[cr]

Well – and colorfully – said HLS.

Another thing the gov’t fails to even recognize much less acknowledge and act according to is that a lot of people upside down don’t want to refi and stay in a home that won’t make them rich like they thought when they bought.

Some might say the gov’t would rather have “owners” paying whatever they can, but that will only lead to more losses at banks, less lending, more bailouts, and so on down the vicious cycle of government problem “solving”.

Cold turkey would have been best 3 years ago. Just imagine in Bernanke had come in and said rates are too low, prices are too high, and the economy can handle a rate hike right now.

It’s hard to imagine that being any worse than what we’re seeing now.

[cr]

Well – and colorfully – said HLS.

Another thing the gov’t fails to even recognize much less acknowledge and act according to is that a lot of people upside down don’t want to refi and stay in a home that won’t make them rich like they thought when they bought.

Some might say the gov’t would rather have “owners” paying whatever they can, but that will only lead to more losses at banks, less lending, more bailouts, and so on down the vicious cycle of government problem “solving”.

Cold turkey would have been best 3 years ago. Just imagine in Bernanke had come in and said rates are too low, prices are too high, and the economy can handle a rate hike right now.

It’s hard to imagine that being any worse than what we’re seeing now.

[cr]

Well – and colorfully – said HLS.

Another thing the gov’t fails to even recognize much less acknowledge and act according to is that a lot of people upside down don’t want to refi and stay in a home that won’t make them rich like they thought when they bought.

Some might say the gov’t would rather have “owners” paying whatever they can, but that will only lead to more losses at banks, less lending, more bailouts, and so on down the vicious cycle of government problem “solving”.

Cold turkey would have been best 3 years ago. Just imagine in Bernanke had come in and said rates are too low, prices are too high, and the economy can handle a rate hike right now.

It’s hard to imagine that being any worse than what we’re seeing now.

[cr]

Well – and colorfully – said HLS.

Another thing the gov’t fails to even recognize much less acknowledge and act according to is that a lot of people upside down don’t want to refi and stay in a home that won’t make them rich like they thought when they bought.

Some might say the gov’t would rather have “owners” paying whatever they can, but that will only lead to more losses at banks, less lending, more bailouts, and so on down the vicious cycle of government problem “solving”.

Cold turkey would have been best 3 years ago. Just imagine in Bernanke had come in and said rates are too low, prices are too high, and the economy can handle a rate hike right now.

It’s hard to imagine that being any worse than what we’re seeing now.

[cr]

Well – and colorfully – said HLS.

Another thing the gov’t fails to even recognize much less acknowledge and act according to is that a lot of people upside down don’t want to refi and stay in a home that won’t make them rich like they thought when they bought.

Some might say the gov’t would rather have “owners” paying whatever they can, but that will only lead to more losses at banks, less lending, more bailouts, and so on down the vicious cycle of government problem “solving”.

Cold turkey would have been best 3 years ago. Just imagine in Bernanke had come in and said rates are too low, prices are too high, and the economy can handle a rate hike right now.

It’s hard to imagine that being any worse than what we’re seeing now.

[cr]

Define “here”.

I’ve seen some pretty ghetto parts of SD, as well as some really nice parts.

When you sort that out, all this really says is people want warm weather, sunshine, and a beach.

Who doesn’t that?

San Diego just happens to conjure up more of those thoughts than Los Angeles, Santa Barbara, Monterey or San Luis Obispo. Counties which all have more coastline than SD.

[cr]

Define “here”.

I’ve seen some pretty ghetto parts of SD, as well as some really nice parts.

When you sort that out, all this really says is people want warm weather, sunshine, and a beach.

Who doesn’t that?

San Diego just happens to conjure up more of those thoughts than Los Angeles, Santa Barbara, Monterey or San Luis Obispo. Counties which all have more coastline than SD.

[cr]

Define “here”.

I’ve seen some pretty ghetto parts of SD, as well as some really nice parts.

When you sort that out, all this really says is people want warm weather, sunshine, and a beach.

Who doesn’t that?

San Diego just happens to conjure up more of those thoughts than Los Angeles, Santa Barbara, Monterey or San Luis Obispo. Counties which all have more coastline than SD.

[cr]

Define “here”.

I’ve seen some pretty ghetto parts of SD, as well as some really nice parts.

When you sort that out, all this really says is people want warm weather, sunshine, and a beach.

Who doesn’t that?

San Diego just happens to conjure up more of those thoughts than Los Angeles, Santa Barbara, Monterey or San Luis Obispo. Counties which all have more coastline than SD.

[cr]

Define “here”.

I’ve seen some pretty ghetto parts of SD, as well as some really nice parts.

When you sort that out, all this really says is people want warm weather, sunshine, and a beach.

Who doesn’t that?

San Diego just happens to conjure up more of those thoughts than Los Angeles, Santa Barbara, Monterey or San Luis Obispo. Counties which all have more coastline than SD.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[cr]

[quote=jonnycsd]Short sellers don’t create problems, they just expose mispricing and help it correct more quickly. Shorts contribute to market efficiency. If they don’t then they quickly loose thier capital and are out of business.

As for the bad bank idea, here is a pretty simple explanation. The idea has been around for a very long time.

http://www.businessweek.com/magazine/content/09_06/b4118000045375.htm

Good luck.[/quote]

I agree to a point, but read Michael Lewis’s The End.

[Author]

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