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no_such_reality
ParticipantLet them go!
They are right. If they don’t go, prices won’t go down as much. The reason simple, they’ll jump back in before it get’s back to fundamentals. Then hordes of people that waited instead of emigrating will jump back in and prices will rocket up again, then speculators will start watching reruns of “Flip That House” and the cycle will repeat.
Seriously though, California is not likely to see reasonable prices by national standards any time soon. The prices will be much lower than they are now, but for the price, you will still less than half of what you could get elsewhere, even adjusted for the difference in wages.
no_such_reality
ParticipantLet them go!
They are right. If they don’t go, prices won’t go down as much. The reason simple, they’ll jump back in before it get’s back to fundamentals. Then hordes of people that waited instead of emigrating will jump back in and prices will rocket up again, then speculators will start watching reruns of “Flip That House” and the cycle will repeat.
Seriously though, California is not likely to see reasonable prices by national standards any time soon. The prices will be much lower than they are now, but for the price, you will still less than half of what you could get elsewhere, even adjusted for the difference in wages.
no_such_reality
ParticipantLet them go!
They are right. If they don’t go, prices won’t go down as much. The reason simple, they’ll jump back in before it get’s back to fundamentals. Then hordes of people that waited instead of emigrating will jump back in and prices will rocket up again, then speculators will start watching reruns of “Flip That House” and the cycle will repeat.
Seriously though, California is not likely to see reasonable prices by national standards any time soon. The prices will be much lower than they are now, but for the price, you will still less than half of what you could get elsewhere, even adjusted for the difference in wages.
December 3, 2007 at 8:23 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108443no_such_reality
ParticipantBernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.
As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.
December 3, 2007 at 8:23 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108547no_such_reality
ParticipantBernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.
As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.
December 3, 2007 at 8:23 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108581no_such_reality
ParticipantBernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.
As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.
December 3, 2007 at 8:23 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108584no_such_reality
ParticipantBernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.
As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.
December 3, 2007 at 8:23 PM in reply to: I don’t think anyone expected this interest freeze bail out. #108600no_such_reality
ParticipantBernake believes the way to defeat deflation and prevent a repeat of the Great Depression or a Japanese 90s style stagnation is by devaluing the currency through rates cuts and stimulating demand and inflation.
As for an interest rate freeze, it is still all hot air. I’ll believe it when all the players sign dotted line, they have concrete criteria to judge by and the first lawsuit is filed.
no_such_reality
ParticipantThe last analyst I saw at a touch before 2PM talking with Bartiromo said they could save hopefully 1/3rd of the foreclosures.
She was the bullish one on the deal.
Now ask yourself if slowing the foreclosures by 1/3rd is going diddly in SoCal. It isn’t.
The analysts said the big problem they have is everybody that isn’t in jeopardy is calling wanting their rates frozen.
no_such_reality
ParticipantThe last analyst I saw at a touch before 2PM talking with Bartiromo said they could save hopefully 1/3rd of the foreclosures.
She was the bullish one on the deal.
Now ask yourself if slowing the foreclosures by 1/3rd is going diddly in SoCal. It isn’t.
The analysts said the big problem they have is everybody that isn’t in jeopardy is calling wanting their rates frozen.
no_such_reality
ParticipantThe last analyst I saw at a touch before 2PM talking with Bartiromo said they could save hopefully 1/3rd of the foreclosures.
She was the bullish one on the deal.
Now ask yourself if slowing the foreclosures by 1/3rd is going diddly in SoCal. It isn’t.
The analysts said the big problem they have is everybody that isn’t in jeopardy is calling wanting their rates frozen.
no_such_reality
ParticipantThe last analyst I saw at a touch before 2PM talking with Bartiromo said they could save hopefully 1/3rd of the foreclosures.
She was the bullish one on the deal.
Now ask yourself if slowing the foreclosures by 1/3rd is going diddly in SoCal. It isn’t.
The analysts said the big problem they have is everybody that isn’t in jeopardy is calling wanting their rates frozen.
no_such_reality
ParticipantThe last analyst I saw at a touch before 2PM talking with Bartiromo said they could save hopefully 1/3rd of the foreclosures.
She was the bullish one on the deal.
Now ask yourself if slowing the foreclosures by 1/3rd is going diddly in SoCal. It isn’t.
The analysts said the big problem they have is everybody that isn’t in jeopardy is calling wanting their rates frozen.
no_such_reality
ParticipantThe problem is written up in plain black and white in the 14th paragraph.
“the family of four depends solely on Michael’s salary to pay the bills: a $2,900 monthly mortgage payment, including taxes and homeowners association dues; a $40,000 school loan; credit card payments; a car loan and their living expenses. ”
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