[patientrenter]

vrudny and sdrealtor, I’ll share a different experience and point of view with you and other readers.

I’ve never asked for a raise. Maybe I’m dumb, but my pay has increased an average of over 15% annually since I started working 19 years ago. Yes, maybe I could have bumped it up faster now and again by taking advantage of my bosses’ episodes of desperation, but if I did that I may just have been taking it away from future years’ increases.

As I and my old bosses have dispersed through the industry, now I know I can work in many cities, companies, or lines of work because these people all trust me not to screw them, and they would hire me, or help me get hired, in a heartbeat. I move in a relatively small professional world.

Just thought I’d give an alternative experience and point of view, in case other readers thought there was only one way to get rewarded. Depends on how big your work community is, how often you move, your personality….

Patient renter in OC

[patientrenter]

vrudny and sdrealtor, I’ll share a different experience and point of view with you and other readers.

I’ve never asked for a raise. Maybe I’m dumb, but my pay has increased an average of over 15% annually since I started working 19 years ago. Yes, maybe I could have bumped it up faster now and again by taking advantage of my bosses’ episodes of desperation, but if I did that I may just have been taking it away from future years’ increases.

As I and my old bosses have dispersed through the industry, now I know I can work in many cities, companies, or lines of work because these people all trust me not to screw them, and they would hire me, or help me get hired, in a heartbeat. I move in a relatively small professional world.

Just thought I’d give an alternative experience and point of view, in case other readers thought there was only one way to get rewarded. Depends on how big your work community is, how often you move, your personality….

Patient renter in OC

[patientrenter]

condogrrl, we guys are just… different from you

Patient renter in OC

[patientrenter]

condogrrl, we guys are just… different from you

Patient renter in OC

[patientrenter]

condogrrl, we guys are just… different from you

Patient renter in OC

[patientrenter]

one_muggle, earthquakes were part of the early 1990’s downturn – the Northridge quake contributed to the negative view of S. Ca. I have always hoped for a little contemporary quake to help in a new downtrend. Yes, most people will be turned off, but I and other people will treat it as a buying opportunity, after the total price decreases get big enough.

Patient renter in OC

[patientrenter]

one_muggle, earthquakes were part of the early 1990’s downturn – the Northridge quake contributed to the negative view of S. Ca. I have always hoped for a little contemporary quake to help in a new downtrend. Yes, most people will be turned off, but I and other people will treat it as a buying opportunity, after the total price decreases get big enough.

Patient renter in OC

[patientrenter]

one_muggle, earthquakes were part of the early 1990’s downturn – the Northridge quake contributed to the negative view of S. Ca. I have always hoped for a little contemporary quake to help in a new downtrend. Yes, most people will be turned off, but I and other people will treat it as a buying opportunity, after the total price decreases get big enough.

Patient renter in OC

[patientrenter]

kewp, the Fed’s purchase of the MBSs was subject to a repurchase agreement. On Monday, the banks have to buy the MBSs back from the Fed, at the same price plus a tiny amount of interest. “Repos”, or repurchase agreements, are a standard form of short-term loans in the investment world.

So there’s no bailout lurking in this action. Maybe later…

Patient renter in OC

[patientrenter]

kewp, the Fed’s purchase of the MBSs was subject to a repurchase agreement. On Monday, the banks have to buy the MBSs back from the Fed, at the same price plus a tiny amount of interest. “Repos”, or repurchase agreements, are a standard form of short-term loans in the investment world.

So there’s no bailout lurking in this action. Maybe later…

Patient renter in OC

[patientrenter]

kewp, the Fed’s purchase of the MBSs was subject to a repurchase agreement. On Monday, the banks have to buy the MBSs back from the Fed, at the same price plus a tiny amount of interest. “Repos”, or repurchase agreements, are a standard form of short-term loans in the investment world.

So there’s no bailout lurking in this action. Maybe later…

Patient renter in OC

[patientrenter]

Lenders not desperate? What’s making them fail to lower their prices quickly enough to keep up with the new foreclosures?

Let’s see:

1. Can’t keep up with flood of REOs. (Hard to believe. Companies can trigger spending of millions per day for professional help on 24 hour notice if a company acquisition is planned. But they can’t get 10 top people to plan and implement aggressive pricing actions on an avalanche of REOs that could bury them?)

2. Don’t want to be first to acknowledge the problem

3. Hoping (and negotiating?)for a bailout (from lower interest rates, FNMA/Freddie support, easing of accounting rules, SEC rules, underwriting rules, agreement with CCB for them to buy more MBSs…)

Does anyone here at one of the big lenders have a high-level insight they can share with us?

Patient renter in OC

[patientrenter]

Lenders not desperate? What’s making them fail to lower their prices quickly enough to keep up with the new foreclosures?

Let’s see:

1. Can’t keep up with flood of REOs. (Hard to believe. Companies can trigger spending of millions per day for professional help on 24 hour notice if a company acquisition is planned. But they can’t get 10 top people to plan and implement aggressive pricing actions on an avalanche of REOs that could bury them?)

2. Don’t want to be first to acknowledge the problem

3. Hoping (and negotiating?)for a bailout (from lower interest rates, FNMA/Freddie support, easing of accounting rules, SEC rules, underwriting rules, agreement with CCB for them to buy more MBSs…)

Does anyone here at one of the big lenders have a high-level insight they can share with us?

Patient renter in OC

[patientrenter]

Lenders not desperate? What’s making them fail to lower their prices quickly enough to keep up with the new foreclosures?

Let’s see:

1. Can’t keep up with flood of REOs. (Hard to believe. Companies can trigger spending of millions per day for professional help on 24 hour notice if a company acquisition is planned. But they can’t get 10 top people to plan and implement aggressive pricing actions on an avalanche of REOs that could bury them?)

2. Don’t want to be first to acknowledge the problem

3. Hoping (and negotiating?)for a bailout (from lower interest rates, FNMA/Freddie support, easing of accounting rules, SEC rules, underwriting rules, agreement with CCB for them to buy more MBSs…)

Does anyone here at one of the big lenders have a high-level insight they can share with us?

Patient renter in OC

[patientrenter]

For you, selling now is like going to a poker game with acquaintances you think you might beat. You figure you have a 75% chance of walking away with more money than you bring. So you bring $300. Maybe you’ll bring back $600, maybe $100. You’re not too worried.

Now multiply the numbers by $1000. Do you feel just as unworried, and as ready to play the hands and make the bets and enjoy the game?

You have to think about your own tolerance for risk.

Patient renter in OC

[Author]

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