[outtamojo]

Thanks, for your observation, that house must get a LOT of dust.

[outtamojo]

Thanks, for your observation, that house must get a LOT of dust.

[outtamojo]

Thanks, for your observation, that house must get a LOT of dust.

[outtamojo]

Thanks, for your observation, that house must get a LOT of dust.

[outtamojo]

Thanks, for your observation, that house must get a LOT of dust.

[outtamojo]

Yeah, I would love to find out the ACTUAL price they sold for, not the prices listed on a flyer. Here in Monterey County, a neighbor had his home listed for 740K on a flyer but the actual sold price was 630K (After trying to sell for 2 years).

[outtamojo]

Are those prices the actual price the sale was consumated at(including any incentives)? How did you obtain that info? Or are those prices just from the most recent flyer?

[outtamojo]

“It already rang”

Uh, I don’t recall Bernanke ringing a recession warning. All I hear from him is Goldilocks – PLEASE LINK TEXT IF I AM WRONG AND HE DID SAY WE ARE IN RECESSION. Paulson says things are fine, Cramer too. Larry “Greatest Story Never Told” Kudlow says we don’t know a good thing when we see it. Maria is only worried about being outted as a hedge fund stooge- recession is the last thing on her mind. If our illustrious leadership don’t say we are in recession and you do, who am I to believe? Are they all keeping secrets from me?

“You don’t understand the management fee.”

Uh, you sidestepped the question- you were touting access to hedge funds as if it were the greatest thing in the world
and my question was, are hedge funds a surefire way to make money other than for hedge fund operators.

[outtamojo]

The spiel was to tell everyone to just refi in a year or 2 after the house appreciated enough to have some equity – that’s what they told my sister in law.

Bailout alert http://www.bloomberg.com/apps/news?pid=20601170&refer=special_report&sid=asu8RitVhBIE

“Ohio, which had the highest foreclosure rate among the 50 U.S. states at the end of 2006, plans to issue $100 million in taxable municipal bonds next month to help homeowners refinance mortgages they can’t afford. ”

[outtamojo]

Now,now, spreading stuff like that around may shake the core beliefs of those who think the Fed is:
1. Competent
2. Acts in the best interests of the common man

http://piggington.com/ex_bank_of_england_gov_tells_the_truth

[outtamojo]

“Had that happened, conspiracy theorists would have accused the BoE of keeping interest rates too high so that rich old fogies could profit at the expense of the jobless working class.”

Not me.

[outtamojo]

” All they have to do is put money in assets that would not deflate during a recession and then transfer them back in when it bottoms.”

Yes, please ring a bell (on time preferably, unlike the last time) when recession starts and bottoms.

“The wealthy have access to hedge funds, particularly those that specialize in profiting from downturns and recessions (min deposit $100k or more)”

Are you saying that hedge funds are guranteed money after the usual 21+ percent management fee? Who needs ’em.Plenty of bear funds, precious metal funds, ETF’s, etc for turmoil in markets.

And yes the wealthy do ok in recession, but they do obscenely better when the world is flooded with money. Look at what’s happened- corporate profits, thru the roof. Executive compensation, likewise. Bonuses for Goldman ,16 Billion.Wages for the average Joe- stagnant.

[outtamojo]

ok, how about a bunch of old fogies getting together and setting policy so that their wealthy business friends don’t have to endure a recession and selling out the younger generation in order to do this?

“He said he was “very conscious” that stimulating consumer demand could give rise to problems in the future. “My legacy to the MPC, if you like, has been ‘sort that out’,” he said. Under Lord George’s governorship, rates were slashed from 6 per cent in 2001 to 3.5 per cent in 2003, pushing house price inflation above 25 per cent and high street spending growth to its highest since the late-Eighties boom.”

[outtamojo]

“I’ll bet 2,100 SqFt @ $550k would probably find a few buyers right now.”

I could go for that. I’m trying to convince my wife that 4S
is better than San Elijo- she like the views over there. The views are nice, but I’m afraid once they open the road to thru traffic San Elijo will be too congested.
Also, San Elijo is in San Marcos high territory and the API score there makes me hesitant. Any other points I could make with her?

[outtamojo]

“That is what some self-help gurus would call a “limiting belief”

Never been to a self-help guru but I do know that you can believe anything you want but believing and making it happen in the real world can sometimes be very difficult.

[Author]

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