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March 24, 2008 at 9:41 PM in reply to: Home sales beat January numbers in U.S. and state & stocks jump on home sales. #175791March 24, 2008 at 9:41 PM in reply to: Home sales beat January numbers in U.S. and state & stocks jump on home sales. #176139
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ParticipantKeep in mind these numbers almost always end up being revised – and typically for worse.
Even still, month-to-month is insignificant no matter what it is, and builder confidence in the west is down.
It seems like the media is starting to push “it’s a good time to buy”, buyer’s market, etc. Their logic may be okay, but I think it’s safe to say anything bought today will be worth less in a year, 2years, and IMO 3, 4, and 5 years from now. Maybe more.
March 24, 2008 at 9:41 PM in reply to: Home sales beat January numbers in U.S. and state & stocks jump on home sales. #176147ParticipantKeep in mind these numbers almost always end up being revised – and typically for worse.
Even still, month-to-month is insignificant no matter what it is, and builder confidence in the west is down.
It seems like the media is starting to push “it’s a good time to buy”, buyer’s market, etc. Their logic may be okay, but I think it’s safe to say anything bought today will be worth less in a year, 2years, and IMO 3, 4, and 5 years from now. Maybe more.
March 24, 2008 at 9:41 PM in reply to: Home sales beat January numbers in U.S. and state & stocks jump on home sales. #176151ParticipantKeep in mind these numbers almost always end up being revised – and typically for worse.
Even still, month-to-month is insignificant no matter what it is, and builder confidence in the west is down.
It seems like the media is starting to push “it’s a good time to buy”, buyer’s market, etc. Their logic may be okay, but I think it’s safe to say anything bought today will be worth less in a year, 2years, and IMO 3, 4, and 5 years from now. Maybe more.
March 24, 2008 at 9:41 PM in reply to: Home sales beat January numbers in U.S. and state & stocks jump on home sales. #176239ParticipantKeep in mind these numbers almost always end up being revised – and typically for worse.
Even still, month-to-month is insignificant no matter what it is, and builder confidence in the west is down.
It seems like the media is starting to push “it’s a good time to buy”, buyer’s market, etc. Their logic may be okay, but I think it’s safe to say anything bought today will be worth less in a year, 2years, and IMO 3, 4, and 5 years from now. Maybe more.
March 24, 2008 at 9:32 PM in reply to: What is patriotism? (An email I wrote in response to a swipe from a friends relative) #175785ParticipantFrankly, I don’t see the point of impeaching GW in regards to the BSC deal. Yeah he signed it, but do you think any other president or candidate wouldn’t have? Except RP of course.
Maybe I don’t know enough about the details of the BSC deal but it seems to me the Fed is the culprit again here.
It nows seems their only task is to mitigate fear.
March 24, 2008 at 9:32 PM in reply to: What is patriotism? (An email I wrote in response to a swipe from a friends relative) #176134ParticipantFrankly, I don’t see the point of impeaching GW in regards to the BSC deal. Yeah he signed it, but do you think any other president or candidate wouldn’t have? Except RP of course.
Maybe I don’t know enough about the details of the BSC deal but it seems to me the Fed is the culprit again here.
It nows seems their only task is to mitigate fear.
March 24, 2008 at 9:32 PM in reply to: What is patriotism? (An email I wrote in response to a swipe from a friends relative) #176141ParticipantFrankly, I don’t see the point of impeaching GW in regards to the BSC deal. Yeah he signed it, but do you think any other president or candidate wouldn’t have? Except RP of course.
Maybe I don’t know enough about the details of the BSC deal but it seems to me the Fed is the culprit again here.
It nows seems their only task is to mitigate fear.
March 24, 2008 at 9:32 PM in reply to: What is patriotism? (An email I wrote in response to a swipe from a friends relative) #176145ParticipantFrankly, I don’t see the point of impeaching GW in regards to the BSC deal. Yeah he signed it, but do you think any other president or candidate wouldn’t have? Except RP of course.
Maybe I don’t know enough about the details of the BSC deal but it seems to me the Fed is the culprit again here.
It nows seems their only task is to mitigate fear.
March 24, 2008 at 9:32 PM in reply to: What is patriotism? (An email I wrote in response to a swipe from a friends relative) #176236ParticipantFrankly, I don’t see the point of impeaching GW in regards to the BSC deal. Yeah he signed it, but do you think any other president or candidate wouldn’t have? Except RP of course.
Maybe I don’t know enough about the details of the BSC deal but it seems to me the Fed is the culprit again here.
It nows seems their only task is to mitigate fear.
ParticipantGiven the tendency to a lax nature for Alt-A loans I gather the fraud to be in the income claiming area.
This article and others that find “prime” mortgage holders walking from them before the rates even reset seem to indicate that a lot more people bought homes hoping to make a quick $100 Grand 3 years later when their loans reset and their house doubled in value again.
Thus a speculative bubble.
It will likely all come back to the false income claimed, but I’m interested to see if a judge finds that the borrower signed with the flase amount, or if the broker is found to have changed to amount to get the loan through.
I tend to believe the former.
ParticipantGiven the tendency to a lax nature for Alt-A loans I gather the fraud to be in the income claiming area.
This article and others that find “prime” mortgage holders walking from them before the rates even reset seem to indicate that a lot more people bought homes hoping to make a quick $100 Grand 3 years later when their loans reset and their house doubled in value again.
Thus a speculative bubble.
It will likely all come back to the false income claimed, but I’m interested to see if a judge finds that the borrower signed with the flase amount, or if the broker is found to have changed to amount to get the loan through.
I tend to believe the former.
ParticipantGiven the tendency to a lax nature for Alt-A loans I gather the fraud to be in the income claiming area.
This article and others that find “prime” mortgage holders walking from them before the rates even reset seem to indicate that a lot more people bought homes hoping to make a quick $100 Grand 3 years later when their loans reset and their house doubled in value again.
Thus a speculative bubble.
It will likely all come back to the false income claimed, but I’m interested to see if a judge finds that the borrower signed with the flase amount, or if the broker is found to have changed to amount to get the loan through.
I tend to believe the former.
ParticipantGiven the tendency to a lax nature for Alt-A loans I gather the fraud to be in the income claiming area.
This article and others that find “prime” mortgage holders walking from them before the rates even reset seem to indicate that a lot more people bought homes hoping to make a quick $100 Grand 3 years later when their loans reset and their house doubled in value again.
Thus a speculative bubble.
It will likely all come back to the false income claimed, but I’m interested to see if a judge finds that the borrower signed with the flase amount, or if the broker is found to have changed to amount to get the loan through.
I tend to believe the former.
ParticipantGiven the tendency to a lax nature for Alt-A loans I gather the fraud to be in the income claiming area.
This article and others that find “prime” mortgage holders walking from them before the rates even reset seem to indicate that a lot more people bought homes hoping to make a quick $100 Grand 3 years later when their loans reset and their house doubled in value again.
Thus a speculative bubble.
It will likely all come back to the false income claimed, but I’m interested to see if a judge finds that the borrower signed with the flase amount, or if the broker is found to have changed to amount to get the loan through.
I tend to believe the former.
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