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patientrenter
ParticipantThanks FormerSanDiegan, for chiming in with facts to replace impressions.
Patient renter in OC
ParticipantThanks FormerSanDiegan, for chiming in with facts to replace impressions.
Patient renter in OC
ParticipantThanks FormerSanDiegan, for chiming in with facts to replace impressions.
Patient renter in OC
ParticipantTheBreeze, I think a strong majority of voters is never, ever, too big a group to bail out. Only if a majority of Congressmen, all born with powerful political instincts finely honed over years of elections, all lose their political antennae at once, will that happen. Let’s see, nuclear war, asteroid impact… like I say, just not very likely.
Patient renter in OC
ParticipantTheBreeze, I think a strong majority of voters is never, ever, too big a group to bail out. Only if a majority of Congressmen, all born with powerful political instincts finely honed over years of elections, all lose their political antennae at once, will that happen. Let’s see, nuclear war, asteroid impact… like I say, just not very likely.
Patient renter in OC
ParticipantTheBreeze, I think a strong majority of voters is never, ever, too big a group to bail out. Only if a majority of Congressmen, all born with powerful political instincts finely honed over years of elections, all lose their political antennae at once, will that happen. Let’s see, nuclear war, asteroid impact… like I say, just not very likely.
Patient renter in OC
ParticipantTheBreeze, I think a strong majority of voters is never, ever, too big a group to bail out. Only if a majority of Congressmen, all born with powerful political instincts finely honed over years of elections, all lose their political antennae at once, will that happen. Let’s see, nuclear war, asteroid impact… like I say, just not very likely.
Patient renter in OC
ParticipantTheBreeze, I think a strong majority of voters is never, ever, too big a group to bail out. Only if a majority of Congressmen, all born with powerful political instincts finely honed over years of elections, all lose their political antennae at once, will that happen. Let’s see, nuclear war, asteroid impact… like I say, just not very likely.
Patient renter in OC
ParticipantGreenspan is indeed stating what’s obvious to Piggingtonians. But it’s not yet universally accepted wisdom. What’s significant is that he remains an important leader of established political/economic views, and he is now reversing his previously position downplaying the likelihood of bigger future price drops.
As an example, consider that Freddie Mac’s 25% drop in value this week was triggered by recalculating the value of their 3rd party MBSs, assuming a mere 5% decline in future home prices. Greenspan’s comment makes that 5% seem untenably optimistic, even when looking through the rose-tinted glasses used by the politicians and their regulators when they try to justify pretending that the problems are anything except excessive home prices.
Patient renter in OC
ParticipantGreenspan is indeed stating what’s obvious to Piggingtonians. But it’s not yet universally accepted wisdom. What’s significant is that he remains an important leader of established political/economic views, and he is now reversing his previously position downplaying the likelihood of bigger future price drops.
As an example, consider that Freddie Mac’s 25% drop in value this week was triggered by recalculating the value of their 3rd party MBSs, assuming a mere 5% decline in future home prices. Greenspan’s comment makes that 5% seem untenably optimistic, even when looking through the rose-tinted glasses used by the politicians and their regulators when they try to justify pretending that the problems are anything except excessive home prices.
Patient renter in OC
ParticipantGreenspan is indeed stating what’s obvious to Piggingtonians. But it’s not yet universally accepted wisdom. What’s significant is that he remains an important leader of established political/economic views, and he is now reversing his previously position downplaying the likelihood of bigger future price drops.
As an example, consider that Freddie Mac’s 25% drop in value this week was triggered by recalculating the value of their 3rd party MBSs, assuming a mere 5% decline in future home prices. Greenspan’s comment makes that 5% seem untenably optimistic, even when looking through the rose-tinted glasses used by the politicians and their regulators when they try to justify pretending that the problems are anything except excessive home prices.
Patient renter in OC
ParticipantGreenspan is indeed stating what’s obvious to Piggingtonians. But it’s not yet universally accepted wisdom. What’s significant is that he remains an important leader of established political/economic views, and he is now reversing his previously position downplaying the likelihood of bigger future price drops.
As an example, consider that Freddie Mac’s 25% drop in value this week was triggered by recalculating the value of their 3rd party MBSs, assuming a mere 5% decline in future home prices. Greenspan’s comment makes that 5% seem untenably optimistic, even when looking through the rose-tinted glasses used by the politicians and their regulators when they try to justify pretending that the problems are anything except excessive home prices.
Patient renter in OC
ParticipantGreenspan is indeed stating what’s obvious to Piggingtonians. But it’s not yet universally accepted wisdom. What’s significant is that he remains an important leader of established political/economic views, and he is now reversing his previously position downplaying the likelihood of bigger future price drops.
As an example, consider that Freddie Mac’s 25% drop in value this week was triggered by recalculating the value of their 3rd party MBSs, assuming a mere 5% decline in future home prices. Greenspan’s comment makes that 5% seem untenably optimistic, even when looking through the rose-tinted glasses used by the politicians and their regulators when they try to justify pretending that the problems are anything except excessive home prices.
Patient renter in OC
ParticipantKevin, this seems a fun but very academic topic.
I think everyone assumes that the GSEs really are “too big to fail”. The public discussion of the silent but assumed federal government guarantee of their debts (and support for their role in propping up home prices) is widespread and never denied by Congress. What are the odds that a majority in Congress will vote to pull the plug on the GSEs? A majority of voters want home prices to stay as high as possible, so I’d say it’s as close to zilch as you can get in politics.
Patient renter in OC
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