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kewpParticipant
Haven’t we learned by now that the “Bagdhad Bob” PR model is in full effect with these guys? They won’t admit they are underwater until its up to their eyeballs…
kewpParticipantShort the lenders, go long on companies that sell gardening supplies to illegal immigrants.
My advice, anyway.
kewpParticipantShort the lenders, go long on companies that sell gardening supplies to illegal immigrants.
My advice, anyway.
kewpParticipantI assume that renters that have been priced out of the market for the last few years will get a bail out also?
I’m waiting for my 30k check for a down payment any day now!
kewpParticipantI assume that renters that have been priced out of the market for the last few years will get a bail out also?
I’m waiting for my 30k check for a down payment any day now!
kewpParticipantIf you want to invest in a MBS that will not perform than that is your problem. Put the blame where it is due.
I think if you are looking for a ‘smoking gun’ you are going to be disappointed. It’s more like a smoking munitions depot at this point.
I do feel, however, that when the dust settles, the folks that were mis-grading the MBS’ (AAA for junk) are going to be the scapegoat. If anyone should have know better, it should have been them.
kewpParticipantIf you want to invest in a MBS that will not perform than that is your problem. Put the blame where it is due.
I think if you are looking for a ‘smoking gun’ you are going to be disappointed. It’s more like a smoking munitions depot at this point.
I do feel, however, that when the dust settles, the folks that were mis-grading the MBS’ (AAA for junk) are going to be the scapegoat. If anyone should have know better, it should have been them.
kewpParticipantActually, A_A, what is your definition of ‘imploding’?
I agree with PerryChase that we are, at the very least, a year away from an implosion by any definition.
Be patient, save up, improve your credit score and (most importantly) make sure you have a stable source of income, if you need it. SD county is way over-dependent on the RE-RE-RE’s (real estate, retail and related industries).
kewpParticipantActually, A_A, what is your definition of ‘imploding’?
I agree with PerryChase that we are, at the very least, a year away from an implosion by any definition.
Be patient, save up, improve your credit score and (most importantly) make sure you have a stable source of income, if you need it. SD county is way over-dependent on the RE-RE-RE’s (real estate, retail and related industries).
kewpParticipantBased on my research of the past week or so, its because banks are just sitting on all their repo’s. Possibly hoping for a recovery.
When they unload its going to crater the market.
kewpParticipantBased on my research of the past week or so, its because banks are just sitting on all their repo’s. Possibly hoping for a recovery.
When they unload its going to crater the market.
kewpParticipantso what are some foreclosure companies to bet long in?
I’m looking at buying oily rag and kerosene futures, anticipating a growing arson market is SoCal.
(jeeze that was harsh even for me)
kewpParticipantso what are some foreclosure companies to bet long in?
I’m looking at buying oily rag and kerosene futures, anticipating a growing arson market is SoCal.
(jeeze that was harsh even for me)
July 24, 2007 at 6:22 PM in reply to: Record High Foreclosures in California: 17,408 in 2nd quarter vs 11K in first #67485kewpParticipantI know I heard that 95% part correctly, although i have no way to validate his claim it may account for the discrepency in the inventory stats.
http://www.realtytrac.com/Mapping/Mapping/DetailsMap.aspx?criteriaType=zip&criteriaValue=92104
Just eyeballing the worst areas of SD with realtytrac would seem to indicate that as well. I’m getting actually seriously worried at this point, given the carnage thats present and considering we are just on the upswing of ARM resets, interest rates are climbing and job growth is hitting a wall. Now think what a recession will do. A fifty percent drop seems optimistic at this point.
So I wonder if the banks are playing some sort of game holding properties like this to try and stave of a crash, or there is some other not-obvious-to-me benefit to doing so.
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