[temeculaguy]

A few hundred million, great, that should just about cover the relatives of those who are creating the fund. 8 million people and they will save one tract of homes, genius. Even if it is two hundred million, they will spend 150 million administering it and long before it hits the first recipient someone will realize that the schools need the money and potholes need fixing, they will change their plans, blame the federal government and think that they still look good in the eyes of the people losing their homes. And in the end they will still be the largest metropolotin area in the history of these united states without an NFL team. When will they get it, screw the poor people, I want football. Sorry, I’m off my meds, the season is about to start, I’m nervous about Norv Turner and I want more options within driving range just in case. Norv, if you are reading, you have the only team South of Bakersfield and more talent than Jesus had at the last supper, about 20% of the country is banking on you, don’t *&^$&* up.

[temeculaguy]

A few hundred million, great, that should just about cover the relatives of those who are creating the fund. 8 million people and they will save one tract of homes, genius. Even if it is two hundred million, they will spend 150 million administering it and long before it hits the first recipient someone will realize that the schools need the money and potholes need fixing, they will change their plans, blame the federal government and think that they still look good in the eyes of the people losing their homes. And in the end they will still be the largest metropolotin area in the history of these united states without an NFL team. When will they get it, screw the poor people, I want football. Sorry, I’m off my meds, the season is about to start, I’m nervous about Norv Turner and I want more options within driving range just in case. Norv, if you are reading, you have the only team South of Bakersfield and more talent than Jesus had at the last supper, about 20% of the country is banking on you, don’t *&^$&* up.

[temeculaguy]

A few hundred million, great, that should just about cover the relatives of those who are creating the fund. 8 million people and they will save one tract of homes, genius. Even if it is two hundred million, they will spend 150 million administering it and long before it hits the first recipient someone will realize that the schools need the money and potholes need fixing, they will change their plans, blame the federal government and think that they still look good in the eyes of the people losing their homes. And in the end they will still be the largest metropolotin area in the history of these united states without an NFL team. When will they get it, screw the poor people, I want football. Sorry, I’m off my meds, the season is about to start, I’m nervous about Norv Turner and I want more options within driving range just in case. Norv, if you are reading, you have the only team South of Bakersfield and more talent than Jesus had at the last supper, about 20% of the country is banking on you, don’t *&^$&* up.

[temeculaguy]

Don’t worry about me, I only play with what I budget for vegas and lately i am sitting on the sidelines for both stocks and vegas because as the old saying goes “If I bought stock in a funeral home, nobody would die.” FLU, so did you end up with the C class or the E class? Consider it a cheap lesson in life if it only bumped you between classes of mercedes rather than between steak and hot dogs or meth and rent, everyone has to pay for their real education somehow and it sounds like yours wasn’t all that bad in the grand scheme of things, happy camper or not you still had a tent to camp in.

[temeculaguy]

Don’t worry about me, I only play with what I budget for vegas and lately i am sitting on the sidelines for both stocks and vegas because as the old saying goes “If I bought stock in a funeral home, nobody would die.” FLU, so did you end up with the C class or the E class? Consider it a cheap lesson in life if it only bumped you between classes of mercedes rather than between steak and hot dogs or meth and rent, everyone has to pay for their real education somehow and it sounds like yours wasn’t all that bad in the grand scheme of things, happy camper or not you still had a tent to camp in.

[temeculaguy]

Don’t worry about me, I only play with what I budget for vegas and lately i am sitting on the sidelines for both stocks and vegas because as the old saying goes “If I bought stock in a funeral home, nobody would die.” FLU, so did you end up with the C class or the E class? Consider it a cheap lesson in life if it only bumped you between classes of mercedes rather than between steak and hot dogs or meth and rent, everyone has to pay for their real education somehow and it sounds like yours wasn’t all that bad in the grand scheme of things, happy camper or not you still had a tent to camp in.

[temeculaguy]

Man, ignore a thread because I hate the political ones and I miss all the excitement. Politicians didn’t cause this, capitalism didn’t cause it. Bubbles happen in other countries all the time, in places where the political or economic ideology is completely different from our own. C’mon it’s easy to see, ying/yang, pendulums have been a swinging before there was a USA or the english language or capatilism or democrats or republicans. And in case you were curious they will come again because greed has always been around.

Just to stir up what I attempted to calm, cause that’s how I roll, here’s my take on the current political posturing. Whoever the Democrats pick to run will win if no soloution is found to the foreclosure problem before election time. It is in their best interest to have more foreclosure stories so they can blame the last guy and promise to fix it. If it somehow gets fixed tomorrow and every janitor can buy a house with $5 and make 5 million ( exaggerated for effect but something along those lines and the return of zero down and 2/28’s) then whoever the Republicans pick will win because who wants to end the party. None of them caused it and none of them can fix it but the important thing is, who can capatalize on it and what are they motivated to do right now.

I haven’t decided who to vote for but if any of them say that they support legislation to require qualification at a fully amortized rate to prevent this from happening again then my vote will be bought because some people need protection from themselves. Of course if one of them comes out in favor of legalizing brothels and requiring HMO’s to pay for it then I will really be in a quandry. I hate elction time, if I want someone to lie to me i’ll ask my kids who ate the last of the golden spoon frozen yogurt.

[temeculaguy]

Man, ignore a thread because I hate the political ones and I miss all the excitement. Politicians didn’t cause this, capitalism didn’t cause it. Bubbles happen in other countries all the time, in places where the political or economic ideology is completely different from our own. C’mon it’s easy to see, ying/yang, pendulums have been a swinging before there was a USA or the english language or capatilism or democrats or republicans. And in case you were curious they will come again because greed has always been around.

Just to stir up what I attempted to calm, cause that’s how I roll, here’s my take on the current political posturing. Whoever the Democrats pick to run will win if no soloution is found to the foreclosure problem before election time. It is in their best interest to have more foreclosure stories so they can blame the last guy and promise to fix it. If it somehow gets fixed tomorrow and every janitor can buy a house with $5 and make 5 million ( exaggerated for effect but something along those lines and the return of zero down and 2/28’s) then whoever the Republicans pick will win because who wants to end the party. None of them caused it and none of them can fix it but the important thing is, who can capatalize on it and what are they motivated to do right now.

I haven’t decided who to vote for but if any of them say that they support legislation to require qualification at a fully amortized rate to prevent this from happening again then my vote will be bought because some people need protection from themselves. Of course if one of them comes out in favor of legalizing brothels and requiring HMO’s to pay for it then I will really be in a quandry. I hate elction time, if I want someone to lie to me i’ll ask my kids who ate the last of the golden spoon frozen yogurt.

[temeculaguy]

Man, ignore a thread because I hate the political ones and I miss all the excitement. Politicians didn’t cause this, capitalism didn’t cause it. Bubbles happen in other countries all the time, in places where the political or economic ideology is completely different from our own. C’mon it’s easy to see, ying/yang, pendulums have been a swinging before there was a USA or the english language or capatilism or democrats or republicans. And in case you were curious they will come again because greed has always been around.

Just to stir up what I attempted to calm, cause that’s how I roll, here’s my take on the current political posturing. Whoever the Democrats pick to run will win if no soloution is found to the foreclosure problem before election time. It is in their best interest to have more foreclosure stories so they can blame the last guy and promise to fix it. If it somehow gets fixed tomorrow and every janitor can buy a house with $5 and make 5 million ( exaggerated for effect but something along those lines and the return of zero down and 2/28’s) then whoever the Republicans pick will win because who wants to end the party. None of them caused it and none of them can fix it but the important thing is, who can capatalize on it and what are they motivated to do right now.

I haven’t decided who to vote for but if any of them say that they support legislation to require qualification at a fully amortized rate to prevent this from happening again then my vote will be bought because some people need protection from themselves. Of course if one of them comes out in favor of legalizing brothels and requiring HMO’s to pay for it then I will really be in a quandry. I hate elction time, if I want someone to lie to me i’ll ask my kids who ate the last of the golden spoon frozen yogurt.

[temeculaguy]

Nice reference SD, here’s my take that won’t suck. I will not attempt to address the economy as a whole, just the R/E market, many of you have made cogent arguments on both sides as far as the economy relates to the internet. The R/E cycle will not follow the past trend, the availability of information has produced hundreds of thousands of arm chair quarterbacks. I have no work experience or education in the R/E market, yet I am arrogant enough to think I more informed than half of the professionals in the last downturn because I can access the information that used to be mostly private or difficult to access. Most importantly, I am not alone. We can seek out information that we want, not what is chosen for us and because of that most intelligent people (who are often those with the most money) can become immune to the spin. The crazy upswing was fueled by the internet in some respects and created a lot of amatuer investors, the downturn will create amatuer bottom feeders. R/E volatility won’t be smoothed out, the dips and peaks will become more severe or maintain the recent severity. Will we see chunks of drops, oh yes. I got an e-mail from D.R. horton yesterday about an unadvertised 50k price reduction on everything, 1800-2350 sq ft sfr’s that were 389-419, now 339-379, in a day. Temec is 6 months ahead of S.D. and probably 3 months ahead of the 78 corridor, so set your alarm clocks clones because the chunk theory is about to become reality. Rack that post (Jim Rome linguistics blamed on SD realtor for starting it).

[temeculaguy]

Nice reference SD, here’s my take that won’t suck. I will not attempt to address the economy as a whole, just the R/E market, many of you have made cogent arguments on both sides as far as the economy relates to the internet. The R/E cycle will not follow the past trend, the availability of information has produced hundreds of thousands of arm chair quarterbacks. I have no work experience or education in the R/E market, yet I am arrogant enough to think I more informed than half of the professionals in the last downturn because I can access the information that used to be mostly private or difficult to access. Most importantly, I am not alone. We can seek out information that we want, not what is chosen for us and because of that most intelligent people (who are often those with the most money) can become immune to the spin. The crazy upswing was fueled by the internet in some respects and created a lot of amatuer investors, the downturn will create amatuer bottom feeders. R/E volatility won’t be smoothed out, the dips and peaks will become more severe or maintain the recent severity. Will we see chunks of drops, oh yes. I got an e-mail from D.R. horton yesterday about an unadvertised 50k price reduction on everything, 1800-2350 sq ft sfr’s that were 389-419, now 339-379, in a day. Temec is 6 months ahead of S.D. and probably 3 months ahead of the 78 corridor, so set your alarm clocks clones because the chunk theory is about to become reality. Rack that post (Jim Rome linguistics blamed on SD realtor for starting it).

[temeculaguy]

Nice reference SD, here’s my take that won’t suck. I will not attempt to address the economy as a whole, just the R/E market, many of you have made cogent arguments on both sides as far as the economy relates to the internet. The R/E cycle will not follow the past trend, the availability of information has produced hundreds of thousands of arm chair quarterbacks. I have no work experience or education in the R/E market, yet I am arrogant enough to think I more informed than half of the professionals in the last downturn because I can access the information that used to be mostly private or difficult to access. Most importantly, I am not alone. We can seek out information that we want, not what is chosen for us and because of that most intelligent people (who are often those with the most money) can become immune to the spin. The crazy upswing was fueled by the internet in some respects and created a lot of amatuer investors, the downturn will create amatuer bottom feeders. R/E volatility won’t be smoothed out, the dips and peaks will become more severe or maintain the recent severity. Will we see chunks of drops, oh yes. I got an e-mail from D.R. horton yesterday about an unadvertised 50k price reduction on everything, 1800-2350 sq ft sfr’s that were 389-419, now 339-379, in a day. Temec is 6 months ahead of S.D. and probably 3 months ahead of the 78 corridor, so set your alarm clocks clones because the chunk theory is about to become reality. Rack that post (Jim Rome linguistics blamed on SD realtor for starting it).

[temeculaguy]

yahoo is showing it up 20% to 26.25 in after hours, if it rallies to 30 I’m going to think about shorting it. The bulls have been dying for this turn around and it won’t hold. I don’t see how a 1/2 a point will make all the repos go away or the 2/28’s and neg ams resets will suddenly find utopia. Those loans are going south bcause of affordability ratios that won’t be helped by even a a full point or two drop. These loans are failing because they can only afford 1% interest. Even flat prices will sink these people that countrywide got into bed with. B of A is up a little in after hours as well, that makes sense, one of the few banks not scheduled to get screwed in the subprime mess decides they don’t want to be left out and it somehow makes them more attractive?

[temeculaguy]

yahoo is showing it up 20% to 26.25 in after hours, if it rallies to 30 I’m going to think about shorting it. The bulls have been dying for this turn around and it won’t hold. I don’t see how a 1/2 a point will make all the repos go away or the 2/28’s and neg ams resets will suddenly find utopia. Those loans are going south bcause of affordability ratios that won’t be helped by even a a full point or two drop. These loans are failing because they can only afford 1% interest. Even flat prices will sink these people that countrywide got into bed with. B of A is up a little in after hours as well, that makes sense, one of the few banks not scheduled to get screwed in the subprime mess decides they don’t want to be left out and it somehow makes them more attractive?

[temeculaguy]

yahoo is showing it up 20% to 26.25 in after hours, if it rallies to 30 I’m going to think about shorting it. The bulls have been dying for this turn around and it won’t hold. I don’t see how a 1/2 a point will make all the repos go away or the 2/28’s and neg ams resets will suddenly find utopia. Those loans are going south bcause of affordability ratios that won’t be helped by even a a full point or two drop. These loans are failing because they can only afford 1% interest. Even flat prices will sink these people that countrywide got into bed with. B of A is up a little in after hours as well, that makes sense, one of the few banks not scheduled to get screwed in the subprime mess decides they don’t want to be left out and it somehow makes them more attractive?

[Author]

Posts