[stansd]

We’re off to see the Wizard, The Wonderful Wizard of Oz.
You’ll find he is a whiz of a Wiz! If ever a Wiz! there was.
If ever oh ever a Wiz! there was The Wizard of Oz is one becoz,
Becoz, becoz, becoz, becoz, becoz.
Becoz of the wonderful things he does.

I Think you’ve watched conspiracy theory one too many times.

Stan

[stansd]

We’re off to see the Wizard, The Wonderful Wizard of Oz.
You’ll find he is a whiz of a Wiz! If ever a Wiz! there was.
If ever oh ever a Wiz! there was The Wizard of Oz is one becoz,
Becoz, becoz, becoz, becoz, becoz.
Becoz of the wonderful things he does.

I Think you’ve watched conspiracy theory one too many times.

Stan

[stansd]

Deadzone,

Are you still as confident in your short positions and the certainty of Bankruptcy?

Stan

[stansd]

Deadzone,

Are you still as confident in your short positions and the certainty of Bankruptcy?

Stan

[stansd]

Deadzone,

Are you still as confident in your short positions and the certainty of Bankruptcy?

Stan

[stansd]

http://online.wsj.com/article/SB118758059074702618.html?mod=hps_us_whats_news

Stan

[stansd]

http://online.wsj.com/article/SB118758059074702618.html?mod=hps_us_whats_news

Stan

[stansd]

http://online.wsj.com/article/SB118758059074702618.html?mod=hps_us_whats_news

Stan

[stansd]

Toots,

You bring up an interesting point. I wonder if the market gets segmented a bit with two kinds of landlords: The first is the desperate landlord whose property is sitting on the market because they don’t want to lower it to market price. I’m seeing a lot of this right now on craigslist. That person is desperate to pay the mortgage and is more interested in the bird in the hand (decent rent) than the risk of a poor credit tenant.

Then I think you have the other side-landlords who are very concerned about what happens to their house, or the risk of not getting paid. These folks wil likely be very wary of low credit customers and willing to rent for less to find a high quality tenant (I rent from one of these right now).

My hope is that this is how it plays out-so that rents on the responsible (e.g. the Piggington renter) don’t wind up escalating with a bunch of new renters chasing properties.

Stan

[stansd]

Toots,

You bring up an interesting point. I wonder if the market gets segmented a bit with two kinds of landlords: The first is the desperate landlord whose property is sitting on the market because they don’t want to lower it to market price. I’m seeing a lot of this right now on craigslist. That person is desperate to pay the mortgage and is more interested in the bird in the hand (decent rent) than the risk of a poor credit tenant.

Then I think you have the other side-landlords who are very concerned about what happens to their house, or the risk of not getting paid. These folks wil likely be very wary of low credit customers and willing to rent for less to find a high quality tenant (I rent from one of these right now).

My hope is that this is how it plays out-so that rents on the responsible (e.g. the Piggington renter) don’t wind up escalating with a bunch of new renters chasing properties.

Stan

[stansd]

Toots,

You bring up an interesting point. I wonder if the market gets segmented a bit with two kinds of landlords: The first is the desperate landlord whose property is sitting on the market because they don’t want to lower it to market price. I’m seeing a lot of this right now on craigslist. That person is desperate to pay the mortgage and is more interested in the bird in the hand (decent rent) than the risk of a poor credit tenant.

Then I think you have the other side-landlords who are very concerned about what happens to their house, or the risk of not getting paid. These folks wil likely be very wary of low credit customers and willing to rent for less to find a high quality tenant (I rent from one of these right now).

My hope is that this is how it plays out-so that rents on the responsible (e.g. the Piggington renter) don’t wind up escalating with a bunch of new renters chasing properties.

Stan

[stansd]

Bsharma,

We never seem to agree:)

Agree on the law of conservation of homes. That said, I see inventory rising as part of the bust. The vacancy rate is already up, and the foreclosure avalanche will also increase vacancies as they wind through the auction/sales pipeline. You’ll also wind up with folks who have lost their homes and are “desperate renters.” I think there will be excess demand chasing supply leading to a rise in rents.

Credit will become a real issue in the rental market as those who were forclosed on, who were short selling, or who moved after a large dent in any equity they had seek shelter.

The disparity between rents and mortgages will narrow from both ends-prices coming down, rents moving up. I don’t see rents skyrocketing, but I do believe they’ll move up.

Stan

[stansd]

Bsharma,

We never seem to agree:)

Agree on the law of conservation of homes. That said, I see inventory rising as part of the bust. The vacancy rate is already up, and the foreclosure avalanche will also increase vacancies as they wind through the auction/sales pipeline. You’ll also wind up with folks who have lost their homes and are “desperate renters.” I think there will be excess demand chasing supply leading to a rise in rents.

Credit will become a real issue in the rental market as those who were forclosed on, who were short selling, or who moved after a large dent in any equity they had seek shelter.

The disparity between rents and mortgages will narrow from both ends-prices coming down, rents moving up. I don’t see rents skyrocketing, but I do believe they’ll move up.

Stan

[stansd]

Bsharma,

We never seem to agree:)

Agree on the law of conservation of homes. That said, I see inventory rising as part of the bust. The vacancy rate is already up, and the foreclosure avalanche will also increase vacancies as they wind through the auction/sales pipeline. You’ll also wind up with folks who have lost their homes and are “desperate renters.” I think there will be excess demand chasing supply leading to a rise in rents.

Credit will become a real issue in the rental market as those who were forclosed on, who were short selling, or who moved after a large dent in any equity they had seek shelter.

The disparity between rents and mortgages will narrow from both ends-prices coming down, rents moving up. I don’t see rents skyrocketing, but I do believe they’ll move up.

Stan

[stansd]

I’m not blaming the Chinese at all. I actually think they are brilliant both in terms of moving their country up the economic ladder, and potentially cementing themselves as the world’s only superpower 30 years from now.

My blame is squarely laid at the foot of the irrational American consumer. The chinese are simply supplying what we want…It’s our demand for cheap crap that we can’t pay for because we don’t produce what others want (outside of their claims on our own financial vapor paper) that is to blame.

Stan

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