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August 9, 2007 at 1:46 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72336
JWM in SD
ParticipantI didn’t say Super Janae was the cause. She is a symptom of an overheated credit bubble.
Let me ask you this. If the credit bubble didn’t exist, then would Super Janae have been able to pull off this transaction????
August 9, 2007 at 1:46 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72453ParticipantI didn’t say Super Janae was the cause. She is a symptom of an overheated credit bubble.
Let me ask you this. If the credit bubble didn’t exist, then would Super Janae have been able to pull off this transaction????
August 9, 2007 at 1:46 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72461ParticipantI didn’t say Super Janae was the cause. She is a symptom of an overheated credit bubble.
Let me ask you this. If the credit bubble didn’t exist, then would Super Janae have been able to pull off this transaction????
August 9, 2007 at 12:30 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72268ParticipantNO, it isn’t OKay Bsharma. That is why the dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years. Into her MBZs and Beemers and whatever other crap she bought with those ill-gotten gains.
I will say it yet again so everyone understands this:
For the past several years M3 growth has flooded the marketplace with liquidity and that is why we have a housing bubble. The REIC has been grifting off that credit expansion. We are heading into deflation which historically results from a credit bubble.
August 9, 2007 at 12:30 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72386ParticipantNO, it isn’t OKay Bsharma. That is why the dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years. Into her MBZs and Beemers and whatever other crap she bought with those ill-gotten gains.
I will say it yet again so everyone understands this:
For the past several years M3 growth has flooded the marketplace with liquidity and that is why we have a housing bubble. The REIC has been grifting off that credit expansion. We are heading into deflation which historically results from a credit bubble.
August 9, 2007 at 12:30 PM in reply to: Where is the Outrage? Realtors gone amok,still ripping off the Banks #72395ParticipantNO, it isn’t OKay Bsharma. That is why the dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years. Into her MBZs and Beemers and whatever other crap she bought with those ill-gotten gains.
I will say it yet again so everyone understands this:
For the past several years M3 growth has flooded the marketplace with liquidity and that is why we have a housing bubble. The REIC has been grifting off that credit expansion. We are heading into deflation which historically results from a credit bubble.
ParticipantHey HLS,
Thanks for having the courage to start posting on this board despite being “in the biz”. Your posts have been a godsend of rationality that was beginning to be sorely lacking here since about Feb 07.
JWM in SD
ParticipantHey HLS,
Thanks for having the courage to start posting on this board despite being “in the biz”. Your posts have been a godsend of rationality that was beginning to be sorely lacking here since about Feb 07.
JWM in SD
ParticipantHey HLS,
Thanks for having the courage to start posting on this board despite being “in the biz”. Your posts have been a godsend of rationality that was beginning to be sorely lacking here since about Feb 07.
JWM in SD
Participant“Our $790k mortgage becomes $690 at 4% which is $28.75 in payments per/year.”
I guess you haven’t heard the news about the credit crunch Bubba???? Good luck getting a $690K mortgage at 4% in the next several years.
Participant“Our $790k mortgage becomes $690 at 4% which is $28.75 in payments per/year.”
I guess you haven’t heard the news about the credit crunch Bubba???? Good luck getting a $690K mortgage at 4% in the next several years.
Participant“Our $790k mortgage becomes $690 at 4% which is $28.75 in payments per/year.”
I guess you haven’t heard the news about the credit crunch Bubba???? Good luck getting a $690K mortgage at 4% in the next several years.
Participant“To the buyer with a big down payment from the early 2006 sale of his/her over priced home, the market is going to look very good.
To everyone else, the market looks the same (interest) times (price) = payment =/- 4%”
It is also going to look very good to those with lots of cash for a downpayment as well. You know, like those bitter renters who saved the difference between rent and the comparable mortgage payments.
Participant“To the buyer with a big down payment from the early 2006 sale of his/her over priced home, the market is going to look very good.
To everyone else, the market looks the same (interest) times (price) = payment =/- 4%”
It is also going to look very good to those with lots of cash for a downpayment as well. You know, like those bitter renters who saved the difference between rent and the comparable mortgage payments.
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