Where is the Outrage? Realtors gone amok,still ripping off the Banks

[JWM in SD]

NO, it isn’t OKay Bsharma. That is why the dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years. Into her MBZs and Beemers and whatever other crap she bought with those ill-gotten gains.

I will say it yet again so everyone understands this:

For the past several years M3 growth has flooded the marketplace with liquidity and that is why we have a housing bubble. The REIC has been grifting off that credit expansion. We are heading into deflation which historically results from a credit bubble.

[sdrealtor]

Bugs,
Someone has to be the ringleader!
sdr

[sdrealtor]

Bugs,
Someone has to be the ringleader!
sdr

[sdrealtor]

Bugs,
Someone has to be the ringleader!
sdr

[Bugs]

That’s true. Maybe Super Jannae really is the lynchpin in some market manipulation in those neighborhoods, too.

There’s just not enough information on those blog entries for me to make the assumption one way or the other about these sales. I think the buyers are being dumb from a financial perspective, but that doesn’t make these crooked deals. I guess if I looked around I could have an opinion but as of right now the use of 2001 sale prices as an indication that these are far overpriced in 2007 just doesn’t do it for me.

There are enough real problems out there to go chasing inconclusive scenarios.

[Bugs]

That’s true. Maybe Super Jannae really is the lynchpin in some market manipulation in those neighborhoods, too.

There’s just not enough information on those blog entries for me to make the assumption one way or the other about these sales. I think the buyers are being dumb from a financial perspective, but that doesn’t make these crooked deals. I guess if I looked around I could have an opinion but as of right now the use of 2001 sale prices as an indication that these are far overpriced in 2007 just doesn’t do it for me.

There are enough real problems out there to go chasing inconclusive scenarios.

[Bugs]

That’s true. Maybe Super Jannae really is the lynchpin in some market manipulation in those neighborhoods, too.

There’s just not enough information on those blog entries for me to make the assumption one way or the other about these sales. I think the buyers are being dumb from a financial perspective, but that doesn’t make these crooked deals. I guess if I looked around I could have an opinion but as of right now the use of 2001 sale prices as an indication that these are far overpriced in 2007 just doesn’t do it for me.

There are enough real problems out there to go chasing inconclusive scenarios.

[sdrealtor]

Bugs,
I know that market fairly well and those sales seem to be about $200,000 above the current market. Perhaps Ozzie will weigh in on his hood?
sdr

[sdrealtor]

Bugs,
I know that market fairly well and those sales seem to be about $200,000 above the current market. Perhaps Ozzie will weigh in on his hood?
sdr

[sdrealtor]

Bugs,
I know that market fairly well and those sales seem to be about $200,000 above the current market. Perhaps Ozzie will weigh in on his hood?
sdr

[bsrsharma]

“dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years.”

I haven’t read econ text books in a while, but I am fairly certain this is NOT a cause of $ decline. What Super Janae has done is (probably fraudulently) transferred wealth from an “investor” to herself. That doesn’t cause devaluation anymore than a pickpocket robbing you. What it will definitely do is discouraget any more “investors” from loaning out money, and that will raise mortgage rate skyhigh. That of course is going to kill RE market, making houses cheaper but without qualified buyers. BTW, many of these “investors” are overseas, and that may indirectly cause $ to drop as they liquidate $ holdings out of fear (as seems to be happening in Europe now).

[bsrsharma]

“dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years.”

I haven’t read econ text books in a while, but I am fairly certain this is NOT a cause of $ decline. What Super Janae has done is (probably fraudulently) transferred wealth from an “investor” to herself. That doesn’t cause devaluation anymore than a pickpocket robbing you. What it will definitely do is discouraget any more “investors” from loaning out money, and that will raise mortgage rate skyhigh. That of course is going to kill RE market, making houses cheaper but without qualified buyers. BTW, many of these “investors” are overseas, and that may indirectly cause $ to drop as they liquidate $ holdings out of fear (as seems to be happening in Europe now).

[bsrsharma]

“dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years.”

I haven’t read econ text books in a while, but I am fairly certain this is NOT a cause of $ decline. What Super Janae has done is (probably fraudulently) transferred wealth from an “investor” to herself. That doesn’t cause devaluation anymore than a pickpocket robbing you. What it will definitely do is discouraget any more “investors” from loaning out money, and that will raise mortgage rate skyhigh. That of course is going to kill RE market, making houses cheaper but without qualified buyers. BTW, many of these “investors” are overseas, and that may indirectly cause $ to drop as they liquidate $ holdings out of fear (as seems to be happening in Europe now).

[JWM in SD]

I didn’t say Super Janae was the cause. She is a symptom of an overheated credit bubble.

Let me ask you this. If the credit bubble didn’t exist, then would Super Janae have been able to pull off this transaction????

[JWM in SD]

I didn’t say Super Janae was the cause. She is a symptom of an overheated credit bubble.

Let me ask you this. If the credit bubble didn’t exist, then would Super Janae have been able to pull off this transaction????

[Author]

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