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We all know people who are exposed in RE. I don’t want them to suffer, even though I see it coming. When you are in a roller coaster at the top of the big drop, you know you are perfectly safe but you are scared all the same. I’m really good at keeping my hands up. 🙂

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We all know people who are exposed in RE. I don’t want them to suffer, even though I see it coming. When you are in a roller coaster at the top of the big drop, you know you are perfectly safe but you are scared all the same. I’m really good at keeping my hands up. 🙂

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Strict rules, jg? lol! You are only being asked to keep to the topic. Can’t you do that?

Everyone slips once in a while, but when things become pervasive, reminding people to follow the rules is not amiss.

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Strict rules, jg? lol! You are only being asked to keep to the topic. Can’t you do that?

Everyone slips once in a while, but when things become pervasive, reminding people to follow the rules is not amiss.

[PD]

jg, have you ever been a movie theater where a group of teenagers would not stop talking? I once asked a group of teenagers to be quiet in a movie theater. They responded by throwing spit-balls at me throughout the movie. Why are you acting like a teenager?

It was perfectly reasonable to ask that politics and religion stay in marked off-topic threads.

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jg, have you ever been a movie theater where a group of teenagers would not stop talking? I once asked a group of teenagers to be quiet in a movie theater. They responded by throwing spit-balls at me throughout the movie. Why are you acting like a teenager?

It was perfectly reasonable to ask that politics and religion stay in marked off-topic threads.

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Thanks, Rich!

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Thanks, Rich!

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Interest rates went down during the last crash and it did no good, yet people keep trotting this out as the magic elixir. Japan lowered rates to nearly zero and it did very little to revive their sick housing market.

It has been obvious for many years that we were about to enter a down cycle. I have been surprised however, by a couple of events that will make it even worse, IMO. First, there is the massive amount mortgage fraud taking place like the Murrietta scam. It has happened all over.

The second is the craziness we are seeing with the hedge funds, etc. It is clear that the appetite for investments in mortgages created a frenzy of bad loans, the likes of which we have never seen before. http://www.startribune.com/462/story/1236301.html

Although many things are the same, this bust will be different than the last one. Like last time, affordability is too high and must revert to closer to the mean. But many things are different. This bust is happening in a bottom up fashion. Instead of water pouring in from the top, it is seeping up from the bottom. The market will drown regardless of which direction the water comes from.

It is going to be worse this time.

[PD]

Interest rates went down during the last crash and it did no good, yet people keep trotting this out as the magic elixir. Japan lowered rates to nearly zero and it did very little to revive their sick housing market.

It has been obvious for many years that we were about to enter a down cycle. I have been surprised however, by a couple of events that will make it even worse, IMO. First, there is the massive amount mortgage fraud taking place like the Murrietta scam. It has happened all over.

The second is the craziness we are seeing with the hedge funds, etc. It is clear that the appetite for investments in mortgages created a frenzy of bad loans, the likes of which we have never seen before. http://www.startribune.com/462/story/1236301.html

Although many things are the same, this bust will be different than the last one. Like last time, affordability is too high and must revert to closer to the mean. But many things are different. This bust is happening in a bottom up fashion. Instead of water pouring in from the top, it is seeping up from the bottom. The market will drown regardless of which direction the water comes from.

It is going to be worse this time.

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Wow

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Wow

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I’m with radelow and FSD. To say this is the fault of republicans is so silly.
Yeah, it is all those crazy Republicans who are flipping in Compton… And how about the people involved in that Murrietta scam, do you suppose all those nurses are Republican?

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I’m with radelow and FSD. To say this is the fault of republicans is so silly.
Yeah, it is all those crazy Republicans who are flipping in Compton… And how about the people involved in that Murrietta scam, do you suppose all those nurses are Republican?

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So jg, Perry and lostkitty think all this religion and politics talk is wonderful. Big surprise, they are the worst offenders.

I still think that this off-topic talk is driving away interest and RE postings on this blog. I do not think the fall in posting volume has been caused by a lack of movement or information in RE or the economy. There has been a lot happening there. Inventory is up, pendings are down, NODs and NOTs are going up, credit is tightening, big stuff is happening with hedge funds (Bear Sterns), etc, etc. I really think that most people don’t want to hear all this blathering about religion and politics.

If you really must incessantly beat your drum, could you please refrain from hi-jacking RE threads where the unsuspecting person gets cold-cocked while innocently reading?

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