[SHILOH]

I happend on Bill Moyer’s “Buying the War,” on PBS this weekend. It’s not a new doc but I hadn’t see it before. It showed, combined with other NYT editorial debacles that have happened in recent years, the NYT doesn’t deserve it’s credibility status. The other paper made to look sloppy was the Washington Post.

[SHILOH]

I happend on Bill Moyer’s “Buying the War,” on PBS this weekend. It’s not a new doc but I hadn’t see it before. It showed, combined with other NYT editorial debacles that have happened in recent years, the NYT doesn’t deserve it’s credibility status. The other paper made to look sloppy was the Washington Post.

[SHILOH]

I happend on Bill Moyer’s “Buying the War,” on PBS this weekend. It’s not a new doc but I hadn’t see it before. It showed, combined with other NYT editorial debacles that have happened in recent years, the NYT doesn’t deserve it’s credibility status. The other paper made to look sloppy was the Washington Post.

[SHILOH]

Are the property taxes recalculated on the sale price?

[SHILOH]

Are the property taxes recalculated on the sale price?

[SHILOH]

Are the property taxes recalculated on the sale price?

[SHILOH]

I agree that the “world” at least the mortgage banking part is different…all funded by paper money at losses to investors, including foreign governments. That money is lost and that kind of funding is going to dry up. The jobs that orbited around that money are evaporating. Home price trend right now are not correcting up…they are in decline.

[SHILOH]

I agree that the “world” at least the mortgage banking part is different…all funded by paper money at losses to investors, including foreign governments. That money is lost and that kind of funding is going to dry up. The jobs that orbited around that money are evaporating. Home price trend right now are not correcting up…they are in decline.

[SHILOH]

I agree that the “world” at least the mortgage banking part is different…all funded by paper money at losses to investors, including foreign governments. That money is lost and that kind of funding is going to dry up. The jobs that orbited around that money are evaporating. Home price trend right now are not correcting up…they are in decline.

[SHILOH]

This topic has been discussed a lot but it would be helpful if some of the more savvy posters could reiterate how the trend could develop- based on what has happened over the past two months of summer.
From the ARM reset graph I looked at:
http://www.bubbleinfo.com/statistics-2007/2007/3/15/arm-reset-schedule.html

I think 40% off current prices by 2010. One poster said the auction bids were at 67% of previous purchase price.
If prices return to the “norm” than I guess a formula is possible, 50% off from peak plus 4% annually to 2010, in most average markets. Not high end markets like Coronado, where they really aren’t making land anymore.

There is no way of knowing how much $ the gov will dump into this to make it “feel” better –I don’t see the gov can sustain propping up the whole costly mess, though.

The investors are going to be careful about pouring money into MBS…

How many wealthy people moving into San Diego want to live down by EastLake or south…Olympic Parkway in a depreciating 700K home…are there? I would like to know that. Where can one find these kind of demographics and salary info….

[SHILOH]

This topic has been discussed a lot but it would be helpful if some of the more savvy posters could reiterate how the trend could develop- based on what has happened over the past two months of summer.
From the ARM reset graph I looked at:
http://www.bubbleinfo.com/statistics-2007/2007/3/15/arm-reset-schedule.html

I think 40% off current prices by 2010. One poster said the auction bids were at 67% of previous purchase price.
If prices return to the “norm” than I guess a formula is possible, 50% off from peak plus 4% annually to 2010, in most average markets. Not high end markets like Coronado, where they really aren’t making land anymore.

There is no way of knowing how much $ the gov will dump into this to make it “feel” better –I don’t see the gov can sustain propping up the whole costly mess, though.

The investors are going to be careful about pouring money into MBS…

How many wealthy people moving into San Diego want to live down by EastLake or south…Olympic Parkway in a depreciating 700K home…are there? I would like to know that. Where can one find these kind of demographics and salary info….

[SHILOH]

This topic has been discussed a lot but it would be helpful if some of the more savvy posters could reiterate how the trend could develop- based on what has happened over the past two months of summer.
From the ARM reset graph I looked at:
http://www.bubbleinfo.com/statistics-2007/2007/3/15/arm-reset-schedule.html

I think 40% off current prices by 2010. One poster said the auction bids were at 67% of previous purchase price.
If prices return to the “norm” than I guess a formula is possible, 50% off from peak plus 4% annually to 2010, in most average markets. Not high end markets like Coronado, where they really aren’t making land anymore.

There is no way of knowing how much $ the gov will dump into this to make it “feel” better –I don’t see the gov can sustain propping up the whole costly mess, though.

The investors are going to be careful about pouring money into MBS…

How many wealthy people moving into San Diego want to live down by EastLake or south…Olympic Parkway in a depreciating 700K home…are there? I would like to know that. Where can one find these kind of demographics and salary info….

[SHILOH]

I don’t agree with a bailout, but the debate he proposes is comparing the financial, specifically mortgage industry to the manufacturing -car industry. This is where the problem starts. All the economic models and theories…do they distinguish between these markets and whether they function the same? Obviously they exist for different purposes. Maybe they are the same if it were truly free market. But not when interest rates are manipulated, etc. by the gov. I don’t have a lot of knowledge about economics,but from what I read about Greenspan and the theories these “economists” toss around, what they did with the mortgage industry in terms of selling them as securities, seems unethical because it was a certain kind of debt transfer, not an “investment” in a tangible product or service. So Gross is posing the question…why not bail them out like Chrysler? That bailout was a long time ago – and it seems like nothing was learned from it either.

[SHILOH]

I don’t agree with a bailout, but the debate he proposes is comparing the financial, specifically mortgage industry to the manufacturing -car industry. This is where the problem starts. All the economic models and theories…do they distinguish between these markets and whether they function the same? Obviously they exist for different purposes. Maybe they are the same if it were truly free market. But not when interest rates are manipulated, etc. by the gov. I don’t have a lot of knowledge about economics,but from what I read about Greenspan and the theories these “economists” toss around, what they did with the mortgage industry in terms of selling them as securities, seems unethical because it was a certain kind of debt transfer, not an “investment” in a tangible product or service. So Gross is posing the question…why not bail them out like Chrysler? That bailout was a long time ago – and it seems like nothing was learned from it either.

[SHILOH]

I don’t agree with a bailout, but the debate he proposes is comparing the financial, specifically mortgage industry to the manufacturing -car industry. This is where the problem starts. All the economic models and theories…do they distinguish between these markets and whether they function the same? Obviously they exist for different purposes. Maybe they are the same if it were truly free market. But not when interest rates are manipulated, etc. by the gov. I don’t have a lot of knowledge about economics,but from what I read about Greenspan and the theories these “economists” toss around, what they did with the mortgage industry in terms of selling them as securities, seems unethical because it was a certain kind of debt transfer, not an “investment” in a tangible product or service. So Gross is posing the question…why not bail them out like Chrysler? That bailout was a long time ago – and it seems like nothing was learned from it either.

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