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  • May 11, 2011 at 1:25 PM #695671
    bearishgurl
    Participant

    [quote=walterwhite]17 mile drive is among the nicest bicycle ride routes you can take in the USA and it’s in Monterey. Ultimately pointless of course, but beautiful beyond description.[/quote]

    This is what I’m trying to drive home here, scaredy. Spotted deer running on the beach and matching spotted seals make this a tourist area. This is one of the jewels of CA. It is NOT a middle-class or working-class family area (that FNMA and FDMC backed mortgages are in place to assist) and never will be.

    May 11, 2011 at 1:34 PM #694487
    bearishgurl
    Participant

    OTOH, Fannie/Freddie is in place to assist homebuyers in Salinas :=) A $483K conforming limit is more than adequate for this purpose.

    May 11, 2011 at 1:34 PM #694571
    bearishgurl
    Participant

    OTOH, Fannie/Freddie is in place to assist homebuyers in Salinas :=) A $483K conforming limit is more than adequate for this purpose.

    May 11, 2011 at 1:34 PM #695175
    bearishgurl
    Participant

    OTOH, Fannie/Freddie is in place to assist homebuyers in Salinas :=) A $483K conforming limit is more than adequate for this purpose.

    May 11, 2011 at 1:34 PM #695324
    bearishgurl
    Participant

    OTOH, Fannie/Freddie is in place to assist homebuyers in Salinas :=) A $483K conforming limit is more than adequate for this purpose.

    May 11, 2011 at 1:34 PM #695676
    bearishgurl
    Participant

    OTOH, Fannie/Freddie is in place to assist homebuyers in Salinas :=) A $483K conforming limit is more than adequate for this purpose.

    May 11, 2011 at 9:44 PM #694694
    paramount
    Participant

    Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.

    May 11, 2011 at 9:44 PM #694778
    paramount
    Participant

    Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.

    May 11, 2011 at 9:44 PM #695383
    paramount
    Participant

    Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.

    May 11, 2011 at 9:44 PM #695530
    paramount
    Participant

    Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.

    May 11, 2011 at 9:44 PM #695885
    paramount
    Participant

    Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.

    May 11, 2011 at 9:57 PM #694704
    bearishgurl
    Participant

    [quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]

    paramount, it’s very simple. Your (bolded) statement is correct with a caveat. “Market forces” are comprised of human buyers and they are different in different locations. Some “market forces” are far more dependent on “gov’t intervention” than others. Those are ARE dependent on “gov’t intervention” will have to offer less in the markets they shop in if the government lowers their loan limit that they will guarantee or pulls out entirely. The markets they DON’T shop in (because they can’t possibly qualify to buy in them) will not be affected by less government intervention.

    May 11, 2011 at 9:57 PM #694788
    bearishgurl
    Participant

    [quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]

    paramount, it’s very simple. Your (bolded) statement is correct with a caveat. “Market forces” are comprised of human buyers and they are different in different locations. Some “market forces” are far more dependent on “gov’t intervention” than others. Those are ARE dependent on “gov’t intervention” will have to offer less in the markets they shop in if the government lowers their loan limit that they will guarantee or pulls out entirely. The markets they DON’T shop in (because they can’t possibly qualify to buy in them) will not be affected by less government intervention.

    May 11, 2011 at 9:57 PM #695393
    bearishgurl
    Participant

    [quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]

    paramount, it’s very simple. Your (bolded) statement is correct with a caveat. “Market forces” are comprised of human buyers and they are different in different locations. Some “market forces” are far more dependent on “gov’t intervention” than others. Those are ARE dependent on “gov’t intervention” will have to offer less in the markets they shop in if the government lowers their loan limit that they will guarantee or pulls out entirely. The markets they DON’T shop in (because they can’t possibly qualify to buy in them) will not be affected by less government intervention.

    May 11, 2011 at 9:57 PM #695540
    bearishgurl
    Participant

    [quote=paramount]Since many piggs are part of the FIRE industries it comes as no surprise so many are pooh-poohing the article and notion that real estate still has a ways to fall. It’s local, it’s this, it’s that, bla bla bla.

    Makes perfect sense to me: at some point market forces will overpower gov’t intervention and find true equilibrium.[/quote]

    paramount, it’s very simple. Your (bolded) statement is correct with a caveat. “Market forces” are comprised of human buyers and they are different in different locations. Some “market forces” are far more dependent on “gov’t intervention” than others. Those are ARE dependent on “gov’t intervention” will have to offer less in the markets they shop in if the government lowers their loan limit that they will guarantee or pulls out entirely. The markets they DON’T shop in (because they can’t possibly qualify to buy in them) will not be affected by less government intervention.

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