[patientrenter]

I am not sure that differences between the Dems and the Reps on the bailouts are as big as the similarities. Both will bail out the banks for as much as is needed. It is true that Reps let one large bank (Lehman) go to the wall, and that count is really two when you count Bear Stearns being forced to sell itself to JPM. But both are determined to flood the economy with whatever it takes to reflate asset prices, and keep 90% of the banks afloat. Maybe it’s 99% for Dems (counted by size of assets), but that’s not much difference.

I am sure there are people on both sides who are convinced that only one party is right, but I think they are both wrong.

[patientrenter]

I am not sure that differences between the Dems and the Reps on the bailouts are as big as the similarities. Both will bail out the banks for as much as is needed. It is true that Reps let one large bank (Lehman) go to the wall, and that count is really two when you count Bear Stearns being forced to sell itself to JPM. But both are determined to flood the economy with whatever it takes to reflate asset prices, and keep 90% of the banks afloat. Maybe it’s 99% for Dems (counted by size of assets), but that’s not much difference.

I am sure there are people on both sides who are convinced that only one party is right, but I think they are both wrong.

[patientrenter]

I am not sure that differences between the Dems and the Reps on the bailouts are as big as the similarities. Both will bail out the banks for as much as is needed. It is true that Reps let one large bank (Lehman) go to the wall, and that count is really two when you count Bear Stearns being forced to sell itself to JPM. But both are determined to flood the economy with whatever it takes to reflate asset prices, and keep 90% of the banks afloat. Maybe it’s 99% for Dems (counted by size of assets), but that’s not much difference.

I am sure there are people on both sides who are convinced that only one party is right, but I think they are both wrong.

[patientrenter]

I am not sure that differences between the Dems and the Reps on the bailouts are as big as the similarities. Both will bail out the banks for as much as is needed. It is true that Reps let one large bank (Lehman) go to the wall, and that count is really two when you count Bear Stearns being forced to sell itself to JPM. But both are determined to flood the economy with whatever it takes to reflate asset prices, and keep 90% of the banks afloat. Maybe it’s 99% for Dems (counted by size of assets), but that’s not much difference.

I am sure there are people on both sides who are convinced that only one party is right, but I think they are both wrong.

[patientrenter]

[quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.

[patientrenter]

[quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.

[patientrenter]

[quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.

[patientrenter]

[quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.

[patientrenter]

[quote=fishsticks]….Any predictions how the SD housing market would respond to, say, 8% interest rates?[/quote]

That’s easy:

1. Houses would become a lot cheaper for savers (a very small group)

2. Houses would become slightly more expensive for borrowers (the majority of buyers)

C’mon, now gimme a hard question.

Oh, and before mortgage interest rates got close to 8%, the voters in San Diego would let their Congressman know that they didn’t want interest rates to be high, and, hey presto! they would be lowered again. It’s good to control the Federal Reserve.

[patientrenter]

[quote=Arraya] ….cheering for putting future generations in debt to save housing is fucking retarded. [/quote]

I am not cheering for putting future generations in debt, to save housing or otherwise. I want the govt to get out of the housing and lending markets altogether, from alpha to omega.

But I still enjoy TG’s comments, and wish him enjoyment of his home purchase. I will buy a home one day, and when I do I’ll want the people I converse with to be able to empathize with my new situation. I think the key in good conversations about subjects on which people disagree is to avoid personal demonization of the other people. Not everyone who disagrees with you has a low IQ or is evil.

[patientrenter]

[quote=Arraya] ….cheering for putting future generations in debt to save housing is fucking retarded. [/quote]

I am not cheering for putting future generations in debt, to save housing or otherwise. I want the govt to get out of the housing and lending markets altogether, from alpha to omega.

But I still enjoy TG’s comments, and wish him enjoyment of his home purchase. I will buy a home one day, and when I do I’ll want the people I converse with to be able to empathize with my new situation. I think the key in good conversations about subjects on which people disagree is to avoid personal demonization of the other people. Not everyone who disagrees with you has a low IQ or is evil.

[patientrenter]

[quote=Arraya] ….cheering for putting future generations in debt to save housing is fucking retarded. [/quote]

I am not cheering for putting future generations in debt, to save housing or otherwise. I want the govt to get out of the housing and lending markets altogether, from alpha to omega.

But I still enjoy TG’s comments, and wish him enjoyment of his home purchase. I will buy a home one day, and when I do I’ll want the people I converse with to be able to empathize with my new situation. I think the key in good conversations about subjects on which people disagree is to avoid personal demonization of the other people. Not everyone who disagrees with you has a low IQ or is evil.

[patientrenter]

[quote=Arraya] ….cheering for putting future generations in debt to save housing is fucking retarded. [/quote]

I am not cheering for putting future generations in debt, to save housing or otherwise. I want the govt to get out of the housing and lending markets altogether, from alpha to omega.

But I still enjoy TG’s comments, and wish him enjoyment of his home purchase. I will buy a home one day, and when I do I’ll want the people I converse with to be able to empathize with my new situation. I think the key in good conversations about subjects on which people disagree is to avoid personal demonization of the other people. Not everyone who disagrees with you has a low IQ or is evil.

[patientrenter]

[quote=Arraya] ….cheering for putting future generations in debt to save housing is fucking retarded. [/quote]

I am not cheering for putting future generations in debt, to save housing or otherwise. I want the govt to get out of the housing and lending markets altogether, from alpha to omega.

But I still enjoy TG’s comments, and wish him enjoyment of his home purchase. I will buy a home one day, and when I do I’ll want the people I converse with to be able to empathize with my new situation. I think the key in good conversations about subjects on which people disagree is to avoid personal demonization of the other people. Not everyone who disagrees with you has a low IQ or is evil.

[patientrenter]

I’ll chime in on Norris too. Like others have said, he is not perfect. He makes some of his living from selling his RE services and advice, so expect some marketing from him. But I listened carefully to a lot of his radio shows, and most of it is very good information packaged by a clearly intelligent person, with little of the buy-now-or-be-priced-out-forever twaddle that was common amongst people who made a living out of RE.

[Author]

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