Forum Replies Created
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34f3f3f
ParticipantYou’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
ParticipantYou’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
ParticipantYou’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
ParticipantYou’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
Participant[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
Participant[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
Participant[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
Participant[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
Participant[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.
October 2, 2008 at 7:50 AM in reply to: The choice is now between bad and worse – why don’t people get this ??? #27933534f3f3f
ParticipantI 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.
October 2, 2008 at 7:50 AM in reply to: The choice is now between bad and worse – why don’t people get this ??? #27960734f3f3f
ParticipantI 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.
October 2, 2008 at 7:50 AM in reply to: The choice is now between bad and worse – why don’t people get this ??? #27961534f3f3f
ParticipantI 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.
October 2, 2008 at 7:50 AM in reply to: The choice is now between bad and worse – why don’t people get this ??? #27965334f3f3f
ParticipantI 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.
October 2, 2008 at 7:50 AM in reply to: The choice is now between bad and worse – why don’t people get this ??? #27966634f3f3f
ParticipantI 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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