[SHILOH]

This reinforces what I have thought about rating agencies..
and the supposed securities analysts…the new breed of them through the 90s to now…are not to be believed.
AAA BONDS now 50 cents on the dollar.

Thanks for that superb rating analysis!

And the homeowners….It was “fine” as a long as the value is going up..up..up..
Says a woman who says “why pay a $3200 mortgage payment on a 1200 SF house? IN STOCKTON?? She didn’t figure that out before?

These buyers were stupid to begin with…but now they are parroting the line….I didn’t know, realize…etc..they wised up real fast on how to pass the buck. But it does appear in Stockton…it’s epidemic.

Now they’re spinning it “Free Money”…uh…free means you don’t pay it back. A contract for repayment does not mean “free.”

Who knows…maybe the guv was paying people to buy homes.

[SHILOH]

This reinforces what I have thought about rating agencies..
and the supposed securities analysts…the new breed of them through the 90s to now…are not to be believed.
AAA BONDS now 50 cents on the dollar.

Thanks for that superb rating analysis!

And the homeowners….It was “fine” as a long as the value is going up..up..up..
Says a woman who says “why pay a $3200 mortgage payment on a 1200 SF house? IN STOCKTON?? She didn’t figure that out before?

These buyers were stupid to begin with…but now they are parroting the line….I didn’t know, realize…etc..they wised up real fast on how to pass the buck. But it does appear in Stockton…it’s epidemic.

Now they’re spinning it “Free Money”…uh…free means you don’t pay it back. A contract for repayment does not mean “free.”

Who knows…maybe the guv was paying people to buy homes.

[SHILOH]

This reinforces what I have thought about rating agencies..
and the supposed securities analysts…the new breed of them through the 90s to now…are not to be believed.
AAA BONDS now 50 cents on the dollar.

Thanks for that superb rating analysis!

And the homeowners….It was “fine” as a long as the value is going up..up..up..
Says a woman who says “why pay a $3200 mortgage payment on a 1200 SF house? IN STOCKTON?? She didn’t figure that out before?

These buyers were stupid to begin with…but now they are parroting the line….I didn’t know, realize…etc..they wised up real fast on how to pass the buck. But it does appear in Stockton…it’s epidemic.

Now they’re spinning it “Free Money”…uh…free means you don’t pay it back. A contract for repayment does not mean “free.”

Who knows…maybe the guv was paying people to buy homes.

[SHILOH]

This reinforces what I have thought about rating agencies..
and the supposed securities analysts…the new breed of them through the 90s to now…are not to be believed.
AAA BONDS now 50 cents on the dollar.

Thanks for that superb rating analysis!

And the homeowners….It was “fine” as a long as the value is going up..up..up..
Says a woman who says “why pay a $3200 mortgage payment on a 1200 SF house? IN STOCKTON?? She didn’t figure that out before?

These buyers were stupid to begin with…but now they are parroting the line….I didn’t know, realize…etc..they wised up real fast on how to pass the buck. But it does appear in Stockton…it’s epidemic.

Now they’re spinning it “Free Money”…uh…free means you don’t pay it back. A contract for repayment does not mean “free.”

Who knows…maybe the guv was paying people to buy homes.

[SHILOH]

This reinforces what I have thought about rating agencies..
and the supposed securities analysts…the new breed of them through the 90s to now…are not to be believed.
AAA BONDS now 50 cents on the dollar.

Thanks for that superb rating analysis!

And the homeowners….It was “fine” as a long as the value is going up..up..up..
Says a woman who says “why pay a $3200 mortgage payment on a 1200 SF house? IN STOCKTON?? She didn’t figure that out before?

These buyers were stupid to begin with…but now they are parroting the line….I didn’t know, realize…etc..they wised up real fast on how to pass the buck. But it does appear in Stockton…it’s epidemic.

Now they’re spinning it “Free Money”…uh…free means you don’t pay it back. A contract for repayment does not mean “free.”

Who knows…maybe the guv was paying people to buy homes.

[SHILOH]

will a lawyer please respond…isn’t it fraud?

[SHILOH]

will a lawyer please respond…isn’t it fraud?

[SHILOH]

will a lawyer please respond…isn’t it fraud?

[SHILOH]

will a lawyer please respond…isn’t it fraud?

[SHILOH]

will a lawyer please respond…isn’t it fraud?

[SHILOH]

WSJ article says prices must continue down…but I am not a subscriber so I couldn’t see the whole article..
But the point is shown in this graph:
[img_assist|nid=6342|title=Home_prices_v_rent|desc=|link=node|align=center|width=338|height=500]

Home Prices Must Fall Far To Be In Sync With Rents
By Greg Ip (WSJ)
Word Count: 417
U.S. house prices “likely would have to fall considerably” to return to a normal relationship with rents, says a study by one former and two current Federal Reserve economists.

The study, which doesn’t necessarily reflect the views of Fed policy makers, suggests prices would have to fall 15% over five years, assuming rents rose 4% a year. House prices would have to fall further if the adjustment took place more quickly.

The study tracks rents and home prices back to 1960 and found annual …

The above was linked to this How Far Must Housing Prices Fall
http://bigpicture.typepad.com/comments/2008/01/how-far-must-ho.html

[SHILOH]

WSJ article says prices must continue down…but I am not a subscriber so I couldn’t see the whole article..
But the point is shown in this graph:
[img_assist|nid=6342|title=Home_prices_v_rent|desc=|link=node|align=center|width=338|height=500]

Home Prices Must Fall Far To Be In Sync With Rents
By Greg Ip (WSJ)
Word Count: 417
U.S. house prices “likely would have to fall considerably” to return to a normal relationship with rents, says a study by one former and two current Federal Reserve economists.

The study, which doesn’t necessarily reflect the views of Fed policy makers, suggests prices would have to fall 15% over five years, assuming rents rose 4% a year. House prices would have to fall further if the adjustment took place more quickly.

The study tracks rents and home prices back to 1960 and found annual …

The above was linked to this How Far Must Housing Prices Fall
http://bigpicture.typepad.com/comments/2008/01/how-far-must-ho.html

[SHILOH]

WSJ article says prices must continue down…but I am not a subscriber so I couldn’t see the whole article..
But the point is shown in this graph:
[img_assist|nid=6342|title=Home_prices_v_rent|desc=|link=node|align=center|width=338|height=500]

Home Prices Must Fall Far To Be In Sync With Rents
By Greg Ip (WSJ)
Word Count: 417
U.S. house prices “likely would have to fall considerably” to return to a normal relationship with rents, says a study by one former and two current Federal Reserve economists.

The study, which doesn’t necessarily reflect the views of Fed policy makers, suggests prices would have to fall 15% over five years, assuming rents rose 4% a year. House prices would have to fall further if the adjustment took place more quickly.

The study tracks rents and home prices back to 1960 and found annual …

The above was linked to this How Far Must Housing Prices Fall
http://bigpicture.typepad.com/comments/2008/01/how-far-must-ho.html

[SHILOH]

WSJ article says prices must continue down…but I am not a subscriber so I couldn’t see the whole article..
But the point is shown in this graph:
[img_assist|nid=6342|title=Home_prices_v_rent|desc=|link=node|align=center|width=338|height=500]

Home Prices Must Fall Far To Be In Sync With Rents
By Greg Ip (WSJ)
Word Count: 417
U.S. house prices “likely would have to fall considerably” to return to a normal relationship with rents, says a study by one former and two current Federal Reserve economists.

The study, which doesn’t necessarily reflect the views of Fed policy makers, suggests prices would have to fall 15% over five years, assuming rents rose 4% a year. House prices would have to fall further if the adjustment took place more quickly.

The study tracks rents and home prices back to 1960 and found annual …

The above was linked to this How Far Must Housing Prices Fall
http://bigpicture.typepad.com/comments/2008/01/how-far-must-ho.html

[SHILOH]

WSJ article says prices must continue down…but I am not a subscriber so I couldn’t see the whole article..
But the point is shown in this graph:
[img_assist|nid=6342|title=Home_prices_v_rent|desc=|link=node|align=center|width=338|height=500]

Home Prices Must Fall Far To Be In Sync With Rents
By Greg Ip (WSJ)
Word Count: 417
U.S. house prices “likely would have to fall considerably” to return to a normal relationship with rents, says a study by one former and two current Federal Reserve economists.

The study, which doesn’t necessarily reflect the views of Fed policy makers, suggests prices would have to fall 15% over five years, assuming rents rose 4% a year. House prices would have to fall further if the adjustment took place more quickly.

The study tracks rents and home prices back to 1960 and found annual …

The above was linked to this How Far Must Housing Prices Fall
http://bigpicture.typepad.com/comments/2008/01/how-far-must-ho.html

[Author]

Posts