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JWM in SD
ParticipantGreat points PD. I think a lot of people are purposely ignoring what general direction rates are going in relative to housing prices given the market conditions. Rates are more likely to go up and not down. The dollar drops and Ben has to defend it with a rate hike. Inflation symptoms manifest in consumer goods prices and Ben can’t justify lowering.
I didn’t even want to mention the Fraud Layer that exists in all of SoCal real estate value right now. The inevitable response will be that it’s exclusive to Temecula, Murrietta and IE. Oh no, it’s not my clueless permabull friends. Everytime you see that the asking price of house has been raised after a series of price drops, that is an invitation for Cash Back Fraud pure and simple.
ParticipantGreat points PD. I think a lot of people are purposely ignoring what general direction rates are going in relative to housing prices given the market conditions. Rates are more likely to go up and not down. The dollar drops and Ben has to defend it with a rate hike. Inflation symptoms manifest in consumer goods prices and Ben can’t justify lowering.
I didn’t even want to mention the Fraud Layer that exists in all of SoCal real estate value right now. The inevitable response will be that it’s exclusive to Temecula, Murrietta and IE. Oh no, it’s not my clueless permabull friends. Everytime you see that the asking price of house has been raised after a series of price drops, that is an invitation for Cash Back Fraud pure and simple.
ParticipantThey have resulted in price drops. The problem, which I thought was already well documented here, is that the median price is a lagging indicator and useless in a market where the deterioation occurs from the bottom up. It’s called the plankton theory (move up buyers).
Regarding deflation, that is also what I’m looking for and credit contraction is a strong indication that this is happening. When the CDO market finally cracks, the underlying loans will be marked to market and there will be an impact to pricing.
The trolls posting on this thread, yes they are trolls, can continue to spew a bunch of micro economic nonsense, but I take solace in having a much larger perspective on this and let me tell it is going to be UGLY.
Helicopter Ben….don’t make me freaking laugh. He has one job in the end and that is to protect the dollar. For all of the “ben will inflate away my overpriced housing debt” let me clue you into something. The hyperinflation has already happened my friends. It was M3 credit which resulted in an asset price bubble(s). First in stocks and then in real estate. The only place we are headed is into deflation.
ParticipantThey have resulted in price drops. The problem, which I thought was already well documented here, is that the median price is a lagging indicator and useless in a market where the deterioation occurs from the bottom up. It’s called the plankton theory (move up buyers).
Regarding deflation, that is also what I’m looking for and credit contraction is a strong indication that this is happening. When the CDO market finally cracks, the underlying loans will be marked to market and there will be an impact to pricing.
The trolls posting on this thread, yes they are trolls, can continue to spew a bunch of micro economic nonsense, but I take solace in having a much larger perspective on this and let me tell it is going to be UGLY.
Helicopter Ben….don’t make me freaking laugh. He has one job in the end and that is to protect the dollar. For all of the “ben will inflate away my overpriced housing debt” let me clue you into something. The hyperinflation has already happened my friends. It was M3 credit which resulted in an asset price bubble(s). First in stocks and then in real estate. The only place we are headed is into deflation.
Participant“. Credit / Dept contraction theory has been around for a long time and nothing in the way of a crises has happened.”
Come on Neeta are you F*cking kidding me???? Have you had your head in the sand since march? Over 90 subprime lenders are dead. Have you not heard about the CDO issues in the news and what’s happening with Bear Stearns????
give me a break.
Participant“. Credit / Dept contraction theory has been around for a long time and nothing in the way of a crises has happened.”
Come on Neeta are you F*cking kidding me???? Have you had your head in the sand since march? Over 90 subprime lenders are dead. Have you not heard about the CDO issues in the news and what’s happening with Bear Stearns????
give me a break.
ParticipantHey Scruffy Dog (or maybe Scruffy DipSh*t),
That’s great, then go buy a house right now…in fact, go buy 2 or 3 with and I/O…oh, wait,you can’t get those loans anymore. Hmmm…
I have cash adn I have time. What do you have????
ParticipantHey Scruffy Dog (or maybe Scruffy DipSh*t),
That’s great, then go buy a house right now…in fact, go buy 2 or 3 with and I/O…oh, wait,you can’t get those loans anymore. Hmmm…
I have cash adn I have time. What do you have????
ParticipantThis is exactly what I want to know as well. I want to understand the size of the Fraud layer that is built into SoCal residential real estate. That is the layer that will be stripped away the fastest in my opinion due to media coverage.
Core / conned by crooks: GO CRY SOMEWHERE ELSE!! GOT IT…NOW.
NO Sympathy of Ponzi Suckers…I will not bail your ass out for being F**king Stupid.
ParticipantThis is exactly what I want to know as well. I want to understand the size of the Fraud layer that is built into SoCal residential real estate. That is the layer that will be stripped away the fastest in my opinion due to media coverage.
Core / conned by crooks: GO CRY SOMEWHERE ELSE!! GOT IT…NOW.
NO Sympathy of Ponzi Suckers…I will not bail your ass out for being F**king Stupid.
ParticipantCORE,
You need to give it up already…you are not going to elicit sympathy here for being a fool with your money. Stop using this site as your personal forum.
Go Away Already!!!!!
ParticipantCORE,
You need to give it up already…you are not going to elicit sympathy here for being a fool with your money. Stop using this site as your personal forum.
Go Away Already!!!!!
ParticipantI know you mean well Perry, but this kind of thing is strictly the realm of Calculated Risk and resident rock star Tanta.
ParticipantI know you mean well Perry, but this kind of thing is strictly the realm of Calculated Risk and resident rock star Tanta.
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