[34f3f3f]

You’d think with all the turmoil it would add downward pressure on prices. My brother-in-law is totally convinced his house is exactly the same value it was at the peak. A friend has been trying to sell his house for +$1m for six months, and it’s very clearly over-valued. So you have obsessive denial to the gamble a mug is around the corner, and let’s face there are always going to be a few of those willing to pay the asking price. IMO it’s better prices fall gradually. Just look at the damage so far.

[34f3f3f]

You’d think with all the turmoil it would add downward pressure on prices. My brother-in-law is totally convinced his house is exactly the same value it was at the peak. A friend has been trying to sell his house for +$1m for six months, and it’s very clearly over-valued. So you have obsessive denial to the gamble a mug is around the corner, and let’s face there are always going to be a few of those willing to pay the asking price. IMO it’s better prices fall gradually. Just look at the damage so far.

[34f3f3f]

You’d think with all the turmoil it would add downward pressure on prices. My brother-in-law is totally convinced his house is exactly the same value it was at the peak. A friend has been trying to sell his house for +$1m for six months, and it’s very clearly over-valued. So you have obsessive denial to the gamble a mug is around the corner, and let’s face there are always going to be a few of those willing to pay the asking price. IMO it’s better prices fall gradually. Just look at the damage so far.

[34f3f3f]

You’d think with all the turmoil it would add downward pressure on prices. My brother-in-law is totally convinced his house is exactly the same value it was at the peak. A friend has been trying to sell his house for +$1m for six months, and it’s very clearly over-valued. So you have obsessive denial to the gamble a mug is around the corner, and let’s face there are always going to be a few of those willing to pay the asking price. IMO it’s better prices fall gradually. Just look at the damage so far.

[34f3f3f]

You’d think with all the turmoil it would add downward pressure on prices. My brother-in-law is totally convinced his house is exactly the same value it was at the peak. A friend has been trying to sell his house for +$1m for six months, and it’s very clearly over-valued. So you have obsessive denial to the gamble a mug is around the corner, and let’s face there are always going to be a few of those willing to pay the asking price. IMO it’s better prices fall gradually. Just look at the damage so far.

[34f3f3f]

[quote=urbanrealtor]Please don’t flame me but actually answer this question. I am asking it genuinely.

Would it be better for you as an individual to not have an economic bailout/rescue/stimulus/bucket-of-money-for-bank?

If so, why?

If not, why not?

Again, not looking to fight, I am curious what people think of this. I know everybody is pissed off but I am curious what else is in the thought process.

–Dan[/quote]

Me too. But it’s OK you can flame, I’m living in fire resistant virtuality. I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for. Maybe the message needs re-scripting.

[34f3f3f]

[quote=urbanrealtor]Please don’t flame me but actually answer this question. I am asking it genuinely.

Would it be better for you as an individual to not have an economic bailout/rescue/stimulus/bucket-of-money-for-bank?

If so, why?

If not, why not?

Again, not looking to fight, I am curious what people think of this. I know everybody is pissed off but I am curious what else is in the thought process.

–Dan[/quote]

Me too. But it’s OK you can flame, I’m living in fire resistant virtuality. I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for. Maybe the message needs re-scripting.

[34f3f3f]

[quote=urbanrealtor]Please don’t flame me but actually answer this question. I am asking it genuinely.

Would it be better for you as an individual to not have an economic bailout/rescue/stimulus/bucket-of-money-for-bank?

If so, why?

If not, why not?

Again, not looking to fight, I am curious what people think of this. I know everybody is pissed off but I am curious what else is in the thought process.

–Dan[/quote]

Me too. But it’s OK you can flame, I’m living in fire resistant virtuality. I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for. Maybe the message needs re-scripting.

[34f3f3f]

[quote=urbanrealtor]Please don’t flame me but actually answer this question. I am asking it genuinely.

Would it be better for you as an individual to not have an economic bailout/rescue/stimulus/bucket-of-money-for-bank?

If so, why?

If not, why not?

Again, not looking to fight, I am curious what people think of this. I know everybody is pissed off but I am curious what else is in the thought process.

–Dan[/quote]

Me too. But it’s OK you can flame, I’m living in fire resistant virtuality. I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for. Maybe the message needs re-scripting.

[34f3f3f]

[quote=urbanrealtor]Please don’t flame me but actually answer this question. I am asking it genuinely.

Would it be better for you as an individual to not have an economic bailout/rescue/stimulus/bucket-of-money-for-bank?

If so, why?

If not, why not?

Again, not looking to fight, I am curious what people think of this. I know everybody is pissed off but I am curious what else is in the thought process.

–Dan[/quote]

Me too. But it’s OK you can flame, I’m living in fire resistant virtuality. I hear a lot of anger, but so far the arguments I’ve heard against are as lame as the arguments for. Maybe the message needs re-scripting.

[34f3f3f]

I agree that the bailout arguments seem like at lot of ether. Businesses that pay wages with a loan have a cash flow problem in my view. Making mortgages harder for people to get is probably a good thing in view of the what’s just passed. Curbing auto loans to buy gas guzzling tanks is also a plus. But with all due respect I haven’t seen many plausible arguments, facts or statistics, against the bail-out. Maybe I’ve been looking in the wrong places. Please enlighten me, and yes I have read Rich’s thesis. Let’s have some reasoned arguments, as to what is going to happen and not just fatuous rhetoric.

[34f3f3f]

I agree that the bailout arguments seem like at lot of ether. Businesses that pay wages with a loan have a cash flow problem in my view. Making mortgages harder for people to get is probably a good thing in view of the what’s just passed. Curbing auto loans to buy gas guzzling tanks is also a plus. But with all due respect I haven’t seen many plausible arguments, facts or statistics, against the bail-out. Maybe I’ve been looking in the wrong places. Please enlighten me, and yes I have read Rich’s thesis. Let’s have some reasoned arguments, as to what is going to happen and not just fatuous rhetoric.

[34f3f3f]

I agree that the bailout arguments seem like at lot of ether. Businesses that pay wages with a loan have a cash flow problem in my view. Making mortgages harder for people to get is probably a good thing in view of the what’s just passed. Curbing auto loans to buy gas guzzling tanks is also a plus. But with all due respect I haven’t seen many plausible arguments, facts or statistics, against the bail-out. Maybe I’ve been looking in the wrong places. Please enlighten me, and yes I have read Rich’s thesis. Let’s have some reasoned arguments, as to what is going to happen and not just fatuous rhetoric.

[34f3f3f]

I agree that the bailout arguments seem like at lot of ether. Businesses that pay wages with a loan have a cash flow problem in my view. Making mortgages harder for people to get is probably a good thing in view of the what’s just passed. Curbing auto loans to buy gas guzzling tanks is also a plus. But with all due respect I haven’t seen many plausible arguments, facts or statistics, against the bail-out. Maybe I’ve been looking in the wrong places. Please enlighten me, and yes I have read Rich’s thesis. Let’s have some reasoned arguments, as to what is going to happen and not just fatuous rhetoric.

[34f3f3f]

I agree that the bailout arguments seem like at lot of ether. Businesses that pay wages with a loan have a cash flow problem in my view. Making mortgages harder for people to get is probably a good thing in view of the what’s just passed. Curbing auto loans to buy gas guzzling tanks is also a plus. But with all due respect I haven’t seen many plausible arguments, facts or statistics, against the bail-out. Maybe I’ve been looking in the wrong places. Please enlighten me, and yes I have read Rich’s thesis. Let’s have some reasoned arguments, as to what is going to happen and not just fatuous rhetoric.

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