[aldante]

My best guess is that our next 15 years will be very similar to England’s from 1925-1940. They still enjoyed international dominance…..(all the cheap labor helped eventhough their currency was devalued) and had a great reputation. However, beneath the surface their demise started. Imagine what England will be like (assuming they do not get into the EU) when the same thing happens to us.
No one here is talking about the spiral. Money supply hits those closest to it, ie…bankers, those receiving huge bonuses in today’s dollar. Those plebes further down the money supply see a fraction of (in this case) bailout $$ at a fraction of its purchaseing power. Not “event” just a steady decline. Most will go from eating Filet, to New York, to Chuck to hamburger, to horse. We will get paid more but becasue most of our consumables come from overseas we simply will be able to afford less and less.
That is why all this focus on Wall Street is such a farce. How many people in your life have a better standared of living today then 5 or 10 years ago? I have one…and his rich dad died. Most people are working harder or living with less or both.
As far as I can tell the “wealth” that we experienced when Greenspan expanded the money supply only came from one place. HOME EQUITY. Again, how many people do you kwow that have more home equity then they did 5-10 years ago?

[aldante]

My best guess is that our next 15 years will be very similar to England’s from 1925-1940. They still enjoyed international dominance…..(all the cheap labor helped eventhough their currency was devalued) and had a great reputation. However, beneath the surface their demise started. Imagine what England will be like (assuming they do not get into the EU) when the same thing happens to us.
No one here is talking about the spiral. Money supply hits those closest to it, ie…bankers, those receiving huge bonuses in today’s dollar. Those plebes further down the money supply see a fraction of (in this case) bailout $$ at a fraction of its purchaseing power. Not “event” just a steady decline. Most will go from eating Filet, to New York, to Chuck to hamburger, to horse. We will get paid more but becasue most of our consumables come from overseas we simply will be able to afford less and less.
That is why all this focus on Wall Street is such a farce. How many people in your life have a better standared of living today then 5 or 10 years ago? I have one…and his rich dad died. Most people are working harder or living with less or both.
As far as I can tell the “wealth” that we experienced when Greenspan expanded the money supply only came from one place. HOME EQUITY. Again, how many people do you kwow that have more home equity then they did 5-10 years ago?

[aldante]

My best guess is that our next 15 years will be very similar to England’s from 1925-1940. They still enjoyed international dominance…..(all the cheap labor helped eventhough their currency was devalued) and had a great reputation. However, beneath the surface their demise started. Imagine what England will be like (assuming they do not get into the EU) when the same thing happens to us.
No one here is talking about the spiral. Money supply hits those closest to it, ie…bankers, those receiving huge bonuses in today’s dollar. Those plebes further down the money supply see a fraction of (in this case) bailout $$ at a fraction of its purchaseing power. Not “event” just a steady decline. Most will go from eating Filet, to New York, to Chuck to hamburger, to horse. We will get paid more but becasue most of our consumables come from overseas we simply will be able to afford less and less.
That is why all this focus on Wall Street is such a farce. How many people in your life have a better standared of living today then 5 or 10 years ago? I have one…and his rich dad died. Most people are working harder or living with less or both.
As far as I can tell the “wealth” that we experienced when Greenspan expanded the money supply only came from one place. HOME EQUITY. Again, how many people do you kwow that have more home equity then they did 5-10 years ago?

[aldante]

Hipmatt,
I admit I did not get here until mid 07 but I know what you mean.

[aldante]

Hipmatt,
I admit I did not get here until mid 07 but I know what you mean.

[aldante]

Hipmatt,
I admit I did not get here until mid 07 but I know what you mean.

[aldante]

Hipmatt,
I admit I did not get here until mid 07 but I know what you mean.

[aldante]

Hipmatt,
I admit I did not get here until mid 07 but I know what you mean.

[aldante]

Why not put in an offer at $130/ppsf?

Oh that’s right….I am willing to be you can’t get one of those so called expert real estate agents to put one in for that low?

You know those experts that told us that real estate was just going to go up in 07? You know the ones who have no incentive to encourage a higher offer?

Or could it be our expert and non-conflicted appraisers? Those hard working souls who took all of 30 seconds to sign off on ZILLOW.COM’S well thought out apprasials.

Real Estate is exactly what someone is willing to pay. Is has been well established on this board that the price you pay is up to you! The forces (some tell me) are far more superior to our individual observations.

Nope, the more I see is a snow job. Any broker that tries to put in low ball offers are laughed out or riduculed out of business. Meanwhile all the A**ho*** would have you believe that a house has some emperical price point. Nevermind the TRILLONS of dollars propping this whole farce up. IF THE BANKS DID NOT GET THE TARP – AND IF MARK TO MARKET ACCOUNTING WERE IN PLACE, if the FED DID NOT LEND TRILLIONS of $$ manufactured out of THIN AIR …we would see 1999 prices in SD county.

So the “salty dogs” will reply….”Come on aldante…get with reality TARP and mark-to-market are the new reality…if you want to make money you have to accept what reality is”. You know the guys/gals who would have you believe even today that you “better get in while the getting is good” becasue home prices are going up from here. Problem with that is that TARP and non-mark-to-market are illusions….and as will all illlusions they will disapper. And guess who is left holding the bag……..that salty-dog real estate agent? That mortgage broker? The apprasier (who now has gotten religion?)…….Nope you guessed it….the poor slob who now owns real estate at twice it’s price who will be taxed 3 or 4 times its current level.

COMP killer…nope….the sign of more to come.

Nope the new potential homeowners have one opportunity to get a good price and that is what they sign their name to on the contract. Quit listening to the “experts” who got us into this mess. Listen to your own balance sheet and your own income statement. Nothing else.

ALL above is IMHO.

[aldante]

Why not put in an offer at $130/ppsf?

Oh that’s right….I am willing to be you can’t get one of those so called expert real estate agents to put one in for that low?

You know those experts that told us that real estate was just going to go up in 07? You know the ones who have no incentive to encourage a higher offer?

Or could it be our expert and non-conflicted appraisers? Those hard working souls who took all of 30 seconds to sign off on ZILLOW.COM’S well thought out apprasials.

Real Estate is exactly what someone is willing to pay. Is has been well established on this board that the price you pay is up to you! The forces (some tell me) are far more superior to our individual observations.

Nope, the more I see is a snow job. Any broker that tries to put in low ball offers are laughed out or riduculed out of business. Meanwhile all the A**ho*** would have you believe that a house has some emperical price point. Nevermind the TRILLONS of dollars propping this whole farce up. IF THE BANKS DID NOT GET THE TARP – AND IF MARK TO MARKET ACCOUNTING WERE IN PLACE, if the FED DID NOT LEND TRILLIONS of $$ manufactured out of THIN AIR …we would see 1999 prices in SD county.

So the “salty dogs” will reply….”Come on aldante…get with reality TARP and mark-to-market are the new reality…if you want to make money you have to accept what reality is”. You know the guys/gals who would have you believe even today that you “better get in while the getting is good” becasue home prices are going up from here. Problem with that is that TARP and non-mark-to-market are illusions….and as will all illlusions they will disapper. And guess who is left holding the bag……..that salty-dog real estate agent? That mortgage broker? The apprasier (who now has gotten religion?)…….Nope you guessed it….the poor slob who now owns real estate at twice it’s price who will be taxed 3 or 4 times its current level.

COMP killer…nope….the sign of more to come.

Nope the new potential homeowners have one opportunity to get a good price and that is what they sign their name to on the contract. Quit listening to the “experts” who got us into this mess. Listen to your own balance sheet and your own income statement. Nothing else.

ALL above is IMHO.

[aldante]

Why not put in an offer at $130/ppsf?

Oh that’s right….I am willing to be you can’t get one of those so called expert real estate agents to put one in for that low?

You know those experts that told us that real estate was just going to go up in 07? You know the ones who have no incentive to encourage a higher offer?

Or could it be our expert and non-conflicted appraisers? Those hard working souls who took all of 30 seconds to sign off on ZILLOW.COM’S well thought out apprasials.

Real Estate is exactly what someone is willing to pay. Is has been well established on this board that the price you pay is up to you! The forces (some tell me) are far more superior to our individual observations.

Nope, the more I see is a snow job. Any broker that tries to put in low ball offers are laughed out or riduculed out of business. Meanwhile all the A**ho*** would have you believe that a house has some emperical price point. Nevermind the TRILLONS of dollars propping this whole farce up. IF THE BANKS DID NOT GET THE TARP – AND IF MARK TO MARKET ACCOUNTING WERE IN PLACE, if the FED DID NOT LEND TRILLIONS of $$ manufactured out of THIN AIR …we would see 1999 prices in SD county.

So the “salty dogs” will reply….”Come on aldante…get with reality TARP and mark-to-market are the new reality…if you want to make money you have to accept what reality is”. You know the guys/gals who would have you believe even today that you “better get in while the getting is good” becasue home prices are going up from here. Problem with that is that TARP and non-mark-to-market are illusions….and as will all illlusions they will disapper. And guess who is left holding the bag……..that salty-dog real estate agent? That mortgage broker? The apprasier (who now has gotten religion?)…….Nope you guessed it….the poor slob who now owns real estate at twice it’s price who will be taxed 3 or 4 times its current level.

COMP killer…nope….the sign of more to come.

Nope the new potential homeowners have one opportunity to get a good price and that is what they sign their name to on the contract. Quit listening to the “experts” who got us into this mess. Listen to your own balance sheet and your own income statement. Nothing else.

ALL above is IMHO.

[aldante]

Why not put in an offer at $130/ppsf?

Oh that’s right….I am willing to be you can’t get one of those so called expert real estate agents to put one in for that low?

You know those experts that told us that real estate was just going to go up in 07? You know the ones who have no incentive to encourage a higher offer?

Or could it be our expert and non-conflicted appraisers? Those hard working souls who took all of 30 seconds to sign off on ZILLOW.COM’S well thought out apprasials.

Real Estate is exactly what someone is willing to pay. Is has been well established on this board that the price you pay is up to you! The forces (some tell me) are far more superior to our individual observations.

Nope, the more I see is a snow job. Any broker that tries to put in low ball offers are laughed out or riduculed out of business. Meanwhile all the A**ho*** would have you believe that a house has some emperical price point. Nevermind the TRILLONS of dollars propping this whole farce up. IF THE BANKS DID NOT GET THE TARP – AND IF MARK TO MARKET ACCOUNTING WERE IN PLACE, if the FED DID NOT LEND TRILLIONS of $$ manufactured out of THIN AIR …we would see 1999 prices in SD county.

So the “salty dogs” will reply….”Come on aldante…get with reality TARP and mark-to-market are the new reality…if you want to make money you have to accept what reality is”. You know the guys/gals who would have you believe even today that you “better get in while the getting is good” becasue home prices are going up from here. Problem with that is that TARP and non-mark-to-market are illusions….and as will all illlusions they will disapper. And guess who is left holding the bag……..that salty-dog real estate agent? That mortgage broker? The apprasier (who now has gotten religion?)…….Nope you guessed it….the poor slob who now owns real estate at twice it’s price who will be taxed 3 or 4 times its current level.

COMP killer…nope….the sign of more to come.

Nope the new potential homeowners have one opportunity to get a good price and that is what they sign their name to on the contract. Quit listening to the “experts” who got us into this mess. Listen to your own balance sheet and your own income statement. Nothing else.

ALL above is IMHO.

[aldante]

Why not put in an offer at $130/ppsf?

Oh that’s right….I am willing to be you can’t get one of those so called expert real estate agents to put one in for that low?

You know those experts that told us that real estate was just going to go up in 07? You know the ones who have no incentive to encourage a higher offer?

Or could it be our expert and non-conflicted appraisers? Those hard working souls who took all of 30 seconds to sign off on ZILLOW.COM’S well thought out apprasials.

Real Estate is exactly what someone is willing to pay. Is has been well established on this board that the price you pay is up to you! The forces (some tell me) are far more superior to our individual observations.

Nope, the more I see is a snow job. Any broker that tries to put in low ball offers are laughed out or riduculed out of business. Meanwhile all the A**ho*** would have you believe that a house has some emperical price point. Nevermind the TRILLONS of dollars propping this whole farce up. IF THE BANKS DID NOT GET THE TARP – AND IF MARK TO MARKET ACCOUNTING WERE IN PLACE, if the FED DID NOT LEND TRILLIONS of $$ manufactured out of THIN AIR …we would see 1999 prices in SD county.

So the “salty dogs” will reply….”Come on aldante…get with reality TARP and mark-to-market are the new reality…if you want to make money you have to accept what reality is”. You know the guys/gals who would have you believe even today that you “better get in while the getting is good” becasue home prices are going up from here. Problem with that is that TARP and non-mark-to-market are illusions….and as will all illlusions they will disapper. And guess who is left holding the bag……..that salty-dog real estate agent? That mortgage broker? The apprasier (who now has gotten religion?)…….Nope you guessed it….the poor slob who now owns real estate at twice it’s price who will be taxed 3 or 4 times its current level.

COMP killer…nope….the sign of more to come.

Nope the new potential homeowners have one opportunity to get a good price and that is what they sign their name to on the contract. Quit listening to the “experts” who got us into this mess. Listen to your own balance sheet and your own income statement. Nothing else.

ALL above is IMHO.

[aldante]

Fantastic Video. I think that there are so many points worth discussing. Anyone who does not want absolute transparancy at the Fed and FOMC and all the regional banks should watch this video. How about getting a cool 6% per year div if you own stock. Guarenteed by the nice folks who print the $$…..Here is the info from the FEDS site….
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Here is the web site for anyone to research……
http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5

[aldante]

Fantastic Video. I think that there are so many points worth discussing. Anyone who does not want absolute transparancy at the Fed and FOMC and all the regional banks should watch this video. How about getting a cool 6% per year div if you own stock. Guarenteed by the nice folks who print the $$…..Here is the info from the FEDS site….
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Here is the web site for anyone to research……
http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5

[Author]

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