[gromit]

[quote=yooklid]I would have thought the schadenfreude explosion would have been greater. [/quote]

I’d jump on the schadenfreude bandwagon– but I don’t know who Gary Watts is. Who is he?

[gromit]

[quote=AN][quote=gromit]ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!
[/quote]
You’re kidding right? Are you suggesting Piggington is a MSM now?[/quote]

No I think you misunderstood me AN (and I didn’t make my point clear)– just the opposite– I was pointing out that folks on this site were insightful and prescient in predicting the current crisis. I mean this site was all about predicting the mortgage/ financial crisis. I couldn’t believe that danthedart seemed to be arguing, in this forum of all places, that the crisis was unpredictable.

[gromit]

[quote=AN][quote=gromit]ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!
[/quote]
You’re kidding right? Are you suggesting Piggington is a MSM now?[/quote]

No I think you misunderstood me AN (and I didn’t make my point clear)– just the opposite– I was pointing out that folks on this site were insightful and prescient in predicting the current crisis. I mean this site was all about predicting the mortgage/ financial crisis. I couldn’t believe that danthedart seemed to be arguing, in this forum of all places, that the crisis was unpredictable.

[gromit]

[quote=AN][quote=gromit]ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!
[/quote]
You’re kidding right? Are you suggesting Piggington is a MSM now?[/quote]

No I think you misunderstood me AN (and I didn’t make my point clear)– just the opposite– I was pointing out that folks on this site were insightful and prescient in predicting the current crisis. I mean this site was all about predicting the mortgage/ financial crisis. I couldn’t believe that danthedart seemed to be arguing, in this forum of all places, that the crisis was unpredictable.

[gromit]

[quote=AN][quote=gromit]ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!
[/quote]
You’re kidding right? Are you suggesting Piggington is a MSM now?[/quote]

No I think you misunderstood me AN (and I didn’t make my point clear)– just the opposite– I was pointing out that folks on this site were insightful and prescient in predicting the current crisis. I mean this site was all about predicting the mortgage/ financial crisis. I couldn’t believe that danthedart seemed to be arguing, in this forum of all places, that the crisis was unpredictable.

[gromit]

[quote=AN][quote=gromit]ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!
[/quote]
You’re kidding right? Are you suggesting Piggington is a MSM now?[/quote]

No I think you misunderstood me AN (and I didn’t make my point clear)– just the opposite– I was pointing out that folks on this site were insightful and prescient in predicting the current crisis. I mean this site was all about predicting the mortgage/ financial crisis. I couldn’t believe that danthedart seemed to be arguing, in this forum of all places, that the crisis was unpredictable.

[gromit]

“Guess what, nobody else was able to do it either.”– Dan

ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!

[gromit]

“Guess what, nobody else was able to do it either.”– Dan

ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!

[gromit]

“Guess what, nobody else was able to do it either.”– Dan

ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!

[gromit]

“Guess what, nobody else was able to do it either.”– Dan

ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!

[gromit]

“Guess what, nobody else was able to do it either.”– Dan

ROFL!!! You’re kidding, right??!! This website is the LAST place I’d expect to see that argument!!

[gromit]

[quote=publicdefender]so insteadof the past practices where appraisers would be paid to come in with high appraisals, now the emphasis will be coming in with the lowest possible appraisal and then claiming poverty? and if these regster as sales, wont this practice decimate housing prices. setting aside the moral hazard issues, which are obviously kind of sickening for responsible people who waited to buy, wouldn’t this accelerate a race to the bottom for “market value” as the lower the appraisal the better deal the homeowner (that term needs to be made illegal under this new law and its use made punishable by ineligibility for any further govt aid)) would receive. who would jump in and buy a house when all the current people are getting free money from the govt? wouldnt you just wait for that fiasco to play out so the market can do its work again?[/quote]

Hear, hear!

[gromit]

[quote=publicdefender]so insteadof the past practices where appraisers would be paid to come in with high appraisals, now the emphasis will be coming in with the lowest possible appraisal and then claiming poverty? and if these regster as sales, wont this practice decimate housing prices. setting aside the moral hazard issues, which are obviously kind of sickening for responsible people who waited to buy, wouldn’t this accelerate a race to the bottom for “market value” as the lower the appraisal the better deal the homeowner (that term needs to be made illegal under this new law and its use made punishable by ineligibility for any further govt aid)) would receive. who would jump in and buy a house when all the current people are getting free money from the govt? wouldnt you just wait for that fiasco to play out so the market can do its work again?[/quote]

Hear, hear!

[gromit]

[quote=publicdefender]so insteadof the past practices where appraisers would be paid to come in with high appraisals, now the emphasis will be coming in with the lowest possible appraisal and then claiming poverty? and if these regster as sales, wont this practice decimate housing prices. setting aside the moral hazard issues, which are obviously kind of sickening for responsible people who waited to buy, wouldn’t this accelerate a race to the bottom for “market value” as the lower the appraisal the better deal the homeowner (that term needs to be made illegal under this new law and its use made punishable by ineligibility for any further govt aid)) would receive. who would jump in and buy a house when all the current people are getting free money from the govt? wouldnt you just wait for that fiasco to play out so the market can do its work again?[/quote]

Hear, hear!

[gromit]

[quote=publicdefender]so insteadof the past practices where appraisers would be paid to come in with high appraisals, now the emphasis will be coming in with the lowest possible appraisal and then claiming poverty? and if these regster as sales, wont this practice decimate housing prices. setting aside the moral hazard issues, which are obviously kind of sickening for responsible people who waited to buy, wouldn’t this accelerate a race to the bottom for “market value” as the lower the appraisal the better deal the homeowner (that term needs to be made illegal under this new law and its use made punishable by ineligibility for any further govt aid)) would receive. who would jump in and buy a house when all the current people are getting free money from the govt? wouldnt you just wait for that fiasco to play out so the market can do its work again?[/quote]

Hear, hear!

[Author]

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