[quote=SD Realtor]CAR you are a smart cookie. I think though that in some cases you have make a better assessment of the time value of money. Remember that there are costs associated with the bank holding the properties, possibile legal issues, brokerage fees to sell it etc… Also in this particular situation you are totally ignoring the liquidity needs of the lending entity. Finally I believe we have already seen that it is not possible to dump all the properties on the open market as it may crash it.
Now in theory YES I agree with you 100 percent. I even agree with the proposal that you put forth. However it makes to much sense. It also levels the playing field. Look it if “could” happen, that is, if the government really wanted to look out for all people rather then just looking out for Wall St, then yes this is the right way to do it.
However, in the world we live in, I think the next best thing is to let more rich Wall St guys get alot richer. Let the banks liquidate to investors, then bail the banks out, then the investors make more money over time on the properties they bought in bulk.
Sad but…I guess it how it will go. [/quote]
That thinking is the problem “crash the market” is more important then ripping mom and pop off. I am so tired of people saying how unimportant “moral hazard” is. I know that cash is king bulk gets better prices………but show the transaction!!!!!
I hear you and I agree aldante. Yet I am just being realistic. You cannot change the rules of the casino games if you are not the house. We are just the suckers playing in the casino.
I hear you and I agree aldante. Yet I am just being realistic. You cannot change the rules of the casino games if you are not the house. We are just the suckers playing in the casino.
I hear you and I agree aldante. Yet I am just being realistic. You cannot change the rules of the casino games if you are not the house. We are just the suckers playing in the casino.
I hear you and I agree aldante. Yet I am just being realistic. You cannot change the rules of the casino games if you are not the house. We are just the suckers playing in the casino.
I hear you and I agree aldante. Yet I am just being realistic. You cannot change the rules of the casino games if you are not the house. We are just the suckers playing in the casino.
How can you even play in the casino when the rules they told you keep changing? That’s like spinning the slots that say if you get 3 cherries you win and then when you get 3 cherries they say no, we meant 3 oranges.
How can you even play in the casino when the rules they told you keep changing? That’s like spinning the slots that say if you get 3 cherries you win and then when you get 3 cherries they say no, we meant 3 oranges.
How can you even play in the casino when the rules they told you keep changing? That’s like spinning the slots that say if you get 3 cherries you win and then when you get 3 cherries they say no, we meant 3 oranges.
How can you even play in the casino when the rules they told you keep changing? That’s like spinning the slots that say if you get 3 cherries you win and then when you get 3 cherries they say no, we meant 3 oranges.
How can you even play in the casino when the rules they told you keep changing? That’s like spinning the slots that say if you get 3 cherries you win and then when you get 3 cherries they say no, we meant 3 oranges.
That is why I am on this blog. It needs to change. It can’t change if no one knows about the problems. I am not buying a house because I do not trust our system. The more people who leave real estate alone until we know what is really going on the better. That is why no matter what happens we will never **never** see the real estate market go up that quickly again.
That is why I am on this blog. It needs to change. It can’t change if no one knows about the problems. I am not buying a house because I do not trust our system. The more people who leave real estate alone until we know what is really going on the better. That is why no matter what happens we will never **never** see the real estate market go up that quickly again.
That is why I am on this blog. It needs to change. It can’t change if no one knows about the problems. I am not buying a house because I do not trust our system. The more people who leave real estate alone until we know what is really going on the better. That is why no matter what happens we will never **never** see the real estate market go up that quickly again.
That is why I am on this blog. It needs to change. It can’t change if no one knows about the problems. I am not buying a house because I do not trust our system. The more people who leave real estate alone until we know what is really going on the better. That is why no matter what happens we will never **never** see the real estate market go up that quickly again.
