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temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
temeculaguy
ParticipantThis is not meant as an insult but just to be sure we are talking apples to apples, when you say you lost or gained, did you sell the stock or is it just the loss or gain based on current value?
Also, what do you mean by “long term” and “short term.” Why is it that if you lose 12k you can only write off 3k? Is it because you only had 3k in capital gains so you only used a portion of the loss to offset gains or is there another reason?
temeculaguy
ParticipantFHA isn’t really a loan, it’s a guarantee/oversight program. Brokers can screw you or overcharge you on any loan program. Think of it like a car dealer, the manufacturer isn’t usually the one gouging people, it’s the individual dealerships charging suckers a grand for paint sealant or scotchgard or whatever.
temeculaguy
ParticipantFHA isn’t really a loan, it’s a guarantee/oversight program. Brokers can screw you or overcharge you on any loan program. Think of it like a car dealer, the manufacturer isn’t usually the one gouging people, it’s the individual dealerships charging suckers a grand for paint sealant or scotchgard or whatever.
temeculaguy
ParticipantFHA isn’t really a loan, it’s a guarantee/oversight program. Brokers can screw you or overcharge you on any loan program. Think of it like a car dealer, the manufacturer isn’t usually the one gouging people, it’s the individual dealerships charging suckers a grand for paint sealant or scotchgard or whatever.
temeculaguy
ParticipantFHA isn’t really a loan, it’s a guarantee/oversight program. Brokers can screw you or overcharge you on any loan program. Think of it like a car dealer, the manufacturer isn’t usually the one gouging people, it’s the individual dealerships charging suckers a grand for paint sealant or scotchgard or whatever.
temeculaguy
ParticipantFHA isn’t really a loan, it’s a guarantee/oversight program. Brokers can screw you or overcharge you on any loan program. Think of it like a car dealer, the manufacturer isn’t usually the one gouging people, it’s the individual dealerships charging suckers a grand for paint sealant or scotchgard or whatever.
temeculaguy
Participant[quote=paramount]TG: This was an old school Crown Vic with a carb, I think it was a 1981.[/quote]
Well it was worth a shot, but your theory was probably right, those were some of the years ford would probably prefer to forget. Don’t hold it against them, they got it going on now. Sorry if I showed my ford cheerleader bias again.
temeculaguy
Participant[quote=paramount]TG: This was an old school Crown Vic with a carb, I think it was a 1981.[/quote]
Well it was worth a shot, but your theory was probably right, those were some of the years ford would probably prefer to forget. Don’t hold it against them, they got it going on now. Sorry if I showed my ford cheerleader bias again.
temeculaguy
Participant[quote=paramount]TG: This was an old school Crown Vic with a carb, I think it was a 1981.[/quote]
Well it was worth a shot, but your theory was probably right, those were some of the years ford would probably prefer to forget. Don’t hold it against them, they got it going on now. Sorry if I showed my ford cheerleader bias again.
temeculaguy
Participant[quote=paramount]TG: This was an old school Crown Vic with a carb, I think it was a 1981.[/quote]
Well it was worth a shot, but your theory was probably right, those were some of the years ford would probably prefer to forget. Don’t hold it against them, they got it going on now. Sorry if I showed my ford cheerleader bias again.
temeculaguy
Participant[quote=paramount]TG: This was an old school Crown Vic with a carb, I think it was a 1981.[/quote]
Well it was worth a shot, but your theory was probably right, those were some of the years ford would probably prefer to forget. Don’t hold it against them, they got it going on now. Sorry if I showed my ford cheerleader bias again.
September 3, 2009 at 4:13 PM in reply to: Banks to Flood the Markets with Foreclosures – CNBC Reports #453266temeculaguy
ParticipantIt’s an interesting theory but there are too many players and loans are spread out all over the country into too many markets (none of which had the same appreciation or depreciation timetables). The various institutions don’t have secret meetings and design the bottom, but there are trends and your prediction may still be correct, but not for those reasons. More than likely the trend in quality of reo’s and areas have more to do with the demographics of the borrowers. The shakiest buyers with the riskiest loans (subprime toxic loans) went early and had few resources to avoid foreclosure. They were more likely to strip their place and more likely to not have put much into it or take care of it, thus the crappier ones were the bulk of the early foreclosures. As unemployment spread a little upwards and trouble shifted into prime, the houses were in different places and in better shape. None of this applies to “all” reo’s, just the trend.
I do think your fall 2009 prediction will be accurate, I just don’t think it was by design.
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