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SD Realtor
ParticipantDowntown is gonna be hurting downtowner….You should see 250-275 a sf when it hits rock bottom.
SD Realtor
ParticipantDowntown is gonna be hurting downtowner….You should see 250-275 a sf when it hits rock bottom.
SD Realtor
ParticipantArrrrrggggg Kewp… Not sure man… depends on the employment picture and the 10 year… In both 1999 and 2001 the 10 year treasury hit lows of 5% and highs of around 6 plus change… I cannot tell the highs because it is hard for me to read on the long term chart. So note those numbers are very approximate. If we see a 10 year no higher then 5% that then yeah conceivably see 2001 prices. If we see a 10 year at 8-9%… well we may be down at 98-99 prices indeed.
BSD Realtor
ParticipantArrrrrggggg Kewp… Not sure man… depends on the employment picture and the 10 year… In both 1999 and 2001 the 10 year treasury hit lows of 5% and highs of around 6 plus change… I cannot tell the highs because it is hard for me to read on the long term chart. So note those numbers are very approximate. If we see a 10 year no higher then 5% that then yeah conceivably see 2001 prices. If we see a 10 year at 8-9%… well we may be down at 98-99 prices indeed.
BSD Realtor
ParticipantArrrrrggggg Kewp… Not sure man… depends on the employment picture and the 10 year… In both 1999 and 2001 the 10 year treasury hit lows of 5% and highs of around 6 plus change… I cannot tell the highs because it is hard for me to read on the long term chart. So note those numbers are very approximate. If we see a 10 year no higher then 5% that then yeah conceivably see 2001 prices. If we see a 10 year at 8-9%… well we may be down at 98-99 prices indeed.
BSD Realtor
ParticipantArrrrrggggg Kewp… Not sure man… depends on the employment picture and the 10 year… In both 1999 and 2001 the 10 year treasury hit lows of 5% and highs of around 6 plus change… I cannot tell the highs because it is hard for me to read on the long term chart. So note those numbers are very approximate. If we see a 10 year no higher then 5% that then yeah conceivably see 2001 prices. If we see a 10 year at 8-9%… well we may be down at 98-99 prices indeed.
BSD Realtor
ParticipantArrrrrggggg Kewp… Not sure man… depends on the employment picture and the 10 year… In both 1999 and 2001 the 10 year treasury hit lows of 5% and highs of around 6 plus change… I cannot tell the highs because it is hard for me to read on the long term chart. So note those numbers are very approximate. If we see a 10 year no higher then 5% that then yeah conceivably see 2001 prices. If we see a 10 year at 8-9%… well we may be down at 98-99 prices indeed.
BSD Realtor
ParticipantWell Deal Hunter –
I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.
That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.
I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.
In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.
My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?
Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.
SD Realtor
ParticipantWell Deal Hunter –
I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.
That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.
I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.
In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.
My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?
Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.
SD Realtor
ParticipantWell Deal Hunter –
I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.
That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.
I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.
In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.
My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?
Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.
SD Realtor
ParticipantWell Deal Hunter –
I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.
That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.
I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.
In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.
My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?
Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.
SD Realtor
ParticipantWell Deal Hunter –
I have to say we may both be highly cynical but boy oh boy do I see us taking a much different direction at least in the short term. Over the next year I see about a 180 degrees opposite what you stated.
That is, I see a democratic executive and legislative branch. I see tax increases as well as substantially higher spending on social/welfare programs. Indeed I do see the resurrection of depression era programs. I see our government basically underwriting a faltering secondary market in the guise of providing affordable housing as a social benefit when in reality you and I know it is simply to keep an anemic secondary market afloat in the hopes that someday it will be healthy enough to live on its own.
I think there will indeed be programs where the government will help strapped homeowners out by underwriting undermarket financing and basically sending out IOUs to lenders.
In fact I really believe there are no shortages of wild ideas and programs that will involve the FHA, all of the GSEs and even private industry. Once upon a time banks didn’t want to have anything to do with the government. Oh how times are going to change.
My last comment is that the BofA deal with Countrywide is a perfect example of what we will see. Do you honestly believe when BofA took on Countrywide that they didn’t have a plan for the government to bail them out?
Don’t get me wrong because I think in the long run, massive privatization with low taxes is the way out and it makes so much sense. However our country is going to have to get a good dose of Obama or Hillary before anything will happen. Whether it is 4 or 8 years is really the only question.
SD Realtor
ParticipantYes I agree they do have to raise the capital to buy them and I don’t know how they will get it. However not having a restriction is a first step wouldn’t you agree?
Not that it matters in the long run. Wouldn’t you say that if the secondary market locked up somehow, that our favorite federal government would step in? Don’t they already take junk debt as collateral at the discount window? I heard the ECB has already taken on 90B worth of it as well….
If you are as jaded as I am I think you would agree that nothing happens in one fell swoop. In the long run one can look back and see several steps that occurred and it all pieces together quite nicely. Down the road when things get worse there will be other more desperate measures that the government will need to resort to. Larger plans get implemented in piecemeal manners. To me this is one of them.
I guess we will see what happens yeah?
SD Realtor
ParticipantYes I agree they do have to raise the capital to buy them and I don’t know how they will get it. However not having a restriction is a first step wouldn’t you agree?
Not that it matters in the long run. Wouldn’t you say that if the secondary market locked up somehow, that our favorite federal government would step in? Don’t they already take junk debt as collateral at the discount window? I heard the ECB has already taken on 90B worth of it as well….
If you are as jaded as I am I think you would agree that nothing happens in one fell swoop. In the long run one can look back and see several steps that occurred and it all pieces together quite nicely. Down the road when things get worse there will be other more desperate measures that the government will need to resort to. Larger plans get implemented in piecemeal manners. To me this is one of them.
I guess we will see what happens yeah?
SD Realtor
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