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peterb
ParticipantFunniest thing I’ve seen in a while.
ParticipantFunniest thing I’ve seen in a while.
ParticipantFunniest thing I’ve seen in a while.
ParticipantAnd so it goes. Nothing like being unemployed to “alter” your thinking about what’s fair and just. Especially when the govt is clearly deciding who gets thrown under the bus and who gets a free pass.
ParticipantAnd so it goes. Nothing like being unemployed to “alter” your thinking about what’s fair and just. Especially when the govt is clearly deciding who gets thrown under the bus and who gets a free pass.
ParticipantAnd so it goes. Nothing like being unemployed to “alter” your thinking about what’s fair and just. Especially when the govt is clearly deciding who gets thrown under the bus and who gets a free pass.
ParticipantAnd so it goes. Nothing like being unemployed to “alter” your thinking about what’s fair and just. Especially when the govt is clearly deciding who gets thrown under the bus and who gets a free pass.
ParticipantAnd so it goes. Nothing like being unemployed to “alter” your thinking about what’s fair and just. Especially when the govt is clearly deciding who gets thrown under the bus and who gets a free pass.
February 21, 2010 at 10:49 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #515983ParticipantLenders dont seem to want to recognize non-payment on mortgages. Why should they change this attitude if it only threatens their existance? FASB has been changed. It’s a new reality. It’s a win/win. Free rent and the lender stays in business. Just one more lie on the pile of financial fraud that will eventually collapse. It’s not “if”, it’s “when”. But “when” could last a while yet.
February 21, 2010 at 10:49 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #516127ParticipantLenders dont seem to want to recognize non-payment on mortgages. Why should they change this attitude if it only threatens their existance? FASB has been changed. It’s a new reality. It’s a win/win. Free rent and the lender stays in business. Just one more lie on the pile of financial fraud that will eventually collapse. It’s not “if”, it’s “when”. But “when” could last a while yet.
February 21, 2010 at 10:49 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #516555ParticipantLenders dont seem to want to recognize non-payment on mortgages. Why should they change this attitude if it only threatens their existance? FASB has been changed. It’s a new reality. It’s a win/win. Free rent and the lender stays in business. Just one more lie on the pile of financial fraud that will eventually collapse. It’s not “if”, it’s “when”. But “when” could last a while yet.
February 21, 2010 at 10:49 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #516647ParticipantLenders dont seem to want to recognize non-payment on mortgages. Why should they change this attitude if it only threatens their existance? FASB has been changed. It’s a new reality. It’s a win/win. Free rent and the lender stays in business. Just one more lie on the pile of financial fraud that will eventually collapse. It’s not “if”, it’s “when”. But “when” could last a while yet.
February 21, 2010 at 10:49 AM in reply to: About half of U.S. mortgages seen underwater by 2011 #516898ParticipantLenders dont seem to want to recognize non-payment on mortgages. Why should they change this attitude if it only threatens their existance? FASB has been changed. It’s a new reality. It’s a win/win. Free rent and the lender stays in business. Just one more lie on the pile of financial fraud that will eventually collapse. It’s not “if”, it’s “when”. But “when” could last a while yet.
ParticipantThe U-6 unemployment number has to be near 20% for CA. The stock market is no higher than in 2000, but in less valuable US$. There’s been no recovery.
We’ve essentially experienced our first lost decade since 2000. Commodities have been the best performers in this time period.I think it’s a fair estimate to say that for every 100 basis point rise in the mortgage rate, the loan amount drops by about 15%. The horizon doesnt seem to have too much good news for the RE market.
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