[DCRogers]

And GS is nearing 200… bastards. May they stumble and chip a tooth.

As a basic long index investor, who has some shorts to take the sting off of the (inevitable?) crash, I’m still OK (though the losses of the shorts took away from the gains of the market, but then, that’s the point of hedging).

I’m planning to keep my shorts, because I’m still convinced that we’re in for a second, deeper, round of trouble. Mostly, I keep my shorts to hold like comfy teddy-bears on the tougher, down days…

[DCRogers]

Any view likely comes with the downside that the canyon down to the 15 will act as a white noise funnel, giving a constant ambient background of poorly-tuned trucks downshifting to climb the steep grade or “Jake Braking” (noisily using the engine rather than the brakes to slow) on the northwards run.

Other examples of the view/noise tradeoff are the spectacular Mission Valley view homes on the north side of the mesa, where you have to raise your voice to talk over the roar of the expressways. Yuck.

(Oh, and don’t be fooled by the lot sizes around here… the property lines were typically drawn to a line at the bottom of the nearest canyon, but most of the land is steep and unusable.)

[DCRogers]

Any view likely comes with the downside that the canyon down to the 15 will act as a white noise funnel, giving a constant ambient background of poorly-tuned trucks downshifting to climb the steep grade or “Jake Braking” (noisily using the engine rather than the brakes to slow) on the northwards run.

Other examples of the view/noise tradeoff are the spectacular Mission Valley view homes on the north side of the mesa, where you have to raise your voice to talk over the roar of the expressways. Yuck.

(Oh, and don’t be fooled by the lot sizes around here… the property lines were typically drawn to a line at the bottom of the nearest canyon, but most of the land is steep and unusable.)

[DCRogers]

Any view likely comes with the downside that the canyon down to the 15 will act as a white noise funnel, giving a constant ambient background of poorly-tuned trucks downshifting to climb the steep grade or “Jake Braking” (noisily using the engine rather than the brakes to slow) on the northwards run.

Other examples of the view/noise tradeoff are the spectacular Mission Valley view homes on the north side of the mesa, where you have to raise your voice to talk over the roar of the expressways. Yuck.

(Oh, and don’t be fooled by the lot sizes around here… the property lines were typically drawn to a line at the bottom of the nearest canyon, but most of the land is steep and unusable.)

[DCRogers]

Any view likely comes with the downside that the canyon down to the 15 will act as a white noise funnel, giving a constant ambient background of poorly-tuned trucks downshifting to climb the steep grade or “Jake Braking” (noisily using the engine rather than the brakes to slow) on the northwards run.

Other examples of the view/noise tradeoff are the spectacular Mission Valley view homes on the north side of the mesa, where you have to raise your voice to talk over the roar of the expressways. Yuck.

(Oh, and don’t be fooled by the lot sizes around here… the property lines were typically drawn to a line at the bottom of the nearest canyon, but most of the land is steep and unusable.)

[DCRogers]

Any view likely comes with the downside that the canyon down to the 15 will act as a white noise funnel, giving a constant ambient background of poorly-tuned trucks downshifting to climb the steep grade or “Jake Braking” (noisily using the engine rather than the brakes to slow) on the northwards run.

Other examples of the view/noise tradeoff are the spectacular Mission Valley view homes on the north side of the mesa, where you have to raise your voice to talk over the roar of the expressways. Yuck.

(Oh, and don’t be fooled by the lot sizes around here… the property lines were typically drawn to a line at the bottom of the nearest canyon, but most of the land is steep and unusable.)

[DCRogers]

Normal Heights is also split in the quantity of foreclosure activity between North and South of Adams… I’ve been watching some pretty heavy foreclosure action on the south side of Adams (Meade/Monroe/Madison), esp. in the condo conversions. (There’s a condo conversion on Meade that must have a dozen foreclosures in it now.) While condo conversions and SFHs aren’t exactly exchangeable, the instability can’t be a good thing for an only-recently stabilized neighborhood. North of Adams, not so much, and most have been resold.

I live a few blocks from that bubble-priced Benton Place house, and if it sells anywhere near that price (or even the Zillow price, marked to $/SF), there will be a lot of happy neighbors hugging the new comp. But I’d give sweet odds the delusional owner will still be the owner come this autumn.

[DCRogers]

Normal Heights is also split in the quantity of foreclosure activity between North and South of Adams… I’ve been watching some pretty heavy foreclosure action on the south side of Adams (Meade/Monroe/Madison), esp. in the condo conversions. (There’s a condo conversion on Meade that must have a dozen foreclosures in it now.) While condo conversions and SFHs aren’t exactly exchangeable, the instability can’t be a good thing for an only-recently stabilized neighborhood. North of Adams, not so much, and most have been resold.

I live a few blocks from that bubble-priced Benton Place house, and if it sells anywhere near that price (or even the Zillow price, marked to $/SF), there will be a lot of happy neighbors hugging the new comp. But I’d give sweet odds the delusional owner will still be the owner come this autumn.

[DCRogers]

Normal Heights is also split in the quantity of foreclosure activity between North and South of Adams… I’ve been watching some pretty heavy foreclosure action on the south side of Adams (Meade/Monroe/Madison), esp. in the condo conversions. (There’s a condo conversion on Meade that must have a dozen foreclosures in it now.) While condo conversions and SFHs aren’t exactly exchangeable, the instability can’t be a good thing for an only-recently stabilized neighborhood. North of Adams, not so much, and most have been resold.

I live a few blocks from that bubble-priced Benton Place house, and if it sells anywhere near that price (or even the Zillow price, marked to $/SF), there will be a lot of happy neighbors hugging the new comp. But I’d give sweet odds the delusional owner will still be the owner come this autumn.

[DCRogers]

Normal Heights is also split in the quantity of foreclosure activity between North and South of Adams… I’ve been watching some pretty heavy foreclosure action on the south side of Adams (Meade/Monroe/Madison), esp. in the condo conversions. (There’s a condo conversion on Meade that must have a dozen foreclosures in it now.) While condo conversions and SFHs aren’t exactly exchangeable, the instability can’t be a good thing for an only-recently stabilized neighborhood. North of Adams, not so much, and most have been resold.

I live a few blocks from that bubble-priced Benton Place house, and if it sells anywhere near that price (or even the Zillow price, marked to $/SF), there will be a lot of happy neighbors hugging the new comp. But I’d give sweet odds the delusional owner will still be the owner come this autumn.

[DCRogers]

Normal Heights is also split in the quantity of foreclosure activity between North and South of Adams… I’ve been watching some pretty heavy foreclosure action on the south side of Adams (Meade/Monroe/Madison), esp. in the condo conversions. (There’s a condo conversion on Meade that must have a dozen foreclosures in it now.) While condo conversions and SFHs aren’t exactly exchangeable, the instability can’t be a good thing for an only-recently stabilized neighborhood. North of Adams, not so much, and most have been resold.

I live a few blocks from that bubble-priced Benton Place house, and if it sells anywhere near that price (or even the Zillow price, marked to $/SF), there will be a lot of happy neighbors hugging the new comp. But I’d give sweet odds the delusional owner will still be the owner come this autumn.

[DCRogers]

Remember, this is just the insurance for the bonds that is reduced in value (and is just reduced in value, not eliminated)… the bonds themselves, unless they and the insurance defaults at some future date, will continue paying as normal. You would likely lose more paying the cost of selling them than just holding to maturity.

[DCRogers]

Remember, this is just the insurance for the bonds that is reduced in value (and is just reduced in value, not eliminated)… the bonds themselves, unless they and the insurance defaults at some future date, will continue paying as normal. You would likely lose more paying the cost of selling them than just holding to maturity.

[DCRogers]

Remember, this is just the insurance for the bonds that is reduced in value (and is just reduced in value, not eliminated)… the bonds themselves, unless they and the insurance defaults at some future date, will continue paying as normal. You would likely lose more paying the cost of selling them than just holding to maturity.

[DCRogers]

Remember, this is just the insurance for the bonds that is reduced in value (and is just reduced in value, not eliminated)… the bonds themselves, unless they and the insurance defaults at some future date, will continue paying as normal. You would likely lose more paying the cost of selling them than just holding to maturity.

[Author]

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