[asragov]

1998Q1 San Diego was listed as being 27% undervalued and 2005Q3 as being 37% overvalued.

Clearly, these things overshoot in either direction.

[asragov]

1998Q1 San Diego was listed as being 27% undervalued and 2005Q3 as being 37% overvalued.

Clearly, these things overshoot in either direction.

[asragov]

1998Q1 San Diego was listed as being 27% undervalued and 2005Q3 as being 37% overvalued.

Clearly, these things overshoot in either direction.

[asragov]

1998Q1 San Diego was listed as being 27% undervalued and 2005Q3 as being 37% overvalued.

Clearly, these things overshoot in either direction.

[asragov]

1998Q1 San Diego was listed as being 27% undervalued and 2005Q3 as being 37% overvalued.

Clearly, these things overshoot in either direction.

[asragov]

There is no need to reprice bank loans that are sitting on the balance sheet, if they are current. That is, even if the land is falling in price, as long as the borrower is making payments, there is no need to mark them down. We generally don’t live in a world where assets (loans, at least) are marked to market.

However, if the borrower defaults, and the bank has to sell the land, it will certainly show a loss if it sells the land for less than the loan.

Bugs is correct – land loans are *typically* very, very conservative. If lenders have been too aggressive on this front, they are going to get seriously slammed.

[asragov]

There is no need to reprice bank loans that are sitting on the balance sheet, if they are current. That is, even if the land is falling in price, as long as the borrower is making payments, there is no need to mark them down. We generally don’t live in a world where assets (loans, at least) are marked to market.

However, if the borrower defaults, and the bank has to sell the land, it will certainly show a loss if it sells the land for less than the loan.

Bugs is correct – land loans are *typically* very, very conservative. If lenders have been too aggressive on this front, they are going to get seriously slammed.

[asragov]

There is no need to reprice bank loans that are sitting on the balance sheet, if they are current. That is, even if the land is falling in price, as long as the borrower is making payments, there is no need to mark them down. We generally don’t live in a world where assets (loans, at least) are marked to market.

However, if the borrower defaults, and the bank has to sell the land, it will certainly show a loss if it sells the land for less than the loan.

Bugs is correct – land loans are *typically* very, very conservative. If lenders have been too aggressive on this front, they are going to get seriously slammed.

[asragov]

There is no need to reprice bank loans that are sitting on the balance sheet, if they are current. That is, even if the land is falling in price, as long as the borrower is making payments, there is no need to mark them down. We generally don’t live in a world where assets (loans, at least) are marked to market.

However, if the borrower defaults, and the bank has to sell the land, it will certainly show a loss if it sells the land for less than the loan.

Bugs is correct – land loans are *typically* very, very conservative. If lenders have been too aggressive on this front, they are going to get seriously slammed.

[asragov]

There is no need to reprice bank loans that are sitting on the balance sheet, if they are current. That is, even if the land is falling in price, as long as the borrower is making payments, there is no need to mark them down. We generally don’t live in a world where assets (loans, at least) are marked to market.

However, if the borrower defaults, and the bank has to sell the land, it will certainly show a loss if it sells the land for less than the loan.

Bugs is correct – land loans are *typically* very, very conservative. If lenders have been too aggressive on this front, they are going to get seriously slammed.

[asragov]

Obama is doing pretty well – don’t count him out. Most polls show him beating McCain (but McCain would beat Hillary).

Pat Buchanan said that if John McCain is elected, he will make Cheney look like Gandhi:

http://www.crooksandliars.com/2008/02/06/pat-buchanan-mccain-%E2%80%9Cwill-make-cheney-look-like-gandhi%E2%80%9D/

I am guessing that many people on this board would agree with Buchanan’s “Tapped out Nation,” and that we are “an unserious people in serious times”:

http://www.humanevents.com/article.php?id=24788

[asragov]

Obama is doing pretty well – don’t count him out. Most polls show him beating McCain (but McCain would beat Hillary).

Pat Buchanan said that if John McCain is elected, he will make Cheney look like Gandhi:

http://www.crooksandliars.com/2008/02/06/pat-buchanan-mccain-%E2%80%9Cwill-make-cheney-look-like-gandhi%E2%80%9D/

I am guessing that many people on this board would agree with Buchanan’s “Tapped out Nation,” and that we are “an unserious people in serious times”:

http://www.humanevents.com/article.php?id=24788

[asragov]

Obama is doing pretty well – don’t count him out. Most polls show him beating McCain (but McCain would beat Hillary).

Pat Buchanan said that if John McCain is elected, he will make Cheney look like Gandhi:

http://www.crooksandliars.com/2008/02/06/pat-buchanan-mccain-%E2%80%9Cwill-make-cheney-look-like-gandhi%E2%80%9D/

I am guessing that many people on this board would agree with Buchanan’s “Tapped out Nation,” and that we are “an unserious people in serious times”:

http://www.humanevents.com/article.php?id=24788

[asragov]

Obama is doing pretty well – don’t count him out. Most polls show him beating McCain (but McCain would beat Hillary).

Pat Buchanan said that if John McCain is elected, he will make Cheney look like Gandhi:

http://www.crooksandliars.com/2008/02/06/pat-buchanan-mccain-%E2%80%9Cwill-make-cheney-look-like-gandhi%E2%80%9D/

I am guessing that many people on this board would agree with Buchanan’s “Tapped out Nation,” and that we are “an unserious people in serious times”:

http://www.humanevents.com/article.php?id=24788

[asragov]

Obama is doing pretty well – don’t count him out. Most polls show him beating McCain (but McCain would beat Hillary).

Pat Buchanan said that if John McCain is elected, he will make Cheney look like Gandhi:

http://www.crooksandliars.com/2008/02/06/pat-buchanan-mccain-%E2%80%9Cwill-make-cheney-look-like-gandhi%E2%80%9D/

I am guessing that many people on this board would agree with Buchanan’s “Tapped out Nation,” and that we are “an unserious people in serious times”:

http://www.humanevents.com/article.php?id=24788

[Author]

Posts