[Nancy_s soothsayer]

With my suspicious mind, I get the sense that the Realtor Machine has conspired to fight their losing positions by engaging in disinformation and the like. Take the MLS, for instance. They won’t show you the correct days-on-market stats anymore. They deliberately undercount the number of houses in the active for-sale list by dropping those without sq-ft measurements off the list. They have “pocket” listings maybe if they think that the sellers are not internet savvy and don’t know how to check the MLS list and confirm that theirs is actually MLS-counted.

Of course, the Realtor Machine, if they aren’t doing it already, could manipulate the number of active listing in the MLS by understating it in a huge magnitude. They publish the total number of actives – such a big deal – everybody looks at it and use it as basis of discussion and prior-year comparisons. That way, the mainstream media and the gullible “us” would all assume that “inventory is dropping” So, I take what the MLS count that the realtors tell us with a huge slab (not a grain) of salt.

[Nancy_s soothsayer]

With my suspicious mind, I get the sense that the Realtor Machine has conspired to fight their losing positions by engaging in disinformation and the like. Take the MLS, for instance. They won’t show you the correct days-on-market stats anymore. They deliberately undercount the number of houses in the active for-sale list by dropping those without sq-ft measurements off the list. They have “pocket” listings maybe if they think that the sellers are not internet savvy and don’t know how to check the MLS list and confirm that theirs is actually MLS-counted.

Of course, the Realtor Machine, if they aren’t doing it already, could manipulate the number of active listing in the MLS by understating it in a huge magnitude. They publish the total number of actives – such a big deal – everybody looks at it and use it as basis of discussion and prior-year comparisons. That way, the mainstream media and the gullible “us” would all assume that “inventory is dropping” So, I take what the MLS count that the realtors tell us with a huge slab (not a grain) of salt.

[Nancy_s soothsayer]

Funny, I just finished my rant about the Realtor Machine in the “Carmel Valley Monitor” thread. I so agree with you that buyers are getting the shakedown from all fronts and that there should be a “buyer consortium”. Sadly, majority of average joe’s are so sadled with huge debts and are all distracted – scrambling away to pay off and get out of never-ending debt servitude.

[Nancy_s soothsayer]

Funny, I just finished my rant about the Realtor Machine in the “Carmel Valley Monitor” thread. I so agree with you that buyers are getting the shakedown from all fronts and that there should be a “buyer consortium”. Sadly, majority of average joe’s are so sadled with huge debts and are all distracted – scrambling away to pay off and get out of never-ending debt servitude.

[Nancy_s soothsayer]

Based on the reset chart, the ginormous tsunami will strike hard around October and November this year. That in itself is a good basis to time the market, Borat.

In the month of October 2007 alone, more than $50 billion out of the $2 Trillion in resetting ARMS within next 18 months will jolt people. If the LTCM implosion caused panic in Wall Street, a conservative 20% defaulting of that $50 billion will cause more panic, Borat. Please don’t find salvation from Uncle Sam (they botched Katrina, remember?).

[Nancy_s soothsayer]

Based on the reset chart, the ginormous tsunami will strike hard around October and November this year. That in itself is a good basis to time the market, Borat.

In the month of October 2007 alone, more than $50 billion out of the $2 Trillion in resetting ARMS within next 18 months will jolt people. If the LTCM implosion caused panic in Wall Street, a conservative 20% defaulting of that $50 billion will cause more panic, Borat. Please don’t find salvation from Uncle Sam (they botched Katrina, remember?).

[Nancy_s soothsayer]

“Even if salaries stay flat, a devalued dollar will help people make those payments after the reset occurs since it
is priced in pre-inflationary dollars.”

Borat, the tooth fairy will magically infuse the pockets of upside-down ARM debtors with lots of cash because their salaries can’t keep up with the alligators’ feeding.

Yes, voodoo economics, my friend – magic happens.

[Nancy_s soothsayer]

“Even if salaries stay flat, a devalued dollar will help people make those payments after the reset occurs since it
is priced in pre-inflationary dollars.”

Borat, the tooth fairy will magically infuse the pockets of upside-down ARM debtors with lots of cash because their salaries can’t keep up with the alligators’ feeding.

Yes, voodoo economics, my friend – magic happens.

[Nancy_s soothsayer]

Looking at the ARM-reset graph, I can see the bulk of neg-am loans are supposed to reset on the 33rd through 60th months. My guess is that they would reset way sooner because the denominator “value” in the loan-to-value ratio will become smaller in the following months which would trigger the early resets. If I remember correctly, the loan contracts for neg-am loans stipulate that the loan-to-value ratios are recalculated periodically. The value portion (the denominator) is a variable in the calculation that will deflate in future months. Hence, the bottom of market will be sooner than 2012.

[Nancy_s soothsayer]

Looking at the ARM-reset graph, I can see the bulk of neg-am loans are supposed to reset on the 33rd through 60th months. My guess is that they would reset way sooner because the denominator “value” in the loan-to-value ratio will become smaller in the following months which would trigger the early resets. If I remember correctly, the loan contracts for neg-am loans stipulate that the loan-to-value ratios are recalculated periodically. The value portion (the denominator) is a variable in the calculation that will deflate in future months. Hence, the bottom of market will be sooner than 2012.

[Nancy_s soothsayer]

Maybe because almost every day going forward the dollar is worth less and the yen is worth more when you buy something.

[Nancy_s soothsayer]

Maybe because almost every day going forward the dollar is worth less and the yen is worth more when you buy something.

[Nancy_s soothsayer]

Yes, yes… The Mensa-member slick grey suits with MBA’s and PHD’s employed at those pimp jobs at Moody’s, S&P, and Fitch must have been ginormously exuberant eternal optimists (which could be the main recruitment requirement for their pimp jobs.) Not a single one of them was a doom and gloomer -until a few days ago when it was made clear to them that real estate does not always go up, up to the blue-sky stratosphere.

[Nancy_s soothsayer]

Yes, yes… The Mensa-member slick grey suits with MBA’s and PHD’s employed at those pimp jobs at Moody’s, S&P, and Fitch must have been ginormously exuberant eternal optimists (which could be the main recruitment requirement for their pimp jobs.) Not a single one of them was a doom and gloomer -until a few days ago when it was made clear to them that real estate does not always go up, up to the blue-sky stratosphere.

[Nancy_s soothsayer]

Tsk, tsk, CMcG – do you sound like an FB in need of a GF? Could you just unload and sell that alligator now instead?

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