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enron_by_the_sea
Participant[quote=Huckleberry]
I challenge any RE bulls to rebut this analysis and thesis without embarrassing yourself now and/or in the future when her predictions once again come true…
[/quote]
I am not RE bull and obviously Meredith Whitney is smart and I respect her for the being right on the big call.
However I read the link and listened to CNBC interview and it was all about banks, their balance sheets and stock prices.
I only see following quote about house prices : “I think there is no doubt that home prices will go down dramatically from here, it’s just a question of when.”. There are absolutely no reasons listed in the article for that assertion.
How do you rebut an “analysis and thesis” which has not been made?
enron_by_the_sea
Participant[quote=Huckleberry]
I challenge any RE bulls to rebut this analysis and thesis without embarrassing yourself now and/or in the future when her predictions once again come true…
[/quote]
I am not RE bull and obviously Meredith Whitney is smart and I respect her for the being right on the big call.
However I read the link and listened to CNBC interview and it was all about banks, their balance sheets and stock prices.
I only see following quote about house prices : “I think there is no doubt that home prices will go down dramatically from here, it’s just a question of when.”. There are absolutely no reasons listed in the article for that assertion.
How do you rebut an “analysis and thesis” which has not been made?
enron_by_the_sea
ParticipantActually it is not that bad
Boeing 747 : First Flight ~1968.
Boeing 737: First Flight ~ 1967.Granted, they have been extensively updated over decades
enron_by_the_sea
ParticipantActually it is not that bad
Boeing 747 : First Flight ~1968.
Boeing 737: First Flight ~ 1967.Granted, they have been extensively updated over decades
enron_by_the_sea
ParticipantActually it is not that bad
Boeing 747 : First Flight ~1968.
Boeing 737: First Flight ~ 1967.Granted, they have been extensively updated over decades
enron_by_the_sea
ParticipantActually it is not that bad
Boeing 747 : First Flight ~1968.
Boeing 737: First Flight ~ 1967.Granted, they have been extensively updated over decades
enron_by_the_sea
ParticipantActually it is not that bad
Boeing 747 : First Flight ~1968.
Boeing 737: First Flight ~ 1967.Granted, they have been extensively updated over decades
August 21, 2009 at 8:44 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #447433enron_by_the_sea
ParticipantAs far as new Alta-A and subprimes in the pipeline, I found this very interesting post
http://accruedint.blogspot.com/2009/08/smackdown-week-interlude.html
His conclusions:
[1] Most of the subprime damage is over.
[2] Option ARMs are at best compensating for disappearance of subprime for now.
[3] There are not many Option-ARMs left though.Thus the source of foreclosure pipeline is drying up. (Of course the pipeline is full at present and it will take some time for it to become empty.)
Thoughts?
August 21, 2009 at 8:44 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #447625enron_by_the_sea
ParticipantAs far as new Alta-A and subprimes in the pipeline, I found this very interesting post
http://accruedint.blogspot.com/2009/08/smackdown-week-interlude.html
His conclusions:
[1] Most of the subprime damage is over.
[2] Option ARMs are at best compensating for disappearance of subprime for now.
[3] There are not many Option-ARMs left though.Thus the source of foreclosure pipeline is drying up. (Of course the pipeline is full at present and it will take some time for it to become empty.)
Thoughts?
August 21, 2009 at 8:44 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #447964enron_by_the_sea
ParticipantAs far as new Alta-A and subprimes in the pipeline, I found this very interesting post
http://accruedint.blogspot.com/2009/08/smackdown-week-interlude.html
His conclusions:
[1] Most of the subprime damage is over.
[2] Option ARMs are at best compensating for disappearance of subprime for now.
[3] There are not many Option-ARMs left though.Thus the source of foreclosure pipeline is drying up. (Of course the pipeline is full at present and it will take some time for it to become empty.)
Thoughts?
August 21, 2009 at 8:44 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #448032enron_by_the_sea
ParticipantAs far as new Alta-A and subprimes in the pipeline, I found this very interesting post
http://accruedint.blogspot.com/2009/08/smackdown-week-interlude.html
His conclusions:
[1] Most of the subprime damage is over.
[2] Option ARMs are at best compensating for disappearance of subprime for now.
[3] There are not many Option-ARMs left though.Thus the source of foreclosure pipeline is drying up. (Of course the pipeline is full at present and it will take some time for it to become empty.)
Thoughts?
August 21, 2009 at 8:44 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #448215enron_by_the_sea
ParticipantAs far as new Alta-A and subprimes in the pipeline, I found this very interesting post
http://accruedint.blogspot.com/2009/08/smackdown-week-interlude.html
His conclusions:
[1] Most of the subprime damage is over.
[2] Option ARMs are at best compensating for disappearance of subprime for now.
[3] There are not many Option-ARMs left though.Thus the source of foreclosure pipeline is drying up. (Of course the pipeline is full at present and it will take some time for it to become empty.)
Thoughts?
enron_by_the_sea
Participant[quote=AN][quote=SD Realtor]I don’t think it will go for 500k 6 months from now or 16 months from now.[/quote]
I don’t think so either. If someone list a property like this for even $550k 6-16 months from now, I would gladly upgrade to that.[/quote]No you won’t. I will buy at 600K before you.
Oh, on second thoughts you can have it. If price of this falls to 500K I will probably be looking at a place in Carmel Valley to upgrade to.
enron_by_the_sea
Participant[quote=AN][quote=SD Realtor]I don’t think it will go for 500k 6 months from now or 16 months from now.[/quote]
I don’t think so either. If someone list a property like this for even $550k 6-16 months from now, I would gladly upgrade to that.[/quote]No you won’t. I will buy at 600K before you.
Oh, on second thoughts you can have it. If price of this falls to 500K I will probably be looking at a place in Carmel Valley to upgrade to.
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