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patientrenter
ParticipantLuckily for the realtors, they have Chris Dodd to make sure the money guaranteed by the US taxpayer continues to flow unabated into homeowners’ pockets.
Patient renter in OC
patientrenter
ParticipantLuckily for the realtors, they have Chris Dodd to make sure the money guaranteed by the US taxpayer continues to flow unabated into homeowners’ pockets.
Patient renter in OC
patientrenter
ParticipantLuckily for the realtors, they have Chris Dodd to make sure the money guaranteed by the US taxpayer continues to flow unabated into homeowners’ pockets.
Patient renter in OC
May 2, 2008 at 1:15 AM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197621patientrenter
ParticipantThanks, GD. I read the Gillian Tett piece (“MBS pricing for dummies”?) Gillian’s comment was that the house price drops consistent with 30% losses on the AAA tranches of MBS are unlikely. But if the AAA tranches are 75% of the total MBS, then a 45% drop in prices would do it. For MBS’s issued at the peak of the bubble, the underlying home prices may well average 80% more than their long-term trend values. It’s only unthinkable if you ignore the possibilities implied by Shiller’s long-term inflation-adjusted home price charts.
Patient renter in OC
May 2, 2008 at 1:15 AM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197658patientrenter
ParticipantThanks, GD. I read the Gillian Tett piece (“MBS pricing for dummies”?) Gillian’s comment was that the house price drops consistent with 30% losses on the AAA tranches of MBS are unlikely. But if the AAA tranches are 75% of the total MBS, then a 45% drop in prices would do it. For MBS’s issued at the peak of the bubble, the underlying home prices may well average 80% more than their long-term trend values. It’s only unthinkable if you ignore the possibilities implied by Shiller’s long-term inflation-adjusted home price charts.
Patient renter in OC
May 2, 2008 at 1:15 AM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197684patientrenter
ParticipantThanks, GD. I read the Gillian Tett piece (“MBS pricing for dummies”?) Gillian’s comment was that the house price drops consistent with 30% losses on the AAA tranches of MBS are unlikely. But if the AAA tranches are 75% of the total MBS, then a 45% drop in prices would do it. For MBS’s issued at the peak of the bubble, the underlying home prices may well average 80% more than their long-term trend values. It’s only unthinkable if you ignore the possibilities implied by Shiller’s long-term inflation-adjusted home price charts.
Patient renter in OC
May 2, 2008 at 1:15 AM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197707patientrenter
ParticipantThanks, GD. I read the Gillian Tett piece (“MBS pricing for dummies”?) Gillian’s comment was that the house price drops consistent with 30% losses on the AAA tranches of MBS are unlikely. But if the AAA tranches are 75% of the total MBS, then a 45% drop in prices would do it. For MBS’s issued at the peak of the bubble, the underlying home prices may well average 80% more than their long-term trend values. It’s only unthinkable if you ignore the possibilities implied by Shiller’s long-term inflation-adjusted home price charts.
Patient renter in OC
May 2, 2008 at 1:15 AM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197745patientrenter
ParticipantThanks, GD. I read the Gillian Tett piece (“MBS pricing for dummies”?) Gillian’s comment was that the house price drops consistent with 30% losses on the AAA tranches of MBS are unlikely. But if the AAA tranches are 75% of the total MBS, then a 45% drop in prices would do it. For MBS’s issued at the peak of the bubble, the underlying home prices may well average 80% more than their long-term trend values. It’s only unthinkable if you ignore the possibilities implied by Shiller’s long-term inflation-adjusted home price charts.
Patient renter in OC
April 30, 2008 at 11:13 PM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197041patientrenter
ParticipantGD, the old lady of Threadneedle street desperately hopes that the real estate market doesn’t crater down to a level consistent with real market prices for mortgage-backed securities. “Desperately hopes” isn’t the same as “reckons”.
For us short-attention span Americans, can you just summarize the reasons given by the BoE why real estate will not go down a lot more?
Patient renter in OC
April 30, 2008 at 11:13 PM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197074patientrenter
ParticipantGD, the old lady of Threadneedle street desperately hopes that the real estate market doesn’t crater down to a level consistent with real market prices for mortgage-backed securities. “Desperately hopes” isn’t the same as “reckons”.
For us short-attention span Americans, can you just summarize the reasons given by the BoE why real estate will not go down a lot more?
Patient renter in OC
April 30, 2008 at 11:13 PM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197097patientrenter
ParticipantGD, the old lady of Threadneedle street desperately hopes that the real estate market doesn’t crater down to a level consistent with real market prices for mortgage-backed securities. “Desperately hopes” isn’t the same as “reckons”.
For us short-attention span Americans, can you just summarize the reasons given by the BoE why real estate will not go down a lot more?
Patient renter in OC
April 30, 2008 at 11:13 PM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197122patientrenter
ParticipantGD, the old lady of Threadneedle street desperately hopes that the real estate market doesn’t crater down to a level consistent with real market prices for mortgage-backed securities. “Desperately hopes” isn’t the same as “reckons”.
For us short-attention span Americans, can you just summarize the reasons given by the BoE why real estate will not go down a lot more?
Patient renter in OC
April 30, 2008 at 11:13 PM in reply to: Bank of England Lays Down the Analytical Gauntlet on US Sub-prime Losses #197159patientrenter
ParticipantGD, the old lady of Threadneedle street desperately hopes that the real estate market doesn’t crater down to a level consistent with real market prices for mortgage-backed securities. “Desperately hopes” isn’t the same as “reckons”.
For us short-attention span Americans, can you just summarize the reasons given by the BoE why real estate will not go down a lot more?
Patient renter in OC
patientrenter
Participantdavelj, I have been investing for the last few years in mostly very small stocks, finding that the smallest are amongst the best. I am focused on 4%+ dividends, and like conservative banks. amongst many other types of company.
I am curious about your investment partnership. Would you be interested in sending me some info? I am an accredited investor.
Thanks,
Patient renter in OC -
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