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DWCAP
Participant[quote=briansd1]BuyerWillEPB, remember that public education is a “socialist” program also. In many ways, you’re a product of a socialist system.[/quote]
Public education is socialist? Really? I had no idea.
ParticipantCongrats to you. I hope your new home is a place of rest and happiness for many years to come.
ParticipantCongrats to you. I hope your new home is a place of rest and happiness for many years to come.
ParticipantCongrats to you. I hope your new home is a place of rest and happiness for many years to come.
ParticipantCongrats to you. I hope your new home is a place of rest and happiness for many years to come.
ParticipantCongrats to you. I hope your new home is a place of rest and happiness for many years to come.
Participant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
Participant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
Participant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
Participant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
Participant[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
If I could campaign against the morgage tax deduction I would. But that is a structeral piece of tax law that would take an act of congress to change. I can yell at brick walls to move as well, it would be just about as useful.
The 8k tax credit on the other hand is set to expire, and will take an act of congress to extend it. It is much easier to maintain the status quo than to change something, so right now I will be ok with just letting this terrible piece of legeslation die.
Considering no one has actually responded with any groups, I am guessing that there really is no organized opposition to this BS.
Participant[quote=HLS]90%+ of mortgage loans today are govt back. It IS frightening. It is nothing more than artificial manipulation that will continue for one reason, just imagine what will happen if they stop.
[/quote]I guess it is like a Ponzi scheme, once you start there isnt any way to stop.
[quote=HLS]Investors buying MBS today are buying 30 YR bonds with a yield of less than 5%. Bondholders dont service the loans. The net return is lower than the rate being paid. If/when interest rates go to 6%-7% the market value of the bonds will fall eroding the principal.
Everybody is great at “predicting the past”
very few people can predict the future.
[/quote]I keep wondering about this. Everyone knows rates will have to go up in the future. So all of todays bonds are gonna be losses for their owners if/when rates rise.
Isn’t the whole problem with the financial system the unrealized losses rotting on balance sheets, weither they be residental, commershal, or personal (cc, auto etc) loans? Even if Banks are not holding onto the loans, someone is, and they are not going to be able to do much buying in the future if they have to adjust for today’s built in losses. How is putting more guarenteed losses into the system gonna fix the system, when the problem is too many losses? I guess it props up the banks until the buyers stop buying, but then what? Perpetual Fed monitization? I suppose mark to market is never coming back.
Participant[quote=HLS]90%+ of mortgage loans today are govt back. It IS frightening. It is nothing more than artificial manipulation that will continue for one reason, just imagine what will happen if they stop.
[/quote]I guess it is like a Ponzi scheme, once you start there isnt any way to stop.
[quote=HLS]Investors buying MBS today are buying 30 YR bonds with a yield of less than 5%. Bondholders dont service the loans. The net return is lower than the rate being paid. If/when interest rates go to 6%-7% the market value of the bonds will fall eroding the principal.
Everybody is great at “predicting the past”
very few people can predict the future.
[/quote]I keep wondering about this. Everyone knows rates will have to go up in the future. So all of todays bonds are gonna be losses for their owners if/when rates rise.
Isn’t the whole problem with the financial system the unrealized losses rotting on balance sheets, weither they be residental, commershal, or personal (cc, auto etc) loans? Even if Banks are not holding onto the loans, someone is, and they are not going to be able to do much buying in the future if they have to adjust for today’s built in losses. How is putting more guarenteed losses into the system gonna fix the system, when the problem is too many losses? I guess it props up the banks until the buyers stop buying, but then what? Perpetual Fed monitization? I suppose mark to market is never coming back.
Participant[quote=HLS]90%+ of mortgage loans today are govt back. It IS frightening. It is nothing more than artificial manipulation that will continue for one reason, just imagine what will happen if they stop.
[/quote]I guess it is like a Ponzi scheme, once you start there isnt any way to stop.
[quote=HLS]Investors buying MBS today are buying 30 YR bonds with a yield of less than 5%. Bondholders dont service the loans. The net return is lower than the rate being paid. If/when interest rates go to 6%-7% the market value of the bonds will fall eroding the principal.
Everybody is great at “predicting the past”
very few people can predict the future.
[/quote]I keep wondering about this. Everyone knows rates will have to go up in the future. So all of todays bonds are gonna be losses for their owners if/when rates rise.
Isn’t the whole problem with the financial system the unrealized losses rotting on balance sheets, weither they be residental, commershal, or personal (cc, auto etc) loans? Even if Banks are not holding onto the loans, someone is, and they are not going to be able to do much buying in the future if they have to adjust for today’s built in losses. How is putting more guarenteed losses into the system gonna fix the system, when the problem is too many losses? I guess it props up the banks until the buyers stop buying, but then what? Perpetual Fed monitization? I suppose mark to market is never coming back.
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