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SK in CV
Participant[quote=Rich Toscano]I don’t think it was a myth right after the crash. There were a ton of homes in various stages of foreclosure that had not hit the market yet. That was the shadow inventory: homes that we knew were eventually coming to market, but that hadn’t yet shown up yet in the inventory stats.
[/quote]
The part that was a myth right after the crash, and we continued to hear it for years afterwards, was that lenders were secretly hiding their inventory, or at very least intentionally holding on to inventory until after the market recovered. They never did that. They were just (and remain) that horribly incompetent at managing distressed assets.
June 22, 2017 at 7:39 PM in reply to: New construction at record low, nominal prices hit new high #806975Participant[quote=FormerSanDiegan]These articles don’t take into account the shadow construction going on.[/quote]
LOL!
Participant[quote=phaster]
as I posted this topic came up in a discussion and its pretty far out there I’ll be the first to admit that…BUT SPEs (Special Purpose Entities) are indeed vary real
https://www.wsj.com/articles/SB1014329454674201960
http://www.bis.org/press/p090929.htm
http://www.hjlawfirm.com/blog/202-what-is-a-single-purpose
and I was just posting what I had heard in the hopes of getting confirmation WRT RE
talked to a friend of a friend who works on bonds and confirmed that SPEs were used just like creation and annihilation operators (in math/physics) to tweak those kinds of financial vehicles on a banks balance sheet
don’t know what else to say, other than still seeking answers to lots of interesting questions[/quote]
SPE’s exist. They are not proof, in fact, they’re not even evidence of any shadow inventory. They don’t get assets (or liabilities) of any banks’ balance sheet. Shadow inventory was a myth 8 years ago. It was a myth 6 years ago. It was a myth 4 years ago. It is still a myth.
Participant[quote=scaredyclassic][quote=outtamojo]Coworkers says she was watching fox news and they said some kid got accepted to Stanford just for writing BLM on essay. She totally believed it, she being college educated also.[/quote]
i thik that one might be true
I think you’re promoting fake news there scaredy. The article is pretty clear, the kid did not get accepted to Stanford “just for writing BLM on [an] essay”. His ‘writing BLM” may have had nothing to do with his acceptance, and it wasn’t an essay.
A more appropriate claim would be that Fox News may have taken a tiny piece of the story and turned into a central part, in order to enrage their viewers. Which is exactly what Fox News has been doing for decades, leading to postings on RE blogs claiming “Right-Wing Media are Destroying Our Country”.
Participant[quote=flu]
Yes, rent in that segment might be affected. Landlords that depend on renting to undocumented workers would be affected.[/quote]For what it’s worth, that’s me. The landlord, not the undocumented worker. I have a good size apartment complex that is probably 40-60% undocumented. (I’m guessing a bit, it could be more) I haven’t had a vacancy for more than 5 days in the last two years. No change in the waiting list since the beginning of the year.
Participant[quote=Escoguy]Go to Balboa some evening, must be 50 Asian restaurants in the area,
Korean BBQ, Japanese BBQ, great stuff but often $25/plate for startersMany Asian kids from UCSD go there to celebrate/relax on weekends.[/quote]
Is this evidence of a bubble about to burst? Or that prices are going higher? Or just that people like Asian food? There have been a lot of Asian restaurants there for many decades.
Participant[quote=harvey][quote=kev374]funny, I heard the same comments prior to the last crash! Some of the comments by users and economists here are very reminiscent of 2006 where contrarians were mocked and we know what happened shortly thereafter.[/quote]
It’s like that guy who has accurately predicted 14 of the past 3 recessions – and the naysayers still dismiss him![/quote]
It’s even easier to explain that someone trying seriously to make predictions based on real data. I don’t know who she is, but I suspect she works for the company that posted the video (which I admit, I only watched a few minutes). The company that posted the video sells gold. While I hate this phrase, it really is all you need to know.
Participant[quote=harvey]Didn’t you know?
The Fed’s balance sheet is in the finals on The Voice.
But what if it stops performing?[/quote]
Gwen Stefani will use her final save?
Participant[quote=kev374]
What is not discussed is how the Fed is going to handle it if their balance sheet stops performing. Also what is going to happen to the $19 Trillion existing debt? And with Trump’s plans to supposedly add $10 Trillion more?[/quote]
Is this supposed to mean something? What exactly does it mean for the Fed “balance sheet [to] stop performing”?
This is “an important question” to someone who has no idea what assets are on the Fed balance sheet.
Participant[quote=zk][quote=SK in CV]
No. Not exactly. In fact, not even in the same universe as an eye for an eye. Closer to just the opposite of an eye for an eye.
And I’m not a believer, so it’s not my bible. I was just pointing out, as you have, that the Hebrew Bible, the larger part of the Old Testament, like most religious texts, has some serious inconsistencies.[/quote]
Opposite? What? You lost me.
I was saying that the old testament says an eye for an eye, not that you were saying that.[/quote]
I thought you were referring to the biblical quote I provided: “justice, justice, thou shall pursue”. It’s among my favorites. And isn’t anything like “an eye for an eye”.
Participant[quote=zk][quote=SK in CV][quote=zk][quote=FlyerInHi] Being tough and strong and wanting to respond to everything with shock and awe, overwhelmming pushnishment is nothing to be proud of. That also flies in the face of the teachings of the Bible.
[/quote]
Have you read the old testament?[/quote]
I have.
Justice, justice, thou shall pursue.[/quote]
Exactly. An eye for an eye. [/quote]
No. Not exactly. In fact, not even in the same universe as an eye for an eye. Closer to just the opposite of an eye for an eye.
And I’m not a believer, so it’s not my bible. I was just pointing out, as you have, that the Hebrew Bible, the larger part of the Old Testament, like most religious texts, has some serious inconsistencies.
Participant[quote=zk][quote=FlyerInHi] Being tough and strong and wanting to respond to everything with shock and awe, overwhelmming pushnishment is nothing to be proud of. That also flies in the face of the teachings of the Bible.
[/quote]
Have you read the old testament?[/quote]
I have.
Justice, justice, thou shall pursue.
Participant.
ParticipantIssue is hard-to-detect EDs hidden in batteries. Nothing more complicated than that.
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