[patientrenter]

Luckily 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]

Luckily 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]

Luckily 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]

Luckily 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]

Thanks, 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

[patientrenter]

Thanks, 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

[patientrenter]

Thanks, 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

[patientrenter]

Thanks, 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

[patientrenter]

Thanks, 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

[patientrenter]

GD, 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]

GD, 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]

GD, 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]

GD, 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]

GD, 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]

davelj, 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

[Author]

Posts