[34f3f3f]

sdrealtor is probably right in that there is usually two sides to the equation, but when I hear stories like this, and the fraud and corruption that must have played a part in this whole mess, and now they are saying TARP money is being “stolen” by banks, I am glad my wife and I took the decision to leave California. We’re going to ride our the recession on the Big Island, and if after a year, the recession has knocked some sense into this place, we may return. So far I’ve seen enough to convince me otherwise.

[34f3f3f]

sdrealtor is probably right in that there is usually two sides to the equation, but when I hear stories like this, and the fraud and corruption that must have played a part in this whole mess, and now they are saying TARP money is being “stolen” by banks, I am glad my wife and I took the decision to leave California. We’re going to ride our the recession on the Big Island, and if after a year, the recession has knocked some sense into this place, we may return. So far I’ve seen enough to convince me otherwise.

[34f3f3f]

sdrealtor is probably right in that there is usually two sides to the equation, but when I hear stories like this, and the fraud and corruption that must have played a part in this whole mess, and now they are saying TARP money is being “stolen” by banks, I am glad my wife and I took the decision to leave California. We’re going to ride our the recession on the Big Island, and if after a year, the recession has knocked some sense into this place, we may return. So far I’ve seen enough to convince me otherwise.

[34f3f3f]

sdrealtor is probably right in that there is usually two sides to the equation, but when I hear stories like this, and the fraud and corruption that must have played a part in this whole mess, and now they are saying TARP money is being “stolen” by banks, I am glad my wife and I took the decision to leave California. We’re going to ride our the recession on the Big Island, and if after a year, the recession has knocked some sense into this place, we may return. So far I’ve seen enough to convince me otherwise.

[34f3f3f]

sdrealtor is probably right in that there is usually two sides to the equation, but when I hear stories like this, and the fraud and corruption that must have played a part in this whole mess, and now they are saying TARP money is being “stolen” by banks, I am glad my wife and I took the decision to leave California. We’re going to ride our the recession on the Big Island, and if after a year, the recession has knocked some sense into this place, we may return. So far I’ve seen enough to convince me otherwise.

[34f3f3f]

Does anyone actually know the extent to which TARP, changes in the way accounting is now reported, and the moratorium on foreclosures contributed to recent quarterly results? Are we talking about the difference between big losses and a profit? Where did TARP funds sit in the accounts, and how did they effect profitability? If it was a loan, then it sits on the balance sheet as a liability. If it was attributed to cash reserves, that presumably it sits on the other side of the balance sheet, but I don’t see how it could contribute directly to the profit and loss account, except for interest earned.

[34f3f3f]

Does anyone actually know the extent to which TARP, changes in the way accounting is now reported, and the moratorium on foreclosures contributed to recent quarterly results? Are we talking about the difference between big losses and a profit? Where did TARP funds sit in the accounts, and how did they effect profitability? If it was a loan, then it sits on the balance sheet as a liability. If it was attributed to cash reserves, that presumably it sits on the other side of the balance sheet, but I don’t see how it could contribute directly to the profit and loss account, except for interest earned.

[34f3f3f]

Does anyone actually know the extent to which TARP, changes in the way accounting is now reported, and the moratorium on foreclosures contributed to recent quarterly results? Are we talking about the difference between big losses and a profit? Where did TARP funds sit in the accounts, and how did they effect profitability? If it was a loan, then it sits on the balance sheet as a liability. If it was attributed to cash reserves, that presumably it sits on the other side of the balance sheet, but I don’t see how it could contribute directly to the profit and loss account, except for interest earned.

[34f3f3f]

Does anyone actually know the extent to which TARP, changes in the way accounting is now reported, and the moratorium on foreclosures contributed to recent quarterly results? Are we talking about the difference between big losses and a profit? Where did TARP funds sit in the accounts, and how did they effect profitability? If it was a loan, then it sits on the balance sheet as a liability. If it was attributed to cash reserves, that presumably it sits on the other side of the balance sheet, but I don’t see how it could contribute directly to the profit and loss account, except for interest earned.

[34f3f3f]

Does anyone actually know the extent to which TARP, changes in the way accounting is now reported, and the moratorium on foreclosures contributed to recent quarterly results? Are we talking about the difference between big losses and a profit? Where did TARP funds sit in the accounts, and how did they effect profitability? If it was a loan, then it sits on the balance sheet as a liability. If it was attributed to cash reserves, that presumably it sits on the other side of the balance sheet, but I don’t see how it could contribute directly to the profit and loss account, except for interest earned.

[34f3f3f]

[quote=flu]Heh.

The last thing is “who would be crazy enough to buy in this market when home prices are going to continue to fall”. Well, simple. Some people don’t purchase primary homes with economic rationalization….motivations might be symbolic, stability, symbolic or just plain making sure you can get laid at night..sorry to be crude)..

All i can say, is it will definitely get interesting to see how things pan out.[/quote]

The last thing is …if prices in the mid to highs don’t come down to sensible levels, don’t buy! With all the clever talk, graphs, statistics in the world who wants to pay a small fortune to live in an average home. The debate should be; how come someone smart enough to make enough money to (nearly) pay for these homes, isn’t smart enough to realize (s)he’s being stung?

[34f3f3f]

[quote=flu]Heh.

The last thing is “who would be crazy enough to buy in this market when home prices are going to continue to fall”. Well, simple. Some people don’t purchase primary homes with economic rationalization….motivations might be symbolic, stability, symbolic or just plain making sure you can get laid at night..sorry to be crude)..

All i can say, is it will definitely get interesting to see how things pan out.[/quote]

The last thing is …if prices in the mid to highs don’t come down to sensible levels, don’t buy! With all the clever talk, graphs, statistics in the world who wants to pay a small fortune to live in an average home. The debate should be; how come someone smart enough to make enough money to (nearly) pay for these homes, isn’t smart enough to realize (s)he’s being stung?

[34f3f3f]

[quote=flu]Heh.

The last thing is “who would be crazy enough to buy in this market when home prices are going to continue to fall”. Well, simple. Some people don’t purchase primary homes with economic rationalization….motivations might be symbolic, stability, symbolic or just plain making sure you can get laid at night..sorry to be crude)..

All i can say, is it will definitely get interesting to see how things pan out.[/quote]

The last thing is …if prices in the mid to highs don’t come down to sensible levels, don’t buy! With all the clever talk, graphs, statistics in the world who wants to pay a small fortune to live in an average home. The debate should be; how come someone smart enough to make enough money to (nearly) pay for these homes, isn’t smart enough to realize (s)he’s being stung?

[34f3f3f]

[quote=flu]Heh.

The last thing is “who would be crazy enough to buy in this market when home prices are going to continue to fall”. Well, simple. Some people don’t purchase primary homes with economic rationalization….motivations might be symbolic, stability, symbolic or just plain making sure you can get laid at night..sorry to be crude)..

All i can say, is it will definitely get interesting to see how things pan out.[/quote]

The last thing is …if prices in the mid to highs don’t come down to sensible levels, don’t buy! With all the clever talk, graphs, statistics in the world who wants to pay a small fortune to live in an average home. The debate should be; how come someone smart enough to make enough money to (nearly) pay for these homes, isn’t smart enough to realize (s)he’s being stung?

[34f3f3f]

[quote=flu]Heh.

The last thing is “who would be crazy enough to buy in this market when home prices are going to continue to fall”. Well, simple. Some people don’t purchase primary homes with economic rationalization….motivations might be symbolic, stability, symbolic or just plain making sure you can get laid at night..sorry to be crude)..

All i can say, is it will definitely get interesting to see how things pan out.[/quote]

The last thing is …if prices in the mid to highs don’t come down to sensible levels, don’t buy! With all the clever talk, graphs, statistics in the world who wants to pay a small fortune to live in an average home. The debate should be; how come someone smart enough to make enough money to (nearly) pay for these homes, isn’t smart enough to realize (s)he’s being stung?

[Author]

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