[patientrenter]

If you can get Rex and Co to pay you $200K for some future gains on your property, go for it. It may be a good deal for you.

The people behind Rex and Co may be very smart, just as Mr Mozilo was. I doubt that $200K they’re promising you is coming from them. Are the investors putting up that $200K very smart? Haha! Were the investors putting up $2 trillion in the last few years to lend against buying homes all over California and Florida and Nevada smart? Just because you can get someone to pay you $200k for future home appreciation doesn’t mean it’s worth that much. It may just mean there are a few dumb investors left, falling for the next bait.

Patient renter in OC

[patientrenter]

If you can get Rex and Co to pay you $200K for some future gains on your property, go for it. It may be a good deal for you.

The people behind Rex and Co may be very smart, just as Mr Mozilo was. I doubt that $200K they’re promising you is coming from them. Are the investors putting up that $200K very smart? Haha! Were the investors putting up $2 trillion in the last few years to lend against buying homes all over California and Florida and Nevada smart? Just because you can get someone to pay you $200k for future home appreciation doesn’t mean it’s worth that much. It may just mean there are a few dumb investors left, falling for the next bait.

Patient renter in OC

[patientrenter]

If you can get Rex and Co to pay you $200K for some future gains on your property, go for it. It may be a good deal for you.

The people behind Rex and Co may be very smart, just as Mr Mozilo was. I doubt that $200K they’re promising you is coming from them. Are the investors putting up that $200K very smart? Haha! Were the investors putting up $2 trillion in the last few years to lend against buying homes all over California and Florida and Nevada smart? Just because you can get someone to pay you $200k for future home appreciation doesn’t mean it’s worth that much. It may just mean there are a few dumb investors left, falling for the next bait.

Patient renter in OC

[patientrenter]

If you can get Rex and Co to pay you $200K for some future gains on your property, go for it. It may be a good deal for you.

The people behind Rex and Co may be very smart, just as Mr Mozilo was. I doubt that $200K they’re promising you is coming from them. Are the investors putting up that $200K very smart? Haha! Were the investors putting up $2 trillion in the last few years to lend against buying homes all over California and Florida and Nevada smart? Just because you can get someone to pay you $200k for future home appreciation doesn’t mean it’s worth that much. It may just mean there are a few dumb investors left, falling for the next bait.

Patient renter in OC

[patientrenter]

HLS, I wouldn’t get too worried about mortgage money drying up. If Fannie/Freddie start to dry up, then the govt will buy some loans off them at a higher value than they could get in the open market, so they can keep lending.

Patient renter in OC

[patientrenter]

HLS, I wouldn’t get too worried about mortgage money drying up. If Fannie/Freddie start to dry up, then the govt will buy some loans off them at a higher value than they could get in the open market, so they can keep lending.

Patient renter in OC

[patientrenter]

HLS, I wouldn’t get too worried about mortgage money drying up. If Fannie/Freddie start to dry up, then the govt will buy some loans off them at a higher value than they could get in the open market, so they can keep lending.

Patient renter in OC

[patientrenter]

HLS, I wouldn’t get too worried about mortgage money drying up. If Fannie/Freddie start to dry up, then the govt will buy some loans off them at a higher value than they could get in the open market, so they can keep lending.

Patient renter in OC

[patientrenter]

HLS, I wouldn’t get too worried about mortgage money drying up. If Fannie/Freddie start to dry up, then the govt will buy some loans off them at a higher value than they could get in the open market, so they can keep lending.

Patient renter in OC

[patientrenter]

SDR, I think that the amount of wealth transfer to existing homeowners (through forgiven debt) will be close to that $1 trillion amount we’ve seen bandied about, but the pain will be split between taxpayers (=govt) and bond investors. Bond investors will be made to pay their part with some defaults, but mostly higher future inflation. Non-homeowning taxpayers who save are going to get…. a really bad deal.

I feel like it’s 1968 all over again, before everyone realized fully how much Johnson’s war and Great Society cost, and what that would do. The 1970’s were a lousy time to be responsible.

Patient renter in OC

[patientrenter]

SDR, I think that the amount of wealth transfer to existing homeowners (through forgiven debt) will be close to that $1 trillion amount we’ve seen bandied about, but the pain will be split between taxpayers (=govt) and bond investors. Bond investors will be made to pay their part with some defaults, but mostly higher future inflation. Non-homeowning taxpayers who save are going to get…. a really bad deal.

I feel like it’s 1968 all over again, before everyone realized fully how much Johnson’s war and Great Society cost, and what that would do. The 1970’s were a lousy time to be responsible.

Patient renter in OC

[patientrenter]

SDR, I think that the amount of wealth transfer to existing homeowners (through forgiven debt) will be close to that $1 trillion amount we’ve seen bandied about, but the pain will be split between taxpayers (=govt) and bond investors. Bond investors will be made to pay their part with some defaults, but mostly higher future inflation. Non-homeowning taxpayers who save are going to get…. a really bad deal.

I feel like it’s 1968 all over again, before everyone realized fully how much Johnson’s war and Great Society cost, and what that would do. The 1970’s were a lousy time to be responsible.

Patient renter in OC

[patientrenter]

SDR, I think that the amount of wealth transfer to existing homeowners (through forgiven debt) will be close to that $1 trillion amount we’ve seen bandied about, but the pain will be split between taxpayers (=govt) and bond investors. Bond investors will be made to pay their part with some defaults, but mostly higher future inflation. Non-homeowning taxpayers who save are going to get…. a really bad deal.

I feel like it’s 1968 all over again, before everyone realized fully how much Johnson’s war and Great Society cost, and what that would do. The 1970’s were a lousy time to be responsible.

Patient renter in OC

[patientrenter]

SDR, I think that the amount of wealth transfer to existing homeowners (through forgiven debt) will be close to that $1 trillion amount we’ve seen bandied about, but the pain will be split between taxpayers (=govt) and bond investors. Bond investors will be made to pay their part with some defaults, but mostly higher future inflation. Non-homeowning taxpayers who save are going to get…. a really bad deal.

I feel like it’s 1968 all over again, before everyone realized fully how much Johnson’s war and Great Society cost, and what that would do. The 1970’s were a lousy time to be responsible.

Patient renter in OC

[patientrenter]

Well, I don’t want to go to jail either, but I would be very happy if:

(a) borrowers who can afford to pay off some negative equity that is subject to a recourse loan, but trying to avoid it, were exposed as the untrustworthy cheats of their creditors that they are, and

(b) lenders who are not even making a good-faith effort to recover on recourse loans, and who are planning to participate in a later bailout, were also exposed as the untrustworthy cheats of the taxpayers that they are.

It wouldn’t surprise me if, whatever legal grounds the executive is now claiming, the real reason he is trying to silence ocrenter is because his unnecessary failure to pay his debts has been exposed to all.

Patient renter in OC

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