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July 23, 2009 at 10:27 AM in reply to: Intentional defaulting, not subprime mortgage is the problem #435887July 23, 2009 at 10:27 AM in reply to: Intentional defaulting, not subprime mortgage is the problem #436207
sdduuuude
ParticipantIt’s not the problem.
It’s the solution, really.July 23, 2009 at 10:27 AM in reply to: Intentional defaulting, not subprime mortgage is the problem #436279sdduuuude
ParticipantIt’s not the problem.
It’s the solution, really.July 23, 2009 at 10:27 AM in reply to: Intentional defaulting, not subprime mortgage is the problem #436449sdduuuude
ParticipantIt’s not the problem.
It’s the solution, really.sdduuuude
ParticipantThe airbag will trigger when the sensor measures a decelleration over a specified amount. When the crumple zone crumples, it has two effects. 1) It dissapates alot of energy and dramatically reduces the decelleration encountered by the passenger, thus making it less likely that the airbag was needed 2) It makes the car look like it was hit by a train.
I’d have to guess this is a case where the crumple zone makes the accident look worse than it was, especially if nobody was hurt.
sdduuuude
ParticipantThe airbag will trigger when the sensor measures a decelleration over a specified amount. When the crumple zone crumples, it has two effects. 1) It dissapates alot of energy and dramatically reduces the decelleration encountered by the passenger, thus making it less likely that the airbag was needed 2) It makes the car look like it was hit by a train.
I’d have to guess this is a case where the crumple zone makes the accident look worse than it was, especially if nobody was hurt.
sdduuuude
ParticipantThe airbag will trigger when the sensor measures a decelleration over a specified amount. When the crumple zone crumples, it has two effects. 1) It dissapates alot of energy and dramatically reduces the decelleration encountered by the passenger, thus making it less likely that the airbag was needed 2) It makes the car look like it was hit by a train.
I’d have to guess this is a case where the crumple zone makes the accident look worse than it was, especially if nobody was hurt.
sdduuuude
ParticipantThe airbag will trigger when the sensor measures a decelleration over a specified amount. When the crumple zone crumples, it has two effects. 1) It dissapates alot of energy and dramatically reduces the decelleration encountered by the passenger, thus making it less likely that the airbag was needed 2) It makes the car look like it was hit by a train.
I’d have to guess this is a case where the crumple zone makes the accident look worse than it was, especially if nobody was hurt.
sdduuuude
ParticipantThe airbag will trigger when the sensor measures a decelleration over a specified amount. When the crumple zone crumples, it has two effects. 1) It dissapates alot of energy and dramatically reduces the decelleration encountered by the passenger, thus making it less likely that the airbag was needed 2) It makes the car look like it was hit by a train.
I’d have to guess this is a case where the crumple zone makes the accident look worse than it was, especially if nobody was hurt.
sdduuuude
ParticipantSeems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).
I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.
Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.
Plus – until housing data stops coming out every month, there is something to see here.
I could live w/o the political blah, blah – but that subsided shortly after the election.
sdduuuude
ParticipantSeems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).
I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.
Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.
Plus – until housing data stops coming out every month, there is something to see here.
I could live w/o the political blah, blah – but that subsided shortly after the election.
sdduuuude
ParticipantSeems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).
I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.
Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.
Plus – until housing data stops coming out every month, there is something to see here.
I could live w/o the political blah, blah – but that subsided shortly after the election.
sdduuuude
ParticipantSeems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).
I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.
Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.
Plus – until housing data stops coming out every month, there is something to see here.
I could live w/o the political blah, blah – but that subsided shortly after the election.
sdduuuude
ParticipantSeems Pigginton is most useful when the first derivative (slope) of housing prices changes sign (from pos to neg or back).
I’m looking forward to Rich and the Piggs (band name ?) calling the bottom correctly.
Meantime I get great car advice, lots of food ideas, wine suggestions, interesting listings to view, opinions on neighborhoods, bad MLS photos, and I keep in touch with SD Real Estate market so when I’m looking to buy my move-up house, I’m an educated buyer.
Plus – until housing data stops coming out every month, there is something to see here.
I could live w/o the political blah, blah – but that subsided shortly after the election.
sdduuuude
ParticipantJust thinking out loud here.
Seems to me that they would eventually have to end such a program, and when they end the program, housing prices would just revert back to where they were.
So, lets say today the market value of a home (without the tax break) is $200K. The gov gives a $15K tax break, meaning people would be willing to spend more than $200K on that house – because they aren’t really paying $200K. Lets say market forces bring about a situation where buyer and seller split the 15K so the house is purchased for $207,500. The buyer spends $192,500.
Lets say a few years pass, and the house value doesn’t change. Expected purchase price is still $207K.
Then, the govt nukes the $15K tax benefit. Without the tax benefit, the expected sales price of the house would go back to 200K. The net effect on housing prices is 0.
If the government reduces spending in other places to make up for the $15,000 loss in revenue, I’d be all for it as it would effectively be a tax reduction. I doubt that will happen.
Really, the govt is keeping gov. spending the same, borrowing the money they didn’t get from the buyers, and paying interest on it all for the purpose of keeping housing prices up for as long as the program is in place.
A truly unsustainable program.
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