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34f3f3f
ParticipantA lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?
ParticipantA lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?
ParticipantA lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?
ParticipantA lovely bit of nostalgia. Last time I mentioned this, someone said the recession would takeover where the subprime left off, in pushing home prices down. You have to laugh at the Realtor who now empties foreclosed homes. That’s adapting to the times, and I expect he’s hoping he doesn’t bump into a former client. What concerns me is who is left holding the can (aside from the taxpayer)? Are there any banks in the US, and abroad who are particularly exposed to Alt-A’s and Option ARM’s? Are we going to see HSBC, BoA, Well Fargo fail?
Participant$3700 a month for a condo is plainly ridiculous. You could rent for half that. I’m not sure what there is in San Diego that helps you part with $150k a year, unless you are splurging on high end consumption, but you could do that anywhere. Consumption is going to be one of the next major blots on the landscape, particularly as China gears up, and competes for resources. It might sound very trite but learning to scale down and live more “simply” has it’s rewards. A little more soul searching and a little less materialism is healthy, and you don’t need to hug trees either.
Participant$3700 a month for a condo is plainly ridiculous. You could rent for half that. I’m not sure what there is in San Diego that helps you part with $150k a year, unless you are splurging on high end consumption, but you could do that anywhere. Consumption is going to be one of the next major blots on the landscape, particularly as China gears up, and competes for resources. It might sound very trite but learning to scale down and live more “simply” has it’s rewards. A little more soul searching and a little less materialism is healthy, and you don’t need to hug trees either.
Participant$3700 a month for a condo is plainly ridiculous. You could rent for half that. I’m not sure what there is in San Diego that helps you part with $150k a year, unless you are splurging on high end consumption, but you could do that anywhere. Consumption is going to be one of the next major blots on the landscape, particularly as China gears up, and competes for resources. It might sound very trite but learning to scale down and live more “simply” has it’s rewards. A little more soul searching and a little less materialism is healthy, and you don’t need to hug trees either.
Participant$3700 a month for a condo is plainly ridiculous. You could rent for half that. I’m not sure what there is in San Diego that helps you part with $150k a year, unless you are splurging on high end consumption, but you could do that anywhere. Consumption is going to be one of the next major blots on the landscape, particularly as China gears up, and competes for resources. It might sound very trite but learning to scale down and live more “simply” has it’s rewards. A little more soul searching and a little less materialism is healthy, and you don’t need to hug trees either.
Participant$3700 a month for a condo is plainly ridiculous. You could rent for half that. I’m not sure what there is in San Diego that helps you part with $150k a year, unless you are splurging on high end consumption, but you could do that anywhere. Consumption is going to be one of the next major blots on the landscape, particularly as China gears up, and competes for resources. It might sound very trite but learning to scale down and live more “simply” has it’s rewards. A little more soul searching and a little less materialism is healthy, and you don’t need to hug trees either.
Participant[quote=fat_lazy_union_worker]And how is this a problem?
Don’t worry, SD is probably one of their last places they want to migrate to….L.A. and S.F. would be my guess where the bulk of the investments would be.[/quote]
Yes you are right, they were headed for LA and San Francisco, but I persuaded them to head for Carmel Valley, as I understand nobody would buy there anyway so it’s gets rid of unwanted stock.
Participant[quote=fat_lazy_union_worker]And how is this a problem?
Don’t worry, SD is probably one of their last places they want to migrate to….L.A. and S.F. would be my guess where the bulk of the investments would be.[/quote]
Yes you are right, they were headed for LA and San Francisco, but I persuaded them to head for Carmel Valley, as I understand nobody would buy there anyway so it’s gets rid of unwanted stock.
Participant[quote=fat_lazy_union_worker]And how is this a problem?
Don’t worry, SD is probably one of their last places they want to migrate to….L.A. and S.F. would be my guess where the bulk of the investments would be.[/quote]
Yes you are right, they were headed for LA and San Francisco, but I persuaded them to head for Carmel Valley, as I understand nobody would buy there anyway so it’s gets rid of unwanted stock.
Participant[quote=fat_lazy_union_worker]And how is this a problem?
Don’t worry, SD is probably one of their last places they want to migrate to….L.A. and S.F. would be my guess where the bulk of the investments would be.[/quote]
Yes you are right, they were headed for LA and San Francisco, but I persuaded them to head for Carmel Valley, as I understand nobody would buy there anyway so it’s gets rid of unwanted stock.
Participant[quote=fat_lazy_union_worker]And how is this a problem?
Don’t worry, SD is probably one of their last places they want to migrate to….L.A. and S.F. would be my guess where the bulk of the investments would be.[/quote]
Yes you are right, they were headed for LA and San Francisco, but I persuaded them to head for Carmel Valley, as I understand nobody would buy there anyway so it’s gets rid of unwanted stock.
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