screw you guys, i’m going … hoooome…

[Raybyrnes]

patientlywaiting

I used Buffet as an Example of one company that has the financial wherewithall to go against the grain.

Lat I heard a company from Dubai bought a controlling interest in John Laing. Who is to say that with a falling dollar that another foreign country might not step in and do a buyout.

I don’t see this as feel good.

[patientlywaiting]

Emaar Properties properties bought John Laing at the very peak of the housing market. They are probably feeling like suckers right now because the slumping US housing market and the drop in dollar exchange rates have caused their investment in John Laing to evaporate. Poof, just like that.

Think of all the foreigners (Deutsche Bank, HSBC,etc…) who bought US assets. Their investments are now worthless if you count exchange rates.

HSBC bought Household Finance for $14.3 billion. When the mortgage mess began, they wrote off $11 billion. HSBC just wrote off another $3.4 billion. The value of HSBC’s American assets is now negative.

Without HSBC, Household would have been out of business a long time ago. HSBC management and shareholders have to be feeling like the biggest suckers ever born.

http://news.independent.co.uk/business/news/article2328846.ece

http://www.guardian.co.uk/business/2007/nov/15/hsbcholdingsbusiness.creditcrunch

Will the foreigners be stupid enough to throw more money after bad? Or will they shut their US operations and move on?

Mortgage losses are expected to be $400 billion and I believe we’re only at about $50 billion in write downs so far. 1/2 of the subprime money lent will be lost. We still have a long, long way to go.

The $2 trillion credit crunch will last for years.
http://www.forbes.com/business/2007/11/16/goldman-credit-fed-biz-wall-cx_lm_1116goldman.html

[patientlywaiting]

Emaar Properties properties bought John Laing at the very peak of the housing market. They are probably feeling like suckers right now because the slumping US housing market and the drop in dollar exchange rates have caused their investment in John Laing to evaporate. Poof, just like that.

Think of all the foreigners (Deutsche Bank, HSBC,etc…) who bought US assets. Their investments are now worthless if you count exchange rates.

HSBC bought Household Finance for $14.3 billion. When the mortgage mess began, they wrote off $11 billion. HSBC just wrote off another $3.4 billion. The value of HSBC’s American assets is now negative.

Without HSBC, Household would have been out of business a long time ago. HSBC management and shareholders have to be feeling like the biggest suckers ever born.

http://news.independent.co.uk/business/news/article2328846.ece

http://www.guardian.co.uk/business/2007/nov/15/hsbcholdingsbusiness.creditcrunch

Will the foreigners be stupid enough to throw more money after bad? Or will they shut their US operations and move on?

Mortgage losses are expected to be $400 billion and I believe we’re only at about $50 billion in write downs so far. 1/2 of the subprime money lent will be lost. We still have a long, long way to go.

The $2 trillion credit crunch will last for years.
http://www.forbes.com/business/2007/11/16/goldman-credit-fed-biz-wall-cx_lm_1116goldman.html

[patientlywaiting]

Emaar Properties properties bought John Laing at the very peak of the housing market. They are probably feeling like suckers right now because the slumping US housing market and the drop in dollar exchange rates have caused their investment in John Laing to evaporate. Poof, just like that.

Think of all the foreigners (Deutsche Bank, HSBC,etc…) who bought US assets. Their investments are now worthless if you count exchange rates.

HSBC bought Household Finance for $14.3 billion. When the mortgage mess began, they wrote off $11 billion. HSBC just wrote off another $3.4 billion. The value of HSBC’s American assets is now negative.

Without HSBC, Household would have been out of business a long time ago. HSBC management and shareholders have to be feeling like the biggest suckers ever born.

http://news.independent.co.uk/business/news/article2328846.ece

http://www.guardian.co.uk/business/2007/nov/15/hsbcholdingsbusiness.creditcrunch

Will the foreigners be stupid enough to throw more money after bad? Or will they shut their US operations and move on?

Mortgage losses are expected to be $400 billion and I believe we’re only at about $50 billion in write downs so far. 1/2 of the subprime money lent will be lost. We still have a long, long way to go.

The $2 trillion credit crunch will last for years.
http://www.forbes.com/business/2007/11/16/goldman-credit-fed-biz-wall-cx_lm_1116goldman.html

[patientlywaiting]

Emaar Properties properties bought John Laing at the very peak of the housing market. They are probably feeling like suckers right now because the slumping US housing market and the drop in dollar exchange rates have caused their investment in John Laing to evaporate. Poof, just like that.

Think of all the foreigners (Deutsche Bank, HSBC,etc…) who bought US assets. Their investments are now worthless if you count exchange rates.

HSBC bought Household Finance for $14.3 billion. When the mortgage mess began, they wrote off $11 billion. HSBC just wrote off another $3.4 billion. The value of HSBC’s American assets is now negative.

Without HSBC, Household would have been out of business a long time ago. HSBC management and shareholders have to be feeling like the biggest suckers ever born.

http://news.independent.co.uk/business/news/article2328846.ece

http://www.guardian.co.uk/business/2007/nov/15/hsbcholdingsbusiness.creditcrunch

Will the foreigners be stupid enough to throw more money after bad? Or will they shut their US operations and move on?

Mortgage losses are expected to be $400 billion and I believe we’re only at about $50 billion in write downs so far. 1/2 of the subprime money lent will be lost. We still have a long, long way to go.

The $2 trillion credit crunch will last for years.
http://www.forbes.com/business/2007/11/16/goldman-credit-fed-biz-wall-cx_lm_1116goldman.html

[patientlywaiting]

Emaar Properties properties bought John Laing at the very peak of the housing market. They are probably feeling like suckers right now because the slumping US housing market and the drop in dollar exchange rates have caused their investment in John Laing to evaporate. Poof, just like that.

Think of all the foreigners (Deutsche Bank, HSBC,etc…) who bought US assets. Their investments are now worthless if you count exchange rates.

HSBC bought Household Finance for $14.3 billion. When the mortgage mess began, they wrote off $11 billion. HSBC just wrote off another $3.4 billion. The value of HSBC’s American assets is now negative.

Without HSBC, Household would have been out of business a long time ago. HSBC management and shareholders have to be feeling like the biggest suckers ever born.

http://news.independent.co.uk/business/news/article2328846.ece

http://www.guardian.co.uk/business/2007/nov/15/hsbcholdingsbusiness.creditcrunch

Will the foreigners be stupid enough to throw more money after bad? Or will they shut their US operations and move on?

Mortgage losses are expected to be $400 billion and I believe we’re only at about $50 billion in write downs so far. 1/2 of the subprime money lent will be lost. We still have a long, long way to go.

The $2 trillion credit crunch will last for years.
http://www.forbes.com/business/2007/11/16/goldman-credit-fed-biz-wall-cx_lm_1116goldman.html

[Raybyrnes]

patientlywaiting

So there are buyers at very high prices but fewer buyers at significantly lower prices.

As far as I can tell people got to live soemwhere so homebuilding isn’t going away. And the the population isn’t shrinking.

[Raybyrnes]

patientlywaiting

So there are buyers at very high prices but fewer buyers at significantly lower prices.

As far as I can tell people got to live soemwhere so homebuilding isn’t going away. And the the population isn’t shrinking.

[Raybyrnes]

patientlywaiting

So there are buyers at very high prices but fewer buyers at significantly lower prices.

As far as I can tell people got to live soemwhere so homebuilding isn’t going away. And the the population isn’t shrinking.

[Raybyrnes]

patientlywaiting

So there are buyers at very high prices but fewer buyers at significantly lower prices.

As far as I can tell people got to live soemwhere so homebuilding isn’t going away. And the the population isn’t shrinking.

[Raybyrnes]

patientlywaiting

So there are buyers at very high prices but fewer buyers at significantly lower prices.

As far as I can tell people got to live soemwhere so homebuilding isn’t going away. And the the population isn’t shrinking.

[temeculaguy]

http://www.cnbc.com/id/21839152/for/cnbc/

According to this article, that “screw you, no price cuts” plan will probably last a week. Erven the NAHB economists said “2008 will be a year of systematic price erosion” translated, prices will go down. The market psyche was insane on the way up and is now showing some insanity on the way down. Every time they lower prices, less buyers come and more cancel, all thinking the cuts will continue, it’s DejaVu in reverse.

Speaking of saving the builders, what happens when a few biggies fall? I see no way SPF makes it throught the month, it fell another 15% today and it is now earning a negative six dollars per share, twice it’s value. How long can a three dollar stock lose six dollars. I looked at one of the projects today, nice houses, one standing inventory was loaded to the gils, 2500 sq ft, and after incentives, 340k, no closing costs and 5 3/4 fixed. I did exactly what the article said, walked out and thought to myself, it’ll go lower.

[temeculaguy]

http://www.cnbc.com/id/21839152/for/cnbc/

According to this article, that “screw you, no price cuts” plan will probably last a week. Erven the NAHB economists said “2008 will be a year of systematic price erosion” translated, prices will go down. The market psyche was insane on the way up and is now showing some insanity on the way down. Every time they lower prices, less buyers come and more cancel, all thinking the cuts will continue, it’s DejaVu in reverse.

Speaking of saving the builders, what happens when a few biggies fall? I see no way SPF makes it throught the month, it fell another 15% today and it is now earning a negative six dollars per share, twice it’s value. How long can a three dollar stock lose six dollars. I looked at one of the projects today, nice houses, one standing inventory was loaded to the gils, 2500 sq ft, and after incentives, 340k, no closing costs and 5 3/4 fixed. I did exactly what the article said, walked out and thought to myself, it’ll go lower.

[temeculaguy]

http://www.cnbc.com/id/21839152/for/cnbc/

According to this article, that “screw you, no price cuts” plan will probably last a week. Erven the NAHB economists said “2008 will be a year of systematic price erosion” translated, prices will go down. The market psyche was insane on the way up and is now showing some insanity on the way down. Every time they lower prices, less buyers come and more cancel, all thinking the cuts will continue, it’s DejaVu in reverse.

Speaking of saving the builders, what happens when a few biggies fall? I see no way SPF makes it throught the month, it fell another 15% today and it is now earning a negative six dollars per share, twice it’s value. How long can a three dollar stock lose six dollars. I looked at one of the projects today, nice houses, one standing inventory was loaded to the gils, 2500 sq ft, and after incentives, 340k, no closing costs and 5 3/4 fixed. I did exactly what the article said, walked out and thought to myself, it’ll go lower.

[temeculaguy]

http://www.cnbc.com/id/21839152/for/cnbc/

According to this article, that “screw you, no price cuts” plan will probably last a week. Erven the NAHB economists said “2008 will be a year of systematic price erosion” translated, prices will go down. The market psyche was insane on the way up and is now showing some insanity on the way down. Every time they lower prices, less buyers come and more cancel, all thinking the cuts will continue, it’s DejaVu in reverse.

Speaking of saving the builders, what happens when a few biggies fall? I see no way SPF makes it throught the month, it fell another 15% today and it is now earning a negative six dollars per share, twice it’s value. How long can a three dollar stock lose six dollars. I looked at one of the projects today, nice houses, one standing inventory was loaded to the gils, 2500 sq ft, and after incentives, 340k, no closing costs and 5 3/4 fixed. I did exactly what the article said, walked out and thought to myself, it’ll go lower.

[Author]

Posts