[temeculaguy]

I’ll say no change or under 50 point hit. It makes sense, shorts cuase less financial damage to the lender than jingle mail or freeloading for 6 months to a year. The back taxes, the back hoa fees, all of that is usually avoided with a short. I personally think banks could have done so much to help themselves if they had not been so against shorts a year ago, they were worthless a year ago, you could never get an answer, on one I never did get an answer. I am biased having made three short offers last year, all rejected and later repo’d, all ended up selling for less than my offer and all stopped getting mortgage checks from the occupant. If they did the math math, the lost twice the money dragging their feet. The only thing to motivate the borrower on a short is credit salvaging, I bet we hear more stories like this going forward, because if there is no difference in the credit hit, they will just stop getting payments from those people.

[temeculaguy]

I’ll say no change or under 50 point hit. It makes sense, shorts cuase less financial damage to the lender than jingle mail or freeloading for 6 months to a year. The back taxes, the back hoa fees, all of that is usually avoided with a short. I personally think banks could have done so much to help themselves if they had not been so against shorts a year ago, they were worthless a year ago, you could never get an answer, on one I never did get an answer. I am biased having made three short offers last year, all rejected and later repo’d, all ended up selling for less than my offer and all stopped getting mortgage checks from the occupant. If they did the math math, the lost twice the money dragging their feet. The only thing to motivate the borrower on a short is credit salvaging, I bet we hear more stories like this going forward, because if there is no difference in the credit hit, they will just stop getting payments from those people.

[temeculaguy]

I’ll say no change or under 50 point hit. It makes sense, shorts cuase less financial damage to the lender than jingle mail or freeloading for 6 months to a year. The back taxes, the back hoa fees, all of that is usually avoided with a short. I personally think banks could have done so much to help themselves if they had not been so against shorts a year ago, they were worthless a year ago, you could never get an answer, on one I never did get an answer. I am biased having made three short offers last year, all rejected and later repo’d, all ended up selling for less than my offer and all stopped getting mortgage checks from the occupant. If they did the math math, the lost twice the money dragging their feet. The only thing to motivate the borrower on a short is credit salvaging, I bet we hear more stories like this going forward, because if there is no difference in the credit hit, they will just stop getting payments from those people.

[temeculaguy]

I’ll say no change or under 50 point hit. It makes sense, shorts cuase less financial damage to the lender than jingle mail or freeloading for 6 months to a year. The back taxes, the back hoa fees, all of that is usually avoided with a short. I personally think banks could have done so much to help themselves if they had not been so against shorts a year ago, they were worthless a year ago, you could never get an answer, on one I never did get an answer. I am biased having made three short offers last year, all rejected and later repo’d, all ended up selling for less than my offer and all stopped getting mortgage checks from the occupant. If they did the math math, the lost twice the money dragging their feet. The only thing to motivate the borrower on a short is credit salvaging, I bet we hear more stories like this going forward, because if there is no difference in the credit hit, they will just stop getting payments from those people.

[temeculaguy]

[quote=stansd]I went back into the market today (pulled 1/2 out at dow 14k)…risk/reward is there. I see it as binary. If we are in a depression, it’s going to get a whole lot worse. If we aren’t, there is a lot of upside. I still have a year of living expenses in cash, but no, not enough food, gold, ammo:)

I still think inflation hedges, U.S. currency hedges, etc are important. I see no way that we get out of this without inflation and dollar devaluation on a large scale.

Stan[/quote]

See that’s what i was thinking, stan cannot really lose, out at 14 and back in at 6. If it goes to 0, you are up 1. Your dollar cost average is 7. I have had a little wine aecitia, but that’s not really news, and no, there are currently no crazy horse ladies or crazy cat ladies on the schedule. horse and excessive cat ownership questions have been added to the pre dating questionaire, except for one horse lady, but god she’s cute and she only owns a half interest in the horse, I think that’s worth the risk/reward.

[temeculaguy]

[quote=stansd]I went back into the market today (pulled 1/2 out at dow 14k)…risk/reward is there. I see it as binary. If we are in a depression, it’s going to get a whole lot worse. If we aren’t, there is a lot of upside. I still have a year of living expenses in cash, but no, not enough food, gold, ammo:)

I still think inflation hedges, U.S. currency hedges, etc are important. I see no way that we get out of this without inflation and dollar devaluation on a large scale.

Stan[/quote]

See that’s what i was thinking, stan cannot really lose, out at 14 and back in at 6. If it goes to 0, you are up 1. Your dollar cost average is 7. I have had a little wine aecitia, but that’s not really news, and no, there are currently no crazy horse ladies or crazy cat ladies on the schedule. horse and excessive cat ownership questions have been added to the pre dating questionaire, except for one horse lady, but god she’s cute and she only owns a half interest in the horse, I think that’s worth the risk/reward.

[temeculaguy]

[quote=stansd]I went back into the market today (pulled 1/2 out at dow 14k)…risk/reward is there. I see it as binary. If we are in a depression, it’s going to get a whole lot worse. If we aren’t, there is a lot of upside. I still have a year of living expenses in cash, but no, not enough food, gold, ammo:)

I still think inflation hedges, U.S. currency hedges, etc are important. I see no way that we get out of this without inflation and dollar devaluation on a large scale.

Stan[/quote]

See that’s what i was thinking, stan cannot really lose, out at 14 and back in at 6. If it goes to 0, you are up 1. Your dollar cost average is 7. I have had a little wine aecitia, but that’s not really news, and no, there are currently no crazy horse ladies or crazy cat ladies on the schedule. horse and excessive cat ownership questions have been added to the pre dating questionaire, except for one horse lady, but god she’s cute and she only owns a half interest in the horse, I think that’s worth the risk/reward.

[temeculaguy]

[quote=stansd]I went back into the market today (pulled 1/2 out at dow 14k)…risk/reward is there. I see it as binary. If we are in a depression, it’s going to get a whole lot worse. If we aren’t, there is a lot of upside. I still have a year of living expenses in cash, but no, not enough food, gold, ammo:)

I still think inflation hedges, U.S. currency hedges, etc are important. I see no way that we get out of this without inflation and dollar devaluation on a large scale.

Stan[/quote]

See that’s what i was thinking, stan cannot really lose, out at 14 and back in at 6. If it goes to 0, you are up 1. Your dollar cost average is 7. I have had a little wine aecitia, but that’s not really news, and no, there are currently no crazy horse ladies or crazy cat ladies on the schedule. horse and excessive cat ownership questions have been added to the pre dating questionaire, except for one horse lady, but god she’s cute and she only owns a half interest in the horse, I think that’s worth the risk/reward.

[temeculaguy]

[quote=stansd]I went back into the market today (pulled 1/2 out at dow 14k)…risk/reward is there. I see it as binary. If we are in a depression, it’s going to get a whole lot worse. If we aren’t, there is a lot of upside. I still have a year of living expenses in cash, but no, not enough food, gold, ammo:)

I still think inflation hedges, U.S. currency hedges, etc are important. I see no way that we get out of this without inflation and dollar devaluation on a large scale.

Stan[/quote]

See that’s what i was thinking, stan cannot really lose, out at 14 and back in at 6. If it goes to 0, you are up 1. Your dollar cost average is 7. I have had a little wine aecitia, but that’s not really news, and no, there are currently no crazy horse ladies or crazy cat ladies on the schedule. horse and excessive cat ownership questions have been added to the pre dating questionaire, except for one horse lady, but god she’s cute and she only owns a half interest in the horse, I think that’s worth the risk/reward.

[temeculaguy]

poorsaver, actually I wasn’t going to go with MO, that is the domestic version, I was going with PM, phillip morris’s international group that just sells overseas, americans don’t seem to smoke much but take one trip to an indian casino locally, the foreigners love the stuff.

You really think HOG is going under? It’s actually my fav of the group besides costco, but the upside of harley is much greater due to the depressed value and low p/e. Even in a mad max world, they will be the choice of the road warriors. I could be wrong, all those 50 year old guys i see every weekend on their harleys might go out and buy japanese motorcycles for reliability and gas milege like car drivers have done. Bit have you ever drank with one? I’m not seeing it, of the weekend biker types I know, they would rather lose a small appendage than sit on anything else.

[temeculaguy]

poorsaver, actually I wasn’t going to go with MO, that is the domestic version, I was going with PM, phillip morris’s international group that just sells overseas, americans don’t seem to smoke much but take one trip to an indian casino locally, the foreigners love the stuff.

You really think HOG is going under? It’s actually my fav of the group besides costco, but the upside of harley is much greater due to the depressed value and low p/e. Even in a mad max world, they will be the choice of the road warriors. I could be wrong, all those 50 year old guys i see every weekend on their harleys might go out and buy japanese motorcycles for reliability and gas milege like car drivers have done. Bit have you ever drank with one? I’m not seeing it, of the weekend biker types I know, they would rather lose a small appendage than sit on anything else.

[temeculaguy]

poorsaver, actually I wasn’t going to go with MO, that is the domestic version, I was going with PM, phillip morris’s international group that just sells overseas, americans don’t seem to smoke much but take one trip to an indian casino locally, the foreigners love the stuff.

You really think HOG is going under? It’s actually my fav of the group besides costco, but the upside of harley is much greater due to the depressed value and low p/e. Even in a mad max world, they will be the choice of the road warriors. I could be wrong, all those 50 year old guys i see every weekend on their harleys might go out and buy japanese motorcycles for reliability and gas milege like car drivers have done. Bit have you ever drank with one? I’m not seeing it, of the weekend biker types I know, they would rather lose a small appendage than sit on anything else.

[temeculaguy]

poorsaver, actually I wasn’t going to go with MO, that is the domestic version, I was going with PM, phillip morris’s international group that just sells overseas, americans don’t seem to smoke much but take one trip to an indian casino locally, the foreigners love the stuff.

You really think HOG is going under? It’s actually my fav of the group besides costco, but the upside of harley is much greater due to the depressed value and low p/e. Even in a mad max world, they will be the choice of the road warriors. I could be wrong, all those 50 year old guys i see every weekend on their harleys might go out and buy japanese motorcycles for reliability and gas milege like car drivers have done. Bit have you ever drank with one? I’m not seeing it, of the weekend biker types I know, they would rather lose a small appendage than sit on anything else.

[temeculaguy]

poorsaver, actually I wasn’t going to go with MO, that is the domestic version, I was going with PM, phillip morris’s international group that just sells overseas, americans don’t seem to smoke much but take one trip to an indian casino locally, the foreigners love the stuff.

You really think HOG is going under? It’s actually my fav of the group besides costco, but the upside of harley is much greater due to the depressed value and low p/e. Even in a mad max world, they will be the choice of the road warriors. I could be wrong, all those 50 year old guys i see every weekend on their harleys might go out and buy japanese motorcycles for reliability and gas milege like car drivers have done. Bit have you ever drank with one? I’m not seeing it, of the weekend biker types I know, they would rather lose a small appendage than sit on anything else.

[temeculaguy]

There is an upside to this, if cnbc goes under we might finally get to see maria, erin and the other financial babes of cnbc in playboy. Add in the “stimulate the economy” headline on the cover and that edition will be suitable for framing. I may go frame shopping this weekend to beat the rush.

[Author]

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