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(former)FormerSanDiegan
ParticipantFor example, instead of backstopping the GSE’s here’s what some folks think should be the solution:
“They should have wiped out the shareholders, nationalized the institutions with legislation that they are to be reconstituted — with necessary taxpayer support to make them financially viable — as five or 10 individual privately held units,” which the government would eventually auction off to private investors, he said.
ParticipantToo risky for my blood. Unlike other company stocks the problem with evaluating Fannie Mae is that the ultimate fate of it will likely be dictated by Government intervention, not necessarily fundamentals.
Recently the Gov’t is backstopping and potentially buying the stock providing support. But who knows what happens 6 months or a year from now, with a new Administration.
ParticipantToo risky for my blood. Unlike other company stocks the problem with evaluating Fannie Mae is that the ultimate fate of it will likely be dictated by Government intervention, not necessarily fundamentals.
Recently the Gov’t is backstopping and potentially buying the stock providing support. But who knows what happens 6 months or a year from now, with a new Administration.
ParticipantToo risky for my blood. Unlike other company stocks the problem with evaluating Fannie Mae is that the ultimate fate of it will likely be dictated by Government intervention, not necessarily fundamentals.
Recently the Gov’t is backstopping and potentially buying the stock providing support. But who knows what happens 6 months or a year from now, with a new Administration.
ParticipantToo risky for my blood. Unlike other company stocks the problem with evaluating Fannie Mae is that the ultimate fate of it will likely be dictated by Government intervention, not necessarily fundamentals.
Recently the Gov’t is backstopping and potentially buying the stock providing support. But who knows what happens 6 months or a year from now, with a new Administration.
ParticipantToo risky for my blood. Unlike other company stocks the problem with evaluating Fannie Mae is that the ultimate fate of it will likely be dictated by Government intervention, not necessarily fundamentals.
Recently the Gov’t is backstopping and potentially buying the stock providing support. But who knows what happens 6 months or a year from now, with a new Administration.
August 14, 2008 at 11:56 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256862Participant[quote=mixxalot]I see a lot of broke poor people and average income does not support current inflated real estate prices in San Diego. I think prices will drop for 2 more years.[/quote]
Yeah, if that’s true then I called the bottom and I will only be off by two years. The 2001 market top folks were off by 4 years and 80%+ and have declared themselves clairvoyant.
August 14, 2008 at 11:56 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #257042Participant[quote=mixxalot]I see a lot of broke poor people and average income does not support current inflated real estate prices in San Diego. I think prices will drop for 2 more years.[/quote]
Yeah, if that’s true then I called the bottom and I will only be off by two years. The 2001 market top folks were off by 4 years and 80%+ and have declared themselves clairvoyant.
August 14, 2008 at 11:56 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #257044Participant[quote=mixxalot]I see a lot of broke poor people and average income does not support current inflated real estate prices in San Diego. I think prices will drop for 2 more years.[/quote]
Yeah, if that’s true then I called the bottom and I will only be off by two years. The 2001 market top folks were off by 4 years and 80%+ and have declared themselves clairvoyant.
August 14, 2008 at 11:56 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #257103Participant[quote=mixxalot]I see a lot of broke poor people and average income does not support current inflated real estate prices in San Diego. I think prices will drop for 2 more years.[/quote]
Yeah, if that’s true then I called the bottom and I will only be off by two years. The 2001 market top folks were off by 4 years and 80%+ and have declared themselves clairvoyant.
August 14, 2008 at 11:56 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #257151Participant[quote=mixxalot]I see a lot of broke poor people and average income does not support current inflated real estate prices in San Diego. I think prices will drop for 2 more years.[/quote]
Yeah, if that’s true then I called the bottom and I will only be off by two years. The 2001 market top folks were off by 4 years and 80%+ and have declared themselves clairvoyant.
August 14, 2008 at 9:39 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256799ParticipantIn defense of the bears from 2001 (and I’m one of them), we were early, not necessarily wrong. If prices go below 2001 levels, inflation-adjusted, then can we admit that prices were over-valued in 2001?
GREAT !
I predict that house prices are going to REBOUND after the end of 2008. That’s right I AM CALLING THE BOTTOM as of the end of 2008 ! SAVE THIS POST !!!!!
(If I am wrong in the short run, it’s because of unforeseen events, but as long as prices go above 2008 levels in inflation adjusted prices sometime in the next decade, the you guys have to consider me a prophet. Note: Mileage may vary. Individual results not typical. May cause gas with oily discharge).
August 14, 2008 at 9:39 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256982ParticipantIn defense of the bears from 2001 (and I’m one of them), we were early, not necessarily wrong. If prices go below 2001 levels, inflation-adjusted, then can we admit that prices were over-valued in 2001?
GREAT !
I predict that house prices are going to REBOUND after the end of 2008. That’s right I AM CALLING THE BOTTOM as of the end of 2008 ! SAVE THIS POST !!!!!
(If I am wrong in the short run, it’s because of unforeseen events, but as long as prices go above 2008 levels in inflation adjusted prices sometime in the next decade, the you guys have to consider me a prophet. Note: Mileage may vary. Individual results not typical. May cause gas with oily discharge).
August 14, 2008 at 9:39 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #256985ParticipantIn defense of the bears from 2001 (and I’m one of them), we were early, not necessarily wrong. If prices go below 2001 levels, inflation-adjusted, then can we admit that prices were over-valued in 2001?
GREAT !
I predict that house prices are going to REBOUND after the end of 2008. That’s right I AM CALLING THE BOTTOM as of the end of 2008 ! SAVE THIS POST !!!!!
(If I am wrong in the short run, it’s because of unforeseen events, but as long as prices go above 2008 levels in inflation adjusted prices sometime in the next decade, the you guys have to consider me a prophet. Note: Mileage may vary. Individual results not typical. May cause gas with oily discharge).
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