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peterb
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$. There’s been no recovery.
We’ve essentially experienced our first lost decade since 2000. Commodities have been the best performers in this time period.I think it’s a fair estimate to say that for every 100 basis point rise in the mortgage rate, the loan amount drops by about 15%. The horizon doesnt seem to have too much good news for the RE market.
peterb
ParticipantThe U-6 unemployment number has to be near 20% for CA. The stock market is no higher than in 2000, but in less valuable US$. 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.
peterb
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.
peterb
ParticipantIf you consider the U-6 level for unemployment in CA to be somewhere in the area of 20%. Then we’re in a range that’s new ground. This will probably mean higher density in rentals, people leaving the area and homes remaining empty after ejecting the occupants. All in all, probably not putting upward pressure on the price of housing in general.
peterb
ParticipantIf you consider the U-6 level for unemployment in CA to be somewhere in the area of 20%. Then we’re in a range that’s new ground. This will probably mean higher density in rentals, people leaving the area and homes remaining empty after ejecting the occupants. All in all, probably not putting upward pressure on the price of housing in general.
peterb
ParticipantIf you consider the U-6 level for unemployment in CA to be somewhere in the area of 20%. Then we’re in a range that’s new ground. This will probably mean higher density in rentals, people leaving the area and homes remaining empty after ejecting the occupants. All in all, probably not putting upward pressure on the price of housing in general.
peterb
ParticipantIf you consider the U-6 level for unemployment in CA to be somewhere in the area of 20%. Then we’re in a range that’s new ground. This will probably mean higher density in rentals, people leaving the area and homes remaining empty after ejecting the occupants. All in all, probably not putting upward pressure on the price of housing in general.
peterb
ParticipantIf you consider the U-6 level for unemployment in CA to be somewhere in the area of 20%. Then we’re in a range that’s new ground. This will probably mean higher density in rentals, people leaving the area and homes remaining empty after ejecting the occupants. All in all, probably not putting upward pressure on the price of housing in general.
peterb
ParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
peterb
ParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
peterb
ParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
peterb
ParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
peterb
ParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
peterb
ParticipantIf the FDIC is really funding this arrangement, how will they pay for it? Member bank premiums?
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