[ucodegen]

Or we (ie the Fed) could “print” the money needed to pay it all off. Of course that would put some inflationary pressure on the dollar.

More than that.. Countries and people who held treasuries in a country that decided to inflate itself out of a problem would not want to pick up bonds in that country.. creating a high interest rate combined with high inflation rate problem.

[ucodegen]

Or we (ie the Fed) could “print” the money needed to pay it all off. Of course that would put some inflationary pressure on the dollar.

More than that.. Countries and people who held treasuries in a country that decided to inflate itself out of a problem would not want to pick up bonds in that country.. creating a high interest rate combined with high inflation rate problem.

[ucodegen]

Or we (ie the Fed) could “print” the money needed to pay it all off. Of course that would put some inflationary pressure on the dollar.

More than that.. Countries and people who held treasuries in a country that decided to inflate itself out of a problem would not want to pick up bonds in that country.. creating a high interest rate combined with high inflation rate problem.

[ucodegen]

I realize that this is not the only cause of falling housing prices. But reduced demand is not solely responsible for collapsing values in all areas. Can someone explain to me what makes the selling prices of SSs and REOs qualify as comparables?

The underlying truth is; the comps are what the equivalent price of the house is for that period of time.. whether REO, flip or shortsale. It is what people are willing to pay for the property.

Comps and actual value of the property are different. Comps outpaced actual value over the past years because of loose financing. Too many people were speculating one way or the other (this is why so many foreclosures in the first place). The banks are assuming that there may be another leg down, so they are being a bit conservative. The fed told them that there is not going to be another ‘bailout’. They got to get healthy NOW. In addition, people got used to really loose financing. 20% down is closer to the norm.. so what is the problem? Lower house prices mean lower property tax.

[ucodegen]

I realize that this is not the only cause of falling housing prices. But reduced demand is not solely responsible for collapsing values in all areas. Can someone explain to me what makes the selling prices of SSs and REOs qualify as comparables?

The underlying truth is; the comps are what the equivalent price of the house is for that period of time.. whether REO, flip or shortsale. It is what people are willing to pay for the property.

Comps and actual value of the property are different. Comps outpaced actual value over the past years because of loose financing. Too many people were speculating one way or the other (this is why so many foreclosures in the first place). The banks are assuming that there may be another leg down, so they are being a bit conservative. The fed told them that there is not going to be another ‘bailout’. They got to get healthy NOW. In addition, people got used to really loose financing. 20% down is closer to the norm.. so what is the problem? Lower house prices mean lower property tax.

[ucodegen]

I realize that this is not the only cause of falling housing prices. But reduced demand is not solely responsible for collapsing values in all areas. Can someone explain to me what makes the selling prices of SSs and REOs qualify as comparables?

The underlying truth is; the comps are what the equivalent price of the house is for that period of time.. whether REO, flip or shortsale. It is what people are willing to pay for the property.

Comps and actual value of the property are different. Comps outpaced actual value over the past years because of loose financing. Too many people were speculating one way or the other (this is why so many foreclosures in the first place). The banks are assuming that there may be another leg down, so they are being a bit conservative. The fed told them that there is not going to be another ‘bailout’. They got to get healthy NOW. In addition, people got used to really loose financing. 20% down is closer to the norm.. so what is the problem? Lower house prices mean lower property tax.

[ucodegen]

I realize that this is not the only cause of falling housing prices. But reduced demand is not solely responsible for collapsing values in all areas. Can someone explain to me what makes the selling prices of SSs and REOs qualify as comparables?

The underlying truth is; the comps are what the equivalent price of the house is for that period of time.. whether REO, flip or shortsale. It is what people are willing to pay for the property.

Comps and actual value of the property are different. Comps outpaced actual value over the past years because of loose financing. Too many people were speculating one way or the other (this is why so many foreclosures in the first place). The banks are assuming that there may be another leg down, so they are being a bit conservative. The fed told them that there is not going to be another ‘bailout’. They got to get healthy NOW. In addition, people got used to really loose financing. 20% down is closer to the norm.. so what is the problem? Lower house prices mean lower property tax.

[ucodegen]

I realize that this is not the only cause of falling housing prices. But reduced demand is not solely responsible for collapsing values in all areas. Can someone explain to me what makes the selling prices of SSs and REOs qualify as comparables?

The underlying truth is; the comps are what the equivalent price of the house is for that period of time.. whether REO, flip or shortsale. It is what people are willing to pay for the property.

Comps and actual value of the property are different. Comps outpaced actual value over the past years because of loose financing. Too many people were speculating one way or the other (this is why so many foreclosures in the first place). The banks are assuming that there may be another leg down, so they are being a bit conservative. The fed told them that there is not going to be another ‘bailout’. They got to get healthy NOW. In addition, people got used to really loose financing. 20% down is closer to the norm.. so what is the problem? Lower house prices mean lower property tax.

[ucodegen]

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[ucodegen]

Allan, I think your “armchair” diagnosis is spot-on. I’d venture to say that when you open up the DSM-IV, they’ve got Lisa’s headshot beside the description/criteria of “narcissistic personality disorder”.

I thought Casey Serin had that page locked up.. ;-P

It concerns me that I can think of at least 3 people who accurately fit the NPD format without even trying. This country is heading for a very rude awakening.

[ucodegen]

Allan, I think your “armchair” diagnosis is spot-on. I’d venture to say that when you open up the DSM-IV, they’ve got Lisa’s headshot beside the description/criteria of “narcissistic personality disorder”.

I thought Casey Serin had that page locked up.. ;-P

It concerns me that I can think of at least 3 people who accurately fit the NPD format without even trying. This country is heading for a very rude awakening.

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