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May 30, 2008 at 10:33 AM in reply to: CarmelValley Pardee Saratoga Holding Value, Yeah Right…. #214090May 30, 2008 at 10:33 AM in reply to: CarmelValley Pardee Saratoga Holding Value, Yeah Right…. #214169
JWM in SD
ParticipantYOu should wait another 2 years Larry. The second wave of resets/recasts on alt-a and option arm loans is coming. The distress you are seeing now in CV is only a trickle.
May 30, 2008 at 10:33 AM in reply to: CarmelValley Pardee Saratoga Holding Value, Yeah Right…. #214194ParticipantYOu should wait another 2 years Larry. The second wave of resets/recasts on alt-a and option arm loans is coming. The distress you are seeing now in CV is only a trickle.
May 30, 2008 at 10:33 AM in reply to: CarmelValley Pardee Saratoga Holding Value, Yeah Right…. #214217ParticipantYOu should wait another 2 years Larry. The second wave of resets/recasts on alt-a and option arm loans is coming. The distress you are seeing now in CV is only a trickle.
May 30, 2008 at 10:33 AM in reply to: CarmelValley Pardee Saratoga Holding Value, Yeah Right…. #214246ParticipantYOu should wait another 2 years Larry. The second wave of resets/recasts on alt-a and option arm loans is coming. The distress you are seeing now in CV is only a trickle.
ParticipantActually Ex-SD, the big concern should not be with consumer banks, but rather commercial banks and / or banks which have a large business lending practice going. When small to medium sized businesses get reductions in their LOCs or have their cost of capital raised, then watch the layoffs ensue. This is the real systemic risk that Bernanke, et al are afraid of.
ParticipantActually Ex-SD, the big concern should not be with consumer banks, but rather commercial banks and / or banks which have a large business lending practice going. When small to medium sized businesses get reductions in their LOCs or have their cost of capital raised, then watch the layoffs ensue. This is the real systemic risk that Bernanke, et al are afraid of.
ParticipantActually Ex-SD, the big concern should not be with consumer banks, but rather commercial banks and / or banks which have a large business lending practice going. When small to medium sized businesses get reductions in their LOCs or have their cost of capital raised, then watch the layoffs ensue. This is the real systemic risk that Bernanke, et al are afraid of.
ParticipantActually Ex-SD, the big concern should not be with consumer banks, but rather commercial banks and / or banks which have a large business lending practice going. When small to medium sized businesses get reductions in their LOCs or have their cost of capital raised, then watch the layoffs ensue. This is the real systemic risk that Bernanke, et al are afraid of.
ParticipantActually Ex-SD, the big concern should not be with consumer banks, but rather commercial banks and / or banks which have a large business lending practice going. When small to medium sized businesses get reductions in their LOCs or have their cost of capital raised, then watch the layoffs ensue. This is the real systemic risk that Bernanke, et al are afraid of.
Participant“From the outside they look financially successful but a combination of factors is now biting them in the ass:
> house prices have dropped so there is no more equity to be extracted
> house prices have dropped so there is no way to refi the property without putting cash into the deal
> lending standards have gotten tougher – no more ‘fog a mirror’ loans with 0 down
> HELOs have been frozenThis combination of factors means no more housing ATM for many supposedly ‘well-heeled’ San Diegans”
couple that with a jobloss or two and you really get a viscious cycle going. I’m telling you guys, some people have no idea what is coming down the pipe and it is not pretty.
Participant“From the outside they look financially successful but a combination of factors is now biting them in the ass:
> house prices have dropped so there is no more equity to be extracted
> house prices have dropped so there is no way to refi the property without putting cash into the deal
> lending standards have gotten tougher – no more ‘fog a mirror’ loans with 0 down
> HELOs have been frozenThis combination of factors means no more housing ATM for many supposedly ‘well-heeled’ San Diegans”
couple that with a jobloss or two and you really get a viscious cycle going. I’m telling you guys, some people have no idea what is coming down the pipe and it is not pretty.
Participant“From the outside they look financially successful but a combination of factors is now biting them in the ass:
> house prices have dropped so there is no more equity to be extracted
> house prices have dropped so there is no way to refi the property without putting cash into the deal
> lending standards have gotten tougher – no more ‘fog a mirror’ loans with 0 down
> HELOs have been frozenThis combination of factors means no more housing ATM for many supposedly ‘well-heeled’ San Diegans”
couple that with a jobloss or two and you really get a viscious cycle going. I’m telling you guys, some people have no idea what is coming down the pipe and it is not pretty.
Participant“From the outside they look financially successful but a combination of factors is now biting them in the ass:
> house prices have dropped so there is no more equity to be extracted
> house prices have dropped so there is no way to refi the property without putting cash into the deal
> lending standards have gotten tougher – no more ‘fog a mirror’ loans with 0 down
> HELOs have been frozenThis combination of factors means no more housing ATM for many supposedly ‘well-heeled’ San Diegans”
couple that with a jobloss or two and you really get a viscious cycle going. I’m telling you guys, some people have no idea what is coming down the pipe and it is not pretty.
Participant“From the outside they look financially successful but a combination of factors is now biting them in the ass:
> house prices have dropped so there is no more equity to be extracted
> house prices have dropped so there is no way to refi the property without putting cash into the deal
> lending standards have gotten tougher – no more ‘fog a mirror’ loans with 0 down
> HELOs have been frozenThis combination of factors means no more housing ATM for many supposedly ‘well-heeled’ San Diegans”
couple that with a jobloss or two and you really get a viscious cycle going. I’m telling you guys, some people have no idea what is coming down the pipe and it is not pretty.
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