Ritholtz – Financial 2010 Presentation

[SD Transplant]

I wanted to share Berry Ritholtz’s presentation from yesterday. It’s about 54 pages w/ lots of cool data/charts/info..enjoy

http://www.scribd.com/doc/34638012/Agora-Vancouver-2010

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[weberlin]

Thanks for posting the link, a very informative presentation. I’m surprised nobody’s chimed in yet.

Question: Slide 19 claims there are $4 Trillion in excess mortgages. Is he saying that $4 Trillion dollars of debt in the mortgage market has no corresponding asset in the real world? In other words, due to shrinking real estate prices, housing collateral is $4 Trillion short of outstanding mortgage debt.

Slide 22 is interesting, too. 12 years to absorb the current excess inventory means housing prices are going to flounder for a long time. But I think we all kind of new that already.

[patb]

i believe your interpretation is correct, that
there are mortgages where the LTV exceeds 100%
and that it’s 4 trillion.

and the excess inventory is a little odd in that nevada has 100 years excess inventory while
NYC only maybe has 6 months.

[patb]

i believe your interpretation is correct, that
there are mortgages where the LTV exceeds 100%
and that it’s 4 trillion.

and the excess inventory is a little odd in that nevada has 100 years excess inventory while
NYC only maybe has 6 months.

[patb]

i believe your interpretation is correct, that
there are mortgages where the LTV exceeds 100%
and that it’s 4 trillion.

and the excess inventory is a little odd in that nevada has 100 years excess inventory while
NYC only maybe has 6 months.

[patb]

i believe your interpretation is correct, that
there are mortgages where the LTV exceeds 100%
and that it’s 4 trillion.

and the excess inventory is a little odd in that nevada has 100 years excess inventory while
NYC only maybe has 6 months.

[patb]

i believe your interpretation is correct, that
there are mortgages where the LTV exceeds 100%
and that it’s 4 trillion.

and the excess inventory is a little odd in that nevada has 100 years excess inventory while
NYC only maybe has 6 months.

[Author]

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