[sreeb]

Elsewhere, I have read that only 1 trillion of the 5 represents bubble loans so most of their loans still have collateral. Given that, a trillion as a worst case doesn’t seem unreasonable.

[sreeb]

The one thing to remember is that our electric rates are quite high and our marginal rates are very high. This usually prevents heat pumps from being cost effective even though they should work well in our climate.

You need to look through your bills and run your calculations based on which rate level you reach.

Probably best for modern construction with really good insulation.

[sreeb]

The one thing to remember is that our electric rates are quite high and our marginal rates are very high. This usually prevents heat pumps from being cost effective even though they should work well in our climate.

You need to look through your bills and run your calculations based on which rate level you reach.

Probably best for modern construction with really good insulation.

[sreeb]

The one thing to remember is that our electric rates are quite high and our marginal rates are very high. This usually prevents heat pumps from being cost effective even though they should work well in our climate.

You need to look through your bills and run your calculations based on which rate level you reach.

Probably best for modern construction with really good insulation.

[sreeb]

The one thing to remember is that our electric rates are quite high and our marginal rates are very high. This usually prevents heat pumps from being cost effective even though they should work well in our climate.

You need to look through your bills and run your calculations based on which rate level you reach.

Probably best for modern construction with really good insulation.

[sreeb]

The one thing to remember is that our electric rates are quite high and our marginal rates are very high. This usually prevents heat pumps from being cost effective even though they should work well in our climate.

You need to look through your bills and run your calculations based on which rate level you reach.

Probably best for modern construction with really good insulation.

[sreeb]

[quote=sdrealtor]sreeb
That is a kicker but its alot longer than you think. Not sure exactly how the saying goes but something like Markets can stay irrational far longer than you can stay liquid.

BB just sent out a balloon to expect very low interest rates for at least another year or two.[/quote]

If he can get away with it, he will leave them at zero forever. I agree, it will be delayed far longer than I expect and then occur faster than anyone believes possible.

I have been too early many times and it is always expensive, though perhaps not as expensive as being too late….

[sreeb]

[quote=sdrealtor]sreeb
That is a kicker but its alot longer than you think. Not sure exactly how the saying goes but something like Markets can stay irrational far longer than you can stay liquid.

BB just sent out a balloon to expect very low interest rates for at least another year or two.[/quote]

If he can get away with it, he will leave them at zero forever. I agree, it will be delayed far longer than I expect and then occur faster than anyone believes possible.

I have been too early many times and it is always expensive, though perhaps not as expensive as being too late….

[sreeb]

[quote=sdrealtor]sreeb
That is a kicker but its alot longer than you think. Not sure exactly how the saying goes but something like Markets can stay irrational far longer than you can stay liquid.

BB just sent out a balloon to expect very low interest rates for at least another year or two.[/quote]

If he can get away with it, he will leave them at zero forever. I agree, it will be delayed far longer than I expect and then occur faster than anyone believes possible.

I have been too early many times and it is always expensive, though perhaps not as expensive as being too late….

[sreeb]

[quote=sdrealtor]sreeb
That is a kicker but its alot longer than you think. Not sure exactly how the saying goes but something like Markets can stay irrational far longer than you can stay liquid.

BB just sent out a balloon to expect very low interest rates for at least another year or two.[/quote]

If he can get away with it, he will leave them at zero forever. I agree, it will be delayed far longer than I expect and then occur faster than anyone believes possible.

I have been too early many times and it is always expensive, though perhaps not as expensive as being too late….

[sreeb]

[quote=sdrealtor]sreeb
That is a kicker but its alot longer than you think. Not sure exactly how the saying goes but something like Markets can stay irrational far longer than you can stay liquid.

BB just sent out a balloon to expect very low interest rates for at least another year or two.[/quote]

If he can get away with it, he will leave them at zero forever. I agree, it will be delayed far longer than I expect and then occur faster than anyone believes possible.

I have been too early many times and it is always expensive, though perhaps not as expensive as being too late….

[sreeb]

[quote=sdrealtor]Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions. The game isnt fair and never was, nor was it ever designed to be. Expect more of the same.

Not to say prices cant revisit some of the lows of last year and go down a little from there but wholesale destruction just isnt in the cards. Sorry if that is what you were a banking on……….[/quote]

The kicker is how long they will be able to do that. If the Fed raises the borrowing rate for banks, they won’t be able to hold back inventory and the supply will balloon. If interest rates for buyers increase, demand will implode. If borrowing costs for the US Gov increase, both will happen.

[sreeb]

[quote=sdrealtor]Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions. The game isnt fair and never was, nor was it ever designed to be. Expect more of the same.

Not to say prices cant revisit some of the lows of last year and go down a little from there but wholesale destruction just isnt in the cards. Sorry if that is what you were a banking on……….[/quote]

The kicker is how long they will be able to do that. If the Fed raises the borrowing rate for banks, they won’t be able to hold back inventory and the supply will balloon. If interest rates for buyers increase, demand will implode. If borrowing costs for the US Gov increase, both will happen.

[sreeb]

[quote=sdrealtor]Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions. The game isnt fair and never was, nor was it ever designed to be. Expect more of the same.

Not to say prices cant revisit some of the lows of last year and go down a little from there but wholesale destruction just isnt in the cards. Sorry if that is what you were a banking on……….[/quote]

The kicker is how long they will be able to do that. If the Fed raises the borrowing rate for banks, they won’t be able to hold back inventory and the supply will balloon. If interest rates for buyers increase, demand will implode. If borrowing costs for the US Gov increase, both will happen.

[sreeb]

[quote=sdrealtor]Have another beer and make that gut bigger because it aint changing dramatically. The banks are making a killing borrowing free money and lending it out for 5 to 6%. They are gradually fixing their balance sheets, keeping their collateral from cratering in value and managing the flow of foreclosed properties so as to maximize their collective positions. The game isnt fair and never was, nor was it ever designed to be. Expect more of the same.

Not to say prices cant revisit some of the lows of last year and go down a little from there but wholesale destruction just isnt in the cards. Sorry if that is what you were a banking on……….[/quote]

The kicker is how long they will be able to do that. If the Fed raises the borrowing rate for banks, they won’t be able to hold back inventory and the supply will balloon. If interest rates for buyers increase, demand will implode. If borrowing costs for the US Gov increase, both will happen.

[Author]

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