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falcon_eyes
Participantrule of thumb:
If the neighborhood in your complex is starting to have many many FOR SALE signs in comparison to La Jolla, Beverly Hills area these days, then you can safely assume the complex has many speculators or highly leveraged homeowners who are itching to get rid off the property since the JUMBO LOANS new higher rate and ARMageddon RESETS starting this October until next September.falcon_eyes
Participantrule of thumb:
If the neighborhood in your complex is starting to have many many FOR SALE signs in comparison to La Jolla, Beverly Hills area these days, then you can safely assume the complex has many speculators or highly leveraged homeowners who are itching to get rid off the property since the JUMBO LOANS new higher rate and ARMageddon RESETS starting this October until next September.falcon_eyes
ParticipantWhy the government, financial accounting, and Venture Capital industry did not warn the stock buyers of Internet dot com companies when the NASDAQ hit 5000 points?
Then after the Internet dot com bust happened, the SEC introduced the Sarbanes-Oxley Act.
It’s all about the Greed and Speculation … expect the same thing will happen to this residential housing market.
falcon_eyes
ParticipantWhy the government, financial accounting, and Venture Capital industry did not warn the stock buyers of Internet dot com companies when the NASDAQ hit 5000 points?
Then after the Internet dot com bust happened, the SEC introduced the Sarbanes-Oxley Act.
It’s all about the Greed and Speculation … expect the same thing will happen to this residential housing market.
falcon_eyes
ParticipantWhy the government, financial accounting, and Venture Capital industry did not warn the stock buyers of Internet dot com companies when the NASDAQ hit 5000 points?
Then after the Internet dot com bust happened, the SEC introduced the Sarbanes-Oxley Act.
It’s all about the Greed and Speculation … expect the same thing will happen to this residential housing market.
August 18, 2007 at 12:47 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77398falcon_eyes
Participantwhat I’m curious about is could this Japanese stagnation economy will happen to the US now as the Fed is ready to cut the rate lower in order to please the Wall Street gangs?
if I’m not mistaken, the japanese interest rate is very very low for more than a decade … approaching to 0% which i assume intentionally being designed to attract many foreign countries to borrow money while preserving the central financial systems there.
This strategy could happen to US soon and I don’t see no big issue for the average consumers anyway since they get a chance to keep their overvalued home at a flat level instead of drop like a stone instantly, as long as they can pay their monthly mortgage to the bank regularly.
I think the average consumers will do the same thing that they did in the past which is saving their incomes to house and stock markets, which should be just fine. This could be a win win situation for both the Main Street and the Wall Street.
August 18, 2007 at 12:47 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77519falcon_eyes
Participantwhat I’m curious about is could this Japanese stagnation economy will happen to the US now as the Fed is ready to cut the rate lower in order to please the Wall Street gangs?
if I’m not mistaken, the japanese interest rate is very very low for more than a decade … approaching to 0% which i assume intentionally being designed to attract many foreign countries to borrow money while preserving the central financial systems there.
This strategy could happen to US soon and I don’t see no big issue for the average consumers anyway since they get a chance to keep their overvalued home at a flat level instead of drop like a stone instantly, as long as they can pay their monthly mortgage to the bank regularly.
I think the average consumers will do the same thing that they did in the past which is saving their incomes to house and stock markets, which should be just fine. This could be a win win situation for both the Main Street and the Wall Street.
August 18, 2007 at 12:47 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77547falcon_eyes
Participantwhat I’m curious about is could this Japanese stagnation economy will happen to the US now as the Fed is ready to cut the rate lower in order to please the Wall Street gangs?
if I’m not mistaken, the japanese interest rate is very very low for more than a decade … approaching to 0% which i assume intentionally being designed to attract many foreign countries to borrow money while preserving the central financial systems there.
This strategy could happen to US soon and I don’t see no big issue for the average consumers anyway since they get a chance to keep their overvalued home at a flat level instead of drop like a stone instantly, as long as they can pay their monthly mortgage to the bank regularly.
I think the average consumers will do the same thing that they did in the past which is saving their incomes to house and stock markets, which should be just fine. This could be a win win situation for both the Main Street and the Wall Street.
falcon_eyes
ParticipantThe way I looked at this is we’re playing the non zero sum games, which is unfair since there is this thing called “invisible hands” when the BIG HONCHO is losing on the house being protected in the name of everyone’ stability.
I wish we could play the zero sum games where yes, I’ll admit some people made big bucks when they reaped lots of bling bling profit in this recent housing boom market while others are losing their shirts as we’re in the housing bust mode now.
But someone might say, did you know that Life is not fair?
falcon_eyes
ParticipantThe way I looked at this is we’re playing the non zero sum games, which is unfair since there is this thing called “invisible hands” when the BIG HONCHO is losing on the house being protected in the name of everyone’ stability.
I wish we could play the zero sum games where yes, I’ll admit some people made big bucks when they reaped lots of bling bling profit in this recent housing boom market while others are losing their shirts as we’re in the housing bust mode now.
But someone might say, did you know that Life is not fair?
falcon_eyes
ParticipantThe way I looked at this is we’re playing the non zero sum games, which is unfair since there is this thing called “invisible hands” when the BIG HONCHO is losing on the house being protected in the name of everyone’ stability.
I wish we could play the zero sum games where yes, I’ll admit some people made big bucks when they reaped lots of bling bling profit in this recent housing boom market while others are losing their shirts as we’re in the housing bust mode now.
But someone might say, did you know that Life is not fair?
August 17, 2007 at 1:30 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #76815falcon_eyes
ParticipantShould we the USA follow the same economic strategy that Japanese did to combat this? …. which I believe to cut the interest rate all the way to 0% for maintaining the stable stagnant economy welfare and keep the banks for running the economy.
It seems like that’s the best solution for our country in order to prevent the Great Depression which will soon hit the Housing Main Street and the Financial Wall Street if the interest rate stays at the 5.25% current level.
Maybe Jim Cramer was right a few weeks ago.
August 17, 2007 at 1:30 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #76935falcon_eyes
ParticipantShould we the USA follow the same economic strategy that Japanese did to combat this? …. which I believe to cut the interest rate all the way to 0% for maintaining the stable stagnant economy welfare and keep the banks for running the economy.
It seems like that’s the best solution for our country in order to prevent the Great Depression which will soon hit the Housing Main Street and the Financial Wall Street if the interest rate stays at the 5.25% current level.
Maybe Jim Cramer was right a few weeks ago.
August 17, 2007 at 1:30 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #76961falcon_eyes
ParticipantShould we the USA follow the same economic strategy that Japanese did to combat this? …. which I believe to cut the interest rate all the way to 0% for maintaining the stable stagnant economy welfare and keep the banks for running the economy.
It seems like that’s the best solution for our country in order to prevent the Great Depression which will soon hit the Housing Main Street and the Financial Wall Street if the interest rate stays at the 5.25% current level.
Maybe Jim Cramer was right a few weeks ago.
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