Underwater Homeowners Thread

[Allan from Fallbrook]

TG: I would go one step further and look back on two decades of extremely loose monetary policy as well. Not only has the FED completely abandoned its core mandate in terms of currency protection and fiscal responsibility, it threw untold gallons of fuel on the fire.

You want to talk about “entitlement”: There was no way in hell that Greenspan was going to allow the natural market forces to play their part and correct (thereby causing the US Consumer pain and discomfort). Nope. He was going to game the system through currency and interest rate manipulation.

While 2003 was undoubtedly an important year, this situation has been building since the 1970s.

[paramount]

Brian: I’ll try to respond calmly….what makes me feel entitled to protection…They go by the name of LAWS for God’s sake!!!!!!!

I AM ENTITLED TO PROTECTION UNDER THE LAW!!!!!!!!!!

And so is everyone else on this board.

[paramount]

Brian: I’ll try to respond calmly….what makes me feel entitled to protection…They go by the name of LAWS for God’s sake!!!!!!!

I AM ENTITLED TO PROTECTION UNDER THE LAW!!!!!!!!!!

And so is everyone else on this board.

[paramount]

Brian: I’ll try to respond calmly….what makes me feel entitled to protection…They go by the name of LAWS for God’s sake!!!!!!!

I AM ENTITLED TO PROTECTION UNDER THE LAW!!!!!!!!!!

And so is everyone else on this board.

[paramount]

Brian: I’ll try to respond calmly….what makes me feel entitled to protection…They go by the name of LAWS for God’s sake!!!!!!!

I AM ENTITLED TO PROTECTION UNDER THE LAW!!!!!!!!!!

And so is everyone else on this board.

[paramount]

Brian: I’ll try to respond calmly….what makes me feel entitled to protection…They go by the name of LAWS for God’s sake!!!!!!!

I AM ENTITLED TO PROTECTION UNDER THE LAW!!!!!!!!!!

And so is everyone else on this board.

[NotCranky]

TG,
I am definitely with you on the most fo the front side of your analysis TG. Not sure if a retreat might not have come about from 2003 one way or another without the second funny money bubble effect.

You are probably in the ball park on the future too but I have more of a wait and see attitude for the future.Is the situation realtive to the recession/ddddddddddepression this time worse? Much worse….different this time.I don’t know but it is possible.I certainly didn’t have all these “conspiracy theories” to ponder before the foray into OT here on piggingtons.Fact is this is the first recession in my life that I have ever even been much sensitized to, starting 3 or 4 years ago.

The housing bottom will be placed one way or another, by nuevo dollares or whatever it takes. Just not sure it will be a conventional slightly changed cycle. If I had to bet on it, I would say yes, this time… But how can you feel so certain?
Or what is the rational for certainty? “Faith in America”? Nothing wrong with that just curious.

[NotCranky]

TG,
I am definitely with you on the most fo the front side of your analysis TG. Not sure if a retreat might not have come about from 2003 one way or another without the second funny money bubble effect.

You are probably in the ball park on the future too but I have more of a wait and see attitude for the future.Is the situation realtive to the recession/ddddddddddepression this time worse? Much worse….different this time.I don’t know but it is possible.I certainly didn’t have all these “conspiracy theories” to ponder before the foray into OT here on piggingtons.Fact is this is the first recession in my life that I have ever even been much sensitized to, starting 3 or 4 years ago.

The housing bottom will be placed one way or another, by nuevo dollares or whatever it takes. Just not sure it will be a conventional slightly changed cycle. If I had to bet on it, I would say yes, this time… But how can you feel so certain?
Or what is the rational for certainty? “Faith in America”? Nothing wrong with that just curious.

[NotCranky]

TG,
I am definitely with you on the most fo the front side of your analysis TG. Not sure if a retreat might not have come about from 2003 one way or another without the second funny money bubble effect.

You are probably in the ball park on the future too but I have more of a wait and see attitude for the future.Is the situation realtive to the recession/ddddddddddepression this time worse? Much worse….different this time.I don’t know but it is possible.I certainly didn’t have all these “conspiracy theories” to ponder before the foray into OT here on piggingtons.Fact is this is the first recession in my life that I have ever even been much sensitized to, starting 3 or 4 years ago.

The housing bottom will be placed one way or another, by nuevo dollares or whatever it takes. Just not sure it will be a conventional slightly changed cycle. If I had to bet on it, I would say yes, this time… But how can you feel so certain?
Or what is the rational for certainty? “Faith in America”? Nothing wrong with that just curious.

[NotCranky]

TG,
I am definitely with you on the most fo the front side of your analysis TG. Not sure if a retreat might not have come about from 2003 one way or another without the second funny money bubble effect.

You are probably in the ball park on the future too but I have more of a wait and see attitude for the future.Is the situation realtive to the recession/ddddddddddepression this time worse? Much worse….different this time.I don’t know but it is possible.I certainly didn’t have all these “conspiracy theories” to ponder before the foray into OT here on piggingtons.Fact is this is the first recession in my life that I have ever even been much sensitized to, starting 3 or 4 years ago.

The housing bottom will be placed one way or another, by nuevo dollares or whatever it takes. Just not sure it will be a conventional slightly changed cycle. If I had to bet on it, I would say yes, this time… But how can you feel so certain?
Or what is the rational for certainty? “Faith in America”? Nothing wrong with that just curious.

[NotCranky]

TG,
I am definitely with you on the most fo the front side of your analysis TG. Not sure if a retreat might not have come about from 2003 one way or another without the second funny money bubble effect.

You are probably in the ball park on the future too but I have more of a wait and see attitude for the future.Is the situation realtive to the recession/ddddddddddepression this time worse? Much worse….different this time.I don’t know but it is possible.I certainly didn’t have all these “conspiracy theories” to ponder before the foray into OT here on piggingtons.Fact is this is the first recession in my life that I have ever even been much sensitized to, starting 3 or 4 years ago.

The housing bottom will be placed one way or another, by nuevo dollares or whatever it takes. Just not sure it will be a conventional slightly changed cycle. If I had to bet on it, I would say yes, this time… But how can you feel so certain?
Or what is the rational for certainty? “Faith in America”? Nothing wrong with that just curious.

[paramount]

I do wonder if there really is a dollar collapse how this will affect any recovery. Even factoring that in (as much as possible) I think TG is correct.

As a side note, this is what I don’t understand. I went by and looked at this property yesterday, nice house but 370k!?

http://www.redfin.com/CA/Temecula/33153-Romance-Pl-92592/home/6574149

According to my calculations, this house is worth around 240k or so.

[paramount]

I do wonder if there really is a dollar collapse how this will affect any recovery. Even factoring that in (as much as possible) I think TG is correct.

As a side note, this is what I don’t understand. I went by and looked at this property yesterday, nice house but 370k!?

http://www.redfin.com/CA/Temecula/33153-Romance-Pl-92592/home/6574149

According to my calculations, this house is worth around 240k or so.

[paramount]

I do wonder if there really is a dollar collapse how this will affect any recovery. Even factoring that in (as much as possible) I think TG is correct.

As a side note, this is what I don’t understand. I went by and looked at this property yesterday, nice house but 370k!?

http://www.redfin.com/CA/Temecula/33153-Romance-Pl-92592/home/6574149

According to my calculations, this house is worth around 240k or so.

[paramount]

I do wonder if there really is a dollar collapse how this will affect any recovery. Even factoring that in (as much as possible) I think TG is correct.

As a side note, this is what I don’t understand. I went by and looked at this property yesterday, nice house but 370k!?

http://www.redfin.com/CA/Temecula/33153-Romance-Pl-92592/home/6574149

According to my calculations, this house is worth around 240k or so.

[Author]

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