thing reach a selling climax — if I may put it in other words, exhaust itself,” Greenspan said. “It’s only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.”
~
Mr Greenspan is talking about market sentiment – the psychology of the housing market (actually human psychology being displayed via the markets) has changed from bullish to bearish and WILL NOT change to bullish again until the ‘selling climax’ occurs – none of the bailouts are going to change human psychology and Mr Greenspan understands this – smart money (investors) understand this too
As an alternative to ineffective bailouts related to interest rate fixing, Mr Greenspan appears to be proposing that we allow the market to tank (since it’s going to anyway) and then mail taxpayer-funded checks directly to all the FBs in America (or only the ones who are really in need? as determined by who?) – so the FB who paid $700K for a low-quality tract home that is now worth $349K gets a check for $351K
It’s all funny money anyway so what difference does it make?
December 18, 2007 at 5:56 AM #119630ParticipantAlan Greenspan talking about the housing market:
“It’s very critical that this thing reach a selling climax — if I may put it in other words, exhaust itself,” Greenspan said. “It’s only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.”
~
Mr Greenspan is talking about market sentiment – the psychology of the housing market (actually human psychology being displayed via the markets) has changed from bullish to bearish and WILL NOT change to bullish again until the ‘selling climax’ occurs – none of the bailouts are going to change human psychology and Mr Greenspan understands this – smart money (investors) understand this too
As an alternative to ineffective bailouts related to interest rate fixing, Mr Greenspan appears to be proposing that we allow the market to tank (since it’s going to anyway) and then mail taxpayer-funded checks directly to all the FBs in America (or only the ones who are really in need? as determined by who?) – so the FB who paid $700K for a low-quality tract home that is now worth $349K gets a check for $351K
It’s all funny money anyway so what difference does it make?
December 18, 2007 at 5:56 AM #119675ParticipantAlan Greenspan talking about the housing market:
“It’s very critical that this thing reach a selling climax — if I may put it in other words, exhaust itself,” Greenspan said. “It’s only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.”
~
Mr Greenspan is talking about market sentiment – the psychology of the housing market (actually human psychology being displayed via the markets) has changed from bullish to bearish and WILL NOT change to bullish again until the ‘selling climax’ occurs – none of the bailouts are going to change human psychology and Mr Greenspan understands this – smart money (investors) understand this too
As an alternative to ineffective bailouts related to interest rate fixing, Mr Greenspan appears to be proposing that we allow the market to tank (since it’s going to anyway) and then mail taxpayer-funded checks directly to all the FBs in America (or only the ones who are really in need? as determined by who?) – so the FB who paid $700K for a low-quality tract home that is now worth $349K gets a check for $351K
It’s all funny money anyway so what difference does it make?
December 18, 2007 at 5:56 AM #119695ParticipantAlan Greenspan talking about the housing market:
“It’s very critical that this thing reach a selling climax — if I may put it in other words, exhaust itself,” Greenspan said. “It’s only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.”
~
Mr Greenspan is talking about market sentiment – the psychology of the housing market (actually human psychology being displayed via the markets) has changed from bullish to bearish and WILL NOT change to bullish again until the ‘selling climax’ occurs – none of the bailouts are going to change human psychology and Mr Greenspan understands this – smart money (investors) understand this too
As an alternative to ineffective bailouts related to interest rate fixing, Mr Greenspan appears to be proposing that we allow the market to tank (since it’s going to anyway) and then mail taxpayer-funded checks directly to all the FBs in America (or only the ones who are really in need? as determined by who?) – so the FB who paid $700K for a low-quality tract home that is now worth $349K gets a check for $351K
It’s all funny money anyway so what difference does it make?
December 18, 2007 at 8:50 AM #119549HLS
ParticipantKev,
You need to start talking to people who understand what is happening, and not those who are in denial…Their income depends on being unrealistic/optimistic.
He’s entitled to his opinion.It might help in the midwest or cheap home areas, but it isn’t going to help So Cal.
Warren Buffet said it best: “Never ask a barber if you need a haircut”
December 18, 2007 at 8:50 AM #119683ParticipantKev,
You need to start talking to people who understand what is happening, and not those who are in denial…Their income depends on being unrealistic/optimistic.
He’s entitled to his opinion.It might help in the midwest or cheap home areas, but it isn’t going to help So Cal.
Warren Buffet said it best: “Never ask a barber if you need a haircut”
December 18, 2007 at 8:50 AM #119716ParticipantKev,
You need to start talking to people who understand what is happening, and not those who are in denial…Their income depends on being unrealistic/optimistic.
He’s entitled to his opinion.It might help in the midwest or cheap home areas, but it isn’t going to help So Cal.
Warren Buffet said it best: “Never ask a barber if you need a haircut”
December 18, 2007 at 8:50 AM #119781ParticipantKev,
You need to start talking to people who understand what is happening, and not those who are in denial…Their income depends on being unrealistic/optimistic.
He’s entitled to his opinion.It might help in the midwest or cheap home areas, but it isn’t going to help So Cal.
Warren Buffet said it best: “Never ask a barber if you need a haircut”
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