Foreclosure ban end.

[scaredyclassic]

[quote=sdrealtor][quote=Coronita]I am sure i am wrong some of the time.

Murphy law of investing:

The correct decision often times seem to be the decision I did not take after trying to rationalize the decision I did take as the most intuitive decision….

My Solution:

Therefore, if i continue to do the exact same thing in rationalizing every investment decision I make, but for 50% of the time, do exactly the opposite of what I would have done, then on average, I probably will be correct 25-50% of the time instead of being consistently 100% wrong.

Corrollary to this: as smart as engineers like to think we are, there are a lot less nerdie people in this world that have made a lot more money making irrationale decisions versus our tendency of analysis to paralysis and doing nothing in the end…

Some of you guys need to do something crazy..like buy dogecoins…makes no sense whatsoever…but thats exactly the point….[/quote]

That’s the George Costanza strategy. Think what you want to do, then do the opposite!

And you’ve come upon my nitwit theory I’ve explained to countless clients. Prices are not set by the smartest people they are set by the richest nitwit. Then the smart people end up paying that and more[/quote]

Is it untrue that a fool and his money are soon parted?

I suspect there may be fine distinctions in economic behavior between fools, nitwits and morons. Like, some idiocy is desirable, while others is not.

Theory might apply in politics, too. Policy is set by the richest nitwit.

[barnaby33]

Yes Josh you have been wrong about lots of things. Remember that Napa Cab we had at Sbicca last year you thought was just OK

Yes well it was stacked against an 87 Dunn Howell Mountain. If I remember correctly the wine in question had a rather “Scottish” sounding name. I stand by my memory of it and will double down with, you and they love oak, not wine.

Texas is wonderful, if you love extreme weather flat land and folks who are really friendly until they find out you don’t go to their church!

Oh scardy, is there a thread you don’t hijack to use us as your therapists?
Josh

[sdrealtor]

That’s the one! And they don’t over oak the wine. I’ve had it at 10 years and it’s a whole norther level. Maybe compared to an 87 Dunn hm but that wine is the best thing coming out of Napa plus they are making constellation look foolish to boot. Wait list is around 20 years to get on that list now

[Coronita]

[quote=sdrealtor]That’s the one! And they don’t over oak the wine. I’ve had it at 10 years and it’s a whole norther level. Maybe compared to an 87 Dunn hm but that wine is the best thing coming out of Napa plus they are making constellation look foolish to boot. Wait list is around 20 years to get on that list now[/quote]

Can I land my helicopter at the winery there?

[scaredyclassic]

[quote=barnaby33]

Oh scardy, is there a thread you don’t hijack to use us as your therapists?
Josh[/quote]

You’re right. I’ll try to be more sensitive to this absurd behavior pattern moving forward.

[gzz]

Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.

[Coronita]

[quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]

Thats what i was wondering. Hows the loan quality now versus circa 2006

[scaredyclassic]

[quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]

Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]

Must be better. How could it be worse?

Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.

Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?

I’d be curious if Americans are taking lots of $ out for consumption.

[Coronita]

[quote=scaredyclassic][quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]

Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]

Must be better. How could it be worse?

Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.

Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?

I’d be curious if Americans are taking lots of $ out for consumption.[/quote]

Well,I do see a lot of people driving newer cool cars!!!

[barnaby33]

Wait you forgot the sarcasm tags!

Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.

[sdrealtor]

[quote=scaredyclassic][quote=Coronita][quote=gzz]Escoguy, I agree with what you said, especially about how conservative underwriting has been the ENTIRE TIME the market has been rising starting around 2010.[/quote]

Thats what i was wondering. Hows the loan quality now versus circa 2006[/quote]

Must be better. How could it be worse?

Odd thing pricing a refi yesterday. It was significantly cheaper to do a large cash out refi than just the balance of the mortgage.

Not sure what this means. We will give you a lower rate for more money, please, just take this damn icky money? Is cash really trash? It made me not want the money. Why would I want something they have to give me more of to cart away?

I’d be curious if Americans are taking lots of $ out for consumption.[/quote]

Many costs to do refi are fixed for lender. larger loan means more profit dollars to amortize those fixed costs over. thats why small loans are more expensive

[sdrealtor]

Inflation reported this morning is highest in 13 years. Who would’ve guessed? Get ready for more. Holders of hard assets gonna be the winners

[an]

[quote=sdrealtor]Inflation reported this morning is highest in 13 years. Who would’ve guessed? Get ready for more. Holders of hard assets gonna be the winners[/quote]
Lets go!!!

[Coronita]

[quote=an][quote=sdrealtor]Inflation reported this morning is highest in 13 years. Who would’ve guessed? Get ready for more. Holders of hard assets gonna be the winners[/quote]
Lets go!!![/quote]

Go Joe Go!

[an]

[quote=Coronita][quote=an][quote=sdrealtor]Inflation reported this morning is highest in 13 years. Who would’ve guessed? Get ready for more. Holders of hard assets gonna be the winners[/quote]
Lets go!!![/quote]
Go Joe Go![/quote]
Go Joe Go!!! When can I see double digit inflation Joe?

[Author]

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