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  • October 13, 2009 at 4:24 PM #469126
    an
    Participant

    I never said anything about them being successful or not. I don’t know if you misunderstood me or not, all I know is you jumped down my throat for saying I believe they’re trying to re-inflate. I never question your belief. I do believe like you do that they’re trying to keep things from getting worse. But I’m too cynical to think that they’ll only take it that far or being able to take it just that far.

    October 13, 2009 at 4:37 PM #468302
    sdcellar
    Participant

    I’d agree. If they get an inch, they’ll try to take a mile. Personally, I still don’t think even the PTB believes they can get things back to where they were, but with each bit of progress, even that is subject to re-assessment.

    October 13, 2009 at 4:37 PM #468485
    sdcellar
    Participant

    I’d agree. If they get an inch, they’ll try to take a mile. Personally, I still don’t think even the PTB believes they can get things back to where they were, but with each bit of progress, even that is subject to re-assessment.

    October 13, 2009 at 4:37 PM #468845
    sdcellar
    Participant

    I’d agree. If they get an inch, they’ll try to take a mile. Personally, I still don’t think even the PTB believes they can get things back to where they were, but with each bit of progress, even that is subject to re-assessment.

    October 13, 2009 at 4:37 PM #468917
    sdcellar
    Participant

    I’d agree. If they get an inch, they’ll try to take a mile. Personally, I still don’t think even the PTB believes they can get things back to where they were, but with each bit of progress, even that is subject to re-assessment.

    October 13, 2009 at 4:37 PM #469131
    sdcellar
    Participant

    I’d agree. If they get an inch, they’ll try to take a mile. Personally, I still don’t think even the PTB believes they can get things back to where they were, but with each bit of progress, even that is subject to re-assessment.

    October 13, 2009 at 4:58 PM #468347
    CricketOnTheHearth
    Participant

    They “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.

    Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.

    Kinda sounds like renting…

    October 13, 2009 at 4:58 PM #468530
    CricketOnTheHearth
    Participant

    They “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.

    Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.

    Kinda sounds like renting…

    October 13, 2009 at 4:58 PM #468889
    CricketOnTheHearth
    Participant

    They “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.

    Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.

    Kinda sounds like renting…

    October 13, 2009 at 4:58 PM #468962
    CricketOnTheHearth
    Participant

    They “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.

    Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.

    Kinda sounds like renting…

    October 13, 2009 at 4:58 PM #469175
    CricketOnTheHearth
    Participant

    They “have to” reinflate to 2005 pricing (or believe they have to) to make the balance sheets actually reflect market again (what they say their stuff is worth is actually what it’s worth). Of course that’s only for the mortgages on the balance sheets of the banks or MERS or whoever.

    Just for grins let’s extrapolate what they maybe are trying to do. So say they get prices back up to bubble levels. Maybe then the pigeons (homeloaners) in these mortgage can/will sell– for more bubble prices. The only people who will be able to buy at bubble prices will be those who get new “magic mortgages”. The only way to keep the new magic mortgages from blowing up will be to have them not ever recast/reset. I.e. the new pigeons pay pennies on the dollar per month and way less than needed to actually repay the loan, forever. If the prices keep going up above 2005 bubble levels, the only way to keep the pigeons in these houses will be to reduce their interest rate down and down until it is zero. Next thing you know, they will be in the house for practically free– but be paying the bank in perpetuity and never own the house free and clear.

    Kinda sounds like renting…

    October 13, 2009 at 5:04 PM #468352
    an
    Participant

    CricketOnTheHearth, your scenario sounds like what has been happening for the last 30 or so years. Interest rate continue to go down while price continue to go up. All the while, the dollar continue to get weaker, while wages going up. So, what they’re trying to do now is no different that what they’ve been doing for the last 30 years?

    October 13, 2009 at 5:04 PM #468535
    an
    Participant

    CricketOnTheHearth, your scenario sounds like what has been happening for the last 30 or so years. Interest rate continue to go down while price continue to go up. All the while, the dollar continue to get weaker, while wages going up. So, what they’re trying to do now is no different that what they’ve been doing for the last 30 years?

    October 13, 2009 at 5:04 PM #468894
    an
    Participant

    CricketOnTheHearth, your scenario sounds like what has been happening for the last 30 or so years. Interest rate continue to go down while price continue to go up. All the while, the dollar continue to get weaker, while wages going up. So, what they’re trying to do now is no different that what they’ve been doing for the last 30 years?

    October 13, 2009 at 5:04 PM #468967
    an
    Participant

    CricketOnTheHearth, your scenario sounds like what has been happening for the last 30 or so years. Interest rate continue to go down while price continue to go up. All the while, the dollar continue to get weaker, while wages going up. So, what they’re trying to do now is no different that what they’ve been doing for the last 30 years?

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