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CAwireman
ParticipantWhat do you think of this – There are GM guys on the boards of directors for oil companies and there are oil company guys on the GM board. Conflict of interest, not one could be result in a legal suit just yet, but generally speaking, if powerful people who want to sell oil are on GM’s BOD, then will you have much of a chance to build fuel efficient cars? Look at the way the trolleys were bought out and allowed to fall into disrepair in the 1900’s; look at what happened to the electric car. GM has lived by the sword and may die by the sword. That’s my 450 cents for now….
ParticipantWhat do you think of this – There are GM guys on the boards of directors for oil companies and there are oil company guys on the GM board. Conflict of interest, not one could be result in a legal suit just yet, but generally speaking, if powerful people who want to sell oil are on GM’s BOD, then will you have much of a chance to build fuel efficient cars? Look at the way the trolleys were bought out and allowed to fall into disrepair in the 1900’s; look at what happened to the electric car. GM has lived by the sword and may die by the sword. That’s my 450 cents for now….
ParticipantWhat do you think of this – There are GM guys on the boards of directors for oil companies and there are oil company guys on the GM board. Conflict of interest, not one could be result in a legal suit just yet, but generally speaking, if powerful people who want to sell oil are on GM’s BOD, then will you have much of a chance to build fuel efficient cars? Look at the way the trolleys were bought out and allowed to fall into disrepair in the 1900’s; look at what happened to the electric car. GM has lived by the sword and may die by the sword. That’s my 450 cents for now….
June 28, 2008 at 1:32 PM in reply to: Homes Less Affordable as Prices Fall, Rates Rise, Zillow Says #230155ParticipantSeems to me that as interest rates go up it can only steepen the decline in home prices. However, doesn’t it make tax deductions on interest more favorable for a home you live in?
June 28, 2008 at 1:32 PM in reply to: Homes Less Affordable as Prices Fall, Rates Rise, Zillow Says #230275ParticipantSeems to me that as interest rates go up it can only steepen the decline in home prices. However, doesn’t it make tax deductions on interest more favorable for a home you live in?
June 28, 2008 at 1:32 PM in reply to: Homes Less Affordable as Prices Fall, Rates Rise, Zillow Says #230282ParticipantSeems to me that as interest rates go up it can only steepen the decline in home prices. However, doesn’t it make tax deductions on interest more favorable for a home you live in?
June 28, 2008 at 1:32 PM in reply to: Homes Less Affordable as Prices Fall, Rates Rise, Zillow Says #230318ParticipantSeems to me that as interest rates go up it can only steepen the decline in home prices. However, doesn’t it make tax deductions on interest more favorable for a home you live in?
June 28, 2008 at 1:32 PM in reply to: Homes Less Affordable as Prices Fall, Rates Rise, Zillow Says #230335ParticipantSeems to me that as interest rates go up it can only steepen the decline in home prices. However, doesn’t it make tax deductions on interest more favorable for a home you live in?
ParticipantI’ll chip in to rent a billboard!
ParticipantI’ll chip in to rent a billboard!
ParticipantI’ll chip in to rent a billboard!
ParticipantI’ll chip in to rent a billboard!
ParticipantI’ll chip in to rent a billboard!
ParticipantHM,
Nice find. Several bottom calls throughout the article. But, some reality mixed in.
Rich’s chart here raised some good points about the up/down bubble symmetry (# 3 and # 5):
If we roughly, (and I me ROUGHLY) look at the preceeding dip in about 1996 and take that to the peak of 2005, we have about 9 years. So, 9 years up to the peak and what,
9 years down to the next trough? So, that would be about 2014.Who knows, maybe things will settle out before that. But, calling the bottom has become a pastime that will likely end up desensitizing buyer and non-buyers alike to ingnore the pundits, and just keep watching the inventory, prices, foreclosure rates, and 30-year mortgage rates.
But for things to be as bad as they are, there still seems to be a lot of positve buyer sentiment out there. Just blows me away….
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