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NotCranky.
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July 24, 2008 at 1:21 PM #246286July 24, 2008 at 1:21 PM #246344
gdcox
ParticipantBe careful with these futures markets. The latest data for Q1 shows only 1428 contracts. That is 22 per day spread over all the contracts. For example, Los Angeles did not trade today. I bet the bid offer spread is very wide.
Doesn’t mean it is wrong, but it is far from the word of God on those volumes
July 24, 2008 at 1:21 PM #246350ParticipantBe careful with these futures markets. The latest data for Q1 shows only 1428 contracts. That is 22 per day spread over all the contracts. For example, Los Angeles did not trade today. I bet the bid offer spread is very wide.
Doesn’t mean it is wrong, but it is far from the word of God on those volumes
July 24, 2008 at 4:44 PM #246336latesummer2008
ParticipantLate Summer of 08′ appears to be a good time to start nibbling around the edges in S.D. I am sure there are some deals to be had if you do your homework and find a motivated seller. As for L.A., Late Summer of 09′ and into early 2010 could be a time to buy Real Estate. Alt-A mortgages will have a huge effect. You can check out the price hits just starting to take significant drops below.
July 24, 2008 at 4:44 PM #246486ParticipantLate Summer of 08′ appears to be a good time to start nibbling around the edges in S.D. I am sure there are some deals to be had if you do your homework and find a motivated seller. As for L.A., Late Summer of 09′ and into early 2010 could be a time to buy Real Estate. Alt-A mortgages will have a huge effect. You can check out the price hits just starting to take significant drops below.
July 24, 2008 at 4:44 PM #246493ParticipantLate Summer of 08′ appears to be a good time to start nibbling around the edges in S.D. I am sure there are some deals to be had if you do your homework and find a motivated seller. As for L.A., Late Summer of 09′ and into early 2010 could be a time to buy Real Estate. Alt-A mortgages will have a huge effect. You can check out the price hits just starting to take significant drops below.
July 24, 2008 at 4:44 PM #246549ParticipantLate Summer of 08′ appears to be a good time to start nibbling around the edges in S.D. I am sure there are some deals to be had if you do your homework and find a motivated seller. As for L.A., Late Summer of 09′ and into early 2010 could be a time to buy Real Estate. Alt-A mortgages will have a huge effect. You can check out the price hits just starting to take significant drops below.
July 24, 2008 at 4:44 PM #246555ParticipantLate Summer of 08′ appears to be a good time to start nibbling around the edges in S.D. I am sure there are some deals to be had if you do your homework and find a motivated seller. As for L.A., Late Summer of 09′ and into early 2010 could be a time to buy Real Estate. Alt-A mortgages will have a huge effect. You can check out the price hits just starting to take significant drops below.
July 24, 2008 at 5:49 PM #246391rocket science
ParticipantDon’t I keep reading that IndyMac specialized in Alt-A? Doesn’t that imply the shoe has already dropped? Or did the toe just hit and the rest is coming?
[quote=latesummer2008]Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. quote]
July 24, 2008 at 5:49 PM #246542ParticipantDon’t I keep reading that IndyMac specialized in Alt-A? Doesn’t that imply the shoe has already dropped? Or did the toe just hit and the rest is coming?
[quote=latesummer2008]Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. quote]
July 24, 2008 at 5:49 PM #246548ParticipantDon’t I keep reading that IndyMac specialized in Alt-A? Doesn’t that imply the shoe has already dropped? Or did the toe just hit and the rest is coming?
[quote=latesummer2008]Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. quote]
July 24, 2008 at 5:49 PM #246604ParticipantDon’t I keep reading that IndyMac specialized in Alt-A? Doesn’t that imply the shoe has already dropped? Or did the toe just hit and the rest is coming?
[quote=latesummer2008]Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. quote]
July 24, 2008 at 5:49 PM #246610ParticipantDon’t I keep reading that IndyMac specialized in Alt-A? Doesn’t that imply the shoe has already dropped? Or did the toe just hit and the rest is coming?
[quote=latesummer2008]Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. quote]
July 24, 2008 at 7:01 PM #246411ParticipantAlt-A loans were made by many banks to buyers with better than subprime credit, but with little verification of income. Many more affluent buyers used them for 1st and second homes. Sound familiar?
Tip of the iceberg with Indymac…
July 24, 2008 at 7:01 PM #246562ParticipantAlt-A loans were made by many banks to buyers with better than subprime credit, but with little verification of income. Many more affluent buyers used them for 1st and second homes. Sound familiar?
Tip of the iceberg with Indymac…
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